A key ingredient to being successful in cryptocurrency is understanding how to make crypto passive income work for you. For a lot of people, this has often involved staking, but the meme coin Caged Beasts (BEASTS) has unsheathed an innovative referral programme feature that could help it grow its platform, grow an individual’s earnings, and make it rival meme coin peers Shiba Inu (SHIB) and Dogecoin (DOGE).

Here’s How Caged Beasts Can Be A Winner With Passive Income

Caged Beasts stands out from other presales due to its unique approach, which highlights its innovation and focus on the community. As the presale raises funds, the caged beasts undergo growth and transformation, progressing from infancy to powerful creatures. While the specific details of this growth are not yet revealed, the concept presents an appealing opportunity for early investors.

Within the Caged Beasts ecosystem, users can generate their own referral code. When someone makes a purchase using this code, the user who owns the code immediately receives 20% of the deposited amount (in ETH, BNB, or USDT) directly into their wallet.

This groundbreaking presale strategy encourages community and collaboration, as every investment in the presale benefits others. The investor who utilises another user’s referral code will receive an additional 20% of BEASTS tokens. This two-way incentive system ensures that both parties involved in the referral program come out as winners.

So what does this mean for you if you use this scheme? Imagine that you hold $BEASTS tokens and then use the code to convince five other people to join. That would, theoretically, allow you to earn $100 in possibly ETH, BNB or USDT. The possibilities are mouthwatering and do not require strenuous activity on your part.

How Is This Different To Traditional Crypto Passive Income?

Passive income within the cryptocurrency realm involves generating continuous earnings without actively engaging in daily trading activities. It allows investors to make profits from their digital asset holdings by utilising various methods offered by blockchain networks.

One common method is staking, whereby individuals securely hold and lock their cryptocurrencies in a compatible wallet to support the network’s operations and ensure its security. In return, they receive additional cryptocurrencies as a reward. Staking not only helps preserve the decentralised nature of the network but also grants holders a steady stream of passive income.

Another avenue is through referral programs, which enable users to generate income by referring new members to a cryptocurrency platform. Whenever the referred users carry out transactions on the platform, the referrer receives a portion of those transactions as passive income.

This incentivises users to promote the platform, contributing to its expansion while benefiting from the generated revenue. Both staking and referral programs present individuals with viable opportunities to earn passive income within the cryptocurrency space.

Can This Help It Rival Dogecoin Or Shiba Inu?

The big standard of success for any new meme coin is whether it can close the gap between it and the two biggest meme coins – Dogecoin and Shiba Inu.

Both $DOGE and $SHIB sit comfortably in the top twenty of cryptocurrencies in the market and boast immense platforms of richly developed and diverse ecosystems with strong support from their respective communities. In addition to this, both are constantly evolving their individual ecosystems to improve their services and features.

It would be unreasonable to expect Caged Beasts to have closed the gap on the first day of its launch but what its referral programme allows it to do is organically expand itself during its presale, heightening the likelihood of better funding to enhance its ecosystem and ensure that it is a cryptocurrency ripe for investment.

So while it would be implausible to envision Caged Beasts necessarily overtaking the meme coin giants overnight, it can lay down the much-needed groundwork to give itself every chance it needs to chase down the big dogs of the meme coin market.

Caged Beasts

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

 

 

---

Filed under: Bitcoin - @ June 23, 2023 10:00 am