In the rapidly evolving world of cryptocurrencies, Cardano (ADA) and Solana (SOL) have emerged as prominent players, offering unique features and potential for generating passive income.
A new cryptocurrency, Caged Beasts (BEASTS), has shown a different pathway to earning $100 a day with its various passive income mechanisms. This article will explore how investors can achieve this.
How To Earn $100 A Day With Cardano
Cardano utilises a proof-of-stake (PoS) consensus mechanism, allowing ADA holders to participate in staking and earn rewards for supporting the network’s security and functionality. By delegating or running a stake pool, individuals can stake their ADA and receive a share of the block rewards.
The average annual staking return on Cardano has been around 5-6%. To earn $100 per day, an investment of approximately $500,000 in ADA would be needed, considering the current staking rewards and market conditions.
Cardano is known for its focus on decentralised finance (DeFi) and the development of smart contracts. As the ecosystem expands, it presents opportunities for individuals to earn passive income through decentralised applications (DApps) and various DeFi protocols.
By providing liquidity to decentralised exchanges (DEXs) or participating in lending and borrowing platforms, users can earn fees or interest on their investments. However, it’s important to note that the returns may vary based on market conditions and the success of specific projects within the Cardano ecosystem.
Here’s How To Make $100 A Day With Solana
Solana is another blockchain platform gaining momentum due to its high scalability and low transaction fees. Similar to Cardano, Solana employs a PoS consensus mechanism that allows SOL holders to stake their tokens and earn rewards.
The staking returns on Solana have been notably higher compared to other projects, ranging from 8-10% annually. To achieve $100 per day in passive income through staking SOL, an investment of approximately $365,000 would be required, considering the current staking rewards and market conditions.
Solana’s thriving ecosystem also provides opportunities for passive income through DeFi protocols and non-fungible tokens (NFTs). Users can participate in lending and borrowing platforms, stake assets in yield farming programs, or even create and sell NFTs. These activities can generate income based on transaction fees, interest rates, or the value appreciation of unique digital assets. However, it’s essential to assess the risks associated with individual projects and exercise caution when participating in the DeFi and NFT sectors.
Here’s How You Can Earn $100 In USDT With $BEASTS
In 2023, a novel approach to generating passive income emerged, focusing on the upcoming presale of a meme coin named Caged Beasts. This particular cryptocurrency is still in its early developmental stages.
The presale event presents a significant opportunity for potential supporters to invest in Caged Beasts, as the tokens are being offered at discounted prices. Although it is not yet widely recognised, the $BEASTS token offers attractive rewards for investors.
Here’s the process: Let’s suppose you recommend Caged Beasts to a friend who is interested in entering the cryptocurrency space. As a holder of $BEASTS, you will receive a unique code. Your friend can utilise this code to obtain $BEASTS tokens.
Consequently, you will earn 20% of the deposited amount in USDT directly to your wallet, while your friend will receive an additional 20% worth of $BEASTS tokens. It is a straightforward and lucrative method for augmenting your income without requiring much effort.
Caged Beasts:
Website | Twitter | Telegram
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
