How to earn $100 a day with Ethereum, Tron, and Caged Beasts
Have you heard of the concept of ‘passive income’? It refers to the earnings generated from assets or investments that require minimal effort or time to maintain. Running a side hustle or doing affiliate marketing can be great ways to earn a little extra dough every month. But did you know you can earn passive income with cryptocurrencies too?
It’s true! You don’t need to be an active investor to make money from crypto. You can either ‘stake’ your tokens or take part in a crypto project’s referral program, like Caged Beasts!
What is staking?
Staking crypto refers to the process of locking your crypto tokens in a digital wallet or smart contract. The locking mechanism demonstrates your commitment to the network and you may receive rewards in the form of additional tokens in return for staking. All Proof-of-Stake blockchains’ native tokens can be staked for certain APRs.
How to stake Ethereum (ETH)
Ever since Ethereum (ETH) switched from proof-of-work (PoW) to proof-of-stake (PoS), individuals have had the opportunity to earn passive income by staking ETH. Staking Ethereum can be done via a crypto exchange or wallet.
To stake on an exchange like Binance, the process involves signing up for an account, purchasing ETH, transferring it to the exchange’s staking program, selecting staking options such as the amount and duration, and finally, starting the staking process to earn rewards.
For wallet staking via platforms like Guarda, users need to choose a compatible wallet, transfer ETH to it, navigate to the staking section, and follow the instructions provided by the wallet to stake their ETH.
How to stake Tron (TRX)
Tron (TRX), a layer-1 network, empowers users to freely create and share information through blockchain technology. Utilising the TRX token for gas fees, Tron enables trading, staking, delegating, fee payments, and governance votes within its network, the blockchain is becoming increasingly popular among both users and developers.
To stake TRX, you need a Tron compatible wallet like Trust Wallet which offers staking functionality. After depositing your TRX tokens into the wallet, visit the Tron staking portal. It’s advisable to choose verified validators marked with a blue tick. In the staking interface, click on your TRX tokens, then ‘Stake’ to proceed. Choose a validator from the drop-down menu, selecting one with a blue tick. If a verified provider doesn’t appear, check the Tron profile page for options.
Next, enter the amount of TRX you want to stake, click ‘Next’, and then ‘Confirm’ to finalise the transaction. Ensure you leave at least 1 TRON for gas fees. Congratulations! You’ve successfully staked your TRX tokens and are ready to earn staking rewards.
Beyond staking: How to earn with Caged Beasts’ (BEASTS) referral program
If the staking process sounds too complicated, how about taking part in a simple referral program? Caged Beasts (BEASTS) is an upcoming sci-fi decentralised meme token with a community-focused approach. Unlike other crypto projects, it does not have a staking function. Its passive income potential is through its referral system only.
Users can generate a referral code, and if somebody with the code buys $BEASTS, the code owner gets an instant 20% deposit to their wallet. That is 20% of the purchase they made, in ETH, BNB or USDT, straight to their wallet! The code user will also receive 20% more BEASTS tokens – everyone wins.
Caged Beasts’ revolutionary new presale tactic is sure to bring in new investors in droves. The presale launches on June the 14th so get in early and register your email on the website.
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