In the world of cryptocurrencies, making passive income has become a sought-after goal for many investors. Staking cryptocurrencies, such as Cosmos (ATOM) and Polkadot (DOT), have gained popularity due to their potential for yielding attractive returns. However, Caged Beasts (BEASTS), a groundbreaking crypto project, introduces a unique referral scheme that goes beyond traditional staking. This comparative article analyses the similarities and differences between the BEASTS referral scheme and staking ATOM and DOT, exploring why the referral program serves as a superior community builder.
Caged Beasts: Building the Community from the Ground Up
Caged Beasts (BEASTS) operates as a cryptocurrency that combines elements of gaming and community engagement. Its innovative approach aims to captivate users and create a strong and active community. By leveraging the power of referrals, BEASTS provides an opportunity for users to earn passive income while simultaneously expanding the project’s reach.
The BEASTS referral scheme allows users to invite others to join the platform. Each successful referral grants both the referrer and the new user a percentage of the initial investment made by the referred user. This encourages community members to proactively promote and engage with the project, nurturing a self-sustaining ecosystem that benefits all participants.
When users refer others to join BEASTS, they receive a 20% in USDT of the initial investment made by the referred users, while the referred users receive a 20% bonus on their investment in BEASTS tokens. The referral scheme effectively motivates users to actively engage in community growth, resulting in a robust and lively ecosystem.
Cosmos and Polkadot: Traditional Staking
Cosmos (ATOM) and Polkadot (DOT) are well-established cryptocurrencies with robust staking mechanisms. Staking involves holding a certain amount of these cryptocurrencies in a designated wallet to support the network’s operations. In return, participants receive rewards in the form of additional coins.
ATOM and DOT employ a Proof of Stake consensus mechanism, which allows users to stake their tokens and participate in block validation. By staking, users contribute to network security and consensus, earning staking rewards in proportion to their stake.
To stake ATOM or DOT, users lock their tokens in a staking wallet for a specific period. The longer the staking duration, the higher the potential rewards. The staked tokens help secure the network, and participants earn a share of the newly minted coins for their contribution. Staking ATOM and DOT can be a reliable way to generate passive income and support the underlying blockchain ecosystems.
Caged Beasts Referral Scheme: A Better Community Builder
While staking Cosmos (ATOM) and Polkadot (DOT) offer opportunities for passive income, the Caged Beasts (BEASTS) referral scheme stands out as a more effective community builder. Here’s why:
- Incentivized Growth: The referral scheme of BEASTS creates a powerful incentive for users to actively promote the platform and refer others. This organic growth mechanism cultivates an engaged community focused on expanding the project’s reach.
- Shared Rewards: Unlike traditional staking, where rewards are solely based on an individual’s stake, the BEASTS referral scheme distributes rewards both to the referrer and the referred users. This fosters collaboration and encourages users to support and uplift one another, forging a stronger sense of community.
- Captivating the Community: BEASTS’ unique fusion of gaming and cryptocurrency appeals to a broader audience. The project’s creative side provides a captivating experience, attracting users beyond the traditional crypto community. This diverse community contributes to the project’s longevity and sustainability.
In the world of crypto investments and meme coins with utility, Caged Beasts (BEASTS) emerges as a promising project that aims to captivate its community while providing opportunities for passive income. By comparing the BEASTS referral scheme to staking Cosmos (ATOM) and Polkadot (DOT), we can see how the referral program serves as a superior community builder. Through incentivized growth, shared rewards, and a captivating experience, BEASTS cultivates a vibrant and supportive ecosystem that sets it apart from traditional staking.