From its inception, cryptocurrency was created as the ‘people’s currency’, establishing decentralised finance (DeFi) where we have full ownership of our money, stored on our devices and with no third-party overseers such as banks monitoring or creating the money—it’s the crypto communities that distribute and govern the currency.
Still, not all cryptocurrencies harbour the qualities we expect from DeFi, and if the cryptocurrency doesn’t cater to the community’s needs, then the crypto falls apart, its why critics believe Dogecoin (DOGE) is struggling to reach its $1 price target due to the lack of community incentives to reach a self-sustaining economy fuelled by community involvement.
Avalanche, Toncoin and Caged Beasts are the cryptos achieving self-sustaining economies with enticing Web 3.0 ecosystems and passive income opportunities—but which crypto is the most fun and lucrative of the bunch?
Toncoin: The Crypto For Staking, Gaming, Collectibles And More
Toncoin (TON) is the native cryptocurrency of the TON network, offering a vibrant ecosystem that caters to various community needs. Toncoin serves as the fuel for network operations, transactions, and activities such as gaming and collectables built on the TON blockchain.
One of the notable aspects of Toncoin is its staking functionality, allowing users to earn passive income by participating in network security. Validators stake their Toncoin to maintain the blockchain, ensuring its stability and security. This incentivises community members to actively engage in securing the network while earning rewards for their contributions.
Additionally, Toncoin finds utility as a processing fee for transactions and smart contracts, as well as in payment services provided by apps built on the TON platform. Furthermore, Toncoin plays an integral role in TON’s on-chain governance program, enabling community participation in decision-making processes.
Earn Passive Income With Avalanche’s Rich Ecosystem
Avalanche (AVAX) is a layer one blockchain that aims to compete with established players like Ethereum, Cardano, and Solana. With its unique architecture and high transaction output, Avalanche offers an enticing ecosystem for community members to earn passive income.
Through the DeFi exchange platform Trader Joe, built on Avalanche, users can stake their crypto assets and receive JOE tokens as rewards. This passive income opportunity has attracted many community members looking to capitalise on Avalanche’s attractive staking payouts. Compared to its competitors, Avalanche offers higher staking rewards, with AVAX averaging an 8.55% yearly payout compared to SOL’s 5.5%.
Trader Joe’s integration with Avalanche’s ecosystem provides community members with seamless access to decentralised finance, allowing them to participate in yield farming, liquidity provision, and other DeFi activities. This vibrant ecosystem not only facilitates passive income generation but also promotes community engagement and participation.
Caged Beasts Unmatched Community Incentives in Crypto
This new meme coin that’s recently entered its presale phase has been quickly assembling a community thanks to its ingenious marketing method that also functions as a self-sustaining economy strategy for the crypto’s development. This community-driven approach is the BEASTS referral scheme, where every BEASTS owner can generate a referral code and make a substantial 20% commission in USDT, Ethereum or BNB from each person’s BEASTS purchase using their referral code. Even the purchaser using the code benefits with a 20% BEASTS bonus.
Beyond the allure of financial incentives, the Caged Beasts community has developed a sentimental connection to the cause. The concept behind Caged Beasts revolves around the story of Dr. Jekyll, who established a bio-lab to create mutated animals with heightened intelligence and power. These creatures, known as “Caged Beasts,” are intended to overthrow oppressive centralisation orchestrated by humans. The responsibility to set them free falls upon us—the supporters of this movement. By actively participating in the Caged Beasts community, individuals play a pivotal role in advancing the overarching narrative.
In the ongoing pre-sale, the caged beasts undergo mutations, enhancing their strength through the integration of cybernetics and weaponry. This progression symbolises the growth and evolution of the cryptocurrency itself. All aspects of the project contribute to the overarching narrative that “the caged beasts will save the world.” This captivating storyline and links to oppressive animal cruelty further deepens the emotional connection within the community and strengthens the collective mission.
Embracing Community Empowerment in Crypto
The success of cryptocurrencies heavily relies on community involvement and incentives that foster a self-sustaining economy. Avalanche, Toncoin, and Caged Beasts demonstrate the power of community-driven initiatives within the crypto space.
Toncoin offers a versatile ecosystem that caters to various community needs, including staking, gaming, collectables, and more. Avalanche’s rich ecosystem, exemplified by Trader Joe, provides community members with opportunities for passive income generation. Meanwhile, Caged Beasts stands out with its unique marketing strategy and community incentives, creating an emotional connection that drives engagement and growth.
Caged Beasts
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
