Understanding how to make crypto passive income work for you is an important part of succeeding in cryptocurrency. Caged Beasts (BEASTS) has presented a novel referral program feature that has the potential to grow its platform, increase an individual’s earnings, and rival meme coin peers Shiba Inu (SHIB) and Dogecoin (DOGE).

The Caged Beasts presale has set itself apart from others with its innovative approach and focus on the community. As the presale progresses, the caged beasts will evolve from infancy to powerful creatures. To take advantage of this, users can generate their own referral code. This code can be used when someone makes a purchase, and the user then receives 20% of the deposited amount (in ETH, BNB, or USDT) directly into their wallet.

This two-way incentive system is beneficial for both the user and the platform. For example, if five people join the platform using a user’s code, the user could theoretically earn $100 in ETH, BNB, or USDT.

Passive income in cryptocurrency typically involves generating continual earnings without actively engaging in daily trading activities. Staking involves securely holding and locking cryptocurrencies in a compatible wallet to support the network’s operations and ensure its security. In return, stakers receive additional cryptocurrencies as a reward. Another option is referral programs, whereby users earn income by referring new members to a platform.

The big measure for any new meme coin is if it can catch up to the two largest meme coins – Dogecoin and Shiba Inu. Both of which are in the top twenty of cryptocurrencies in the market and have thriving ecosystems with dedicated communities. Caged Beasts’ referral programme allows it to expand organically during its presale, increasing the likelihood of better funding to improve its ecosystem. While it is unlikely to overtake the meme coin giants immediately, Caged Beasts is laying the groundwork to give itself the best chance of succeeding.