Cardano (ADA) and Solana (SOL) are two prominent cryptocurrencies that offer unique features and potential for passive income. Cardano utilizes a proof-of-stake consensus mechanism, allowing ADA holders to stake their tokens and earn rewards. By delegating or running a stake pool, individuals can receive a share of the block rewards. However, to earn $100 per day with Cardano, an investment of around $500,000 in ADA would be needed.
Solana, on the other hand, is gaining momentum due to its scalability and low transaction fees. Similar to Cardano, Solana also utilizes a proof-of-stake mechanism, allowing 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 earn $100 per day through staking SOL, an investment of around $365,000 would be required.
Both Cardano and Solana also offer opportunities for passive income through decentralized finance protocols and non-fungible tokens. Users can participate in lending and borrowing platforms, stake assets in yield farming programs, or even create and sell NFTs. However, it’s important to assess the risks associated with these activities and exercise caution.
In addition to Cardano and Solana, a new cryptocurrency called Caged Beasts (BEASTS) has emerged as a potential source of passive income. The upcoming presale of Caged Beasts presents an opportunity for investors to obtain tokens at discounted prices. By recommending Caged Beasts to others, holders of BEASTS tokens can earn 20% of the deposited amount in USDT directly to their wallets. This is a straightforward and lucrative method for augmenting income without much effort. However, it’s important to note that Caged Beasts is still in its early stages and carries its own risks.
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