Free Crypto in ETH with BEASTS Coin’s Referral Scheme
Cryptocurrency is an industry with many ways to make money. The main component of trading is passive income through stacking. But what if it’s not the only way? This article will examine how BEASTS Coin (BEASTS) is a revolutionary new cryptocurrency with its referral scheme that can land you free crypto in currencies like Ethereum if you play your cards right.
What is Beast’s Coin?
Rabbit 4001, the mastermind behind the BEASTS coin, envisions a future where community empowerment and decentralized governance supersede traditional human control. This ground-breaking cryptocurrency venture is designed to actively involve the community throughout its entire development journey, starting from the presale phase of unveiling fascinating creatures. Early investors are lured by the unique opportunity to observe and participate in the evolution of these organisms, from their nascent stages to full maturity, offering an attractive and intriguing incentive.
Although the exact growth indicators are yet to be revealed, the concept of Beasts Coin offers an attractive prospect for prospective investors. The coin’s departure from the traditional staking mechanism commonly found in other cryptocurrencies is particularly notable. Instead, it places a strong emphasis on fostering a dynamic and actively engaged society.
Here’s why Beasts Coin’s referral program is so great
BEASTS Coin Ecosystem empowers users to create their own unique referral codes. This remarkable feature gives code holders a 20% share of the invested amount (in ETH, BNB or USDT) directly to their wallet.
The innovative approach to the presale strategy adopted by BEASTS Coin aims to foster a sense of community and cooperation, as each investment made during the presale phase benefits others. Moreover, investors who leverage another user’s referral code will receive an additional 20% of BEASTS tokens. This establishes a mutually beneficial system where both participants in the referral program emerge as winners.
Now, let’s think about the possibilities of participating in this program. Imagine holding $BEASTS tokens and successfully convincing five people to join using your code. In such a case, you can earn $100 in ETH, BNB or USDT. These attractive rewards are easy to earn and require minimal effort to reap the benefits.
Can it replace staking?
Staking, a process where cryptocurrency holders lock their funds in a wallet to support the operations of a blockchain network, comes with its fair share of drawbacks. Although staking has gained popularity due to its potential to generate passive income and participate in network governance, it is important to consider the drawbacks associated with this practice.
A major disadvantage of staking is the risk of losing staked funds. When users engage in staking, they need to lock their tokens for a certain period of time. During this time, the value of staked tokens may fluctuate, and if the price drops significantly, users may experience losses when unlocking their funds. This market risk, especially in volatile cryptocurrency markets.
Another disadvantage is lack of liquidity. By placing tokens, users essentially tie up their assets, making them inaccessible for trading or other purposes. This liquidity can be problematic if users need to access their funds suddenly due to unforeseen circumstances or if they want to take advantage of a profitable trading opportunity. Staking can limit flexibility and restrict users’ ability to respond to changing market conditions.
Also, there is a possibility of technical problems and malfunctions. Stacking involves relying on sophisticated technology infrastructure and smart contracts. Users’ staked funds are vulnerable to theft or loss if there are flaws in the underlying technology or a security breach is experienced in the staking platform. Additionally, technical issues such as network congestion or downtime can disrupt the staking process, potentially leading to loss of rewards or penalties.
Finally, stacking can incur opportunity costs. While staking offers passive income in the form of rewards, returns are not guaranteed to be higher than other investment options. Users need to assess whether their funds outweigh the benefits that could be achieved by allocating their funds to alternative investments.
In conclusion, stacking presents several disadvantages that users should consider carefully. These include risk of losing funds, lack of liquidity, technical failures and opportunity costs. It is important for individuals to assess their risk tolerance, investment objectives and overall financial situation before engaging in stacking activities.