Business
Earn While You Sleep! Earning Passive Income with Cardano, Solana, and Caged Beasts
Passive income is money you earn without investing too much time and effort. It usually requires some upfront work, but once established, you can pretty much earn money while you sleep. Affiliate marketing, dropshipping, and real estate investments are some popular ways to earn passive income, but did you know you can grow your investments with cryptocurrencies as well?
It’s true! Through the process of staking, yield farming, and participating in referral schemes, you, too, can rake in the big bucks without getting off your couch. In this article, we look at how you can earn passive income with Cardano, Solana, and Caged Beasts (BEASTS).
Cardano’s Staking System
Cardano (ADA) is a decentralised computing platform and cryptocurrency that has a unique approach to validating transactions while minimising energy consumption. It also offers a lucrative opportunity for investors to earn passive income through staking.
Staking refers to the process of validating crypto transactions on the blockchain network. Participants earn additional cryptocurrency by contributing to the network. To stake Cardano, users can create an account on reputable crypto exchanges, deposit ADA tokens, navigate to their staking page, select a staking duration, enter the desired amount to stake, and confirm the choice. Staking benefits include passive income and active participation in the network, but it’s important to consider the potential drawbacks, such as market volatility and selecting a reliable staking pool or exchange. Popular options for Cardano staking include Binance, Kraken, Crypto.com, CEX.IO, and KuCoin, as well as dedicated wallets like Yoroi and Daedalus.
Solana’s Staking System
Solana (SOL) is an open-source platform that utilises blockchain technology to offer decentralised finance (DeFi) solutions. It uses a proof-of-stake mechanism to secure transactions and has created a broad ecosystem of decentralised applications that are responsible for millions of dollars.
Staking SOL can be done through a crypto wallet. First, choose a secure wallet that supports SOL staking, like the official Solana Wallet or Exodus. Acquire SOL tokens by purchasing them on a crypto exchange or transferring them from another wallet. Transfer the SOL tokens to the staking wallet and delegate them to a validator through the staking section of the wallet, following the provided instructions. Once delegated, you can start earning staking rewards, typically paid out weekly. Keep in mind that specific personal information and minimum deposit requirements may apply, so be prepared to provide the necessary details and understand the staking process.
Caged Beasts’ Referral Program
Caged Beasts (BEASTS) is a fresh face in the meme coin world, which has adopted an attractive marketing tactic for its presale that is now live. Caged Beasts doesn’t offer a staking function but instead has a referral system.
Users generate a unique referral code which they can share with their family and friends. Once they use the code, the referrer receives a 20% deposit in ETH, BNB, or USDT directly into their wallet. The referral recipient will also receive an extra 20% in BEASTS tokens.
Earning passive income has become easier and less labour-intensive with the rise of cryptocurrencies. By staking Cardano and Solana, users can earn incentives by supporting the network. Caged Beasts offers a referral program that rewards users for spreading the word. Whichever method you decide to choose, you’re sure to generate income without extensive effort.
Learn more about Caged Beasts:
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter