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
Business
Bank Supports Female Entrepreneurs With Grants
Kolomoni Microfinance Bank has awarded grants to five female entrepreneurs to boost their businesses as part of its commitment to promoting women in business.
The initiative, organized to mark International Women’s Day, was themed “Accelerate Her Growth.”
According to the bank, the decision to support women was inspired by World Bank data, which shows that 41 percent of Nigeria’s micro-businesses are owned by women.
Delivering the keynote address, business strategist, Ebun Akinwale, emphasized that entrepreneurship requires resilience, creativity, and passion.
She illustrated this by recounting her own business challenges and highlighting the critical role passion plays in overcoming obstacles.
The event underscored Kolomoni’s mission to empower women and support small businesses in Nigeria.
Other speakers at the occasion were Odunayo Oyebolu, a seasoned entrepreneur; Victori Ajiboye, a marketing strategist with global experience; and Simi Ojumu, a finance expert.
The beneficiaries said the financial support was a validation of their hard work and a boost of confidence towards scaling through in their businesses.
The winners were selected after sharing their entrepreneurial journeys and presenting business proposals for financial assistance from the bank.
Business
Nigerian SME Awards: Providus, Access, Others Compete For Honor
The 8th edition of the Nigeria Small and Medium Enterprises (SMEs) Summit and Awards (Nigeria SMEAwards) is set to take place in Lagos for the first time in its history, marking a significant milestone for this prestigious event.
Endorsed by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the annual awards celebrate the entrepreneurial spirit driving Nigeria’s economy.
The visionary convener of NigeriaSMEAwards 2025, Adedayo Olalekan, said, “Governors from Zamfara, Sokoto, Ebonyi, Borno, Enugu, Ekiti, Benue, and Kaduna States have all implemented transformative initiatives that have greatly benefitted local enterprises.
“Their contributions will serve as a beacon of inspiration for the nation.”
Speaking at a recent press conference in Lagos, Olalekan emphasised that the event would introduce a fresh and unique approach, moving away from tradition.
“Despite economic challenges, Nigerians continue to show an unwavering commitment to progress”, he said.
He noted that the awards will not only honor outstanding individuals, but also recognise the critical role state governments play in nurturing vibrant SMEs.
“State governments have been instrumental in fostering a supportive environment for SMEs, which in turn benefits both the awardees and the larger economy.
“With major banks like Providus, Access, and First Banks competing for top honors, the 8th NigeriaSMEAwards promises to be a night of celebration, recognising exceptional contributions to Nigeria’s SME landscape”, Olalekan added.
Amid global challenges such as inflation, geopolitical instability, and the ongoing conflict in Ukraine, Nigerians continue to show remarkable resilience.
Their efforts, according to reports, have contributed to job creation, economic growth, and overall prosperity, with SMEs at the forefront of this success.
This year’s awards will recognise governors who have made significant strides in advancing the SME sector within their states.
Business
SMEs Experts Urge MSMEs To Remain Focused
Small and Medium Enterprises (SMEs) consultants in Rivers State have called on entrepreneurs to be focused and avoid distractions.
The experts, who were speaking on the recent developments about the change of leadership in the state, said entrepreneurs need to put more efforts in their businesses in order to break even in the present situation in Rivers State.
Speaking in a chat with The Tide, an international SMEs consultant, Amb. Larry Goodwill Ajiola, said the political moves is capable of distracting SMEs who are not grounded in their businesses, adding that “the serious minded business men and women would utilise the opportunity to increase their revenues”.
Amb Ajiola, who is the President and Chief Executive Officer (CEO) of Rumuomasi Co-operative and Credit Society Limited, Port Harcourt, said, “Rugged entrepreneurs look out for business opportunities in situations around them, whether good or bad”.
He reiterated that the loan facility given to 3,000 SMEs in the state revived and expanded businesses, adding that the empowered businesses should continue to push, no matter the situation.
“credit is a powerful tool for achieving financial security.
“We can only keep imagin the economic value that the over 3,000 MSMEs would add to the positive economic dynamics of Rivers State and the Local Government Areas in terms of Gross Domestic Prooduct (GDP), increased tax returns, employment creation, income distribution, and production of goods and services”, he said.
Another SMEs Expert, a business consultant and SMEs trainer, Mr. Chisom Sam-Orji, in his advice, noted that every SME in the state should realize that change is the only constant thing.
He said SMEs should also know that “tough times never last, but tough people do”, adding the need for every entrepreneur to stay focused on creating value and remain resilient.
“This is not the time to be distracted by every noise around your space, but to maximize every time you have to focus on the essentials and keep creating value.
“For some people, it may just be the time to diversify, create new products and services to serve a new or existing market. But this must be based on the facts available to you via research and market surveys”, he said.
The SMEs expert also said the present time in the life of an entrepreneur is a time to cut off unnecessary excesses that surround one’s business.
“Those extra costs that may hamper your growth in this season and beyond, and focus on just essentials.
“SMEs should find certain leverages that are available to aid their business growth. This could be in form of grants, knowledge, and other leverage tools.
“Collaboration is one big way to grow in this season. Finding ways to collaborate with like minds instead of competing could enable a product or service gain advantage in the market and beyond.
“They should also find ways to sustain and grow their customer relationship as this is key to sustaining business flow. They must seek new and efficient ways to serve their customers and gain their loyalty”, he stated.
He further called on every entrepreneur to keep building capacity and never take their eyes off their visions, adding the need to muster every courage it takes to keep building and moving forward.
Lilian Peters