How projects are revolutionizing crypto staking through referral programs

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Once reserved for the pros of the crypto space, staking has become a common practice among all participants of the space. Today, everyone has the opportunity to earn passive income on their crypto assets with just a few clicks, whether it’s on a centralized exchange or DEX. Over the past two years, centralized exchanges such as Binance and Coinbase have introduced staking for their users, forcing decentralized exchanges, or DEX, to follow suit.

At the height of the DeFi boom in 2021, more than $ 110 billion in value was stranded on decentralized platforms, with staking becoming one of the most lucrative ways to earn passive income and enjoy returns on investment. On January 3, 2022, Ethereum 2.0 broke the $ 34 billion mark in total stake value, showing a possible continuation of explosive growth this year. Despite the growth, many platforms only offered wagering rewards as the only viable passive income strategy for their users. One DEX, Hashbon, aims to change that by adding a reward system that complements staking with them – the Staking Referral Program.

Hashbon, one of the first cross-chain DEXs, announced the launch of its own staking program, “Hashbon Rocket,” last December to give HASH holders the opportunity to earn the highest possible APYs and APRs among. all available staking opportunities. In the middle of the month, the ‘Hashbon Rocket Staking Referral Program’ was launched, providing all HASH holders with an additional source of income.

Hashbon DEX launches its sponsorship staking program

After a wonderful welcome to the Staking Program over the past month, Hashbon DEX has extended its earning possibilities with the unique Staking Referral Program. The Hashbon Staking Referral Program allows people to invite their friends and family to the platform and earn 10% of their friends’ staking income. According to a statement, every HASH bettor can simply share their referral link with friends and family and earn 10% of the rewards the referral generates during staking.

Hashbon provides users with a fast, secure, and inexpensive platform to trade tokens across multiple networks, helping newbies on their journey to Decentralized Finance (DeFi). Along with staking and DEX, Hashbon also offers users a payment gateway that will allow merchants to accept payments in over 30 cryptocurrencies with 0% commission. The latest referral program joins a host of earning programs on the platform, most notably as an arbiter for Hashbon Rocket, who votes for trades.

Unlike other staking platforms, Hashbon offers both ERC20 and BEP20 token staking. Users can wager their HASH tokens on Unifarm or the BSC channel to receive their rewards. The longer the staking period, the higher the APR. According to the company statement, any user excluding US citizens can participate in the staking or referral programs. The smart contract and the platform token code are audited by CertiK to protect them from manipulation or hacking, which could result in loss of user funds.

Why referrals should be a thing in crypto staking programs

As explained above, referrals appear to be the next big breakthrough in the crypto staking space. With each project offering “high APRs,” referral programs provide exceptional appeal to new users, while being the most effective way to generate leads for projects. According to Forbes, referrals are the most effective marketing and sales tactic that generates the highest ROI.

As the field of crypto staking grows day by day, rewarding users with referral bonuses could be a sure way to grow your community. According to Grigory Bibaev, CEO and Founder of Hashbon, referrals are critical to the growth of DEX, the staking program, and the payment gateway. Finally, the platform aims to “satisfy the envy of CeFi and DeFi of the community” by providing rewarding new opportunities for every user joining the platform, added Bibaev.

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