Once reserved for professionals in the crypto room, staking has become a common practice for all participants in the room. Today everyone has the opportunity to generate passive income with their crypto assets with just a few clicks, be it on a central exchange or DEX. Over the past two years, centralized exchanges like Binance and Coinbase have introduced staking to their users, compelling decentralized exchanges or DEXs to follow suit.

At the height of the DeFi boom in 2021, over $ 110 billion was tied up on decentralized platforms as staking became one of the most lucrative ways to earn passive income and enjoy returns on investment. On January 3, 2022, Ethereum 2.0 passed the $ 34 billion mark in total value, indicating a possible continuation of explosive growth this year. Despite the growth, many platforms were only offering their users staking rewards as the only viable passive income strategy. One DEX, Hashbon, wants to change that by adding a reward system that compliments staking with them – the Staking Referral Program.

Hashbon, one of the first cross-chain DEXs, announced last December that it was launching its own staking program “Hashbon Rocket” to give HASH holders the opportunity to earn the highest possible APY and APR among all available staking opportunities . In the middle of the month the “Hashbon Rocket Staking Referral Program” was started, which offers all HASH owners an additional source of income.

Hashbon DEX launches its staking referral program

After a wonderful reception from the staking program last month, Hashbon DEX expanded its earning potential through the first staking referral program of its kind. The Hashbon Staking Referral Program enables people to invite their friends and family to the platform and earn 10% of their friends’ staking earnings. According to a statement, any HASH staker can simply share their referral link with their friends and family and earn 10% of the rewards the referral makes while staking.

Hashbon offers users a fast, secure and inexpensive platform for exchanging tokens across multiple networks and thus supports newcomers on their way to decentralized financing (DeFi). In addition to staking and DEX, Hashbon also offers users a payment gateway that allows merchants to accept payments in over 30 cryptocurrencies with 0% commission. The latest referral program joins a variety of earnings programs on the platform, including serving as an arbitrator for Hashbon Rocket voting on the transactions.

Unlike other staking platforms, Hashbon offers both ERC20 and BEP20 token staking. Users can use their HASH tokens on Unifarm or the BSC chain to receive their rewards. The longer the staking period, the higher the APR. According to the company, anyone except US citizens can participate in the staking or referral programs. The platform’s smart contract and token code are checked by CertiK to protect them from tampering or hacks that could result in the 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 crypto staking. Since every project offers “high APR,” referral programs are extremely attractive to new users while also being the most effective way to generate leads for the projects. According to Forbes, referrals are the most efficient 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 surefire way to grow your community. According to Grigory Bibaev, CEO and Founder of Hashbon, referrals are key to growing the DEX, the staking program and the payment gateway. Ultimately, the platform aims to “satisfy the community’s desire for CeFi and DeFi” by bringing new rewarding opportunities to every user who joins the platform, Bibaev added.

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