Crypto has had a remarkable few years. The bull run of 2020-21 has given way to broader macroeconomic turmoil and a crypto winter.
As the world slowly emerged from the shadows of a global pandemic that brought down many businesses, cryptocurrencies offer an opportunity to hedge against inflation as the utility behind the protocols is viewed by many as grossly undervalued.
With various advantages such as privacy protection, less interference from third-party institutions, and secure trading experiences, these blockchain-based assets have attracted more investors with their distinctive edge over traditional investment options. Aside from utility projects, investors also have an opportunity to invest in other blockchain-based assets such as:
If you’re unsure whether to invest in regular cryptocurrency or a meme coin, you can start looking up some of the leading names like Big Eyes Coin (BIG), Polkadot (DOT), and Elrond (EGLD). Once you’re done researching, you can make an informed decision.
Big Eyes: A meme coin set to shape the future of DeFi
Big Eyes Coin, a community token, is a meme coin designed to accelerate the shift to a decentralized finance (DeFi) ecosystem and allow investors to capitalize on the wealth generation potential of blockchain technology. The launch of the Big Eyes platform coincides with the rising popularity of community tokens for generating passive income. Big Eyes also has a native token called BIG that can be used for a variety of transactional purposes including staking, yield farming, providing liquidity pools, earning rewards, and other similar use cases. At the heart of the platform is the goal of building a self-propagating system where every element can thrive and generate wealth.
The brains behind the platform are a team of talented cats who work 24/7 to ensure the platform runs smoothly. The team is led by Top Cat and the technical side of the business is handled by Tech Cat or CatNipper. Hype Cat or Hypepurrr take care of issues related to BIG Token while TenPaws and CatSuit are the Op Cats that take care of day to day operations. Meanwhile, all the legal troubles end up on the Law Cat of CatsEyes’ plate.
The total supply of the BIG token is 200,000,000,000 units. 90% of the total supply is allocated to pre-sales – via public pre-sales (70%) and exchanges (20%). The remaining 10% is split equally between marketing and promotional activities and charitable donations. Those interested in purchasing the BIG token can do so through their debit or credit card. You can even use the Ethereum card, ETH token or Tether token (USDT) to make the purchase. The process of buying these tokens is also extremely simple.
The first step requires users to download a MetaMask wallet or any other digital wallet compatible with Connect Wallet. If you use a desktop browser to buy BIG tokens, the Big Eyes team recommends the MetaMask wallet. For those opting for the mobile browser, the team recommends the Trust Wallet as it can seamlessly connect a user through its built-in browser.
In the second step, once their preferred wallet has been activated, users need to click on the “Connect Wallet” tab and then select their payment method and make the payment. If you’re using a mobile wallet app, you’ll need to opt-in for the “Wallet Connect” option. Debit and credit card users must first purchase ETH tokens and add them to their wallets. The ETH tokens are then used to buy BIG tokens. The team suggests that buyers buy at least $15 worth of ETH tokens to cover the minimum amount of BIG tokens that can be bought.
The token also has an auto-burn feature that periodically destroys tokens to keep their supply low. A limited supply of native tokens ensures their value remains stable and there is minimal price volatility.
A distinctive feature of the platform is its dynamic tax structure, which makes it possible to take into account fees for services such as the auto-burn function, the acquisition of liquidity pools and the maintenance of the marketing wallet. Also, no taxes are levied on the sale or purchase of BIG tokens. At the same time, the platform charges a 10% tax on the sale and purchase of NFTs. Tax revenue is split between the original sellers of the assets (4%), token holders (5%) and BIG Eyes charitable donations (1%). All donations made by the platform are visible to users through the charity exchange.
The token’s name is inspired by a cat named Big Eyes, who has always been described as cute or gentle because of her big eyes. A tragic turn of events left him on his own at just three years old. What later followed was a journey of self-discovery during which he spent time on sea voyages, learned the art of sushi, meditated, and practiced zazen and yoga. It took some time, but he later realized that he could use his cuteness to his strength and make millions instead, all thanks to the popularity of memes. And the rest, as they say, is history.
Polkadot’s DOT token will be available on Binance in the US
Polkadot is a decentralized platform that combines and secures a network of specialized blockchain systems called parachains. The great advantage of parachains is that the provided dApps and the services offered on them can communicate across blockchain systems. The communication paves the way for an unprecedented level of interoperability. Parachains offer developers a number of advantages as they are built on top of Layer 1 protocols, which represent a major advance over older networks. With their specialization and interconnectivity, they can create a diverse ecosystem of communities, independent platforms and economies while improving the way they connect online. By leveraging on-chain treasuries, parachains can help decentralized platforms create a financial agency that was once limited to only government-backed institutions. You can also leverage Polkadot’s built-in system of governance or create your own system, whichever best suits a platform’s needs.
Polkadot launched its native token, DOT, which can be used for staking, token exchange, earning rewards, and other similar transactional purposes. Additionally, this interoperability ensures the seamless transfer of any type of asset or data on the blockchains that make up the Polkadot network.
In a recent development, Polkadot announced that its DOT token will also be available for staking on Binance and its platforms in the US. By staking the DOT token on Binance’s blockchain system, users can look forward to weekly payouts and up to 15% annual percentage return (APY). Also, they can withdraw anytime they want.
Elrond’s number of registered accounts reaches 178 million
Elrond is a blockchain-based platform for building scalable and secure dApps and solutions to power the internet economy and enterprise use cases. The decentralized platform has a native token called EGLD, which comes in handy for transactional purposes such as paying fees, staking, and token swapping, among others.
With its adaptive state sharding, Elrond dApps are massively scalable as the feature has the potential to improve throughput by almost 1000x compared to other blockchain iterations. This is made possible by parallel transaction processing. Also, since it is based on the Proof-of-Stake protocol, developers can look forward to distributed fairness and long-term security. Finally, it is a developer-friendly platform with an integrated WASM virtual machine, compatible with virtual machines based on multiple blockchain systems.
On August 15, 2022, Elrond passed a new milestone with the registration of 178 million accounts. The number of transactions processed by the platform also surpassed 54.73 million, and the amount of EGLD tokens staked on the platform reached the 13.33 million mark during the 24-hour period.
Pre sales: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: The information contained herein is provided without regard to your personal circumstances and therefore should not be construed as financial advice, investment recommendation or an offer or solicitation to engage in transactions in cryptocurrencies.
Subscribe to our newsletter and
Be the first to know!
Thousands of subscribers are already receiving their news
fresh, FREE and delivered straight to your inbox.
THE BEST WRITERS, THE HOTTEST STORIES, ONCE A WEEK
We value your privacy, your email address is safe with us.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.