Given the stellar performance of the crypto market over the past few years, it’s easy to see why experts see these digital assets as the future.
In a survey of global financial services industry executives, 76% of respondents said they see digital assets like cryptocurrencies emerging as strong alternatives to fiat currencies over the next decade. And why not? Considering the benefits of investing in these blockchain-powered assets, the benefits such as secure trading, privacy, and the elimination of third-party intrusion far outweigh the downsides. Any doubts pundits had about the legitimacy or practicality of cryptocurrencies were dispelled when these assets began generating unprecedented returns.
Given the stellar performances of cryptocurrencies over the past few years, it’s not hard to see why financial experts see these digital assets as the future. In a survey of global financial services industry executives, 76% of respondents said they see digital assets like cryptocurrencies emerging as strong alternatives to fiat currencies over the next decade. And why not? Considering the benefits of investing in these blockchain-powered assets, the benefits such as secure trading, privacy, and the elimination of third-party intrusion far outweigh the downsides. And any doubts pundits had about the legitimacy or practicality of cryptocurrencies were dispelled as these assets began to generate unprecedented returns.
Big Eyes Coin: A meme coin to facilitate seamless DeFi transitions
Big Eyes Coin was created with the motive of enabling more people to switch to the decentralized finance (DeFi) ecosystem for income and wealth generation by harnessing the potential of blockchain technology. It is a versatile community token that comes at a time when community tokens are becoming popular wealth generation tools for commercial and charitable organizations worldwide. Big Eyes Coin aims to build on this popularity and contribute to the development of the blockchain ecosystem by liberalizing access to investments in cryptocurrencies and non-fungible tokens (NFTs).
The platform launched its cryptocurrency called BIG, which can be used for a variety of transactional purposes such as staking, acquiring liquidity pools, paying fees, earning rewards, and NFT purchases, among others. Interested buyers can purchase the token in advance. The total supply of the token is capped at 200,000,000,000. Of this, 90% will be available for public presale – 20% via exchanges and 70% via public presale. The remaining 10% tokens would be split equally between charity and marketing activities to promote Big Eyes.
However, the platform charges a 10% tax on NFT sales and purchases. The tax revenue from NFT transactions would be distributed among BIG token holders, original sellers of the assets and charitable contributors. The platform will offer its users a dynamic control system in which they will be able to use automated features such as auto burn, liquidity pool acquisition and a marketing wallet. To increase its reach as a memecoin, Big Eyes will also work with social media influencers. Users can also look forward to purchasing official merchandise and getting involved in the platform’s fundraising activities.
At the heart of the Big Eyes platform is their commitment to removing barriers to DeFi adoption. Given how the DeFi space is still evolving, the ecosystem is still inaccessible to 99% of the world’s population. With features like Big Eyes Swap, back-end systems, and interactive tutorials, Big Eyes can help more people learn more about the blockchain ecosystem and its various use cases.
The meme coin is inspired by a cat, which was often thought to be cute and gentle because of its big eyes. The cat was later adopted by a pair of scientists who worked at NASA. While he learned a lot about space technology from them, they finally left him for a YouTube experiment on his own. Big Eyes was never one to stay still in one place, so he hitchhiked a yacht and decided to travel the world to find his purpose in life.
The voyage resulted in him being stranded at sea. Luckily, he was rescued by a humpback whale who took him to Japan. He traveled around Japan, learned about zazen and sushi, and during a meditation session, he realized that his cuteness wasn’t a weakness, but a strength that could lead him to make millions.
Avalanche partners with peer-to-peer lending platform Traverse
Avalanche is a smart contract platform that enables developers to cost-effectively build and deploy scalable and secure dApps. Its native token called AVAX can be used for staking, liquidity pool provisioning, token swapping and other similar transactional purposes.
The Avalanche Foundation also offers an incentive-based program to encourage the growth and adoption of Subnets, a premier scaling solution for dApps. With Avalanche, developers can seamlessly launch Ethereum-based dApps capable of processing thousands of transactions per second. Also, they can launch both public and private blockchains with custom features.
In a recent development, Avalanche announced integration with Traverse, a peer-to-peer lending platform that uses NFTs as collateral. It is built on the Avalanche blockchain and allows people to lend and borrow AVAX tokens while using their NFTs as collateral.
The platform bridges the gap between NFTs and investors through reciprocal and permissionless agreements. On Traverse, borrowers can set conditions such as the loan amount they need, the repayment price, and the repayment time. Meanwhile, lenders interested in lending their AVAX tokens can select borrowers that match their risk tolerance and interest rate expectations.
Algorand invests in Koinbax
Algorand is an institutional blockchain infrastructure for building scalable, secure and green decentralized functions. It launched its native token, ALGO, which can be used for transactional purposes such as staking, providing liquidity pools, and token swapping. Founded by Silvio Micali, the platform aims to remove technical barriers that limit the adoption of mainstream blockchain solutions. Over the years, it has given innovators the confidence and tools needed to make an impact worldwide. Compared to other blockchains, Algorand’s carbon footprint is much smaller and it is further trying to reduce it by collaborating with ClimateTrade.
Algorand recently announced its decision to invest in tokenization company Koibanx. The investment was part of a $22 million Series A round led by Algorand. The Latin American company reportedly plans to use the funds raised to expand its infrastructure in Central America and build payment rails. Other companies involved in the round included Innogen Capital, Kalonia Venture Partners, Borderless Capital and G2. Koinbax has stated that it also plans to launch a beta version of its low-code platform in December 2022. The new platform will enable developers to build next-generation financial solutions on blockchain. It will provide developers with special features such as integration with cryptocurrency exchanges and liquidity pools, as well as tokenization capabilities.
Final Thoughts
The three cryptocurrencies described above could potentially bring huge profits in the future if you can accumulate sufficient amounts at the right price. Use the dollar cost averaging method to build a high-growth portfolio over the medium to long term.
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.
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