The entry of cryptocurrencies into the financial services industry has marked a new chapter for its ecosystem that introduced the world to the benefits of decentralized finance (DeFi). Lacking third-party intermediaries and offering investors more control over the process of wealth generation, these blockchain-based solutions were simple, secure, and cost-effective.
Another factor that has played to their favor is the way they leveraged blockchain technology to pave the way for innovative products like meme coins, which are cryptocurrencies inspired by social media memes. Their popularity on social media determines their value.
At the same time, the new-age meme coins are enabling users to do more than just invest and are changing the way investors interact with decentralized finance through measures like incentivized participation.
If you are new to the concept of cryptocurrencies and are confused about your choices, an ideal strategy would be to research some of the top names like Big Eyes Coin (BIG), Avalanche (AVAX), and Flow (FLOW). Once you are satisfied with what you know, you can make a more informed decision. Here’s a look at some of their key features:
Big Eyes Coin: A Meme Coin With A Culture of Incentivized Participation
Big Eyes Coin is an upcoming meme coin being rolled out to catalyze the DeFi space by enabling more and more investors to switch to blockchain-based solutions for investment and wealth generation.
For this purpose, the Big Eyes Coin platform has been built as a self-propagating system where every element generates income and thrives. It has a native token, BIG, that can be used for staking, token swapping, and earning rewards, among other transactional purposes.
The token comes with an auto-burn feature that keeps its supply scarce and hence the value of the token stable. The platform is managed by a team of hard-working professionals with extensive experience in the DeFi industry. At the helm of the team is Top Cat or PawZilla, an ambitious professional with a knack for perfection. Tech Cat or CatNipper handles the technology vertical. The two Op Cats -TenPaws and CatSuit – look after the daily operations of the platform.
For everything related to the BIG Token, the team consults Hype Cat or Hypurrr. Meanwhile, the Law Cat or CatsEyes is the person to go to for any legal matter or issue related to the platform. The team works cohesively to provide users with the best experience and ensure that the platform drives impact.
The token’s total supply is limited to 200,000,000,000 units, and it is available on presale. The platform has decided to dedicate 90% of the tokens for presale –70% via public presale and 20% via exchanges. The remaining 10% tokens will be divided equally between Big Eyes Coin’s charitable donations and marketing activities.
Buying these tokens is extremely simple; buyers can even use their credit or debit cards to purchase them. The only thing is that they would first need to purchase ETH Tokens and use them to buy the platform’s native token.
At the same time, they will have to purchase at least $15 worth of ETH tokens, so that they can purchase the minimum quantum of BIG Tokens that is permissible by the platform. Alternatively, people can use the ETH and USDT Tokens to purchase these tokens.
In the first step, users need to download MetaMask or any other digital wallet compatible with WalletConnect, a tool to connect mobile phones and dApps. MetaMask is recommended for those using desktops and Trust Wallet for those using mobile phones. Next, they will have to select their preferred payment option and pay. The purchased tokens will be made available to them once the presale ends on the claims page.
Let’s talk about the platform’s non-fungible tokens (NFT) mechanism. From the looks of it, users can expect a robust trading marketplace that gives them ample opportunities to earn. The platform will organize NFT events throughout the year, and any profits it earns from these events will be put to a vote to decide if the tokens should be burned.
This feature would make the supply of the token scarce and minimize price fluctuations. It will also push the NFT series trading on its marketplace to the Top 10. Given that the platform has a policy of incentivized participation, it will reward users with NFTs and BIG tokens.
Users should know that the platform would levy a 10% tax on all NFT transactions. The tax proceeds would be divided among the token holders (5%), the original sellers of NFTs (4%), and Big Eyes Coin’s charitable donations (1%). Users can track all charitable donations made by the platform via its charity wallet, which all community members can access.
> Know More About Big Eyes Project & Presale Here <<
Twitter page: https://twitter.com/BigEyesCoin
Instagram Page: https://www.instagram.com/BigEyesCoin/
Crypto Analyst Predicts “Serious” Price Rally For Avalanche
Avalanche is a programmable smart contracts platform for building scalable and high-performance dApps. It has a native token called AVAX and can be used for multiple transactional purposes like staking, token swapping, and voting on the platform. Its high speed, cost advantage, and niche features make it an ideal solution for building decentralized apps and systems.
The platform conducts a special incentive-based program to boost the adoption of its scaling solution subnets and invites developers to unleash their creativity while leveraging the tool’s power. These features can enable developers to launch customized Ethereum-friendly blockchains with minimal hardware. Plus, they can be public or private blockchain systems. Being interoperable, virtual machines built on Avalanche can launch a slew of application-specific features.
Recently, cryptocurrency analyst Michaël van de Poppe predicted that altcoins like Avalanche might be on their way to price correction and even a price rally if they recovered their moving average. In a Twitter post, Poppe claimed that Avalanche price and several altcoins had dipped below its 50-day moving average. He claimed that if Avalanche recovered the difference, it might trigger a “serious” rally in AVAX prices.
Flow To Be Part of Metapier’s Token Bridge
Flow is a platform that is the brainchild of the team that launched Cryptokitties and offers developers a range of Web 3.0 tools to build highly scalable decentralized solutions and dApps. It has rolled out a native token too. The FLOW Token can be used for any transactional obligation like staking and token swapping on the platform.
Built on the proof-of-stake consensus protocol, Flow sports a multi-node architecture. It is also an eco-friendly platform. Flow roped in Deloitte Canada to measure the quantum of energy consumed by its network, and the results were surprising. According to the consultancy’s findings, if one mints an NFT on Flow, it would require less energy than consumed while uploading an Instagram post.
Recently, Flow announced that it would be teaming up with Metapier and Celer Network – the two blockchain platforms partnered. As part of the project, users will be able to bridge WBTC, USDC, and WETH from Ethereum to Flow. The token bridge will enable them to trade easily on Metapier Flow’s brand-new cryptocurrency exchange platform.
The world of DeFi is a maze that holds many surprises with every new turn. Supported by advancements in blockchain technology, cryptocurrencies are taking DeFi solutions to more people, but a lot still needs to be done.
Digital assets like Big Eyes Coin, Avalanche, and Flow can help bridge this gap in access to DeFi solutions with their niche features. Take the example of Big Eyes Coin. It has a cutting-edge back-end system and resources like explainers and in-depth tutorials to educate more people about the potential of blockchain and DeFi.
Infostor has no affiliation or relationship with any projects or events unless explicitly stated otherwise. None of the information you read on Infostor should be taken as investment advice.
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