Looking back over the past few years, cryptocurrencies are arguably one of the biggest agents of change that the global financial services industry has seen. Initially considered to be too risky for an average investor, these blockchain-powered assets have unleashed a host of options for investors that give them an edge over traditional instruments of finance.
Cryptocurrencies eliminate third-party intervention from institutions like banks and brokerage firms, so your investments are safe from random charges. Besides, with data privacy and transparent frameworks, users can enjoy secure trading experiences. And lastly, as the sustained rally in cryptocurrency prices has shown, these assets have a lot of potential that the world is just waking up to. Moreover, there is a lot to choose from — be it your regular cryptocurrencies, non-fungible tokens, or meme coins.
However, if you are a rookie investor who can’t figure out whether to invest in a cryptocurrency token or a meme coin, an ideal strategy would be to start with research. You can research some of the leading names like Ethereum (ETH) and Hedera (HBAR), as well as a promising new contender, Big Eyes Coin (BIG), before making your decision.
Big Eyes Coin: Accelerating adoption of DeFi solutions for wealth generation
Big Eyes Coin is a blockchain-based platform that enables its users to switch to Decentralised Finance (DeFi) solutions for income generation. It also has a native token, BIG, that can be used for staking, liquidity pool provisioning and earning rewards, and other similar transactional purposes.
The total supply of the BIG Token is 200,000,000,000 units and interested buyers will be able to purchase it on presale. There will be no taxes levied on the purchase or sale of these tokens. Also, 90% of the tokens will be reserved for presale – 70% for public presale, and 20% via exchanges. The remaining 10% is divided equally between the marketing wallet and 5% for charitable purposes. The platform, however, does levy a 10% tax on NFT trading. Of the tax proceeds, 4% will be distributed among original sellers, 5% among BIG Token holders and the remaining 1% will be dedicated to charitable causes.
A distinct feature of the BIG Token is that it has an auto burn function wherein the tokens are burned regularly. The process ensures that the supply of the token stays scarce and there are minimal price fluctuations.
Big Eyes Coin has a dynamic tax structure in place that facilitates changes so that charges for services like usage of marketing wallet, liquidity pool acquisition, and auto-burn functions can be accommodated. Also, users interested in purchasing the BIG Token do not have to pay for such transactions. For NFT trading, Big Eyes Coin will undertake all efforts possible to push its NFTs to the global Top 10 list. Moreover, it will organise NFT events regularly and any profits from such events will first be put to a burn-or-not-to-burn vote.
The Big Eyes team is led by TopCat or PawZilla who has an unmatched ambition and the technical side of the platform is handled by TechCat or CatNipper. All issues related to the Big Token are looked after by HypeCat or Hypurrr. Meanwhile, CatSuits and TenPaws look after the daily operations and LawCat or CatsEyes ensures that the platform doesn’t run into any legal trouble.
Big Eyes Coin will be dedicating a certain portion of its finances and token supply to marketing activities. These activities will include partnerships with social media influencers to ramp up the platform’s reach. The Big Eyes Coin team will be leveraging its community’s expertise and innovation to spread the word about the platform.
Under its efforts to liberalise access to DeFi, Big Eyes will make learning about the protocols easier and simpler with its features like Big Eyes Swap. Moreover, users will be able to learn all about decentralised finance with in-depth tutorials, interactive guides, and nuanced backend systems of the platform. There will also be official Big Eyes Coin merchandise on offer for users interested in buying them.
Ethereum Network’s Ether outperforms Bitcoin after bottoming out in June
Ethereum is a blockchain-based technology that powers Ether cryptocurrency and serves as a launchpad for scalable and secure dApps. It has a native token ETH that can be used for a host of transactional purposes that include staking, earning rewards, token swapping, and liquidity pool provisioning.
Recently, Ether has been the talk of the town after it clocked around a 100% increase in its value, after bottoming out in June, and is currently outperforming even Bitcoin. On June 19, Ether had hit a new low of $880.93 but it bounced back after rising by 106% since then. On the same day, Bitcoin was trading at $17,601 and has surged by 31% since then, as per data released by CoinDesk. Experts believe that the rally in its prices is led by the anticipation over the Ethereum network’s long-awaited software upgrade being referred to as the Merge.
The Merge is an upcoming software upgrade on the Ethereum blockchain system wherein the Ethereum Mainnet will be merged into a proof-of-stake protocol. It will mark an end to the network’s dependence on the proof-of-work protocol. Moreover, the software upgrade will reduce the Ethereum network’s energy consumption by over 99%.
Lumos Labs to launch Web 3.0 accelerator for Hedera startups
Hedera is a smart contracts platform that helps developers build and deploy enterprise-grade solutions on public blockchain systems. It has a native token, HBAR, that can be used for a host of transactional purposes that one would need in a decentralized ecosystem, including staking, token swapping, earning rewards, and much more.
Hedera has been built as a public ledger that leverages hashgraph consensus to build more secure and faster alternatives to traditional blockchain solutions. The Hashgraph is the brainchild of Leemon Baird who is Hedera’s chief scientist and co-founder. It efficiently verifies transactions while ensuring an enhanced degree of security to keep malicious acts at bay. It can clock a high throughput by processing over 10,000 transactions each second, apart from offering low-latency finality in seconds. Apart from being carbon neutral, Hedera-based solutions can be almost 10x faster than blockchain alternatives.
The platform also offers its users a token service, wherein the latter can configure, mint, and manage native NFTs and fungible tokens on the network. What gives the token service an unmistakable edge is its cost-effectiveness, compliance configuration, and unmatched level of throughput. Users will also be able to take advantage of features like on-chain programmability and API calls for atomic swaps.
In a recent development, Lumos Labs announced that it would be launching a Web 3.0 accelerator for Hedera-based solutions. The innovation management firm would be inviting Indian Web 3.0 startups to scale by leveraging Hedera’s distributed ledger services. The accelerator program would feature two five-month cohorts and will strive to empower startup founders to explore nuanced opportunities in Web 3.0 to grow at scale while spreading the word about Hedera’s potential in the Indian developer community. The participating startups can look forward to accessing potential funding opportunities from the program’s venture capital partners like CoinDCX, We Founder Circle, and MapleBlock.
Join the BIG community, visit https://bigeyes.space