Big Eyes Coin: Next-generation Platform Set To Compete With Ethereum And FTX
The crypto space is currently on the verge of a significant transformation. In September 2022, Ethereum (ETH), the second largest cryptocurrency network, is set to make a big move. Initially operating
This merger may speed up the Ethereum (ETH) blockchain with the current proof-of-stake trend in crypto. Crypto projects like Big Eyes Coin (BIG) hosted on the Ethereum (ETH) blockchain will also experience significant improvements in their operations.
Big Eyes Coin is a crypto project inspired by a viral cat meme. The platform intends to offer its users excellent opportunities. Unlike the Big Eyes crypto project, FTX is a centralized crypto exchange where users can buy and sell crypto assets.
This article will review the operations of Ethereum (ETH), Big Eyes Coin (BIG), and FTX (FTT) crypto projects. First, we will highlight the features of the FTX crypto project.
The FTX (FTT) Crypto Project
Many people may perceive the FTX (FTT) as a crypto platform that will soon disappear. This is because it restricts users by being a centrally managed crypto exchange.
The purpose of cryptocurrencies is to offer users decentralized finance, where they can transact without restrictions. However, centralized exchanges like FTX have created a system that manages crypto transactions centrally. It uses a matching system called an order book.
While centralized crypto exchanges are not entirely harmful, decentralized crypto exchanges have rapidly taken over the crypto space. DEXes have replaced traditional order books with an automated market maker protocol.
Order books operate by pairing buy and sell orders. However, the AMM allows users to swap tokens directly from a liquidity pool. Thus, transactions are completed faster and more efficiently.
The FTX has implemented some security measures to prevent clawbacks. This system protects lenders within the FTX ecosystem from incurring losses. The three-tiered liquidation model retrieves loans with penalties if the borrower defaults on repayment.
FTX users can trade crypto assets in both spots and futures. They can also trade leveraged tokens and options. FTX (FTT) has its native cryptocurrency, which plays an essential role in the operations of the FTX platform. FTX (FTT) token holders can enjoy discounts on trading fees on the crypto exchange.
The Ethereum (ETH) and Big Eyes Coin crypto projects offer their users more decentralized services than the FTX crypto projects.
Unique Features Of The Ethereum (ETH) Crypto Project
As the largest DeFi blockchain in the crypto space, Ethereum (ETH) influences many crypto projects. Since its launch in 2015, it has been modified to improve its services and utilities.
The Ethereum blockchain will soon experience another significant modification. This refers to the upcoming merging of its operations with the ETH 2.0 blockchain, which has been successful on its testnet.
ETH 2.0 has the code name "Serenity." This upgrade will free Ethereum (ETH) from its complex transaction validation processes. It will offer users an efficient, scalable, and fast platform to carry out their operations.
Migration From Proof-of-work to a proof-of-stake blockchain
ETH 2.0 will be a proof-of-stake blockchain. This means it will no longer require miners' services to secure its blockchain. The elimination of miners is an environmentally friendly move. It reduces the carbon emissions generated by the Ethereum (ETH) blockchain.
Instead of miners, Ethereum will incentivize stakeholders to verify transactions and secure its blockchain. It will take at least 16,384 validators to protect the Ethereum 2.0 blockchain. This makes it more decentralized in its operations.
Furthermore, ETH 2.0 will become a highly scalable platform. By eliminating congestion and transaction lags, it promises to process up to 100000 transactions per second, as opposed to its current 30 transactions per second.
This processing speed will be attained using a method called "sharding." Thus, billions of people will simultaneously enjoy seamless transactions within the Ethereum (ETH) blockchain.
ETH 2.0 will introduce additional improvements to the crypto space: a reduction in the trading fee. Gas fees on the Ethereum (ETH) blockchain are currently very high. This discourages crypto users from using the Ethereum blockchain for transactions.
However, users will enjoy meager trading fees while interacting with its blockchain once it migrates to a POS protocol. Thus, many crypto innovators will be moved to build their projects on the "King of DeFi" blockchain.
Big Eyes (BIG) is one of the crypto projects hosted on Ethereum (ETH). Its users will also benefit from this merger if it is successful. What features are offered within the Big Eyes (BIG) crypto project?
Introducing The Big Eyes (BIG) crypto project to the crypto space
Big Eyes Coin (BIG) is a meme crypto project that intends to change how meme coins are viewed and utilized. Traditional meme coins exist merely as joke cryptocurrencies. They have no solid foundation and do not affect the real world.
However, the Big Eyes crypto project will use its resources to fund charitable organizations to preserve aquatic life. It will donate 5% of its crypto tokens to these organizations.
The Big Eyes Coin crypto project will donate 10% of all trading fees to these charitable organizations. This will provide lasting support to these organizations as they collaborate to reduce the effects of environmental pollution and save the oceans and the animals in them.
Big Eyes Coin (BIG) has shown itself to be a crypto project with excellent opportunities for its users to accumulate wealth while saving the environment. In addition to rewards derived from purchasing and holding the Big Eyes (BIG) tokens, its users can also profit from NFT trading.
Big Eyes (BIG) NFT Marketplace
The Big Eyes NFT marketplace will be a unique aspect of the Big Eyes Coin (BIG) ecosystem. It aims to become among the top 10 largest NFT platforms in the crypto space.
It has laced the marketplace with fantastic reward opportunities that will attract NFT designers worldwide. NFT creators will enjoy royalties for their creations forever. This means they receive a commission every time their NFT designs are traded.
Big Eyes (BIG) Reward System
Users within the Big Eyes Coin (BIG) ecosystem will enjoy massive rewards by buying and holding the Big Eyes tokens. All token holders will share 50% of the trading fees within the Big Eyes ecosystem.
The Big Eyes crypto project also promises its community members periodic giveaways and NFT events. Thus, its members can accumulate wealth by holding the tokens for a while.
Big Eyes (BIG) Crypto Community
Big Eyes (BIG) will build a strong crypto community like every other meme-inspired project. This community will have complete autonomy in steering the project to greater heights. It intends to utilize all its community members' skills, knowledge, and experience to improve its operations.
This crypto community will democratically make decisions about the future of the crypto project. Governance rights will be distributed using the Big Eyes Coin tokens.
90% of the total supply will be released to the public upon launch. This will ensure it remains decentralized. The other 10% will eventually be distributed between the charitable organizations and the Big Eyes (BIG) marketing team.
The Big Eyes (BIG) Token
The Big Eyes (BIG) digital asset is an ERC-20 token capped at 200,000,000,000 BIG tokens. It will be a utility token within the Big Eyes Coin ecosystem. The Big Eyes (BIG) token will be used to trade NFTs and reward outstanding members within its crypto community.
The Big Eyes (BIG) cryptocurrency will be available on the Uniswap (UNI) decentralized exchange. This will bring the Big Eyes (BIG) token up to the standard of popular ERC-20 crypto tokens.
The Big Eyes (BIG) tokens will be the ticket to interacting with the Big Eyes (BIG) ecosystem. Big Eyes Coin is currently running its token presale. This presale is available to any interested individual.
How To Buy Big Eyes (BIG) Tokens
If you decide to buy the Big Eyes (BIG) token presale, you can follow the following steps;
1. First, participants must have the metamask wallet extension installed on their computer or smartphone.
2. Secondly, participants must access the Big Eyes Coin (BIG) presale portal via https://buy.bigeyes.space.
3. Participants will be required to fill out some information in a form on the website and proceed to select the token to be used as a deposit cryptocurrency.
4. After making deposits, participants will have to wait patiently till the end of the presale, when their tokens will be deposited into their wallets.
Future Of The Big Eyes (BIG)
Big Eyes Coin (BIG) has a lot of projects on its roadmap that it intends to accomplish within the next few years. Some of these projects include;
1. Big Eyes Coin (BIG) token swap: This will be a decentralized crypto exchange to facilitate crypto swaps.
2. Big Eyes Coin (BIG) Merch Shop: Big Eyes Coin (BIG) intends to produce physical and digital merchandise. This will help publicize the Big Eyes crypto platform.
3. Big Eyes Coin (BIG) Chain Bridge: Big Eyes will facilitate interoperability among crypto blockchains. It will implement a multi-Chain protocol to help its users convert Big Eyes (BIG) ERC-20 tokens to other blockchains.
The Big Eyes Coin (BIG) crypto project will be the most significant crypto project in the crypto space. The presale provides an ample opportunity to become part of the fun and profitable Big Eyes ecosystem - purchase its tokens in presale and enjoy all its benefits.
Topics : Blockchain
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First Published: Sep 02 2022 | 12:10 PM IST