Big Eyes Coin Wants to Turn the Crypto Market Around, and This Could Benefit Aave and Solana
October 26th, 2022 at 1:03 pm UTC · 3 min read
Although there are a lot of advantages to using Decentralized Finance (DeFi), the problems of volatile prices have chased a lot of people away, and this has been a very serious problem since the beginning of 2022. However, strong crypto launches can boost the rest of the market by restoring the faith of lapsed users. The launch of Aave (AAVE) and Solana (SOL) brought similar benefits, and now, Big Eyes Coin (BIG) wants to give the crypto industry a profitable shot in the arm.
Big Eyes Coin (BIG) Could Be the Crypto Industry’s Saviour
Big Eyes Coin (BIG) is a community-driven meme coin that wants to provide aid to the planet and give the best meme coin in the industry to its users. The oceans are very important, and preserving them is essential to human survival. Big Eyes Coin (BIG) wants to create a solution by donating huge amounts to charities. Another major problem faced by a lot of cryptocurrencies is high fees for transactions. Big Eyes Coin (BIG) isn’t just lowering fees; there will be no transaction tax when using Big Eyes Coin (BIG).
The community owns big Eyes Coin (BIG), and they will be involved in a lot of activities, and participate in events to help build up the Big Eyes Coin (BIG) ecosystem. Big Eyes Coin (BIG) expects many new users to come into the ecosystem because of its features. To accommodate these users, Big Eyes Coin (BIG) has designed its systems to be as simple as possible.
Aave (AAVE): The Perfect Decentralized Alternative to Lending Platforms
Aave is a unique platform within the crypto industry that allows users to lend and borrow cryptocurrencies. It was built by Stani Kulechov and launched as ETHLend in 2017, but its name was changed to Aave the year after. It was built because of the lack of lending platforms on the Ethereum blockchain, and it runs on the Ethereum blockchain using Aave (AAVE) tokens.
Aave (AAVE) tokens are ERC-20 tokens, and they are built with a deflationary model. Aavesupports about 20 cryptocurrencies, and users have two options when borrowing. They can choose a variable or a fixed interest rate. Fixed interest rates provide certainty because their interest does not change, but variable interest rates can benefit users if the cryptocurrency price crashes. However, a price increase will lead to higher interest amounts being paid by the user.
Solana (SOL) Might Be Ethereum’s (ETH) Successor
SOL is the native token of the Solana blockchain, and it belongs to a special class of cryptocurrencies known as Ethereum killers. These cryptocurrencies were designed to be similar to Ethereum (ETH) and offer the same services but provide advantages to push them ahead of Ethereum (ETH) and other Ethereum killers. Solana (SOL) is unique in this bunch because it was specifically built to solve the security and scalability problems that affect Ethereum (ETH) users.
With its Proof-of-Stake (PoS) blockchain merged with the Proof-of-History (PoH) algorithm, Solana (SOL) transactions are lightning-fast and cheaper than most competitors. This design also makes it very energy efficient, and in addition to supporting smart contracts and Decentralized Application (dApp) development, users can mint and trade with Non-Fungible Tokens (NFTs) using Solana (SOL).
Furthermore, the team behind Big Eyes Coin (BIG) has stated they are doing a bonus tokens giveaway. For your chance to claim the tokens, use code: BEYES981 when buying BIG tokens.
More information on Big Eyes Coin: Website, Telegram, Twitter.
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