Place/Date: - October 19th, 2022 at 4:04 pm UTC · 4 min read
Source: Big Eyes Coin
It is rare to see an up-and-coming cryptocurrency perform so well during a bear market. And yet, that is exactly what Big Eyes Coin (BIG) is doing right now.
After seemingly beating all odds, this adorable feline has raised over $8,000,000 in its presale within just a matter of weeks.
As Big Eyes Coin defies all economic logic with its two huge eyeballs, crypto enthusiasts are left wondering what this means and whether the huge cryptos, BNB and XRP, could really be intimidated by a cute cat?
BNB, the native token of the Binance platform, can be used to pay for goods and services, settle transaction feeds and also participate in exclusive token sales.
The BNB token is famous for its auto-burn system that provides a deflationary tokenomics model. As tokens are burned, the value of BNB can increase due to the limited supply of BNB. The system BNB uses adjusts the amount burned based on BNB’s price and the number of blocks on the BNB smart chain.
Recently in its quarterly burning cycle, Binance burned $570,000,000 worth of tokens. This is perhaps why, despite the bear market, BNB has managed to stay just about afloat. However, with the rise of Big Eyes Coin, will BNB remain the sole bear market survivor?
Ripple’s XRP native token has been accused of being a “Pump and Dump” crypto due to its absurd spike in value during 2018 and equally strange subsequent drop in value.
A pump and dump is a form of a fraud scheme where a crypto creator encourages people to buy into crypto based on false information to drive up its price. When the crypto sells due to its hype, the price is pushed lower, and the crypto crashes.
To this day, XRP is still functional crypto that people invest in. More recently, users of Ripple may soon be able to interact with Ethereum-compatible defi apps due to Ripple’s new sidechain.
The damage, however, has already been done to Ripple XRP. It is possible if Big Eyes Coin’s success continues, this crypto may eventually slide into irrelevancy.
As the Twitter channel of Big Eyes Coin states: “Next stop, to the Moon”. And looking at the coins’ presale success, it is understandable why the creators of Big Eyes Coin feel this way.
Big Eyes Coin (BIG) is a strong defi community that centres around the adorable cat mascot ‘big eyes’. With a beautiful creative tale about the origin of Big Eyes Coin in its whitepaper, the goal of this feline is to save the oceans so it can continue eating fish.
A dedicated charity wallet that will collect 5% of the released BIG tokens will be donated to ocean sanctuaries. However, Big Eyes Coin does not simply stop there. With an NFT Sushi Crew centred around promoting ocean conservation, Big Eyes-themed merch store, social media competitions and the backing of several influences such as Gino Assereto (@GinoAssereto) and Ieda Wobeto (@iedawobetoreal), Big Eyes Coin is set to take off and save the planet.
And by the looks of it, it already is.
Without a doubt, BNB and XRP are cryptocurrency giants in comparison to the small Big Eyes Coin (which has not even finished its presale yet). However, by the speed at which the cute cats’ presale is going, there is no doubt that Big Eyes Coin is capturing the hearts and minds of crypto enthusiasts more than a traditional cryptocurrency ever could.
Having amassed over 50 thousand Twitter followers and using a 5% marketing wallet, the word of Big Eyes Coin will only spread further as time goes on. As each presale stage finishes, the price of BIG is increased by 25%, so investors are incentivized to buy up Big Eyes Tokens before it is too late.
Although for a long time, BNB and XRP have been seen as the market standard, Big Eyes Coin is about to disrupt the status quo.
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