Place/Date: - October 30th, 2022 at 8:47 pm UTC · 3 min read
Source: Big Eyes Coin
In the last few years, DeFi (decentralised finance) has challenged the traditional financial system in many ways. The decades-old banking system is still working in many countries where the bank acts as an intermediary. Although the traditional system has many benefits, it still is an old mechanism of lending and borrowing.
Cryptocurrencies have been reimagining the financial world since their inception. Bitcoin (BTC), as a pioneer, innovated blockchain technology. Soon after, with the launch of Ethereum (ETH), things changed for the better.
Now there are several tokens offering services in NFTs, DeFi, etc. Chainlink (LINK), Aave (AAVE) and Big Eyes Coin (BIG) are redefining DeFi in the crypto market.
Chainlink (LINK) is a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. Chainlink networks are secured by node operators running security software that has been validated to operate at scale without downtime or corruption.
Because it is an open-source platform, other developers can see the code and further develop the dApps running on the platform.
Aave (AAVE) is a DeFi protocol that allows its users to lend and borrow cryptocurrencies on the platform. When compared to traditional banks, Aave doesn’t act as an intermediary nor does it have stringent credit checks.
Backed by a robust blockchain system, Aave allows its users to deposit their crypto and earn interest. On the other hand, the borrowers pay interest when they take out crypto as a loan. It works like a bank but the only difference is — Chainlink doesn’t act like an intermediary.
With a total supply of 16M tokens, 13M are in circulation on the market.
A new token on the market, Big Eyes Coin (BIG) is a meme token that intends to bring wealth back into the DeFi ecosystem. Not many meme coins offer DeFi services except for APE foundation’s ApeCoin (APE) and a few others.
Big Eyes Coin is more than a meme coin. Apart from DeFi services, it will be launching a fully-integrated NFT club that will allow users to exchange digital NFTs and assets. As part of the club, the token will also launch ten carefully created NFT projects with its cute cat mascot.
Because it will be launched on a CEX (centralised exchange), Big Eyes Coin will soon be the go-to coin for lending and borrowing crypto. Historically, CEX platforms have performed better than DEX (decentralised exchanges) platforms.
Many DeFi coins aren’t sustainable because they follow proof-of-work consensus, and neither do they have any donation programmes. Big Eyes Coin has pledged to give away a significant portion of its profit to ocean welfare organisations. Considering the dire state of the planet, the oceans need to be cleaned, and Big Eyes Coin, with its DeFi services, is making sure the climate is healthy in the future.
DeFi is changing the way people will borrow and lend money. As a financial institution in itself, DeFi may soon replace traditional banking as we know it. Big Eyes Coin is proving to be a viable option as it is an all-in-one crypto.
Big Eyes Coin has raised more than $9M in its presale so far and it refuses to stop its phenomenal run.
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