Place/Date: - September 5th, 2022 at 8:39 am UTC · 8 min read
Source: Big Eyes Coin
New crypto users tend to gravitate towards cryptocurrency assets with good use cases and great growth potential. This isn’t unusual, as many users intend to capitalize on a growing industry to double their profits and increase their wealth.
There have been many crypto projects that have garnered a great amount of profit for their users and holders, and so the search is on for the next big project.
Many developers are pushing her projects to these new sets of users with great incentives and unique use cases that see an end to many real-world financial problems like speed, cost, access, market volatility, credit, bureaucracy, and centralization. MakerDAO (DAI), Decentraland (MANA), and Big Eyes Coin (BIG) are three cryptocurrencies with great potential for wealth creation and problem-solving.
MakerDAO (DAI) is the most popular Decentralized Finance (DeFi) application in the crypto world. It exists on the Ethereum Blockchain as an automatic market maker, which effectively fills the void when it comes to Market solutions, and provides value, incentives, and a safe and secure platform for the execution of crypto transactions.
This is done by smart contracts which are programmable non-human entities that execute a task without the need for human input as long as certain conditions are met. MakerDAO (DAI) was founded by Danish entrepreneur Rune Christensen as an organization developing technology for borrowing and lending.
The MakerDAO project offers 2 native tokens on the platform; MKR, and DAI. DAI is a stablecoin created when users of the MakerDAO platform lock up Ethereum in a lending pool. The DAI coin aims to remain soft pegged 1:1 to the (US) dollar.
Users are allowed to withdraw up to 2/3 of their total ETH locked up.
DAI facilitates borrowing and lending more like traditional financial institutions. These debts also incur interest rates called DAI stability fees which are up to 0.5% of the total coins borrowed. This metric has seen dramatic changes over time and even once hit 19%. When users pay their debts, they do so in DAI which gets burned to maintain the DAI coin stability.
The MKR coin is primarily used for governance within the platform. At launch, 1 million MKR coins were distributed in 3 separate events in a centralized manner. The project has since achieved full decentralization. Loans taken out of the MakerDAO platform are over-collateralized up to 150%. This ensures that borrowers have an incentive to pay back. It also avoids the loss of assets for lenders due to price volatility.
Governance within crypto projects rests primarily with the Project’s Decentralized Autonomous Organization. The DAO is charged with choice, governance, decision-making, voting, proposal approval, and other voting-related matters within the project.
MKR holders are given voting privileges, and they decide on things like interest rates, over-collateralization percentages, etc.
The Decentraland (MANA) Project represents a global community of users that share a virtual world called a metaverse. This virtual world is fully immersive and customizable. It was founded by Eseban ORdano and Ari Meilich and is the first decentralized virtual reality system that enables interaction and communication between users while granting and verifying ownership to non-fungible tokenized portions of the game.
The Decentraland (MANA) ecosystem is a Virtual reality platform on the Ethereum Blockchain powered by MANA tokens (an ERC-20 token). MANA can be used to buy LAND, a VR parcel of land within the Decentraland Platform. LAND is a non-fungible ERC-721 token. Users can buy parcels of land within this virtual world or metaverse that they can navigate, build upon or monetize.
The platform also lets users purchase avatars, wearables, domain names, and more ERC-based tokens within the metaverse. MANA is burned to acquire virtual property within the platform. The Decentraland (MANA) platform operates a fully decentralized governance system where users are in complete control over the ecosystem, and can make decisions that drive the project’s future.
Through an Ethereum smart contract, land ownership is maintained and verifiable within the Blockchain.
Decentraland (MANA) is a leading metaverse platform and project. It currently holds a market cap of around $14 million, with about 1.8 billion coins in circulation out of the total 2.8 billion supply. Burn mechanisms have been put in place to reduce the circulating supply, increase demand, drive up scarcity, and increase the market value of the coin.
40% of the tokens were sold during the initial coin offering (ICO) event, while 60% was equally split between the company, the community, the development team, and the project’s early contributors. In 2021, MANA migrated to the Polygon Blockchain as a layer 2 scaling solution to circumvent the high cost of running transactions through the Ethereum Network.
Big Eyes Coin (BIG) introduces a fun, innovative, and value-centric way to interact with crypto.
It is a community-driven open-source decentralized finance protocol that brings wealth creation opportunities into the DeFi ecosystem.
The Big Eyes Coin (BIG) is primarily concerned with protecting the interests and investments of the users by creating a self-propelled Blockchain that improves financial growth with Blockchain technology and offers access to more content and services on the Blockchain.
Big Eyes Coin (BIG) is permanently devoted to community development and wealth creation. It is very concerned with environmental preservation and protection as it donates to charity. These charity events are primarily concerned with protecting and saving the oceans.
This is done by preserving fragile marine ecosystems and wildlife and undoing dangerous human activity like pollution and overfishing in aquatic habitats. This would result in food security, cleaner oceans, a better quality of life, and general hope for the future generation.
Big Eyes Coin (BIG) also features an NFT collection that would include an array of cute virtual animals that would be unique, valuable, non-fungible, and cute. This would go a long way to funnel wealth into the ecosystem, as well as foster community growth. NFT technology is all the buzz right now, and the Big Eyes Coin team wishes to capitalize on this to bring better service delivery to its users.
A platform would be needed for the efficient handling and facilitation of cryptocurrency transactions in a fast, secure, and cost-effective way. This need triggered the development of the Big Eyes Swap. This platform offers a one-stop shop for all crypto and DeFi-related solutions. It provides tools necessary to trade, swap, exchange, and store Blockchain assets securely.
Big Eyes Coin has adopted the BIG token as its native token. This token provides utility and governance within the ecosystem by granting users access to various services within the platform. Users can buy, swap, trade, and hold these coins for rewards.
A staking mechanism has also been employed as a means of passive income generation. This would also serve to provide governance privileges to the users of the protocol. The total supply of Big Eyes Coin (BIG) is 200 billion and 90% would be available at launch and divided into:
10% of the NFT tax would be split into two:
The Big Eyes Coin team features high-level qualified professional individuals who have anonymously blended into the Blockchain. They have provided a clear-cut roadmap with clear paw prints that lead to project growth.
The roadmap is split into 4 fully loaded and interesting phases:
Purchasing BIG coins have been made easy. It is a hassle-free process that employs user-friendly tasks. One would simply need to go to the website and select the purchase tab, following these instructions:
New coins always record great returns in the listing, and as Big Eyes Coin (BIG) is set to launch soon, it could translate to potential profits for users who get in early enough. More information on the project can be found on their website and white paper.
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