Decentralized finance has been making inroads into the traditional financial services ecosystem with its niche approach toward investment and wealth management. A look at the crypto news today will show you how DeFi protocols have transformed investment sensibilities with innovative products like cryptocurrencies and meme coins, which are cryptocurrencies that are inspired by social media memes. With their rallying prices, these blockchain-based assets have been gaining traction across the world and have found widespread application in businesses for gaining a competitive edge. If you are new to the world of cryptocurrencies, you can start by weighing your options and researching. You can research some of the popular cryptocurrencies like Big Eyes Coin (BIG), VeChain (VET), and Filecoin (FIL) and then make a decision based on your findings.
Big Eyes Coin: Disrupting the DeFi ecosystem one feature at a time
Big Eyes Coin is an upcoming meme coin that aims to empower and educate more investors into switching to decentralized finance (DeFi) ecosystem and exploring blockchain technology’s potential to generate wealth. Big Eyes Coin’s launch comes at a time when community tokens are disrupting the cryptocurrency market with their potential to generate wealth in a sustained manner. Built on Ethereum, the platform also has a native token called BIG which can be used for staking, liquidity pool provisioning, NFT trading, and other similar transactional purposes. The total supply of these tokens is 200,000,000,000 units and they will be available on presale.
The name of the token is inspired by a cat called ‘Big Eyes Coin’ who was born in Washington DC and used to get upset when people referred to him as cute or meek because of his big eyes. He was brought up by a rocket scientist couple who taught him about the basics of space engineering. All was fine and peachy until the couple abandoned the cat when he was just three and he was left to fend for himself. What followed was a year-long sea voyage that taught him a lot about life and ended by leaving him on Japanese shores. Living in a new country, Big Eyes Coin welcomed the change by learning new things like the art of making sushi and zazen. It was during a meditation session that he realized how he could turn his weakness into a strength and inspire memes and earn millions every year. And, that’s how the Big Eyes Coin meme coin came into being.
The process to purchase this token is fairly simple and users can buy them with their debit and credit cards. Alternatively, they can also use the ETH or USDT token for these transactions. However, before they proceed to buy the BIG Token, users must have signed up with a digital wallet like MetaMask or one that is compatible with WalletConnect, which is an open-source tool for connecting mobile browsers with dApps. The platform recommends MetaMask for buyers using desktop browsers and Trust Wallet for those using mobile browsers.
Once the wallet is activated, users will have to select the payment method and then make the payment. Users opting for debit or credit cards will first have to buy ETH tokens and use them to purchase BIG Tokens. It is recommended that buyers purchase at least $15 worth of ETH tokens so they can buy the minimum amount of BIG Tokens allowed by the platform. They can collect the tokens they bought on the claims page once the public presale ends.
The platform will set aside 90% of the tokens for presale –70% through public presale and 20% via exchanges. The remaining 10% will be divided between marketing activities and charitable donations. There will be no tax levied on the sale or purchase of tokens. However, the platform will charge a 10% tax on proceeds from NFT trading. Here too, 1% of the proceeds will be dedicated to charity donations and the remaining will be distributed among the original sellers of NFTs (4%) and BIG Token holders (5%). All donations to charitable organizations are processed via a charity wallet that can be accessed by all users.
The brain behind Big Eyes Coin is a team of hard-working cats with expertise in a diverse range of fields. The team is led by Top Cat or PawZilla and TechCat or CatNipper handles the technical part of the business. The OpCats – TenPaws and CatSuit handle the daily affairs, while HypeCat or Hypurrr handles everything related to the BIG Token. The legal side of the business is handled by LawCat or CatsEyes.
A key USP of the Big Eyes Coin platform would be its NFT trading mechanism that will hold NFT auctions regularly. Users will be able to access ample opportunities to get the best value for their assets while trading on a platform built on next-generation technology. Whatever the platform earns from these NFT events will be put to a ‘burn or not to burn’ vote. Moreover, the platform has a policy of incentivizing participation and rewards user engagement. These rewards are in terms of NFTs and BIG Tokens. Its community members will also be able to buy official Big Eyes Coin merchandise and spread the word about the platform.
Filecoin to host first Akwa Ibom workshop
Filecoin is an open-source marketplace for cloud storage, incentive layer, and protocol. The platform has its own native token FLE that can be used for multiple transactional purposes like staking and token swapping. One of its USPs is the seamless manner in which data is stored on the cloud storage network. These cloud storage strategies can be tweaked to reduce costs and redundancy and even ramp up retrieval speed. Plus, it has a wide array of libraries, tools, integrations, and providers that make Filecoin very developer-friendly.
In a recent development, Filecoin announced that it will be hosting the first Akwa Ibom workshop and hackathon on August 27 at the Start Innovation Hub. The event will bring together blockchain experts and enthusiasts and provide them with a platform to discuss and learn various topics about the field like dApps that can be built on the Filecoin network, a FIL Storage Provider, and opportunities offered by the blockchain system. Users can look forward to hearing from experts like Convener, FIL Akwa-Ibom, and John Mfon, CEO of Midday Technologies.
VeChain Thor’s public testnet to include VIP-220
VeChain Thor is a decentralized platform that aims to catalyze IT systems by leveraging emerging technologies like 5G, artificial intelligence, virtual reality, and augmented reality, among other options. Its custom technology is immutable and tamper-proof and has a unique mix of features that can pave the way for an efficient, authentic transfer of information. The decentralized platform has a native token called VET that can be used for staking, token swapping, and other similar transactional purposes.
The Vechain Thor blockchain is modelled on legacy blockchain innovations and novel technology that seek to accelerate its mass adoption. These technologies include proof-of-authority (PoA), transaction fee delegation, governance structure, and smart contracts.
Earlier in August, VeChainThor’s public testnet was updated to include the VIP-220. The move was announced by the blockchain on VeChain Foundation’s Twitter handle. As per reports, the new feature will be included in the latest version and will be called ‘Finality with One Bit’ (FOB). Development experts claim that once the FOB is displayed, one will be able to run them on central nodes.
Head over to the link given below to learn more about the Big Eyes Coin Token. Do not miss a chance to participate in the presale as it could potentially moon once the listing process is completed.
Buy Big Eyes Coin: https://bigeyes.space/#signup
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