The emergence of cryptocurrencies has led to creating a global economy with no central regulatory authority. As time passes, it becomes more evident that traditional currencies are not the most viable option for conducting business. Big Eyes Coin (BIG) is a new meme cryptocurrency making its way into the crypto market by offering unique features that will help improve the DeFi space. It is one of the first meme cryptocurrencies to compete with big crypto players like Aave (AAVE) and Chainlink (LINK).
Aave (AAVE) – A Decentralized Payment Service
Designed on the Ethereum blockchain, Aave (AAVE) is a decentralized protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. One of this platform’s cool features is that it accepts various cryptocurrencies for lending and borrowing. Tether, Wrapped Bitcoin, and other Ethereum-based currencies are all supported. Its loans are over-collateralized, meaning users will need to make deposits in the form of collateral worth more than the borrowed amount. In addition, if a borrowed asset is not returned within a time frame, the collateral will be collected by the lender.
Seeing the high volatility of the cryptocurrency market, Aave (AAVE) employs a liquidation process in case the value of collateral falls below the collateral rate, which is defined and determined by the protocol. This protocol issues tokens issued to lenders so they can charge interest on deposits, and AAVE tokens, which are Aave’s native tokens. This platform being non-custodial, allows depositors to withdraw their deposit at any time, and there are no hidden fees.
Chainlink (LINK) – Decentralized Oracle Network
A Decentralized oracle network that provides tamper-proof inputs and outputs for complex smart contracts on any blockchain. Chainlink (LINK) aims to encourage a global network of computers to provide real-world data to smart contracts running on top of the blockchain. This technology works via three types of contracts – order-matching, aggregating, and reputation. The data transfer process of Chainlink (LINK) consists of three central contracts: the reputation contract, the order matching contract, and the aggregating contract. Reputation contracts give each node within the network a reputation score, so their reliability is apparent.
Matching contracts give Chainlink nodes data requests and choose which nodes to use. In addition, the aggregating contract is responsible for verifying data to ensure it can be trusted before providing a destination blockchain. This protocol uses information in the request to select oracles to provide needed data. They process real-world data and report it on the blockchain, in which an internal system validates sources for accuracy.
Big Eyes Coin (BIG): Best Crypto Coin to Buy Now
Big Eyes Coin (BIG) is a new meme cryptocurrency that will promote creativity in the ecosystem and organize events to collect NFTs. The NFT event will help Big Eyes Coin (BIG) draw more people into this space and will help people to facilitate the acceptance of Non-Fungible Tokens (NFTs).
The team plans to be among the top 10 NFT projects globally, and the potential adoption of NFTs by Instagram will help Big Eyes Coin (BIG) achieve its goal quickly. Big Eyes Coin (BIG) will offer decentralized services that will shift users’ wealth and make more profit than traditional banking systems. Moreover, 5% of each transaction will be donated to charity to preserve marine life. In addition, you can apply the code BIGG1351 for a bonus.
Tokenomics of Big Eyes Coin (BIG)
There will be 200 billion tokens in total that are distributed for different purposes to preserve token value and avoid inflation.
- 70% of the token will be available till the presale
- 20% on exchanges
- 5% for marketing
- 5% for charity
For more information on Big Eyes Coin (BIG), you can visit the following links:
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