It is not unheard of for users to adopt more than one coin when making purchases in the crypto market. This is because different projects serve users differently as they cater to their different needs. These projects also have unique use cases that can drive adoption.
Users of projects like Aave (AAVE) and HexCoin (HEX) are offered another great project to invest in; the Big Eyes Coin (BIG).
All About Aave (AAVE)
Aave (AAVE) is a decentralized open-source lending protocol that facilitates easy borrowing and lending. It was launched in 2017 as an improvement on ETHlend which took time to facilitate transactions. Aave effectively matches lenders to borrowers and improves on P2P service delivery, as borrowers can make requests and be immediately matched to lenders.
This is all done with ease by programmable software that processes these transactions once certain conditions are met. This software is smart contracts. Aave has a system of allowing over-collateralized loans to prevent loss to lenders, and incentivize borrowers to pay back. Flash loans are also enabled within the platform to leverage ever-changing crypto market positions.
AAVE is the native token of the Aave protocol, and it serves a governance purpose primarily. This is achieved through staking.
What About Hex Coin (HEX)?
Hex Coin (HEX) is the first high-interest Blockchain certificate of deposit (CD). It was launched in Q4 of 2019 on the Ethereum network. The project was launched as a finished product with no roadmaps or outstanding activities to be carried out, MD since launch, the price of the token has gone up 1,000,000% or 6748x so far.
The project generates and distributes rewards to users who stake, with an average APY of 38%. HEX is the native token of the protocol, and lets you earn rewards on your staked assets based on the size of the assets locked or the total lock time. There are penalties for unlocking assets earlier than the stipulated time, and the average lock time is 5 years.
The project utilizes a hybrid of the proof-of-work and proof-of-stake consensus modules.
Stakers are paid in HEX, while Ethereum miners are paid small amounts of Ethereum to perform transactions.
Compared to Big Eyes Coin (BIG)
Big Eyes coin offers a fun and interactive way to relate with DeFi technology and generate profit. It is a community-governed protocol that prioritizes user interests and investment while catering to environmental protection.
The project intends to be dedicated to community growth and charity activities. The native token of the Big Eyes project is the BIG token, which provides utility and governance throughout the ecosystem. BIG tokens give users access to the Big Eyes Swap and the Big Eyes NFT collection. It promises no tax, no fees, and no hassles.
The total supply of BIG tokens is 200 billion, with activities to carefully distribute these tokens. The project is set to launch soon, so interested users can get into the community early, and enjoy rewards once the token launches.
How to Purchase BIG tokens
- Go to the website, and go to the purchase menu to sign up.
- Provide your personal information like your name, surname, and email address.
- Read and agree to the terms of the Big Eyes Coin project.
- Click “submit”, and wait for launch day.
With everyone on the lookout for the next crypto gem, it is obvious that Big Eyes Coin (BIG) wants to make its mark in the crypto world. Users who buy the token early stand a chance to earn potential rewards and profits, and even double their capital. More information on the Big Eyes Project can be seen on their website and white paper.