Big Eyes Coin (BIG) is having one of the best moments for any cryptocurrency in history. Emerging projects usually look to have successful pre-sales because it is typically a token of assurance for relevance and success after launch. Big Eyes Coin already had that since its first week of presale when it raised $1 million despite the bear market.
Ethereum (ETH) has come under scrutiny over the past few weeks because the supply has increased since the Merge. However, these past few days have seen the supply drop by around 5,500 ETH since October 8th. The Merge represented Ethereum’s switch to a Proof-of-Stake consensus mechanism, and one of the most significant changes this brought was to the supply dynamics of ETH.
Ethereum – The Number Two In Crypto
Ethereum (ETH) is regarded as the biggest network in the cryptocurrency market despite the network’s token being second to Bitcoin. Ethereum’s network is a host to thousands of decentralized applications, making a vast network for value aside from its native token. Ethereum is at the frontier of decentralized applications, smart contracts, and cutting-edge blockchain functionalities.
However, the network has some scalability inefficiencies, especially when there is high activity on the chain. Several alternative blockchains, layer-2 networks, and other solutions are aimed at mitigating the situation and carrying some of the workloads for Ethereum. Moreover, the Merge is one of five upgrades proposed to help Ethereum become better scalable.
Due to ETH being no longer mined, the quantity of it that enters the market daily has been cut by up to 90%. At the time of writing this, 7,525 ETH has entered the market as a new supply since the Merge. Simulating a PoW scenario reveals that if the network still used its original consensus mechanism, this figure would have been roughly 340,000 ETH.
Big Eyes Coin – The Feline Token
Big Eyes Coin (BIG) is a meme coin launching on the Ethereum blockchain, and as it stands, Ethereum provides the optimum ecosystem for the token to launch. Meme coins are known for the high turnover they draw to the cryptocurrency market. That level of turnover is responsible for the 2021 bull run after Dogecoin had a massive pump. BIG has demonstrated its potential to grow to early investors, and users are looking to buy this up from presale as early as possible. As such, the token sells on presale at record speed, even much faster than the first presale week.
Big Eyes Coin is a community-owned DeFi token, and it hopes to create wealth for its community using the innovative DeFi offerings at its disposal. The meme coin project also plans to develop NFT utilities for its community, and with the cute cat memes, Big Eyes might be in for some spoils from the NFT market. The NFTs are primarily meant to be access tickets to more content and community events.
Being a community-governed project, holders will have veto power over significant phases of the project. Holders will be able to create proposals and vote consensus on decisions as regards growth and development. This gets community members more involved in the project and even particular about growth because then it means their assets grow.
Find Out More On Big Eyes Coin (BIG) In The Links Below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL