The success of a cryptocurrency is often measured by the hype generated by the platform through its early stages. Big Eyes Coin (BIG) is a meme token that has generated a lot of hype throughout its presale, raising $12.81 million at the time of writing. This editorial piece will examine Big Eyes Coin and determine whether it can compete with stablecoins like Binance USD (BUSD) and Dai (DAI).
Binance USD and Dai are two significant stablecoins in the crypto market. They have a combined market capitalisation of $22 billion at the time of writing, showcasing their dominance in the stablecoin market.
Big Eyes Coin’s Limitless Potential
Bitcoin (BTC) currently hosts the largest market capitalisation in the crypto market, with Ethereum (ETH) in second place. However, Big Eyes Coin could change the landscape of the crypto market with its innovative features like a charity wallet and an NFT collection with added utility.
So, how are Big Eyes Coin introducing utility to its NFT collection? Big Eyes Coin will allow its NFT holders to utilise their NFTs as invitations to exclusive events, parties, and clubs on the platform. These include the Big Eyes Sushi Crew and NFT events that will occur with the seasons.
When looking at the Big Eyes Coin ecosystem, it is vital to mention its involvement in charitable organisations. The platform has set up a charity wallet containing 5% of its tokens, which will make regular contributions to ocean sanctuaries to successfully thwart threats to marine life.
Binance USD To The Rescue
If there is one thing that is assured in the crypto market, it is volatility. Multiple times through 2022, cryptocurrencies dropped significantly in value, leaving crypto enthusiasts with little trust in the crypto market. However, stablecoins like Binance USD were the haven for many crypto enthusiasts during 2022, maintaining their value throughout the year.
Binance created Binance USD to provide a stable alternative to crypto investors, using U.S. Dollars in reserve to maintain a value of $1 in the crypto market. Essentially, Binance USD is designed to cater to those who wish to avoid the volatility and uncertainty associated with other cryptocurrencies in the market.
Additionally, Binance USD is easily accessible to any crypto enthusiast. The currency is available on over 30 exchanges and has multiple use cases. Unlike most of the crypto market, Binance USD can build trust through its stable value.
What Does Dai Have To Offer?
Like Binance USD, Dai can maintain a stable value of $1. However, instead of using U.S. Dollars in reserve to maintain its value, Dai ensures the Maker Protocol is hard-coded to guarantee every DAI token is collateralised by other cryptocurrencies in the proper amount.
Additionally, Dai is regulated and maintained by MakerDAO, which is made up of the owners of its governance token, MKR. The holders of these tokens make proposals and vote on changes to the platform to ensure the stability of DAI.
Users who hold the DAI stablecoin can also earn Dai Savings Rate by locking their DAI in smart contracts. There are no liquidity impediments, no geographic constraints, and no fees involved, allowing users to get the most out of their investments.
Final Thoughts
While stablecoins have provided somewhat of a haven for crypto enthusiasts through the doom and gloom of 2022, meme tokens like Big Eyes Coin, which are currently in presale, could bring financial freedom to the masses in 2023.
Additionally, you can receive 5% bonus tokens with your Big Eyes Coin purchase using the ‘BIGsave941’ code at the checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL