Home Community Insights Surge in Market Recession – Big Eyes Coin is Growing Exponentially, While Prominent Coins Like Polkadot and Tezos Tremble

Surge in Market Recession – Big Eyes Coin is Growing Exponentially, While Prominent Coins Like Polkadot and Tezos Tremble

Surge in Market Recession – Big Eyes Coin is Growing Exponentially, While Prominent Coins Like Polkadot and Tezos Tremble

Introduction

Many people have heard about cryptocurrency, which is on everyone’s radar. However, many people are reticent about the popularity of cryptocurrency, though there are several reasons behind it. Cryptocurrency is the future of money and is meant to replace traditional centralized coins controlled by governments. It offers payment solutions to merchants and loyalty rewards to users. However, the volatility and sudden price changes can significantly hinder its global adoption. As the price changes, some crypto traders might have to face losses.

Since its inception in 2009, the cryptocurrency market has been on a steep upward trajectory. Recently, the crypto market has hit as an institutionalized bear market takes over. As a result, the price of Bitcoin dropped by more than 60% and most other cryptocurrencies. However, it’s not all doom and gloom. Cryptocurrency prices have recently begun to rise again following new regulatory measures enacted across the globe. The recent crypto crash is a negative, but it doesn’t mean the cryptocurrency is in mortal danger. The crypto market has taken a hit. However, the crypto ecosystem remains fine, and its underlying technology. The future of the crypto space looks bright.

New cryptocurrencies are emerging every day. It is the best time to look for presale stage cryptocurrencies focusing on web3.0 branches like DeFi, Meme, and other emerging sectors. Meme coins are mostly meaningless when it comes to utility and real-life application. These coins are usually supported by a viral meme or celebrity influence. Big Eyes Coin (BIG) is a new cryptocurrency that aids in shifting wealth from financial institutions to DeFi and NFT platforms. It will help users become aware of this emerging technology and get more returns compared to centralized exchanges. The concept of Big Eyes (BIG) is to allow users to benefit users and increase their value through unique marketing strategies and utilities.

Big Eyes (BIG)

Big Eyes (BIG) is a meme-based utility token designed on the Ethereum blockchain to grow a community that cares for the environment and expand decentralized finance (DeFi) by reserving a percentage of the token’s supply to charities saving the oceans. It is preparing a self-propagating blockchain ecosystem with the aid of NFTs that aims to redefine the hypesship of blockchain. Big Eyes (BIG) offers its users a flexible taxation method that will undoubtedly increase the number of market participants and initiate a series of automated modifications, including purchasing liquidity pools, auto-burn tokens of automated modification, and a digital marketing wallet.

The team intends to donate 5% of its total revenue to a charity organization that will support initiatives focused on preserving marine life and environments. The team intends to donate 5% of its total revenue to a charity organization that will support initiatives focused on preserving marine life and environments. It will help reduce carbon footprint and the effects of climate change on the planet. The team developers are incorporating new elements into meme coin culture using NFT technology to offer access and content to users. Moreover, it will help in self-propagating the blockchain ecosystem. The project has spent a year in Japanese culture, discovering a natural talent in the art of sushi and introducing its NFT collection named “Sushi Crew Club,” which will be in the top 10 NFT collections worldwide. If you want to purchase tokens in the presale stage, you need to follow these three simple steps:

Step 1 

Be sure to utilize one of the wallets supported by Wallet Connect or have a Metamask wallet loaded on your browser. You’ll have a more enjoyable experience if you buy using a desktop browser. However, if you make a purchase while using a mobile device, we advise using Trust Wallet and connecting via an integrated browser.

Step 2

As soon as your desired wallet is prepared, click “Connect Wallet” and make your selection. Choose “Wallet Connect” for mobile wallet applications, for instance. You will have three options:

  • Buy ETH with Card
  • Buy Big Eyes (BIG) with USDT
  • Buy Big Eyes (BIG) with ETH

Step 3

You will be able to claim your tokens after the presale is over. On the main website, further information will be made available closer to the event. You can get more information at https://bigeyes.space/.

Polkadot (DOT) 

Polkadot (DOT) launched in May 2020, a decentralized, open-source, next-generation blockchain that enables independent chains to securely exchange messages and conduct transactions with each other without the need for a trusted third party. This platform is specially designed to be fast and scalable and connect blockchains – allowing value and data to be sent across previously incompatible networks. This protocol runs on a shared model similar to ETH 2.0, called parachains which runs simultaneously and allows transactions to be processed in parallel instead of sequentially. However, Parachins, a sovereign blockchain, runs its ledger, comes with a unique state, adds transactions in blocks to its blockchain, and has its governance mechanisms and users.

Polkadot (DOT) comes with Relay Chain, which acts as the main chain in the network, and it links all states of the parachain into one state – the ‘state of states.’ Each para chain comes with relay chain validators to accept and validate its para chain blocks. These parachains propose and assemble blocks to validators on Relay Chain, where blocks undergo radius availability and validity checks. Once approved, blocks will be added to the respective parachain, and validators will be randomly swapped for the next block. An encryption system’s public and private keys can be used with this protocol to send money across digital wallets. The public key’s hash function is to address users to send and receive funds. The private key works as a password, authorizing and distributing transactions in the network. Every 6 seconds, these idle and unconfirmed transactions are confirmed and processed in a block of transactions, thus forming the Polkadot Blockchain.

Tezos (XTZ) 

Tezos (XTZ) launched in June 2018, an open-source blockchain network designed to write smart contracts and deploy decentralized apps (dApps). This self-upgradeable blockchain can evolve by upgrading itself over time without having to fork the network into two different blockchains. This protocol uses Liquid Proof-of-Stake as its network consensus mechanism – a manner in which transactions are validated as genuine and put into the next block attached to the blockchain. In PoS, a “staker” can lock a minimum number of tokens into what is essentially a bond for good behavior and is randomly selected to write the next block.

Being a Delegated Proof of scale (DPoS) altcoin created for the execution of smart contracts, and because it is a PoS chain, it can not be mined. Instead, Tezzie tokens reward XTZ ‘bakers’ when they participate in the Proof-of-Stake (PoS) consensus mechanism. Tezos perform the same function miners do by managing and securing the network, verifying transactions, and distributing black rewards. As a governance token, this protocol allows holders to vote on important decisions and have a say in the platform’s future. It has established governance rules for users to approve protocol upgrades. Once approved, these upgrades are automatically deployed on the network. In addition, token holders can vote on pending protocol developments, and developers can attach an invoice when they propose an upgrade and are paid out to address when the upgrade is approved and incorporated into the network.

Final Verdict

Big Eyes (BIG) is still in the presale stage and has the potential to skyrocket in value. However, it is already making its way with many exciting prospects that will encourage user engagement with plans for growth and assimilation of innovations. Polkadot (DOT) and Tezos (XTZ) are facing high competition with other cryptocurrencies which can lead to sustainability and scalability issues in the future. Big Eyes (BIG) seems like a decent option in this bear market as it has already raised $1 million before launch and is expected to go for $50 million soon.

 

For more information on Big Eyes (BIG), you can visit the following links:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

No posts to display

Post Comment

Please enter your comment!
Please enter your name here