Two coins, Dai and Big Eyes Coin (BIG) couldn’t seem more different, and yet one unique aspect has kept both tokens steady in troubled waters.
While stablecoin and meme coin may have different qualities, both are dedicated to improving the image of crypto and encouraging mass adoption, which is why these two opposites are more alike than you think.
What Is A Stablecoin?
Many may ask if cryptocurrencies can be stable, especially considering their volatility. Stablecoins are an answer to that question and the concerns of many crypto traders. The currency is fixed to a reserved asset such as a fiat currency or gold. This is done to reduce the volatility cryptos are famous for.
What Is A Meme Coin?
Seemingly the opposite of a stablecoin, a meme coin is often a highly unstable (more unstable than normal currencies) digital asset. Often originating around a meme or animal character, meme tokens are known for their strong communities and extremely fluctuating values.
Stablecoin DAI: Providing Calm
Based on Ethereum, DAI is the fourth largest stablecoin by market capitalization on CoinMarketCap. With over $5 billion in market cap, DAI has been highly sought after.
Managed by Maker Protocol and MakerDAO, which claims to be an ‘unbiased Global Finacial System’. Dai is marketed as an ‘unbiased currency’, and any business or individual may use it.
Its popularity largely stems from its being pegged to the U.S. dollar, its decentralized nature, and its increased stability, which many crypto enthusiasts find comforting considering how volatile the market is.
Despite algorithmic stablecoins experiencing a crash, DAI has managed to stay strong (even after losing $2 billion). This is why it is likely DAI will remain in the long run.
Big Eyes Coin: Providing Cuteness
While Dai has committed to improving the image of crypto by introducing a stable coin, Big Eyes Coin has resorted to various techniques that achieve the same united goal of improving the image of cryptocurrencies.
From having its contract audited by Solidity Finance and proven to be 100% secure, BIG’s team has also been verified by CoinSniper to ensure anti-rug measures are in place and that the project is safe.
The initial liquidity pool will be locked for two years, ensuring that funds are unable to be moved outside of the pool. Furthermore, Big Eyes Coin offers a fresh ecosystem with an NFT market, merch shop, and competitions.
But perhaps the biggest attraction of Big Eyes Coin, which is bringing in crypto beginners, is its emphasis on the environment and charity. With the sole purpose of raising money to save the world’s oceans, Big Eyes Coin is keeping 5% of its total token supply upon release for ocean sanctuaries. Furthermore, it commits to recurring charity donations, including The Fruit Tree Planting Foundation and Sea Shepard.
The Bottom Line
Big Eyes Coin and DAI are different species of cryptocurrencies focused on very different things. Still, they both share the same goal of improving the accessibility of crypto to the wider public.
As the New Year takes its course and people ponder how best to use their money during a global recession, many could turn to these two currencies thanks to their appealing natures.
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For more information on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL