Cryptocurrencies have seen a stellar year as their prices continue to surge, despite events like the recent FTX crash. The blockchain-based assets have garnered traction over the past few years as more investors realized their potential for income generation. Plus, as these assets aren’t regulated by a third-party financial institution like a bank or a brokerage firm, investors don’t have to worry about regulatory restrictions.
If you are new to the world of cryptocurrencies and are confused about how to choose cryptocurrencies for investment, you can always start with research. Just select some of the leading names like Big Eyes Coin (BIG), Avalanche (AVAX), and Monero (XMR), weigh their pros and cons, and then make an informed decision. To help get started, let’s dive into the key features of these three cryptocurrencies.
Big Eyes Coin: Helping more investors access DeFi tools
Big Eyes Coin is a meme coin that has been designed with the express goal of encouraging more investors to switch to decentralized finance for wealth generation. With the platform, the team aims to make DeFi protocols more understandable and accessible for investors.
The meme coin is based on the story of a cat with big eyes and how he found his life’s purpose by travelling around the world. The platform has also rolled out a native token called BIG which is the primary cryptocurrency on the network. With a total supply of 200,000,000,000 units, the token can be used for transactional purposes like staking, liquidity management, voting, and funding marketing activities, among others. The BIG Token is available on presale for interested users; around 70% of the token supply was set aside for public presale.
Of the remaining token supply, 20% of the tokens will be sold via private sale. Lastly, the rest of the token supply will be utilized for funding marketing activities (5%) and Big Eyes’ charitable donations (5%). Moreover, no taxes will be levied on the sale or purchase of these tokens. The platform will also be rolling out an NFT series and will conduct regular events to facilitate their sale. Users should know that all NFT-related transactions would be subject to a 10% tax. The tax proceeds would be divided into different categories – 4% among original NFT sellers, 5% among BIG token holders, and 1% for charitable donations. Moreover, the platform has a policy of incentivizing participation, hence, it will be awarding NFTs and BIG Tokens as rewards to its users for their engagement. Users will be able to track all charitable donations made by the platform via the charity wallet.
Avalanche launches DeFi rewards programme
Avalanche is a smart contracts platform for deploying and scaling Ethereum-friendly dApps. Apart from building dApps, developers can also create customized blockchains and virtual machines for their requirements. Its key offerings include its premier scaling solution subnets which can support a robust ecosystem of app-specific and scalable blockchains. Its native token is called AVAX and it can be used for staking and other similar transactional purposes. In a recent development, Avalanche announced the launch of its DeFi rewards programme ‘Avalanche Rush‘ for trading platform GMX. GMX will receive AVAX Tokens worth $4 million to fund growth incentives. The grant is a part of the Avalanche Rush Incentive programme – an initiative for developing Avalanche’s DeFi ecosystem.
Monero launches online campaign donation tracker
Monero is a decentralized cryptocurrency that focuses on keeping the users’ financial details secure. It uses next-generation technologies like Ring signatures, RingCT, and Stealth Address to safeguard users’ details. At Monero, every user is anonymous and each transaction is private, which makes it impossible for these details to be traced. Its native token is XMR which comes in handy while dealing with transactional purposes like staking and payments. In a recent development, the network launched its open-source crowdfunding website to raise funds for its Magic Monero Fund. The website serves as a tracker for donations made towards the campaign and accepts Bitcoin and the XMR Token as donations. Users also have the option of using their credit or debit cards for donations.
While these three cryptocurrencies have left their mark on investors, for cryptocurrency analysts Big Eyes is the number one crypto asset that has their attention. Of the analysts who have reviewed it, many have claimed that it will be outperforming the other two cryptocurrencies because of its higher growth potential and efforts to bolster the DeFi ecosystem.
Learn more about the Big Eyes Token:
Use code SUSHI890 to get bonus tokens with your Big Eyes purchase