Decentralized finance (DeFi) has been gaining traction over the past few years by offering investors an alternative to the traditional banking system. DeFi assets like cryptocurrencies and meme coins are powered by blockchain technology and hence are not regulated by a third-party service provider like an investment bank or brokerage firm. However, the market is flooded with DeFi assets like cryptocurrencies, and investors are spoiled for choice. An ideal strategy to navigate through crypto markets is to start with research. Just draw up a list of some of the leading names like Big Eyes (BIG), Chainlink (LINK), and Axie Infinity (AXS) and compare them.
Big Eyes: Where DeFi Protocols Meet Financial Inclusion
Big Eyes is a meme coin that is based on the life of a cat called Big Eyes who turned his biggest weakness – his cuteness – into a strength by inspiring memes and earning millions. The underlying principle behind the platform is to enable more people to benefit from the potential of DeFi protocols and earn higher returns.
Its native token is called BIG and it is used for various transactional purposes like liquidity pool acquisition, staking, marketing, and distributing rewards, among other uses. The total supply of tokens is 200,000,000,000 units and these tokens can be bought on presale.
The Big Eyes team has laid down a few rules for buyers interested in purchasing the native token on presale. For starters, buyers must have ample units of either ETH or BNB tokens. Users can also buy the BIG Token through a debit or credit card. Next, the buyer’s digital wallet must be activated and linked to Wallet Connect. The best options that work seamlessly with Big Eyes are MetaMask and Trust Wallet. In the last step, users can select the payment method and then make the payment. The BIG Tokens that they have purchased will be accessible on the claims page after the presale ends.
The Big Eyes platform will also be rolling out an NFT series for its users. It will be hosting NFT events so that these assets could be traded regularly. As Big Eyes has a policy of incentivizing participation, users can look forward to receiving BIG Tokens and NFTs as rewards. However, the platform would be leaving a 10% tax on all NFT-related transactions. At the same time, no tax would be levied on selling or buying BIG Tokens.
Nuon Finance Partners With Chainlink BUILD
Chainlink is an oracles-based platform for connecting smart contracts to data and decentralized services. The network offers tamper-proof computations that can support smart contracts on any kind of blockchain. Its features enable developers to even retrieve data from application programming interfaces (APIs) and integrate with pre-built systems. Its native token, LINK, is the key cryptocurrency of the network. In a recent development, the network announced that Nuon Finance – a flatcoin pegged to inflation – would be joining the Chainlink BUILD network to boost its adoption.
Axie Infinity Partners With News Platform CryptoCity
Axie Infinity is a play-to-earn platform where users earn NFTs and cryptocurrencies as rewards by participating in blockchain-based games. Players get the opportunity to earn and mint NFTs which are represented by a group of pets called Axies. The network has rolled out a native token called AXS for facilitating various transactional uses on its platform. In a recent development, Axie Infinity announced that it will be partnering with cryptocurrency news platform Crypto City to spread awareness about the latest news about its network among readers and crypto enthusiasts in Latin America.
Many analysts believe that Big Eyes would be outperforming other cryptocurrencies in the future because of its higher growth potential and efforts to develop the DeFi space. They also claimed it is only a matter of time before the meme coin starts smashing records with its impressive returns.
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