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.

Learn more about the Big Eyes Token:

Presale: https://buy.bigeyes.space

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Crypto enthusiasts have been searching for better alternatives to top-ranked crypto assets as it is always a good idea to invest in low-priced tokens as early as possible. The ongoing crypto winter made the job much harder. Most newbies are planning to buy popular cryptocurrencies whereas seasoned users are taking more interest in new coins.

The Big Eyes (BIG) Token has become the centre of attraction since its presale. This community token has crossed the $11 million target in presale rounds. It may emerge as the most promising meme token by the end of 2022. Can this community token beat Avalanche (AVAX) and Hedera (HBAR) in the long term?

Big Eyes: Ready To Take The Big Leap And Get Ranked Among The Top Meme Tokens

Meme tokens were not taken seriously earlier, but they have become wealth-generating assets and are considered popular coins currently. The Big Eyes Token is the latest meme token with added utility. It has everything that seasoned investors seek in a top-performing cryptocurrency. This token has the potential to quickly jump in ranking and become the best DeFi meme token.

Being the cutest meme token, Big Eyes aims to start the reign of cat-themed tokens. The native community will hold the power to bring major changes to the platform. Community members will play a crucial role in bringing more wealth into the decentralised finance ecosystem.

Committed To Becoming The Most Popular Meme Token In 2022

This token is selling out rapidly in the presale stage. It has decided to spend a considerable sum of money on marketing to attract crypto enthusiasts. It will use the world’s top influencers, media platforms, and other marketing channels to attract investors.

A perfect marketing campaign will help Big Eyes attract more users in the long term. It is committed to becoming the most popular meme token in 2022. Thousands of crypto enthusiasts already know about the Big Eyes Token and many more are planning to buy it as soon as possible.

Educating Newcomers To Increase The Use Of Defi Platforms

The Big Eyes platform will provide tutorials and guides to educate newbies. This platform will become a one-stop destination for learning everything about the DeFi ecosystem. More people will use decentralised finance platforms to transfer assets. Thus, DeFi may soon emerge as a viable alternative to a centralised finance ecosystem.

How To Purchase The Big Eyes Token Now?

You must follow the steps given below to buy the BIG Token.

• Step 1: Install the MetaMask Wallet or Trust Wallet extension on your web browser
• Step 2: Load your wallet with BNB, USDT, or ETH tokens
• Step 3: Go to the official website of the Big Eyes Token
• Step 4: Click the “Buy Now” option
• Step 5: Connect your crypto wallet
• Step 6: Select the number of ETH/BNB/USDT Tokens you want to swap for BIG Tokens
• Step 7: Complete the purchase and wait for the conclusion of the presale round

You can claim the purchased BIG Tokens once the presale round concludes. Don’t forget to use exclusive code SUSHI751 with your purchase for BIG rewards!

Avalanche: Offering An Affordable, Eco-Friendly, And Blazingly Fast Blockchain Network To Launch dApps

Avalanche is an open and programmable platform used by many developers to launch dApps. It has become a major competitor to the Ethereum network. Developers can use Avalanche to launch many applications, such as DeFi protocols, dApps, Stablecoins, NFTs, and more. Avalanche claims to process up to 4,500 transactions per second. Ethereum processes 15-30 transactions per second and the Bitcoin blockchain processes only 7 transactions.

Therefore, Avalanche is offering a more lucrative network to launch and run dApps. The AVAX Token is similar to Ether and BTC tokens. Users need it to pay transactions and stake it for securing the entire network. As per reports, transactions on the Avalanche network are growing pretty rapidly. It has introduced many essential network upgrades to attract more users. The Defiant has praised Avalanche for its steady growth and it may encourage more investors to buy the AVAX Token.

Hedera: Offering An Energy-Efficient Cryptocurrency That Powers The World’s Largest Enterprise-Grade Public Network

The world’s leading business organisations govern the Hedera network. It has emerged as a fast and energy-efficient alternative to traditional blockchains. This network is fast, reliable, and perfect to launch feature-rich dApps. It claims to process over 10,000 transactions per second. Each transaction costs only $0.0001, which is much lesser than the transaction cost charged by Bitcoin and Ethereum networks.

The HBAR Token powers the entire Hedera ecosystem. Users need this token to pay affordable transaction fees, use Hedera’s cutting-edge features, and stake crypto assets. As per reports, the smart contract activity has increased on the Hedera network by 2,400%. Messari has shared a detailed assessment in its latest report. Arkhia and other service providers are making it super easy for developers to build on the Hedera network and provide state-of-the-art decentralised apps.

Growing demands for the Big Eyes Token prove that it may become the most popular crypto asset in 2023. Up to 90% of the total supply of the BIG Tokens will be available after the official launch and thousands of users may buy a huge chunk of the total supply. The BIG Token may become more popular than Avalanche, Hedera, and other prominent DeFi tokens.

To learn more about Big Eyes Coin (BIG) click below

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

In conventional markets, investors purchase and keep assets in anticipation that their value will increase over time.

It is challenging to forecast an asset’s future worth in the cryptocurrency market because a number of variables can impact its price. What cryptocurrency should you keep and what should you sell, then?

To assist you in choosing wisely, we are contrasting TerraClassic (LUNC), USDD, and Snowfall Protocol (SNW).

A Decentralized Currency Protocol: USDD

The TRON DAO Reserve has released USDD, a cryptocurrency that has steady price but minimal applications. An integrated incentive structure and a flexible monetary policy helps enable the USDD to self-stabilize in the face of price swings, and strengthen its position as a genuine settlement currency.

According to Justin Sun, the USDD stablecoin will be one of the most decentralized stablecoins. USDD will be made available on TRON, Ethereum, and the Binance Smart Chain. TRON combined all of its resources to build the USDD stablecoin.

The USDD algorithmic stablecoin works similar to Terra’s UST. Users have the option to redeem one USDD for one U.S. dollar if the stablecoin falls below the aforementioned peg ratio. One US dollar can be exchanged for one USDD if the stablecoin’s price rises over the $1 set value.

In the past week, Tron has added 1.75 million addresses while TRX has recovered some of its losses. In the first half of November, TRON (TRX) suffered significantly as a result of the collapse of FTX, an exchange that was once regarded as the third largest in the world.

From its price of $0.064 on November 6, TRX plummeted to $0.046 on November 14. Though the cryptocurrency managed to stage a rebound and recover its losses, it is still trading below its all-time high. Thus, Tron’s Plan is to Make USDD the “Foundational Currency” of the Digital Economy.

The price of the USDD is $0.976984 at the time of writing, down 0.08% from the prior day.

The value of TerraClassic (LUNC) declines significantly

Since its first release, the value of TerraClassic token (LUNC) has largely decreased. TerraClassic (LUNC) has seen a 100% negative year-over-year price movement, which suggests that the company has a dismal long-term outlook.” In May of this year, the TerraClassic network, whose native token is LUNC, crashed, wiping out over $60 billion in market value”. Thus, when the project’s algorithmic stablecoin lost its peg to the dollar and TerraClassic (LUNC), the token that was meant to be its stabilizer, went into hyperinflation.

TerraClassic (LUNC) has experienced adverse recent trading action, with a loss of 6.38% over the previous 30 days. Prior to May, the value of the TerraClassic (LUNC) token was $116.13; it is now only worth $0.000246. What the future holds for the TerraClassic (LUNC) project is currently unknown. Anyone considering investing in the TerraClassic (LUNC) coin runs a great risk due to the significant value loss for investors.

Snowfall Protocol (SNW) is most likely to grow

Snowfall Protocol (SNW) is the first ecosystem created for fungible and non-fungible token cross-chain transfers. The goal of Snowfall Protocol (SNW) is to lower the many technological obstacles to entry and give users the opportunity to earn from any blockchain project of their choice by utilizing the platform’s top tools. Users of the decentralized Snowfall Protocol (SNW) application can exchange assets across chains that are both compatible and incompatible with EVM.

Snowfall Protocol’s (SNW) cost has already increased by more than 300%. The optimum moment to buy Snowfall Protocol (SNW) is now because its price of $0.095 is significantly below market value. By the time it is launched, the scale of Snowfall Protocol (SNW) may have increased by a factor of 5000, according to experts. The value of Snowfall Protocol (SNW) could one day soar to become 1000 times larger than what it is currently worth, according to top market analysts.

get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

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:

Presale: https://buy.bigeyes.space

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Use code SUSHI890 to get bonus tokens with your Big Eyes purchase

Credit Guarantee companies are institutions licensed by the Central Bank of Nigeria (CBN) with the primary objective of providing guarantees to banks and other lending financial institutions licensed by the CBN as well (otherwise known as “Participating FIs/Financial Institutions”)  against the risk of default by credit facility obligors.

This article will be focused on the topics of :-

– The regulatory framework governing credit guarantee companies in Nigeria.

– The permissible and non-permissible activities of licensed credit guarantee companies in Nigeria.

– Licensing/Registration requirements for credit guarantee companies in Nigeria.

What are the components of the regulatory framework governing credit guarantee companies in Nigeria?

The Central Bank of Nigeria is in charge of the licensing and operation of credit guarantee companies in Nigeria by virtue of the CBN Guidelines For the Regulation & Supervision of Credit Guarantee Companies 2022 made pursuant to the Central Bank of Nigeria Act 2007.

What are the permissible and non-permissible activities of credit guarantee companies?

Permissible Activities

– The provision of guarantees for risk assets of participating FIs.

– Renderings advisory services for financial and business development.

– Investing surplus funds in government securities.

– The maintenance and operation of various types of accounts with banks in Nigeria.

– Partaking in other investments as may be approved by the Central Bank of Nigeria.

Non-permissible Activities

– Trading in foreign exchange.

– Managing Pension funds or schemes.

– Trading in derivatives and swaps.

– Providing credit to customers.

– The provision of guarantees to entities outside Nigeria.

What are the registration/licensing requirements for a credit guarantee company in Nigeria?

Credit Guarantee company licensing in Nigeria is in 2 stages :-

– The Approval-in-Principle (AIP) stage.

– The Final Licensing stage.

The Approval-in-Principle stage

To commence the process for setting up a credit guarantee company, you are to send the following to the CBN :-

1. A written application.

2. Proof of an application fee of 100,000.00 Naira (non-refundable) payment to the CBN.

3. Evidence of a deposit of the specified minimum paid-up capital requirement of 10 Billion Naira (refundable upon the license grant).

4.Evidence of capital contributions made by each shareholder.

5. Evidence of name reservation with the Corporate Affairs Commission (CAC).

6. A detailed business plan/feasibility report.

7. A Certified True Copy CTC of a Certificate of Incorporation  and a board resolution signifying an intention to  invest in the proposed credit guarantee company where any of the investors or shareholders of the proposed credit guarantee company is a company.

The AIP stage takes a total of 90 days and the proposed credit guarantee company shall not incorporate its name with the CAC until an AIP has been obtained from the CBN.

The Final Licensing stage

Not later than 6 months after the after the AIP grant, the promoters of a proposed credit guarantee company shall submit an application for the grant of a final license to the CBN along with the following:-

– Evidence of payment of a non-refundable 1 Million Naira licensing fee to the CBN.

– A Certified True Copy (CTC) of the credit guarantee company’s Certificate of Incorporation.

– Certified True Copies(CTCs) of the credit guarantee company’s MEMART Memorandum/ Articles of Association and the CAC Form 1.

– Stamp Duty payment evidence.

– Evidence of head office location.

– A schedule of changes in the board of directors and schedule of charges in the company after an AIP grant if any.

– The conduct of a Pre-licensing inspection of the credit guarantee company’s office by the CBN.