Toon Finance Drops DEX

Crypto trading is as hot as ever, but that hasn’t meant everyone’s staying on the platforms they used in the past. In contrast, DEX platforms have become increasingly popular, with countless people flocking to various options. That’s also the case for crypto coins, which have become more and more diverse.

Dogecoin and Shiba Inu have been some of the more popular of these, but there’s a new contender getting more and more traction. Toon Finance has exploded in the lead-up to its release, with this showing no sign of slowing down.

It’s worth diving into why this is the case, but it’s best to figure out what DEX platforms are in the first place to understand Toon Finance’s growing popularity.

What Are DEX Platforms?

DEX stands for decentralized exchange, with DEX platforms not having a central server that conducts all trades. That makes them much more secure for a few reasons. Since there’s no single-point-of-failure, the platform can’t be taken down by hackers. It ensures the platform keeps running, no matter what.

The lack of a central authority also means you can conduct trades without anyone looking over your shoulder. Add in the anonymity factor, and nobody even needs to know who you are when you’re trading. If you want privacy, then DEX platforms are the only way to go.

The anonymity factor also means you wouldn’t have to go through a time-consuming sign up process. Instead, it’s simply a matter of clicking a few buttons, linking your crypto wallet, and starting to trade. Outside of anonymity and enhanced security, decentralized exchange platforms offer several other benefits, such as:

• Increased Accessibility – You only need an internet connection to sign up for and log into a DEX platform, making it much more accessible than centralized exchange platforms.
• Lower Fees – With a lack of middlemen and a central authority figure, there are fewer people involved in the crypto trades. That leads to lower fees for users, letting them focus on making profitable trades without paying through the roof to do so.

Coupled with that are the coins associated with such platforms, with Dogecoin and Shiba Inu being two of the more notable. While these look to be overtaken by Toon Finance, it’s worth diving into what they are and why they’re popular.

What Is Dogecoin?

Originally started as a dig against Bitcoin, Dogecoin is a cryptocurrency with cult-like status created in 2013. In the almost decade since then, it’s grown increasingly popular, eventually rising to a high of $0.68. Elon Musk was a partial driver of this, at one point mentioning it on Twitter to millions of followers.

Run on a dedicated ledger, it’s constantly being updated and kept secure using cryptography. Transactions are processed using a proof of work consensus mechanism, with transactions being recorded almost instantaneously.

It’s one of the more challenging crypto coins for speculative trading, however, as the ledger creates millions of new Dogecoins every day.

What About Shiba Inu?

If Dogecoin is a dig at Bitcoin, then Shiba Inu can be seen as a dig at Dogecoin. Originally launched as a parody, it’s since grown to become incredibly popular. The cryptocurrency is based around whether it could be completely controlled by the community, making it one of the more notable DEX platforms on the market.

Since being established, it’s grown to have over 500,000 members in its user base, with each of these embracing the crypto coin’s underlying principles. As part of the coin’s humor, one of these principles is an undying love of the Shiba dog breed, which the coin was named after.

Finding An Alternative

As popular as Shiba Inu and Doge Coin have become, it looks as though they’re going to be eclipsed by Toon Finance. With both platforms being started as somewhat of a joke, it’s easy to see why. It’s worth looking at why users are choosing Toon Finance.

Introducing Toon Finance

Toon Finance has seen an explosion in popularity in the past while, with there being quite a few reasons behind this. One of the more notable reasons behind this is that it’s shown greater returns than both Shiba Inu and Dogecoin, providing users with more of a profit.

Then there’s the innovative features that Toon Finance offers, with cryptocurrency analysts highlighting how lucrative these can be. The various play to earn options are some of the most notable of these, with users having more of these than seen with multiple alternatives.

The amount of presale funds they’ve built up, it’s easy to see why countless speculators and analysts are focusing on it. It’s about to set the crypto world on fire any day now.

Elon Musk and Crypto

Tesla CEO Elon Musk has been accused of manipulating the crypto markets after a series of sudden and unexpected tweets about Dogecoin and Bitcoin.

On February 4, Musk tweeted “Dogecoin is the people’s crypto” and then followed it up with a series of tweets about the “meme cryptocurrency” over the next few days. The result was a massive pump in the price of Dogecoin, with it rising from $0.06 to $0.08 on February 7.

Then, on February 19, Musk tweeted that Tesla had invested $1.5 billion in Bitcoin, sending the price of BTC soaring by over 10%. The following day, he announced that Tesla would start accepting Bitcoin as payment for its cars, leading to another price surge.

Critics have accused Musk of using his influence to manipulate the markets for his own gain, while others have praised him for bringing attention to cryptocurrencies. However, there is no denying that Musk’s tweets have had a significant impact on the prices of BTC and DOGE in recent weeks.

The Impact of Elon’s Tweets

Elon Musk is no stranger to Twitter manipulation. In 2018, he used Twitter to pressure the SEC into approving Tesla’s $2.6 billion acquisition of SolarCity. And more recently, he has been engaged in a public feud with short-seller Andrew Left of Citron Research, which has resulted in Left being temporarily banned from Twitter.

So it should come as no surprise that Musk is now being accused of manipulating the crypto markets. His sudden interest in Dogecoin sent its price soaring by 33% in just three days, and his announcement about Tesla’s investment in Bitcoin caused BTC’s price to jump by 10%.

While some have praised Musk for his positive impact on the crypto market, others have criticized him for his potential role in market manipulation. For example, Ethereum co-founder Vitalik Buterin has accused Musk of “single-handedly destroying” the crypto market with his “irresponsible” tweets.

Whether you love him or hate him, there’s no denying that Elon Musk is one of the most influential people in the world right now. And his recent tweets about Dogecoin and Bitcoin have had a major impact on the crypto markets. While some investors are thrilled with the boost in prices, others are concerned about the potential for manipulation. Only time will tell how this all plays out in the end.

Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale

The continued success of meme currencies in the cryptocurrency market is indicative of both their innovative potential and their ability to foster the growth of communities. Investing with them is not only a joyful and low-cost way to get started, but also a way to join a thriving and supportive online community at the same time.

Despite the current market slowdown, meme currencies are progressing significantly in terms of growth, expansion, and foresight. Meme currencies are increasing in value due to the growing usability of these currencies.

In spite of the icy conditions on the cryptocurrency market, we will examine the recent successes and distinctions of Shiba Inu (SHIB) and Big Eyes Coin in this article.

Shiba Inu (SHIB).

Shiba Inu (SHIB), a cryptocurrency that competes with Dogecoin, was initially announced in August 2020. (DOGE). It intended to triumph by annihilating its rival and collecting the gains associated with the pump-and-dump investing strategy employed by meme currency. However, the coin has evolved from its humble beginnings, and its primary selling point is now the vibrant community that surrounds it.

This group has naturally developed, and the inclusion of the Shibaverse, which was published last year, has made it fairly valuable at the moment. This metaverse is fueling Shiba Inu’s ongoing organic expansion, innovation, and education.

Another much anticipated day in the Shiba Inu community was the September introduction of ShibaEternity, a play-to-earn (P2E) game that has been a major hit and has received praise from experts for its speed and functionality.

Over the past two years, Shibaverse and Shiba Eternity have released new versions on a regular basis, showcasing the coin’s inventiveness, foresight, and resiliency in the face of the crypto cold.

According to CoinMarketCap, the current cost of one SHIB is 0.00000012 dollars, making it the fourteenth most expensive cryptocurrency in the world. The market value for the coin is currently sitting at 6.991 billion dollars. By the end of 2023, specialists in the field predict that the price of a Shiba in Shibverse, ShibaSwap, and Shiba Eternity will increase to $0.000040.

Big Eyes, big chance?

A cat-themed meme coin project called Big Eyes claims to donate 5% of its token supply to good causes. On the Ethereum blockchain, Big Eyes is issued as an ERC-20 token with the ticker BIG. BIG is referred to by the project as a “community token” that aims to expand the DeFi ecosystem and support humanitarian endeavors.

The Big Eyes cryptocurrency team also announced that they would be producing an NFT collection that would grant owners access to special Big Eyes-related events.

Big Eyes’ is a fully fledged community token with the explicit purpose of transferring wealth into the defi ecosystem and safeguarding a crucial area of the global ecosphere. Community tokens are significant revenue producers for the neighborhood and charities.

But Big Eyes wishes to provide more than that, so it is developing a blockchain ecosystem that can self-propagate for hyper growth using non-fungible tokens (NFTs). This will allow users to gain access to more material and events, which will ensure that the blockchain hype ship is one that is definitely worth boarding.

The Big Eyes roadmap also has the following objectives:

• Stunts in the media and marketing to increase awareness of the project
• audits to verify the safety of the token’s smart contract
• charitable contributions
• obtaining BIG listings on several cryptocurrency trading platforms
• Design and market items with a Big Eyes motif.
• Big Eyes does not have a buy tax or a sell tax, in contrast to several other meme coins. This might encourage people to actively engage in transactions with BIG.

The founders of the project all go by pseudonyms, so no one can identify the Big Eyes crew. Big Eyes token issuance is restricted; the BIG maximum supply is capped at 200 billion tokens. The majority of the BIG supply will be held by community members, according to the idea. BIG’s initial selling price during the token auction was $0.0001. Big Eyes’ market cap would be $20 million if the whole quantity of the token were in use and it traded for $0.0001.

The Big Eyes plan also includes a number of decentralized finance (DeFi) solutions made specifically for owners of BIG tokens, in addition to community-building initiatives. For instance, Big Eyes intends to introduce a bridge that will allow tokens to be transferred across various blockchain systems and a platform for exchanging tokens. This strategy is comparable to certain other meme currencies, including Shiba Inu (SHIB).

A public pre-sale that anyone with an Ethereum wallet, such as MetaMask, could access helped the Big Eyes team gather money for the project. With this initiative, $1.95 million USDT was the target.

It is hardly unexpected that these two cryptocurrencies have risen to success despite the weak market. Even if the market is showing a downward trend right now, they have all used this opportunity to show their strength. This is quite encouraging for their chances once the bull market picks back up.

Regarding Toon Finance

The Toon Finance Protocol was developed by a group of blockchain developers and industry professionals with the aim of addressing the externality surrounding the need for P2E gaming by offering a P2E metaverse protected by SHA256 encryption.

A central hub for trading NFTs, exchanging digital currencies, and connecting blockchains is offered by Toon Finance. Toon Finance will soon be releasing some very exciting updates, as well as new features for our platform and details on how you can participate in the Space Battle Grounds or embark on an Advance with your friends in the P2E lobby, so if you’re as excited about cryptocurrencies as we are, you’ll want to stick around here.

Participate in the Toon Finance presale, which is currently open, to help create a decentralized ecosystem that is supported by actual individuals who are passionate about bitcoin. We at Toon Finance are more than simply a well-known company; we are also a team of innovative thinkers that enjoy working with others to solve challenging situations.

Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale

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