April is coming to an end, so you can be assured that this article is not an April Fool’s joke. Something very interesting could be happening in crypto very soon and it’s all thanks to the Facebook-famous Winklevoss Twins. Well, more accurately, a platform they founded.
Gemini is one of the biggest crypto exchanges in the world and their latest move could see them pass even Binance in relevance right now, though more importantly, it could see some of the more unique new crypto on the market receive more visibility than ever before. But what is it that Gemini is doing, and how does this benefit projects like Big Eyes Coin (BIG) and FightOut (FGHT)?
What is Big Eyes Coin?
The upcoming finale of the Big Eyes Coin (BIG) presale on June 3rd has been making waves in the market, with the new meme coin already raising over $34 million. This is a remarkable achievement for a presale and the trend is expected to continue until the end. The coin’s unique presentation, charitable goals, and an upcoming NFT collection have contributed to its impressive performance.
As a meme coin entering the market after the boom, Big Eyes Coin faced tough competition from established players with years of market experience. However, the project has proven to be solid, and its supportive community has played a critical role in its success.
The success of Big Eyes can be attributed to its tokenomics, which are both lucrative and rewarding to its community. The presale has demonstrated the project’s viability and has created excitement among investors.
Moreover, the coin’s philanthropic goals have resonated with many investors. The project plans to use a portion of its profits to fund charitable initiatives, which has endeared it to many investors who see the coin as a way to contribute to a worthy cause while also making a profit.
Big Eyes is also set to release an NFT collection that promises to be unlike any other. This has created anticipation among investors, and many are eagerly waiting for the release of the collection. With such a unique selling proposition, the coin is expected to attract even more investors, which will contribute to its continued success.
For a limited time until the presale ends, you can use the presale’s final bonus code, END300, and earn 300% extra tokens on top of your purchase.
What is FightOut?
FightOut (FGHT) is a unique web3 platform that aims to revolutionise the way people approach fitness by combining it with the power of cryptocurrency. The platform is designed to help users become the best version of themselves by tracking their progress and rewarding them with tokens.
FightOut is not just about tracking your fitness journey; it’s about providing users with a comprehensive experience that includes a variety of different activities. Users can earn tokens in various ways, such as by completing fitness challenges, sharing their progress on social media, or even participating in virtual competitions in the metaverse.
The use of cryptocurrency in the FightOut platform is significant because it incentivizes users to achieve their fitness goals. By rewarding users with tokens, FightOut is providing a tangible way for users to see the progress they have made and the value they have created for themselves.
The ultimate goal of FightOut is to create a physical gym where users can come together, socialise, and motivate each other as they work out. The gym will act as a hub for the community, providing a space for people to connect and engage with each other.
Gemini’s New Platform Helps the Little Guys
Gemini will be stepping into the world of derivative trading with its new derivatives platform, one that will exclude Gemini’s native US from those who can access its services.
The US Securities and Exchange Commission (SEC) has been cracking down on cryptocurrency exchanges, and its stance towards crypto derivatives has been particularly harsh. Gemini’s CEO, Tyler Winklevoss, has stated that the company has “been considering launching a derivatives platform for a while, but the regulatory environment in the US has made it difficult to do so”.
The new platform is expected to offer a range of cryptocurrency derivatives, including futures, options, and swaps. These financial instruments will allow investors to hedge their crypto holdings and speculate on the price movements of various projects.
The launch of this platform could potentially have a significant impact on up-and-coming cryptos, such as Big Eyes Coin and FightOut. Although these projects have already achieved impressive success, they still lack a significant market presence.
The launch of Gemini’s derivatives platform could be the catalyst they need to establish themselves in the market. By offering futures contracts, the platform could create a more robust market for these tokens and increase their exposure to a broader audience.
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