Home Technology How Big Eyes Coin, Cardano, and MakerDAO Stand Up in the Crypto Market

How Big Eyes Coin, Cardano, and MakerDAO Stand Up in the Crypto Market

How Big Eyes Coin, Cardano, and MakerDAO Stand Up in the Crypto Market

The trend Big Eyed Coin (BIG) and its attention-grabbing feline mascot are furiously making waves in the cryptocurrency and blockchain networking community. With its growing recognition of potential and growth, Big Eyes Coin attracts a lot of attention even in addition to the regular big names in cryptocurrency like Ethereum and its currently declining rival Dogecoin. What could be so great about this piece? You might ask. Here’s a full rundown of what’s so great about the Big Eyes coin.

Trading and buying cryptocurrency can sometimes be too technical and difficult to understand for many people, especially new users. Big Eyes Coin will change that narrative and history by creating a platform where users can generate profits for initial purchases using the platform’s tools and system.

Step into the world of kindness with the Big Eyes coin

How Big Eyes Coin, Cardano, and MakerDAO Stand Up in the Crypto Market

Image source: BigEyes.space

As a new community cryptocurrency in the increasingly popular coin industry, Big Eyes Coin (BIG) is a blockchain network that aims to bring wealth into the decentralized finance environment ( DeFi) while protecting the global ocean ecosystem.

Big Eyes Coin is a worthwhile purchase because currently DeFi is inaccessible to 99% of the world. Additionally, there are Big Eyes Coin products that will be available in both digital and physical form, allowing you to cash in on your profits in style and class.

Big Eyes Coin will facilitate its development in a short period of time. A development plan has been drawn up for this purpose. The first plan is to bring together acquisition through social media and its wide range of influence. Its initial success will depend on the already encouraging reception and popularity of the platform in its early days.

Big Eyes (BIG) will develop an NFT project that will be community-based and bring value to the ecosystem and will be ranked among the top 10 NFT projects shortly.

With its growing popularity among famous influencers and celebrity circles, the Big Eyes Coin would provide optimal and satisfying services on its platform. It would include many practical and interesting features that would make it unique from other Blockchain networks.

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Big Eyes Coin (BIG) Tokenomics

● No purchase tax, sales tax or fees are involved.
● 90% of its 200 billion tokens would be available for purchase at launch.
● Availability in the cryptocurrency exchange shortly after launch.
● 5% of its total token supply goes to ocean sanctuaries for the benefit of the ocean ecosystem.
● The initial liquidity would be blocked for 2 years.

Big Eyes Coin is the functional token that will be used for activities, rewards, governance, and fees on the platform. Even event profits will go into a burn or unburn vote for users to decide and a dynamic tax system will allow fees for LP acquisition and marketing portfolio.

The Big Eyes Coin platform will also hold giveaways and rewards for user participation on the platform. The community, as a DeFi platform, would allow token users to vote on major changes and decisions to be made on the platform.

Bigeyes official website: big eyes.space

Twitter: https://twitter.com/BigEyesCoin

Instagram page: https://www.instagram.com/BigEyesCoin/

Telegram: https://t.me/BIGEYESOFFICIAL

The Web 3 Protocol – Cardano

The Web 3 Protocol - Cardano

Cardano (ADA) is a blockchain network platform for innovators, changemakers, and people with the right tools and technology to bring about positive change in the global community.

Cardano has proven to be one of the most active and busy digital assets in the cryptocurrency and blockchain network community over the past year with predictions of increasing value. It is not too much to say that Cardano is a token worth buying if you are looking for increased profits.

Cardano (ADA) is built by a decentralized community of scientists, engineers, and thought leaders united in a common goal which is to create a technology platform that will spark the positive change the world needs. The system believes that the future should not be defined by the past and that more is possible through technology.

Each Cardano holder also owns a stake in the Cardano network. Cardano stored in a wallet can be delegated to a staking pool to earn rewards. Eventually, Cardano will also be usable for a variety of applications and services on the Cardano platform.

As a third generation or Web 3.0 protocol, Cardano solves the problems of blockchain technology: scalability, speed of transactions and total decentralization. The platform is the first protocol based on peer-reviewed research.

Cardano aims to develop a reliable and secure platform for easier access to financial services, the development of DApps and the improvement of blockchain technology. To achieve this, the platform uses Hydra – a layer 2 scaling solution and Ouroboros – a chain-based proof-of-stake mechanism. ADA is Cardano’s native cryptocurrency and is used to store, send and receive funds.

What you can do with Cardano tokens

ADA is a digital cryptocurrency that any user, located anywhere in the world, can use as a secure exchange of value without the need for a third party to provide the exchange. Each transaction is permanently, securely and transparently recorded on the Cardano blockchain. Each Cardano holder also owns a stake in the Cardano network.

Advantage of Cardano over Ethereum

Developers can use both Ethereum and Cardano blockchains for similar functionality, like executing custom programming logic (smart contracts) and building decentralized applications. The heart of any blockchain platform is the algorithm it uses to create blocks and validate transactions.

Gimbal and Ethereum use different blockchains. The main difference currently is that Ethereum’s proof-of-work blockchain is found to be less flexible than Cardano’s Proof-of-Stake Ouroboros consensus protocol.

It seems that looking at the current market trend, Cardano seems like a better buy. Its price is more affordable than the price of Ethereum right now and its potential value is also increasing. As the DApp market grows, Cardano should see its value increase.

A Better Smart Cryptocurrency – MakerDAO (DAI)

A Better Smart Cryptocurrency - MakerDAO (DAI)

Image source: MakerDAO (DAI)

As the world’s first unbiased currency, ManufacturerDAO (DAI) is a stable and decentralized currency that does not discriminate between parties. Any individual or business can enjoy the benefits of digital cryptocurrency. As an Ethereum-based protocol, MakerDAO is the creator of DAI, a stablecoin which is a popular type of cryptocurrency that serves as a midpoint between centralized and decentralized asset exchange.

These types of cryptocurrencies are the imitators of traditional currency, but they also work like other cryptocurrencies. This gives it a fairly stable value. The MakerDAO platform is fully decentralized and operates on a government model used by most cryptocurrency platforms: Decentralized Autonomous Organization (DAO).

Users generate MakerDAO tokens by locking cryptocurrency in a Maker Vault at a certain liquidation rate. A Maker Vault is where a user stores their collateral asset and receives DAI in return. Users get their collateral back once they have paid the borrowed DAI.

Users help maintain the value of DAI by interacting on the MakerDAO (DAI) platform through Oasis DApp. These interactions range from participating in governance and creating collateral loans to managing Maker Vaults.

Benefits of MakerDAO (DAI)

● The stability it has makes it suitable for spending. Retailers and individuals don’t always want payment in cryptocurrencies that can change in value overnight, but MakerDAO’s stability makes it optimal.
● You can use it to lock in profits or losses and hedge risk. DAI will offset some of the overall risk in your portfolio.
● DAI benefits from all the advantages of the blockchain. Stablecoins are transferable worldwide without a bank account. They are also incredibly secure if stored correctly.

How does the DAI value stay stable?

It is known that MakerDAO (DAI) is known for its stability. As for how it’s maintained: in addition to reducing risk for MakerDAO as lenders, the CDP mechanism helps peg DAI to the USD. MakerDAO can also vote to change the DAI Savings Rate and Stability Fee to manipulate DAI supply and demand. Let’s see exactly how it goes:

● When the DAI dips below the peg, the system prompts users to repay their debts, collect their collateral, and burn their DAI. This can be achieved by increasing the stability fee, which makes borrowing more expensive. The DAO could also increase the DAI savings rate, thereby increasing the demand for investment in the token.

● When the DAI is above its peak, the reverse process occurs. The DAO creates enticing offers to generate DAI if the stability fee is lowered. This creates a new DAI and increases the total supply, which reduces the price.

Buying these promising cryptocurrencies seems optimistic from an economic point of view. So missing them is going to be a big shame. Purchases are sure to have double, triple or even more profits than expected.

Infostor has no affiliation or relationship with any projects or events, unless explicitly stated otherwise. None of the information you read on Infostor should be considered investment advice.


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