With the news of the crypto market’s recovery from the crash, users are desperately looking for potential tokens to diversify their portfolios. Are you the one who wants to hold to your savings in this highly volatile market? Or are you trying to make a big move at this time? If so, stick to the end of the article to learn about two market titans followed by Big Eyes (BIG), a new meme token currently in its presale. 

Some old market users with strategic know-how and a deep analysis of how this market works got their way. Tons of people went with the same old horses, which have skyrocketed in price. Among these giants, Avalanche (AVAX) is often taken as a competitor of Ethereum (ETH) and has proven its utility in the market.

Similarly, Monero (XMR) is another token that has been the apple of many eyes of crypto traders who intend to have significant returns and want a solution for their privacy and anonymity-related issues. Now the only thing to ponder is whether the new meme token, i.e., Big Eyes (BIG), despite claiming to be a community-driven token, outperforms big market names like Avalanche (AVAX) and Monero (XMR). Read to the end to find answers to all these questions!

Avalanche (AVAX) – A Popular Ethereum (ETH) Killer

One of the biggest rivals to the Ethereum blockchain, Avalanche (AVAX), supports a booming DeFi (decentralized finance) ecosystem and other smart contract-based applications. It aims to beat Ethereum as a blockchain delivering a higher transaction volume without compromising the platform’s scalability. The platform processes 4,500 transactions per second (TPS). On the other hand, this figure is just 14 in Ethereum’s case.

Avalanche (AVAX) is also called the “Internet of Finance” and is a layer one blockchain platform. It is the first-ever cryptocurrency that eradicated the gap between decentralized applications (dApps) and the conventional market. It provides compatibility between different platforms. The platform allows its users to create and launch customized blockchains. Thus, it is helping enhance the DeFi environment with a framework where users can create customized dApps and blockchains.

Avalanche’s (AVAX) unique features

Some of the features that make AVAX unique are listed below:

  • Transaction cost: The platform offers different charges for transactions depending on the type of transaction and network congestion (how crowded the site is). The Avalanche (AVAX) community votes to decide the transaction fee, making AVAX fees subject to change.
  • Concurrence mechanism: Transactions on this platform are verified using a process requiring many small, random subsets of network participants to confirm or validate transactions before they are finalized. 
  • Rewards and incentives: Fast response times can boost the amount of AVAX rewards a network participant can earn for processing AVAX transactions. 

Monero (XMR)

Monero (XMR) is a decentralized, private network that intends to keep its user’s money safe and their identity confidential. It has a simple goal of allowing transactions to occur privately and anonymously. Some leading cryptocurrencies like Bitcoin (BTC) claim to be anonymous, but it’s often easy to trace payments back to their source because blockchains are transparent. Monero (XMR) is developed to conceal the sender’s and receiver’s information through advanced cryptography. The team behind this network aims to provide privacy and security, with the comfort of use and efficiency coming second.

Unique features of Monero (XMR)

Several things make Monero stand out (XMR). The project aims to achieve the highest level of decentralization possible, eliminating the involvement of mediators. The platform’s ultimate privacy is delivered through a combination of a few unique features. XMR token is fungible, so the details about transactions, users, and the amount being sent are obscured by default. The platform claims to be more transparent than its competitor Zcash (CASH), a privacy coin that is “selectively transparent.”

This protocol works by using the past transaction records saved on the blockchain and acting as decoys. This means the process remains secret. The amount being sent could also be split into random chunks to add a different difficulty level.

Big Eyes (BIG)

Big Eyes (BIG) is a new meme token currently going through its presale stage. This token is based on a cute anime-inspired cat, following the general trend of meme tokens named after animals. Most meme tokens introduced earlier were named after dogs only, but BIG is an exception. The platform intends to be sociable, decentralized, and eco-friendly, all at the same time.

The Big Eyes (BIG) platform is an entirely community-based token. Its primary objective is to shift its users’ money to the DeFi ecosystem. It is well understood for a community token to be a wealth generator. These tokens work to return great values to their community members and actively participate in charity work.

However, Big Eyes (EYES) wants to do more for its community by building a blockchain ecosystem that develops automatically for hyper growth using NFTs. Thus, it offers access to more content, making the blockchain hype-ship well worth sailing.

Unique Features of Big Eyes (EYES)

Some of the features that will make this project distinct from other meme tokens are briefly explained below:

  • Owned by community: The platform will be owned by its community. The community members will be exposed to 90% of the BIG tokens available at launch. 
  • No Taxes: The users won’t be charged any tax while trading the BIG tokens. You can use these tokens for many fun activities without worrying about additional charges.
  • Visible Charity Wallet: The platform will introduce this unique fund holding 5% of BIG tokens for saving the oceans.
  • Dynamic Tax System: The platform does not charge any tax on trading the tokens but intends to introduce a dynamic tax system. This system will assist with features like Liquidity Pool (LP) Acquisition and the Marketing Wallet.
  • NFT collections: The White Paper claims that the platform’s NFT collection will hit the top ten, bringing value for the token. The profit generated from NFT events will go into a burn or not-to-burn wallet based on the community’s vote.
  • Marketing Wallet: 5% of the profit from activities on the platform will be held in a marketing wallet to keep the global platform recognition.

Tokenomics of Big Eyes (BIG) 

Big Eyes (BIG) native token is BIG. The total supply of this token will be 200,000,000,000. The token distribution is explained below:

  • 70% of the token’s supply will be sold to the public via a presale.
  • 20% will be dedicated to exchanges.
  • 5% of the token’s supply will be reserved for marketing purposes.
  • The remaining 5% will be utilized on oceans as a charity, which will be a transparent process.

Further, the platform claims not to charge any tax on buying or selling this token. But, the NFTs will have a 10% tax. 4% of this tax will be distributed to the actual seller, 5% to the holders, and the remaining 1% will go to charity.

Food For Thought

This new meme token, Big Eyes (BIG), will be launched on the Uniswap DEX (decentralized exchange) in its second roadmap phase. However, the presale of the token is already underway. The token will provide a decentralized platform that its holders would be able to govern. The platform seeks to offer a fantastic community-oriented ecosystem.

The Big Eyes Coin (BIG) platform envisions becoming the town’s talk in the coming years by delivering innovation and acquisition. 

Big Eyes Coin’s (BIG) primary objective is to better serve the market and oceans by using blockchain technology to create a self-propagating ecosystem for the growth of NFTs. Apart from its utilities, the platform will also participate in social service. The charity fund allocated by the project will primarily focus on the benefit of aquatic life. Be sure to check this project out, but always remember to do your own research. 

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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