If we study human history, we define eras based on notable contributions made by mankind. For instance, the Industrial Revolution began in the 18th century when European countries transitioned to new manufacturing processes, forever changing industries like textile, construction, steam, and more. If we go further back, another pertinent illustration of when humans outdid themselves was the Renaissance, which began in the 14th century and till the 17th. During this period, Europe’s cultural, economic, and political landscape changed.
Likewise, the turn of the 21st century was dubbed the “Information Age” because of the shift to information technology. Also called the digital age, if there is one invention that has defined this period, it is the internet. The internet completely changed how we conducted business and spent our days. We can purchase commodities, attend lectures and do so much more online. Similarly, cryptocurrency altered the financial landscape when Bitcoin launched in 2009. Cryptocurrencies have become a global phenomenon and experienced rapid growth. However, the markets crashed in 2022 because of a debilitating collapse. Cryptocurrency lost more than two trillion dollars in market capitalization. We will evaluate the market’s position by studying three cryptocurrencies: Uniswap (UNI), Chainlink (LINK), and Big Eyes Coin (BIG).
Uniswap (UNI) – The Profitable Platform
The first of three tokens we’ll discuss is Uniswap (UNI), which ranks in 19th place on CoinMarketCap with a market cap of 6.3 billion and a token price of 6.3 dollars. Both values have augmented by 6.5% in the last twenty-four hours. UNI’s daily trading volume is 118.4 million, decreasing 2.7% compared to a day earlier. From a technical perspective, Uniswap is a decentralized trading platform focused primarily on the automated exchange of decentralized finance (DeFi) tokens. In simpler words, UNI is an automated market maker (AMM). Launched in 2018, Uniswap has climbed the rankings due to the popularity of DeFi protocols.
The team behind UNI aspires to enhance automated trading and make the technology accessible to anyone with tokens. The platform increases efficiency by resolving liquidity concerns through automated solutions in stark contrast to previous decentralized protocols. Uniswap made another notable change in 2020, assigning a governance token, UNI, to its users. There are two advantages of utilizing a governance token. One, it increases the likelihood of profitability for the platform. Two, it gives users the right to contribute since they can vote in favor of or against planned changes.
Moreover, Uniswap came into existence as an AMM on Ethereum. UNI was developed by Hayden Adams, who worked as a developer at the cryptocurrency giant. Adams brought his considerable experience and was inspired by Vitalik Buterin, one of the founders of Ethereum. The platform was initially called Unipeg, coined by Buterin. Besides being an automated market maker, Uniswap (UNI) stands out because of its objective: to provide liquidity. UNI is one of the leading AMMs in the market. The protocol employs an X x Y = K formula to calculate automated exchange.
Automation allows Uniswap to incentivize users and lower the risks and costs attached to the platform. In addition, UNI eliminates the need for user identities, enabling anyone to establish a liquidity pool. In 2018, Uniswap version 2 was released, integrating attributes like ERC-20 pairs, flash exchanges, and price oracles. Version 3 launched in 2021 with extensive capital efficiency for LPs and an improved infrastructure overall. Uniswap has also acquired Genie, a Non-Fungible Token (NFT) aggregator and marketplace. Through Uniswap Labs, UNI token holders can unlock universal ownership.
Chainlink (LINK) – Data Processing Central
Another well-established token we’ll look into is Chainlink (LINK), which ranks at number 24. LINK has a market cap of 6.74 billion and a token price of 6.74 dollars. In the last twenty-four hours, both figures have increased by 5.8%. Chainlink’s trading volume in the same period is 283 million, a rise of 9.1%. The numbers show that LINK is performing well, despite the crypto crash. Chainlink was established in 2017 as a blockchain abstraction layer that supports smart contracts. The platform is equipped with a decentralized oracle network that engages external data feeds, payment mechanisms, and events to compute off-chain data required for smart contracts.
LINK was founded by Sergey Nazarov, who is currently serving as the company’s chief executive officer. The key players in the Chainlink network are smart contract developers, data providers, node operators, auditors, etc. Furthermore, Chainlink (LINK) has the distinction of being one of the first networks to enable the merger of off-chain data with smart contracts. The integration has empowered LINK to partner with renowned data providers like Huobi, Alpha Vantage, and Brave New Coin. The LINK platform allows token holders to operate nodes and earn income by running critical data infrastructure for blockchain technology. Typically, data providers can make data accessible to Chainlink, which monetizes the entire exercise. Chainlink has also become a reliable provider of data processing, thanks to various affiliations.
Introducing Big Eyes Coin (BIG)
Uniswap (UNI) and Chainlink (LINK) are distinguished cryptocurrencies. On the other hand, the next token we’ll study is a promising one called Big Eyes Coin (BIG). BIG will channel wealth into the decentralized finance (DeFi) ecosystem as a community token. Big Eyes is concentrated on saving the oceans, and the way to do that is to move wealth into DeFi. Generally, community-focused tokens are meant to generate wealth for charity. BIG is unique because its makers aim to facilitate the blockchain ecosystem to grow aggressively through NFTs. Non-Fungible Tokens will grant token holders access to exclusive events and content.
To understand Big Eyes Coin’s motivation for preserving the oceans, we must appreciate the exceptional journey he’s been on. BIG is a male cat who was born in Washington, D.C. When he was a kitten, Big Eyes was adopted by a rocket scientist, who loved him dearly and taught him about space engineering. Unfortunately, BIG’s owner died when he was three years old. Big Eyes embarked on a yacht to avoid loneliness, seeing the world’s oceans. While he was circumnavigating the vast oceans, BIG practiced yoga. However, Big Eyes went overboard and was stranded at sea. Facing certain death, BIG was saved by a humpback whale.
The whale took Big Eyes to Japan, where he was learning. He immersed himself in Japanese culture, practicing Zazen and making sushi. During his stay in Japan, BIG realized his purpose: to save the oceans. 90% of tokens will be available at launch. 5% will be allocated to a charity wallet for the oceans, and the remaining 5% will be used for marketing.
An advantage of BIG is that token holders do not have to pay any fees or taxes. Early adopters will benefit from a flexible tax mechanism. Token holders can make changes to incorporate liquidity protocols, auto-burn functions, and a marketing wallet. Finally, NFTs will be a pivotal aspect of the Big Eyes platform. Exclusive NFT events will be arranged, and the profits generated from these events will be put to a burn or not to burn vote.
How to purchase Big Eyes Coins?
You must install MetaMask on your mobile device or desktop to purchase Big Eyes Coin. Once the wallet is ready, you must connect with it and press purchase. You can buy ETH by card, BIG tokens with ETH, or BIG with USDT. Once the presale is done, you can claim your tokens.
The key performance indicators of cryptocurrencies are their market cap and token prices. An encouraging sign in these circumstances is that most of Uniswap and Chainlink’s numbers are increasing, which bodes well for Big Eyes. In addition, BIG boasts various features that should allow it to stand out in a competitive landscape. The cuteomics (another name for tokenomics) will include a total supply of 200,000,000,000 tokens. 140,000,000,000 tokens (70%) will be sold during the presale, and 20% will be distributed on exchanges. The outstanding 10% will be apportioned to charity and a marketing wallet (5% each).
For more information on Big Eyes (BIG), you can visit the following links:
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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