Puerto Rico extends its business tax incentive policy to include cryptocurrency businesses, meaning effective 4% tax breaks for businesses that choose to headquarter in Puerto Rico. “Blockchain technology and the digital assets will come under the new incentive code” Iris Santos Diaz, acting secretary at Department of Economic Development and Commerce, Puerto Rico, stated in a letter issued on February 22.
Puerto Rico is already the tax haven for crypto businesses who revel in the advantages given to them through the country’s policies. This move has certainly made them even more excited about the upcoming investments. Three cryptos that are not to be missed this month are Big Eyes Coin, Quant and Aave.
Big Eyes Coin: The Ultimate Meme Coin Platform
Big Eyes Coin (BIG) is the ultimate meme coin platform. Its goal is to shift wealth into the DeFi ecosystem and to protect an important part of the world’s ecosystem. Big Eyes wants to give more by building a blockchain ecosystem that self-propagates for hyper growth using NFTs, making the blockchain hype-ship well worth boarding.
Big Eyes is owned by the community and 80% of the tokens will be available at the launch. It has a visible charity wallet holding 5% of the tokens for saving the oceans. Community, the kitty cuddlers, comes first and so, it does everything to make it a happy space. Launch of Loot Boxes have spiced up the presale which has already raised $30.78 million at stage 12.
The Loot Boxes are a limited time presale offer that gives magnanimous rewards to the users. The latest Excali – Paw Master Chest costs $9999 and gives $10k to $1000,000 in return. Now that is one thing that can give massive FOMO to anybody. All Loot Boxes give back at least their cost so there is absolutely nothing to lose.
Quant’s Overledger Enables Cross-Chain Communication
Quant (QNT) is a cryptocurrency that is designed to power the Quant Network, a blockchain interoperability platform that allows different blockchain networks to communicate with each other. This means that applications and data can move seamlessly between different blockchains, which can increase efficiency and reduce costs.
Quant uses its proprietary technology called Overledger to enable cross-chain communication. Overledger acts as a bridge between different blockchains and allows them to interact with each other.
Quant supports the development and execution of smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into code.
Swap Your Assets With Aave
Aave (AAVE) is a decentralised finance (DeFi) platform that allows users to earn interest on their cryptocurrency holdings, borrow cryptocurrencies, and participate in governance through a native cryptocurrency, AAVE. It allows users to lend and borrow a wide range of cryptocurrencies in a decentralised manner, with no intermediaries or central authority.
Aave offers flexible borrowing terms, including variable and stable interest rates, and the ability to adjust the loan-to-value ratio (LTV) and duration of the loan. It also offers flash loans, which are uncollateralized loans that allow users to borrow funds instantly and repay them within the same transaction, as long as the borrowed funds are returned by the end of the transaction.
Aave is governed through a decentralised governance system that allows users to participate in decision-making and proposal voting through the AAVE cryptocurrency. It is integrated with other DeFi protocols, such as Uniswap and Curve, allowing users to easily swap their assets and participate in yield farming.
Big Eyes Coin (BIG)
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