Introduction
As you wish to learn about this new meme token, Big Eyes Coin (BIG), sit back for a moment and imagine you had spent $1000 on purchasing an altcoin or a meme coin some time ago. You open up your wallet after a while to have a look at your portfolio, and to your surprise, you see your profits 10x. How insane of a moment that would be!
But here comes the question. Can you really make that huge gain out of a single crypto token? Well, the answer is a simple yes. All you need is the right strategy, backed by personal research on a token, before jumping into it mindlessly.
Tokens like Cardano (ADA) and Monero (XMR) have already gained enough popularity in the crypto market that people now don’t bother to do their research before purchasing these tokens, which is fine. These tokens have strong fundamentals and future goals that make them rank among the top 30 cryptocurrencies on CoinMarketCap, at the time of writing this article.
We are going to explore an entirely novel crypto token today that has a very cute and welcoming vibe. The token’s name is Big Eyes Coin (BIG) and it is currently under development. We’ll take a look at the two market giants and analyse what makes them unique and profitable, and how BIG can follow suit.
What makes Cardano (ADA) so strong?
Cardano (ADA) is the native token of Cardano’s vast blockchain network. It is a decentralised blockchain platform based on the Proof-of-Stake (PoS) consensus mechanism. The token’s price was heavily affected by the crypto crash of 2022, but it is now recovering along with other market cryptocurrencies.
The platform and its token were founded in 2017 by Charles Hoskinson, an ex-co-founder of Ethereum (ETH). Since its launch, Charles Hoskinson has played a remarkable role in positively portraying the project and developing people’s trust in Cardano (ADA).
The project has very strong fundamentals, without any doubt, which makes it a reputable token to rank among the top crypto giants. Its mission is to encourage changemakers, visionaries, innovators, and blockchain developers to bring positive and effective change to the global ecosystem.
Developers use this blockchain platform to launch their decentralised applications (dApps), smart contracts, and DEXs (decentralised exchanges). SundaeSwap is a successfully executed DEX project hosted on Cardano’s blockchain.
What makes Monero (XMR) rank that high?
Monero (XMR) is another popular crypto token that ranks among the top 50 cryptocurrencies on CoinMarketCap at the time of writing this article. The project was launched in 2014. It is on a mission to bring privacy and anonymity to transactions performed while trading.
Out of the seven co-founders of Monero (XMR), five decided to stay anonymous. However, there has been a rumour that Monero (XMR) was created by Bitcoin’s (BTC) inventor, Satoshi Nakamoto.
Although Bitcoin (BTC) conceals the person’s identity during a transaction, it is actually very easy to track. On the other hand, Monero (XMR) obscures the recipients and senders alike with the help of advanced cryptographic techniques.
The team behind Monero (XMR) considers efficiency and ease-of-use second to privacy and security. The token’s price had traded in red for months during the crypto crash of 2022. However, it still stands tall with a price mark above $100. This mark is often considered a price for the rich or whales because the masses usually look for cheaper coins like Cardano (ADA) and the next one in the crypto market.
What is Big Eyes Coin (BIG)?
Big Eyes Coin (BIG) is a newly-emerging meme token based on a cat theme, differing from the usual dog theme of most meme coins. The most popular coins in the dog-theme category are the well known Shiba Inu (SHIB) and Dogecoin (DOGE).
The crypto market has seen exponential growth of these two meme tokens in the past two years, and people have heavily profited from them. Now the masses are looking for something different, that will be equally successful in producing significant profits.
Now it is time to shift our focus from dogs to cute cats that make us money. Let’s look deeper into the eyes of the Big Eyes Coin to see what really makes it a unique token, aside from its cuteness!
What makes this cat meme token truly different?
Big Eyes Coin (BIG) provides a number of options to generate money and rewards in its ecosystem. For example, a user can enjoy the following BIG perks:
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You can enjoy a fully decentralised and community-driven ecosystem as the white paper says that its community will own Big Eyes Coin (BIG), and 90% will be available at launch.
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You can enjoy tax-free shopping as the platform takes no tax or fee on trading the token, which is amazing.
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Its publicly-visible charity wallet will hold 5% of the tokens that will be utilised for saving the world’s oceans.
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Although there is no tax on shopping, the team claims to introduce a dynamic tax system that will help generate fees for the token’s auto-burn functions, liquidity protocol (LP) acquisition, and the marketing wallet.
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The cute cat NFTs and their events will generate profits that will be sent to a burn or not-to-burn wallet depending on the vote of community members.
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The team will keep 5% of the token’s total supply for marketing purposes to ensure Big Eyes Coin (BIG) grows worldwide and overcomes long-lasted dog obsession.
What does Big Eyes Coin (BIG) aim for ahead?
Big Eyes Coin (BIG) aims to go big on media to ensure it becomes the most talked about meme token in the coming years, through innovation and acquisition of the new. The team claims to have set this target till 2030. As a charity and service for marine life, BIG wants to protect ocean sanctuaries to ensure aquatic livelihood is unharmed.
Usually, when a crypto project gets enough capital, it tends to forget where the true value lies. A token’s true value and strength lie not in its market cap or ranking but its community. BIG is well aware of this and aims to do the most for its holders, to build and strengthen its community.
Tokenomics of BIG
Big Eyes Coin (BIG) will have a total supply of 200,000,000,000 BIG tokens. Here is the distribution of the token’s total supply:
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The team will sell 70% of the token’s supply via a public sale.
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20% will be reserved for exchanges.
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The project will spend 5% on marketing purposes.
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The remaining 5% will go to charity to be utilised in ocean preservation, which the team claims to keep publicly visible.
Per the white paper’s claim, there will be no tax on buying or selling this token. However, the cat NFTs will have a 10% tax. From this tax, 4% will be distributed to the original seller, 5% to the holders, and the remaining 1% to charity.
Sneak Peek into the BIG’s Roadmap
According to its development roadmap, the project will be completed in four extensive stages. As a sneak peek, the token’s presale will be held in the first stage, and it will launch on Uniswap DEX (decentralised exchange) in its second stage.
Conclusion
The crypto market has seen its all-time high market cap at nearly $3 trillion in 2021. It means that the crypto market is an essential chunk of the world’s financial market or economy. Big Eyes Coin (BIG) is a community-driven meme token aiming to shift the wealth to decentralised finance (DeFi) ecosystem to protect an important chunk of the world’s economy. Community tokens are a great source of wealth generation for community and charity. Aside from that, the BIG team’s major goal is to act as a significant means of protection for the world’s oceans. Thus, Big Eyes Coin (BIG) is on a mission to serve the market and oceans by utilising blockchain technology to create a self-propagating ecosystem for the hyper-growth of NFTs.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes