Crypto projects like Big Eyes (BIG), Binance (BNB), and Thorchain (RUNE) are community-based crypto projects. These crypto projects reward their users for actively participating in activities within the crypto space.
Unlike Binance (BNB) and Thorchain (RUNE), the Big Eyes (BIG) crypto project is new to the crypto space. The developers behind this project studied other community-based projects. The goal was to identify and solve common flaws within community-based crypto projects.
Our guide will consider why Big Eyes has become the best cryptocurrency to buy in 2022. Additionally, we will look at the potential of Big Eyes next to established platforms like the Binance (BNB) and Thorchain (RUNE) crypto projects.
Binance (BNB) Blockchain
The Binance (BNB) blockchain entered the crypto space in April 2019. It focused on creating a decentralized ecosystem for crypto enthusiasts. Since its inception, the Binance blockchain has experienced periodic improvements in its operations and utilities.
The Binance development team created a parallel blockchain to make the Binance ecosystem more scalable. In time, the team merged these two blockchains to form the BNB Chain, a single next-generation crypto blockchain. BNB Chain offers its users both DeFi and MetaFi utilities.
The BNB Beacon chain is the protocol that governs staking and governance operations. However, the BNB Smart Chain is responsible for its interoperability and consensus protocols. Some features of the Binance (BNB) blockchain include:
1. Smart Contract Compatibility: Ethereum is the crypto blockchain that introduced smart contracts. Binance utilizes smart contracts to facilitate operations on its blockchain. Crypto innovators can use these smart contracts to create decentralized applications and other crypto projects on the Binance crypto network.
2. Interoperability: Binance is compatible with the Ethereum virtual machine. Thus, crypto innovators on the Binance Smart Chain network can interact seamlessly with the Ethereum blockchain.
The Ethereum virtual machine facilitates interoperability within the crypto space. It enables the Binance blockchain to work seamlessly with other EVM-compatible blockchains. Thus, crypto innovators can quickly build crypto bridges by leveraging the EVM.
This compatibility also facilitates the integration of updates to the Ethereum (ETH) blockchain into Binance blockchain-hosted crypto projects.
3. Proof-of-Stake consensus mechanism: Binance is a proof-of-stake platform. Blockchains that use proof-of-stake incentivize community members for staking their tokens to secure the network. Stakeholders in POS ecosystems act as transaction validators.
Thus, Binance (BNB) rewards its stakeholders with crypto tokens for supporting the platform with crypto assets. The proof-of-stake consensus mechanism is also responsible for the swift transaction processing offered within the Binance ecosystem. This feature makes the Binance blockchain suitable for day-to-day transactions.
The Binance (BNB) blockchain is powered by its native cryptocurrency. BNB tokens are available across many popular crypto exchanges.
BNB tokens were primarily created as utility tokens on the Binance (BNB) blockchain. BNB holders will enjoy discounted trading fees for transactions within the BNB chain network.
The Big Eyes (BIG) Crypto project
As mentioned earlier, Big Eyes (BIG) is a community-driven crypto project. It aims to transfer wealth back to its crypto community through its DeFi protocols. Big Eyes (BIG) crypto project also seeks to protect the oceans and aquatic life.
Big Eyes (BIG) is an animal-themed crypto project. Unlike other popular meme coins, it was inspired by a viral cat meme. The Big Eyes (BIG) crypto project intends to build a blockchain-based platform with features that will attract large volumes of users.
Big Eyes (BIG) operates on the Ethereum (ETH) blockchain. It utilizes its host blockchain’s features to offer its users unique services. Big Eyes (BIG) issues its native cryptocurrency. This crypto asset is the primary cryptocurrency used within the Big Eyes (BIG) ecosystem.
The Big Eyes (BIG) meme coin has “BIG” as its ticker symbol. This cryptocurrency has a total supply of 200,000,000,000 tokens. 90% of this cryptocurrency will be made available to the crypto community upon launch. 5% will go into marketing wallets. Charitable organizations will receive the remaining 5%.
Big Eyes Token (BIG) will be a deflationary cryptocurrency. Deflationary tokens are crypto assets whose circulatory tokens will decrease over time. Big Eyes (BIG) tokens will be taken out of circulation through an Autoburn protocol. This periodic burning protocol takes out a percentage of all transaction fees charged within the Big Eyes (BIG) ecosystem.
Decreasing the total volume in circulation induces scarcity, which causes inflation. Thus, the value of the Big Eyes Token (BIG) rises. This price increase will be a massive reward for long-term holders of the Big Eyes (BIG) token.
Big Eyes (BIG) is a long-term crypto project. It has a road map of activities deep into 2030 and beyond. 20% of its supply will be locked as liquidity in crypto exchanges like Uniswap (UNI). Users will always have the liquidity to swap their tokens.
Another reward opportunity available to Big Eyes Token (BIG) holders is its reward reflection system. This reward system allows all Big Eyes (BIG) token holders to grow their token holdings. How does this work?
A 10% fee accompanies all transactions within the Big Eyes (BIG) ecosystem. 50% of these transaction fees will go back into the wallets of all token holders. This reflection encourages members of its crypto community to buy and hold more BIG tokens.
The Thorchain (RUNE) Blockchain
Thorchain (RUNE) is one of the several crypto projects designed to replace centralized crypto exchanges. It facilitates decentralization within crypto by acting as a cross-chain liquidity provider.
Thorchain (RUNE) was conceived in 2018 and built using the Cosmos software development kit. It operates as a cross-chain liquidity provider, facilitating crypto swaps across crypto networks.
Through Thorchain (RUNE), users can swap their crypto assets from one blockchain to another. Thorchain (RUNE) users can enjoy massive rewards from yield farming when they provide liquidity within its ecosystem.
Thorchain (RUNE) is a very efficient crypto platform. It utilizes the Byzantine Fault Tolerance (BTT) protocol to increase efficiency. This consensus mechanism doesn’t penalize transaction validator nodes when they make mistakes. Instead, the BTT fixes the problem and lets the platform continue its operations normally.
The Thorchain (RUNE) blockchain issues its native cryptocurrency. This crypto asset is the main currency that facilitates seamless swapping within the Thorchain (RUNE) ecosystem.
Thorchain’s (RUNE) native cryptocurrency has the ticker symbol “RUNE” and a total supply of 5 million tokens. Within the Thorchain ecosystem, RUNE has four main uses. These include:
- Settlement cryptocurrency: All liquidity pools within the Thorchain (RUNE) ecosystem exist in 1:1 of RUNE: ASSET. Thus, RUNE tokens can be a temporary settlement for swapping different crypto assets.
- Security: Node Validators within the Thorchain (RUNE) ecosystem deposit RUNE tokens before they can operate as validators. The RUNE tokens are held as collateral to ensure the efficiency of the node validators.
- Governance: Thorchain (RUNE) users will vote with their liquidity in deciding which liquidity pool to prioritize. The liquidity pool with the highest RUNE tokens gets more priority.
- Incentives: Token swappers within the Thorchain (RUNE) ecosystem can pay their transaction fees in RUNE tokens. These fees are used to reward node validators and liquidity providers.
Additional Features Of The Big Eyes (BIG) Crypto Project
Other crypto projects offer some of the Big Eyes (BIG) features mentioned above. However, Big Eyes (BIG) has developed a unique way to keep members of its crypto community engaged with activities within its ecosystem.
The Big Eyes (BIG) crypto project will regularly hold giveaways and reward sessions for its users. During these sessions, community members will receive Non-fungible tokens and other rewards. These community members will also be given priority when dispensing new information about developments within the Big Eyes (BIG) ecosystem.
Big Eyes (BIG) crypto community members will encompass individuals worldwide. Big Eyes (BIG) leverages its community members’ knowledge, skills, and experience to develop itself. All Big Eyes (BIG)token holders will be part of a DAO governing the Big Eyes (BIG) crypto project.
BNB tokens and RUNE tokens are already available on popular crypto exchanges. However, the Big Eyes (BIG) cryptocurrency is still in its presale stage. Participants in this ongoing presale can get the tokens at a discounted price.
Big Eyes (BIG) tokens will be launched on Uniswap (UNI), Ethereum’s largest DEX. This launch will positively affect the price of the Big Eyes (BIG) tokens. Uniswap (UNI) will give Big Eyes (BIG) a platform to thrive within the Ethereum (ETH) blockchain.
The Big Eyes (BIG) crypto project is new to the crypto space. It has numerous untapped features, making it the best cryptocurrency to buy in 2022. Thanks to its ongoing presale, many interested parties can become part of the Big Eyes Token (BIG) ecosystem. Read more about the Big Eyes Token (BIG) and participate in its ongoing token presale using the links below.
Big Eyes (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more
