Home NFT AAVE, SAND, BIG EYES: Coins That Investors Should Use to Boost Their Portfolio

AAVE, SAND, BIG EYES: Coins That Investors Should Use to Boost Their Portfolio

by Lottar

The crypto market has been in recession for the past few months of the 2022 calendar year. Many notable events, such as the Luna crash, led to the liquidation of top crypto firms, including 3AC. These events triggered a series of cascades and liquidation events that wiped out numerous investors. Furthermore, these events have left investors uncertain about the future of the crypto markets, so they have started taking steps to ensure they can keep up with market volatility. The bear market can be volatile, but it also presents opportunities for investors. Investors can buy the dip and get decent crypto projects for cheap as most token prices are currently being reduced.

Before purchasing any project tokens, investors should ensure that they fully understand how the underlying project affects the token price. Therefore, it is important to do the proper research before investing in any crypto project. Aave (AAVE), Sandbox (SAND) and Big Eyes (BIG EYES) are three crypto tokens that investors can use to boost their portfolios. These projects tick all the right boxes, and here’s what these projects are all about.

Before purchasing any project tokens, investors should ensure that they fully understand how the underlying project affects the token price.

Aave (AAVE) The Decentralized Exchange

Aave (AAVE) is a decentralized exchange. It facilitates the borrowing and lending of crypto tokens on its platform. Users must deposit collateral to access liquidity pools to access the platform’s crypto tokens. Furthermore, Aave borrowers pay fees for the use of the pools, which the liquidity providers share. Liquidity providers are incentivized to deposit their tokens because they can share in the rewards, while Aave gets the tokens it needs to satisfy lenders. It is important to note that Aave uses an AMM model, which uses smart contracts to control its liquidity protocols.

AAVE is the protocol’s driving evidence. Token holders have the voting rights needed to vote on changes to the protocol. They also become DAO members and control the project’s future. In addition, the AAVE token has other functions on the protocol, such as allowing users to reduce the fees they have to pay for borrowing. The Aave protocol is a great project that creates a central protocol where users can access all the crypto tokens they need.

Sandbox (SAND) The Gaming & Metaverse Project

Sandbox (SAND) is a crypto game and metaverse project that aims to introduce the blockchain to mainstream gaming. The project is built on the Ethereum (ETH) blockchain, and its utility token uses the ERC-20 token standard. Sandbox is a gaming 3D metaverse where users can play games, craft items, trade, sell and meet like-minded gamers. The project promotes ownership and therefore all assets bought or sold by users are NFTs. The NFT holders fully own these NFTs. Sandbox will bring new ways for gamers to interact with games on the platform.

The project has a DAO that steers the project through proposals by its members. Members of the DAO vote on proposed changes and implement those changes when they reach a consensus. SAND is the utility token of the Sandbox gaming ecosystem, and it facilitates transactions within its ecosystem.

Big Eyes (BIG EYES) The New Meme Token

Big Eyes (BIG EYES) is a community token with the aim of increasing participation in the decentralized finance and non-slingable token space. The project aims to increase access to NFT and DEFI projects and protocols by increasing liquidity in these sectors. It will use its BIG EYES token to give its users access to these platforms. Big Eyes will launch with 90% of the token available for users to purchase. The project will give users better access and increase the usability of various NFTs projects.

You can become a member of the Big Eyes ecosystem by purchasing tokens in the ongoing presale. The pre-sale takes place in different stages, and many bonuses are up for grabs. You must visit the project’s website for more details to participate in this presale. You should also remember that you can earn bonuses by inviting friends to buy BIG EYES.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/endorse the content of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recovery for any loss from such transactions.

Hindustan Times shall in no way be responsible and/or liable in any way whatsoever for everything stated in the article and/or also in relation to the views, opinions, announcements, statements, confirmations, etc. same. The decision to read hereafter is purely a matter of choice and shall be construed as an express undertaking/warranty in favor of Hindustan Times to be indemnified from any/all possible legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.

Source link

Related Posts

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy