Home NFT Move Aside Uniswap and Chainlink; Big Eyes Coin is Here to Redefine the DeFi Sector – CryptoMode

Move Aside Uniswap and Chainlink; Big Eyes Coin is Here to Redefine the DeFi Sector – CryptoMode

by Lottar

When we study human history, we define eras based on notable contributions made by mankind. For example, the Industrial Revolution began in the 18th century when European countries switched to new manufacturing processes, forever changing industries such as textiles, construction, steam and more. Going further back, another relevant illustration of when people outdid themselves was the Renaissance, which began in the 14th century and continued into the 17th. During this period, Europe’s cultural, economic and political landscape changed.

Similarly, the turn of the 21st century has been 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 has completely changed how we do business and spend our days. We can buy commodities, attend lectures and do so much more online. Similarly, cryptocurrency changed the financial landscape when Bitcoin was introduced in 2009. Cryptocurrencies have become a global phenomenon and are experiencing rapid growth. However, the markets crashed in 2022 due to a debilitating crash. Cryptocurrency has 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 (LARGE).

Uniswap (UNI) – The profitable platform

The first of three tokens we will discuss is Uniswap (UNI), which is ranked 19th on CoinMarketCap with a market cap of 6.3 billion and a token price of 6.3 dollars. Both values ​​increased by 6.5% in the last twenty-four hours. UNI’s daily trading volume is 118.4 million, down 2.7% from a day earlier. From a technical perspective, Uniswap is a decentralized trading platform primarily focused on the automated exchange of decentralized finance (DeFi) tokens. In simpler words, UNI is an Automated Market Maker (AMM). Launched in 2018, Uniswap climbed the rankings due to the popularity of DeFi protocols.

The team behind UNI strives to improve automated trading and make the technology accessible to anyone with tokens. The platform increases efficiency by solving liquidity issues through automated solutions in stark contrast to previous decentralized protocols. Uniswap made another notable change in 2020 by awarding its users with a management token, UNI. There are two benefits to using a driver’s license. One, it increases the probability of profitability for the platform. Two, it gives users the right to contribute as they can vote for or against planned changes.

Additionally, Uniswap originated 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, which was created by Buterin. Besides being an automated market maker, Uniswap (UNI) stands out because of its goal: to provide liquidity. UNI is one of the leading AMMs in the market. The protocol uses an X x Y = K formula to calculate automatic exchange.

Automation allows Uniswap to incentivize users and lower the risks and costs associated with the platform. In addition, UNI eliminates the need for user identities, allowing anyone to establish a liquidity pool. In 2018, Uniswap version 2 was released, integrating features such as ERC-20 pairs, flash exchanges and price oracles. Version 3 launched in 2021 with expanded LP capital efficiencies and an overall improved infrastructure. Uniswap also acquired Genie, a non-floatable token (NFT) aggregator and marketplace. Through Uniswap Labs, UNI token holders can unlock universal ownership.

Chainlink (LINK) – Central for data processing

Another well-established token we’ll be looking at is Chainlink (LINK), which sits at number 24. LINK has a market capitalization of 6.74 billion and a token price of 6.74 dollars. In the last twenty-four hours, both figures increased by 5.8%. Chainlink’s trading volume in the same period is 283 million, an increase of 9.1%. The numbers show that LINK is performing well, despite the crypto crash. Chainlink was founded 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 currently serves as the company’s CEO. 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 merging of off-chain data with smart contracts. . The integration empowered LINK to partner with well-known data providers such as Huobi, Alpha Vantage and Brave New Coin. The LINK platform allows token holders to operate nodes and earn revenue by managing critical data infrastructure for blockchain technology. Typically, data providers can make data accessible to Chainlink, which merits the entire exercise. Chainlink has also become a trusted provider of data processing, thanks to various affiliates.

Introducing Big Eyes Coin (BIG).

Uniswap (UNI) and Chainlink (LINK) are exceptional cryptocurrencies. On the other hand, the next token we will 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 focused on saving the oceans, and the way to do that is to move wealth to DeFi. In general, community-oriented tokens are intended to generate wealth for charity. BIG is unique because its creators aim to facilitate the blockchain ecosystem to grow aggressively through NFTs. Non-floatable 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 extraordinary journey he was on. BIG is a male cat born in Washington, DC. 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 while seeing the world’s oceans. While circumnavigating the vast oceans, BIG practiced yoga. However, Big Eyes went overboard and ended up at sea. Facing certain death, BIG was rescued by a humpback whale.

The whale took Big Eyes to Japan, where he was studying. 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 purse 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 include liquidity protocols, automatic burning functions and a marketing wallet. Finally, NFTs will be a crucial aspect of the Big Eyes platform. Exclusive NFT events will be organized, and the profits generated from these events will be put on a burn or no-burn vote.

How to buy Big Eyes Coins?

You need to install MetaMask on your mobile device or computer to buy Big Eyes Coin. Once the wallet is ready, you need to connect with it and press purchase. You can buy ETH by card, HUGE tokens with ETH, or HUGE with USDT. Once the presale is completed, you can claim your tokens.

The key performance indicators of cryptocurrencies are their market capitalization 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 several features that should make it 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 allocated to charity and a marketing purse (5% each).

For more information about Big Eyes (BIG), you can visit the following links:

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Always do 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 site or its staff.

CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All our customers appreciate our value/price ratio. Contact us if you have any questions: [email protected]

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred by acting on information provided on this website by its authors or customers. No reviews should be taken at face value, always do your research before making any financial commitments.

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