The community surrounding digital currencies has continued to grow as a result of the recent cryptocurrency surge. Since the crypto world's debut in the latter part of 2008, cryptocurrencies have continued to increase in value, much to the shock of sceptical financial experts. Bitcoin, the leader of the cryptocurrency revolution, has influenced numerous inventions in the crypto space since its inception in 2009. These cutting-edge coins, like meme coins, are frequently referred to as altcoins.
Unlike Bitcoin which is primarily used as a currency, Ethereum on the other hand has established itself among developers in the creation of decentralized applications and in pioneering the concept of blockchain smart contracts, a feature that gives it an edge over Bitcoin. Leveraging its proof-of-stake mechanism and its 2-layer structure, Cardano can be highly secure and energy efficient. With big plans in mind such as saving the oceans through its charity fund, the anticipation for Big Eyes Coin (BIG) is off the roof due to its unique point of view and line of action.
Ethereum (ETH) is a DeFi (Decentralized finance) cryptocurrency that provides smart contract functionality to dApps (decentralized application) creators. To power its blockchain, Ethereum makes use of the proof-of-work (PoW) consensus mechanism which is a system that involves computers working to solve puzzles required to create blocks for blockchain. They have plans to switch to the proof-of-stake model in the future after they transition to Ethereum 2.0. In a proof-of-stake system, any user with a minimum holding of 32 ETH is presented with an option to lock those funds in a contract, which would, in turn, reward the user with incentives for resolving the calculations required to add new blocks to the blockchain.
Around 117.5 million ETH tokens were in circulation as of September 2021, 72 million of which were part of the genesis block (the first block ever to be added to the Ethereum network). Of these 72 million, 60 million were distributed to the project's first supporters in a 2014 crowd sale, while 12 million went to the development fund.
The rest has been shared with Ethereum network miners as block rewards. The initial payout per block in 2015 was 5 ETH; this decreased to 3 ETH in late 2017 and then 2 ETH in early 2019. Mining an Ethereum blockchain takes an average of about 12 to 15 seconds.
Founded by Charles Hoskinson, a co-creator of Ethereum, Cardano employs a unique structure that involves a dual-layer system that sets it apart from fellow competing blockchain platforms.
Its first layer, also known as its settlement layer (CSL), gives Cardano (ADA) token holders the functionality to send and receive transactions instantaneously at super low fees while its second layer known as its computational layer (CCL), serves as the bedrock of Cardano's functionality.
Based on the proof-of-stake (PoS) mechanism, Cardano provides a higher level of security in comparison to the proof-of-work mechanism with only a fraction of the energy cost to spare.
Its native currency, ADA, can be used for peer-to-peer transactions anywhere in the world.
Once the network started, the company IOHK (Input output) received a total of 2.5 billion Cardano (ADA) tokens. Meanwhile, Emurgo, a multinational blockchain technology business that was one of the founding members of the Cardano protocol, received an additional 2.1 billion Cardano ADA tokens. Furthermore, 648 million Cardano (ADA) tokens were donated to the non-profit Cardano Foundation, whose goal is to advertise the platform and boost adoption.
All in all, the founders of the initiative received around 16% of the entire supply of ADA, with the remaining 84% going to investors.
As of late August 2022, the 24-hour trading volume for Cardano (ADA) was at $721,085,504. With a live market cap of $15,512,432,987, the CoinMarketCap ranking at the time of writing is #8. There are 33,739,028,516 ADA coins in circulation, with a maximum supply of 45,000,000,000 Cardano (ADA) coins.
The new and cute meme coin known as Big Eyes Coin (BIG) aims to channel value into the decentralized finance (DeFi) ecosystem. The Big Eyes platform intends to be community-driven to generate funds that will be redirected to a charitable fund set to restore numerous oceans to their former glory.
Big Eyes was developed to effectively utilize Decentralized Finance (Defi) and NFTs (Non-Fungible Tokens) as they are still in their infancy. The mechanism of the platform was developed to create an ecosystem with Ethereum blockchain technology that develops and evolves in its place. Furthermore, coupled with the use of reliable non-fungible tokens, it allows users and buyers of its Big Eyes (BIG) token to obtain content and gain admission to special events.
This might increase the buzz surrounding the token and improve its marketability, luring additional users and purchasers into its community.
Big Eyes Coin (BIG) was developed in Washington DC – where great things happen. When the ticket is launched, a large portion of the Big Eyes (BIG) tokens, 90% to be precise, will be made available for the users and buyers. There will be no fees or taxes applied when these Big Eyes Coin (BIG) tokens are used for transactional activities on the platform, making it a great platform for those who transact on it. This sets it apart from others such as Ethereum and Cardano, which impose fees on their transactional activities.
When it comes to fee flexibility under the Big Eyes project team's tax system, token buyers will come first. Additionally, the profits from the stable NFT collection sales will be subject to a vote on whether or not they should be burned. For users and buyers of the tokens, Big Eyes (BIG) tokens that are not burned will act as another form of compensation. Accordingly, the community's users and customers stand to benefit from the Big Eyes platforms' features and services in terms of a genuine expression of appreciation for their engagement and activity.
The network hopes to push for a top 10 slot in the NFT market once various sectors have been put in place. The NFT Sushi team is the creative hub being built for the NFT events and competitions. Additionally, Big Eyes merchandise will be sold in both digital and physical forms to raise money for the seas and marine life as well as to spread the use of BIG tokens. People wearing unique merchandise all across the world will raise awareness of the network.
Without any taxes attached, 200,000,000,000 tokens have been created and are now available for purchase and sale. The ticket's ticker symbol is BIG. A public presale will be offered for 70% of the tokens. For exchanges, 20% of the tokens will be used. 5% of the tokens will go into the marketing wallet, which will be managed by the team and remain there if the token's performance in the cryptocurrency market improves. The charity will hold 5% of the tokens. To further demonstrate the openness of the Big Eyes platform, these tokens will be made publicly viewable.
10% of the tax NFTs will be divided as follows for its reward system. 4% will go to the NFT initial seller. The holders of the NFT will receive 5%.
To help safeguard the ocean, 1% of sales will be donated to charity.
The next steps have to be taken after deciding to buy Big Eyes Coin (BIG):
An important fact to know about the Big Eyes Coin (BIG) token is that it does not subtract taxes.
This coin prioritizes its community and thinks value should come from the project, not the tax. The network aims to be effective and natural without taking taxes out of the incentives for users. The developed dynamic tax system will give users access to auto-burn features, a marketing wallet, and LP Acquisition to further increase the project's lifetime. Users can benefit from tax-free transactions on the site as a result.
Ethereum and Cardano have personal visions they hope to actualize, but they do not compare to the broad vision Big Eyes has, not just for its community, but the world in general. The best ideas are those that are not selfish but serve to benefit thousands if not millions, and Big Eyes' plan to help saving the Earth's ocean through its planned donation is a cause that is beyond remarkable.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.