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Who doesn't want a cryptocurrency that reminds them of something infused with humor, a deep sense of belonging, piques their interest, and packs a great deal of cuteness?
No one- that's the answer. Meme cryptocurrencies like Big Eyes (BIG) have livened up the crypto industry's grim cloak and armed their communities with competing features. The brief story of Big Eyes (BIG) story is essential if we are to talk about why it is one of the meme altcoins dominating the crypto market of late.
Big Eyes (BIG) token is symbolized as a lively "wide-eyed" cat that battled crashing waves, made friends with a humpback whale, and eventually got to Japan. He learned how to appreciate the little things in Japan and found the benefits within himself.
Before that, the big eyes cat had dealt with a tragedy involving his parents, who showered him with unquestionable love.
Why the story?
Well, the Big Eyes (BIG) team decided to go with a cat rather than the usual "barking" dogs due to their many qualities of resilience and perseverance. Despite having nine lives, they intend to make each one count for the platform and its community. The first milestone has been achieved with over a million garnered from BIG buyers, and the next stop is $50 million.
Big Eyes (BIG) offers the same features as many other meme cryptocurrencies, with a few distinct features. The native token, BIG, is used for governance purposes. Holding the token allows users to participate in the execution of policies and determine what path the platform will take as time progresses.
Big Eyes (BIG) is built on the Ethereum (ETH) network and, in lieu of the Merge, will offer faster speed and better scalability opportunities. It is expected that the platform will become fully active after Ethereum switches to proof-of-stake and will share the exact consensus mechanism.
The consensus protocol will use staking to validate transactions on the Big Eyes (BIG) network, and block token rewards will be distributed among validators. Proof-of-stake also reduces the energy consumed, making Big Eyes (BIG) a carbon-neutral platform.
A distinct core feature of Big Eyes (BIG) is the dynamic tax system. As a result, all transactions are done without paying gas fees, removing worries that crypto buyers have when they need to trade or sell on blockchain platforms.
Read more about the token.
According to the professed tokenomics, there will be a capped supply of 100 billion BIG tokens, with 90% available for users. The 90% will be shared among public presales and exchanges, with the former taking 70%. This will allows users own the advantage of getting the tokens at an affordable rate while presales are still carrying on.
Giving BIG a capped supply is unlike meme cryptos with infinite supply. In addition, an auto burn function makes the token deflationary and invites positive scarcity. As the token amount decreases over time, the price will increase, and holders will be beneficiaries of a bull trend.
Big Eyes (BIG) is also involved in preserving the ocean and giving back to nature. As a recipient of a marine creature's kindness (the humpback whale that saved the big-eyed cat), the platform will donate five percent of the capped supply to charity.
Donations will be made public for all community members, unlike financial aid organizations accused of mishandling donated funds in secret.
To begin, you'll need either a Trust Wallet or MetaMask wallet. Next, connect your preferred wallet using the " wallet connect" option.
Then, you can buy with Ethereum (ETH) or Tether (USDT).
If you don't have ETH, you can purchase the coin with fiat currency, and it's advised to get ETH worth $15 or more. The same goes for Tether (USDT) to cover the minimum Big Eyes purchase allowed.
After authorizing the transaction, you must visit the platform to claim your tokens and wait until the collection date (after the presale) is announced.
The ERC-20 token enjoying the perks of the Ethereum (ETH) blockchain, is one of the meme altcoins higher than other utility tokens in the crypto market today.
According to Ryoshi, the anonymous founder, Shiba Inu (SHIB), began as an "experiment in decentralized spontaneous community building." However, it quickly went beyond that to create a revolution on the foundation of community involvement to dissolve the rigid financial structures.
The platform's mascot is a Shiba Inu dog, chosen for its fiercely brave, loyal, independent, and intelligent features. Perhaps, it is why the community rallying around the SHIB token has not jumped ship, even with pessimistic predictions from some crypto analysts.
Shiba Inu (SHIB) ecosystem has a decentralized exchange, highlighting three flagship tokens; SHIB, BONE, and LEASH.
SHIB is the foundational token and the first cryptocurrency listed on the exchange. It has a supply of 589 trillion SHIB tokens left after 50% sent to Vitalik Buterin were burned.
As the second token, LEASH has a minimal supply of 107,647 and is also an ERC-20 token.
The third BONE is set to balance the circulation supply with 250 million and is the governing power of the Shiba Inu (SHIB) ecosystem. The tokens can be utilized in different ways to earn rewards from burying, staking, and providing liquidity.
Shiba Inu (SHIB) started as a shitcoin- a potentially undervalued project- albeit one of the best in 2020. It broke into the limelight in 2021 when the crypto market was bubbling with good news, and the bull run was thriving.
Further listing on popular crypto exchanges like Binance and Kraken pushed the price of SHIB higher. When Elon Musk tweeted about the token featured in Fortune Magazine, Shiba Inu (SHIB) holders were overjoyed by the response. Shiba Inu (SHIB) hit an all-time high of $0.00008845.
The metaverse meme token, with P2E games, has also recorded impressive progress for its presale ending on the 2nd of September.
Tamadoge (TAMA) poses a pretty easy setup for gamers, unlike complex gaming cryptocurrencies. All you need is to mint a Tamadoge pet, participate in player-to-player competitions to emerge at the top of the leaderboard, and earn extraordinary rewards from winnings.
Tamadoge's (TAMA) roadmap shows a plan to allow users to acquire NFTs at this ending quarter of the year. After that, 2023 will launch the Tamaverse with a 3D-modeled virtual world. For all that Tamadoge (TAMA) has to offer, it has made an impact and secured a spot with the meme altcoins taking over.
Much is said about memes, but even more about meme cryptocurrencies. The tokens in this article are potential choices to boost your investment, as they have begun evicting other cryptocurrencies and taking over.
As usual, discretion is advised before purchasing, but there is no limit to how much you can invest should you choose to.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
