In a survey of leaders of the global financial services industry, 76% of the respondents said that they see digital assets like cryptocurrencies evolving to become strong alternatives to fiat currencies over the next decade. And, why not? Considering the benefits of investing in these blockchain-powered assets, the pros like secure trading, data privacy, and elimination of third-party interference far outweigh the cons. Any doubts experts had about the legitimacy or practicality of cryptocurrencies were laid to rest when these assets started posting unparalleled returns.
Given the stellar performances of cryptocurrencies over the past few years, it isn’t hard to guess why financial experts see these digital assets as the future. In a survey of leaders of the global financial services industry, 76% of the respondents said that they see digital assets like cryptocurrencies evolving to become strong alternatives to fiat currencies over the next decade. And, why not? Considering the benefits of investing in these blockchain-powered assets, the pros like secure trading, data privacy, and elimination of third-party interference far outweigh the cons. And any doubts experts had about the legitimacy or practicality of cryptocurrencies were laid to rest when these assets started posting unparalleled returns.
Big Eyes Coin: A Meme Coin to Facilitate Seamless DeFi Transitions
Big Eyes Coin was launched with the motive to give more people the opportunity to switch to the decentralized finance (DeFi) ecosystem for income and wealth generation by leveraging the potential of blockchain technology. It’s a versatile community token that comes at a time when community tokens are emerging as popular tools of wealth generation for both commercial and charitable organizations globally. Big Eyes Coin sets out to build on this popularity and help develop the blockchain ecosystem by liberalizing access to investments in cryptocurrencies and non-fungible tokens (NFTs).
The platform has rolled out its cryptocurrency called BIG, which can be used for a wide array of transactional purposes like staking, liquidity pool acquisition, paying fees, earning rewards, and NFT purchases, among other use cases. Interested buyers will be able to purchase the token on presale. The total supply of the token is capped at 200,000,000,000. Of these, 90% will be available for public presale – 20% via exchanges and 70% through public presale. The remaining 10% tokens would be divided equally among charitable causes and marketing activities to promote Big Eyes.
However, the platform will levy a 10% tax on NFT sales and purchases. The tax proceeds from NFT transactions would be distributed among BIG Token holders, original sellers of the assets, and charitable contributions. The platform will offer its users a dynamic tax system wherein they will get to take advantage of automated functions like auto burn, liquidity pool acquisition, and a marketing wallet. In order to ramp up its reach as a meme coin, Big Eyes will also partner with social media influencers. Users can also look forward to buying official merchandise and pitching in with the fundraising activities of the platform.
At the heart of the Big Eyes platform is its commitment to removing barriers to DeFi adoption. Given how the DeFi space is still developing, the ecosystem is still inaccessible to 99% of the world’s population. With features like Big Eyes Swap, back-end systems, and interactive tutorials, Big Eyes can help more people learn about the blockchain ecosystem and its various use cases.
The meme coin is inspired by a cat who was often seen as cute and meek because of his big eyes. The cat was later adopted by a scientist couple who worked at NASA. While he did get to know a lot about space engineering from them, they ended up leaving him to fend for himself for a YouTube experiment. Never one to be still in one place, Big Eyes hitched a ride on a yacht and decided to travel around the world to find his life’s purpose.
The journey led him to be stranded on the sea. Thankfully, he was saved by a humpback whale, who took him to Japan. He went around Japan learning about Zazen and Sushi, and it was during a meditation session that he realized that his cuteness was not a weakness but a strength that could lead him to make millions.
Avalanche Teams up with Peer-to-Peer Lending Platform Traverse
Avalanche is a smart contracts platform that enables developers to build and deploy scalable and secure dApps in a cost-effective manner. It’s native token, called AVAX, can be used for staking, liquidity pool provisioning, token swapping, and other similar transactional purposes.
The Avalanche Foundation also offers an incentive-based program to promote the growth and adoption of Subnets, which is a premier scaling solution for dApps. With Avalanche, developers can launch Ethereum-based dApps seamlessly that can process thousands of transactions each second. Plus, they can also launch both public and private blockchains with customized features.
In a recent development, Avalanche announced the integration with Traverse, which is a peer-to-peer lending platform that uses NFTs as collateral. Built on the Avalanche blockchain, it enables people to lend and borrow AVAX Tokens while utilizing their NFTs as collateral.
The platform bridges the gap between NFTs and investors through mutual and permissionless agreements. On Traverse, borrowers can themselves decide terms like the amount of loan needed, the repayment price, and the duration of payback. Meanwhile, lenders interested in loaning their AVAX Tokens can choose borrowers that match their risk appetite and interest expectations.
Algorand to Invest in Koinbax
Algorand is an institutional-grade blockchain infrastructure for building scalable, secure, and environment-friendly decentralized features. It has rolled out its native token ALGO, which can be used for transactional purposes like staking, liquidity pool provisioning, and token swapping. Founded by Silvio Micali, the platform aims to remove technical barriers limiting the adoption of mainstream blockchain solutions. Over the years, it has enabled innovators the required confidence and tools to drive impact globally. When compared to other blockchains, Algorand’s carbon footprint is much less and it is further trying to reduce it by teaming up with ClimateTrade.
Recently, Algorand announced its decision to invest in tokenization firm Koibanx. The investment was a part of a $22-million Series A round led by Algorand. As per reports, the Latin American firm plans to utilize the funds raised for ramping up its infrastructure in Central America and building payment rails. Other firms participating in the round were Innogen Capital, Kalonia Venture Partners, Borderless Capital, and G2. Koinbax has stated that it also plans to roll out a beta version of its low-code platform in December 2022. The new platform will enable developers to build next-generation financial solutions on blockchain. It will offer developers special features like integration with cryptocurrency exchanges and liquidity pools and tokenization functions.
The three cryptocurrencies described above could potentially provide huge gains in the future if you can accumulate sufficient quantities at the right price. Use the dollar cost averaging method to build up a high-growth portfolio for the medium to long-term.