While decentralised finance (DeFi) may seem like a new term, it came about in 2018 in a telegram chat between Ethereum (ETH) investors and developers. DeFi refers to the ecosystem of financial applications built with blockchain technology, offering financial instruments without relying on intermediaries like banks.
Avalanche (AVAX) and Polygon (MATIC) are two established cryptocurrencies that have contributed to the development of the DeFi ecosystem. So, can Big Eyes Coin (BIG) follow in the footsteps of these two crypto giants? This piece will demonstrate the many advantages of Big Eyes Coin and what it is doing to shift wealth into the DeFi ecosystem.
Increase Your Wallet Size With Big Eyes!
Big Eyes Coin has developed an ecosystem that could benefit any crypto enthusiast. It aims to protect an essential part of our ecosystem while shifting wealth into the DeFi ecosystem. It plans to do this by holding a dedicated charity wallet with 5% of its total tokens inside. These tokens will go directly to ocean conservation charities to thwart threats to marine life.
Big Eyes Coin’s plans to shift wealth into the DeFi ecosystem involve the release of multiple NFT collections. Users can hold the NFTs and use them as keys to exclusive NFT events that occur with the seasons. Big Eyes Coin aims to have an NFT collection in the top ten projects, meaning purchasing them upon release could prove profitable in the long run.
To shift wealth into the DeFi ecosystem, Big Eyes Coin needs to stay relevant. That is why the meme token has created a marketing wallet holding 5% of its tokens inside. Big Eyes’ unique Anime design appeals to the growing population of Anime consumers, potentially helping it see increased traction as it moves away from the routine dog-themed meme tokens.
What Has Avalanche Done For DeFi?
Avalanche aimed to become the home of DeFi, launching many projects on its faster, more efficient network, and the list continues to grow. Avalanche has stuck to its aim as an Ethereum competitor, launching 364 projects between 2020 and 2021.
Because of Avalanche’s fast speeds and many validators thanks to its Proof-of-Stake (PoS) consensus, Avalanche is perfectly positioned to serve as DeFi’s destination of choice. Additionally, users can enjoy lower costs to deploy smart contracts in the Avalanche ecosystem, and developers can launch blockchains using Avalanche Virtual Machines!
While Avalanche is committed to a high level of performance, the network remains eco-friendly. Avalanche acknowledges the negative impact most cryptocurrencies have on the environment and has developed a network that can shift wealth into the DeFi ecosystem while remaining carbon neutral.
Polygon Surges 7.5% Amid Bearish Rally.
Polygon became a solution to scalability through its inception, interoperating blockchains that make DeFi even more accessible. Polygon is committed to an improved user experience, including higher transaction speeds and lower gas fees on its network.
Polygon hosts over 50 DeFi projects on its network, showing its commitment to the DeFi ecosystem. Many DeFi projects saw Polygon as a viable alternative to other blockchains due to its modified PoS consensus that allows it to process transactions efficiently.
During the Autumn months, the crypto market historically performs at its best. Bitcoin (BTC) reached its all-time high of $68,000 in November 2021, leading crypto enthusiasts to watch the market closely during this period. Amid a bearish rally for the crypto market, Polygon has risen by 7.5% in twenty-four hours at the time of writing. Could the same happen for Polygon as it did for Bitcoin?
Avalanche and Polygon have contributed dearly to the DeFi ecosystem since their inception. They offer incredibly efficient blockchains for DeFi projects to build on. Big Eyes Coin could follow in their footsteps, building on the newly upgraded Ethereum network to shift wealth into the DeFi ecosystem.
The new meme token is currently in the fifth stage of its presale, raising $8 million at the time of writing! The opportunity to purchase BIG is still here, with bonus tokens available if you use the ‘BEYES944’ code at the checkout.
For more information on Big Eyes Coin (BIG), please visit the following links:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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