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Big Eyes to be Next Ethereum-based favorite against Shiba Inu & Compound

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As its presale advances, Big Eyes (BIG) looks to set the stage as a new favorite token among users on the cryptocurrency market. It will take out Ethereum-based counterparts Shiba Inu (SHIB) and Compound (COMP) in its climb to the top, as its popularity keeps increasing daily. Here’s a short review of how the tokens stand at the moment.

Shiba Inu (SHIB)

Shiba Inu (SHIB) was developed in 2020 by an anonymous developer. It was touted as the biggest memecoin in the cryptocurrency market and a major counterpart for the reigning Dogecoin. However, its progress has not been as consistent, and analysts note that it might be due to a lack of proper governance within the platform.

Shiba Inu (SHIB) exists on the Ethereum blockchain and also operates using smart contracts. The platform supports a decentralized exchange, Shibaswap, which helps users trade crypto pairs for a transaction fee. There is also an NFT incubator where users can tokenize their digital content. After converting to a DAO, the platform plans to launch a proper NFT platform in the future, which will improve the decisions made concerning the project’s future.

Shiba Inu (SHIB) is abundant, numbering about a quadrillion tokens at launch, with about half of that in circulation. The developers will probably burn the rest of the tokens to improve the token’s cryptocurrency price.

Shiba Inu (SHIB) currently sells for $0.00001 on CoinGecko.

Compound (COMP)

The Compound (COMP) platform launched in 2017 as a platform for users, featuring several token markets where they can borrow and lend tokens at different interest rates. The platform permits borrowing by any user without the need for collaterals and interest rate negotiations.

Like decentralized platforms, Compound (COMP) calculates interest rates using algorithms that read the market trends and determine the rates at which users can borrow. Lenders send their tokens to secure Ethereum smart contracts monitored by Compound, from where the borrowers receive their loans.

The platform uses two tokens: cToken, which is the currency for the platform, and COMP, which is the governing token used on the network. Borrowers receive cTokens, and lenders contribute cTokens to the platform from their respective wallets. COMP is used for voting on protocol-related decisions. Individual users could adjust their voting rights, and a reduction in COMP balances restores each user’s voting rights to default.

COMP is available on various DEXs for $. The developers release new tokens every day for use by borrowing users.

Big Eyes (BIG)

Big Eyes (BIG) is a new memecoin looking to offer more than laughs in the cryptocurrency market. The presale started in September and has been proof of its increasing popularity. The developers are not stopping there too. They hope to keep the project relevant, and a look at the existing and expected features will convince you. 

So far, it has been mostly publicity and marketing for Big Eyes (BIG). The platform has pooled users from crypto projects across the crypto space to establish a community-oriented project. Right from its presale, Big Eyes (BIG) has convinced its members they will be paramount in its interests, as the developers made over 70% of the initial 200 billion tokens available for the event.

Also, in appreciation for the fantastic support the members gave during the presale, Big Eyes (BIG) will host a giveaway contest with 250,000 tokens for grabs by ten members. The winners will be selected from a draw held later in the year and will be announced by December. Eligible members must have some BIG tokens by the draw date before being selected.

The developers have created and audited Big Eyes’ (BIG) smart contracts using Solidity. They have also gotten the coin to list on exchange platforms like CoinDex and Coincheckup, and they are working on a launch with UNISWAP to achieve greater reach within the cryptocurrency market. 

The presale is still on, so there is still some chance to get in the project ‘early.’ Click this link to buy your BIG tokens and stay updated with news from the development team:

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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