Is Big Eyes Coin the next 10x Dogecoin?
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In a world of constant violence, heartbreak and insecurity, people look forward to the aspects of positivity that are mostly found in arts and entertainment. It is no wonder social media is so popular today, especially among young people.
It appeals to the imaginative part of youths. The energy and vigor present in them need an outlet and social media provides a platform for that.
The creation of social media also brought about the monetization of content. Jobs like social media management, influencing, content creation, and copywriting were virtually unknown 20 years ago. Now, people with these jobs are part of a niche that generates billions of dollars in revenue each year.
As these jobs have been created, other platforms were also built as alternatives for income generation and freedom of expression. Blockchain technology, cryptocurrency, and the most recent brainchild, Non-Fungible Tokens. Contrary to popular belief, cryptocurrencies and Blockchain technology are not just technical forms of wealth creation and financial technology. They were also created to facilitate fun, entertainment, and creativity with the bonus of generating income through these media.
One major example is Non-Fungible Tokens. These are unique digital assets mostly used to individualize other assets on the Blockchain network. These assets are verifiable and have real-world value, with some selling as high as 2,000,000 USD.
Big Eyes Coin (BIG) and Dogecoin (DOGE) provide users with new and exciting opportunities with the potential to maximally increase returns on investments. Starting with the gaming sector, NFTs have been leveraged on the cryptocurrency market to represent any asset ranging from personal identities (avatars) to real estate.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a community-based cryptocurrency that will offer its users a lot more than just a platform for financial transactions.
Decentralized Finance (DeFi) has mostly been about providing a seamless opportunity for the trading and exchange of digital assets. This can sometimes be too technical for the average user and holds no appeal beyond that.
Big Eyes Coin (BIG) hopes to change this narrative by creating a platform where users can generate wealth using every aspect of the platform. Big Eyes Coin (BIG) also promises to make decentralized finance as uncomplicated and user-friendly as possible. This will be possible through the use of back-end systems and simplified tutorials.
Big Eyes Main Features
To fulfill its goal of "shifting wealth into the decentralized finance ecosystem", the platform will include the following features that will set it apart:
- Community-centered: Big Eyes Coin (BIG) understands that the real strength and value of a cryptocurrency lies in its community of users. This community will consist of developers and creators that will create systems and utilize tools for the growth of the ecosystem.
- Tax: On the Big Eyes (BIG) platform, investors and their investments will take priority. There will be a dynamic tax system put in place to ensure that the platform remains sustainable. The tax system will allow for changes like Auto Burn Function, Liquidity Provider (LP) Acquisition, and marketing wallets.
- Charity: The platform is interested in giving back value to its users and the world. There will be a Visible Charity Wallet that will hold 5% of tokens for the sole purpose of saving the oceans.
BIG Plans, BIGger Values
Big Eyes Coin (BIG) plans to maximize growth within a short period and has mapped out how it will achieve this.
The first plan is to garner acquisition through influencing on social media. Its initial success will be based on the reception and popularity of the platform in its infancy stage.
Secondly, the platform will be pushing for a top 10 non-fungible token (NFT) projects that will be community-based and bring value to the ecosystem. With these projects, users will be able to generate income and also have access to future Big Eyes Events. These NFTs will be a huge part of the platform and will create awareness as well. For passionate NFT holders, the platform will have a club known as Big Eyes Sushi created for them. To access the club, users will buy a Non-Fungible Token available on the platform.
Lastly, Big Eyes Coin (BIG) will raise funds through the production and sale of physical and digital products. The funds raised will be dedicated to the expansion of the platform's token and ocean charity projects.
The values attached to the project will be the same as that of its mascot- The Cat. The platform and its users promise to be active and full of energy, entertaining, resilient, and sociable.
BIG Tokenomics and BIG User Earnings
Members of the Big Eyes (BIG) ecosystem will function effectively using the platform's utility token, BIG. There will be regular giveaways and rewards for participation on the platform and these will be in the form of BIG tokens and NFTs. There will be no buy or sell tax and no transaction fees attached for users.
The community will be decentralized and token users get to vote on major changes and decisions to be made on the platform. For example, profits made from NFT events will go into a burn or not burn vote for users to decide.
Dogecoin (DOGE) is a first-generation cryptocurrency that started as a funny concept but quickly became a platform donating USD 50,000 to charities, and becoming an integral part of the crypto space.
Dogecoin (DOGE) was built to introduce fun and goodwill into the crypto community as well as create a censorship-resistant platform for peer-to-peer transactions. This is one cryptocurrency that saw massive growth and acceptance just a few months after its launch, giving credence to the crypto space.
How Dogecoin (DOGE) Works
Dogecoin (DOGE) is built with similarities to Bitcoin, the world's first cryptocurrency token. Much of Dogecoin's code is a direct copy of Bitcoin (BTC) and is used for the secure and quick transfer of value globally.
With a block time of just one minute, the network uses a Proof-of-Work consensus algorithm. This keeps the network secure. Unlike Bitcoin (BTC), Dogecoin's (DOGE) mechanism is based on a Scrypt technology and not the SHA-256 version. Dogecoin (DOGE) miners make use of Field Programming Gaming Array (FPGA) and Application-Specific Integrated Circuit (ASIC) devices to dig.
Using this technology, random numbers are generated rapidly and stored. These numbers, stored on the Random Access Memory (RAM) are continuously accessed before a result is submitted. This allows miners to use less power but requires more memory and has been proven to be efficient for problem-solving.
Digging For DOGE
Mining on the Dogecoin (DOGE) network is not as competitive as it is on other major Blockchain networks. The ecosystem employs diggers. Their job is to secure the network by validating new transactions and adding blocks to the chain.
Digging for Dogecoin (DOGE) serves as a source of income for many.
With miners making up to USD 3 per day, mining costs aside, users can earn passive income either by holding their earned tokens until it increases in value before selling or by outrightly selling coins as they are earned.
Dogecoin's Popularity and Community
The face of Dogecoin (DOGE) is the popular Shiba Inu (a dog breed) from viral internet memes. This was a feature introduced by the platform's developer to make the project entertaining for users.
As it turns out, it was a smart move because the cryptocurrency token attracted individuals who wanted to be involved in the crypto space but were not seriously interested.
Investments in Dogecoin (DOGE) yielded results as high as 10,000% returns. The cryptocurrency even had and still has major celebrities investing and championing the token.
Dogecoin (DOGE) users are a close-knit community. From donation campaigns for sports teams to training dogs for autistic children, Dogecoin (DOGE) boasts of an impressive charity record which they hope to increase.
DOGE is the utility token of the Dogecoin Ecosystem. The token currently has no limited supply and is used for purchasing food, drinks, and even hosting. Dogecoin's network has seen an increase in the last few years and now has major vendors and retailers accepting the DOGE token as a means of payment for goods and services. Every year, 5 billion DOGE tokens are issued to the public.
Asides from that, it is rewarded to diggers (miners) for securing the Dogecoin (DOGE) Blockchain.
The token can be stored in hardware wallets. This helps to keep the DOGE tokens in cold storage (offline) and prevents hackers' access to user investments. Users can also make use of the Ledger Nano S or its advanced other, Ledger Nano X.
The cryptocurrency community has been and will be talking about Big Eyes Coin (BIG) and Dogecoin (DOGE) as time goes on. The overall success of these cryptocurrencies will come from popularity on social media and meme culture. These media show no sign of going out of fashion for years to come.
We cannot dismiss the possibility of these tokens reaching their full potential and giving buyers and users great value for their money.