Thursday, October 6, 2022

Look Out As Big Eyes Coin is Set to Join Chainlink and Uniswap In Taking Over The Crypto Market

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It is well known within the crypto industry how important it is that a project has the full backing and support of its community. Many of these crypto projects require the community to make reasonable input and contributions, from voting and governance to adoption and purchase. Many projects are almost exclusively pushed by community activity. This means that crypto projects always try to make innovative additions that appeal to the community they serve. This, in turn, cements the community’s loyalty and the project’s market dominance and longevity. 

Big Eyes Coin (BIG), Chainlink (LINK), and Uniswap (UNI) are three massive and potentially profitable blockchains fully committed to community growth and support. They have ensured a steady community following by implementing attractive and innovative updates and adaptations to serve the community better and foster adoption.

Look Out As Big Eyes Coin is Set to Join Chainlink and Uniswap In Taking Over The Crypto Market 5

What is Big Eyes Coin (BIG)?

The Big Eyes Coin (BIG) project is an ecosystem that prioritizes community above all else. It is a fully community-driven DeFi protocol that has improved wealth creation, scalability, and asset security. These features propel Big Eyes Coin to a position where it could be one of the leading DeFi protocols shortly. Big Eyes Coin protects users’ interests and purchase decisions by harnessing leading DeFi solutions to build a self-propelled Blockchain that improves financial growth using DeFi and NFT technology to cater to fully and grant access to more content and services within the ecosystem. 

The Impact of the Big Eyes Coin Community

Big Eyes Coin (BIG) has implemented various activities and ideas to foster community growth. These ideas push DeFi and Blockchain availability and access while harnessing this technology to improve the community and bring lasting change. The most notable feature is the Big Eyes Coin’s involvement with the Save the Oceans Campaign, a charity dedicated to protecting aquatic life and preserving fragile marine ecosystems. This campaign would significantly make the waters safe for both human and marine life and ensure food security for humans and animals. It would also do a lot to undo the damage caused by unchecked human activity. 

Apart from this charity project, the Big Eyes ecosystem is developing a platform called the Big Eyes Swap. This platform would facilitate ease of transactions, exchange, and trading within the ecosystem. It would also feature the Big Eyes NFT; a collection of creative, beautiful, and valuable virtual assets that would funnel more wealth into the ecosystem and potentially create more profits for users who purchase and hodl or flip these assets.

Governance within the Big Eyes Coin (BIG) Ecosystem

As a community-driven protocol, Big Eyes Coin (BIG) utilizes the proof of stake consensus mechanism to validate transactions and implement changes. This means users can stake BIG tokens to earn voting privileges. Users can also delegate their privileges to other users. This makes the ecosystem run more smoothly, and it greatly improves scalability.

Big Eyes Coin Tokenomics and Distribution

The native token of the Big Eyes protocol, the Big Eyes Coin (BIG), is the utility and governance token within the ecosystem. With a max supply of 200 billion coins, It serves many purposes like paying trading fees, staking to earn governance privileges and staking rewards, liquidity provision, and access to the NFT collection.

With the coin set to launch pretty soon, the coin distribution has been arranged to go in this way:

90% of the coin would be available on launch day. 70% would go to the public presale event, while 20% would go to the exchange (Big Eyes Swap)Of the remaining 10%, 5% would be delegated towards marketing initiatives, media campaigns, and programs. The rest of the coins would be donated to the charity for saving the oceans and protecting wildlife. Trading with Big Eyes Coin, users are promised zero fees, zero tax, and zero hassles. 

Roadmap

The Big Eyes Coin roadmap is divided into 4 phases; Crouch, Leap, Run, and Catwalk. These 4 phases embody the mascot of the project, a wide-eyed cat. As a cat is devoted to grace and to groom, the Big Eyes Coin (BIG) ecosystem is committed to constant improvement within the ecosystem, as well as community growth and development. 

Phase I: Crouch

Token auditPresale website launchPresale eventMedia campaign

Phase II: Leap

Uniswap DEX launchBlockchain bridgeCharity eventInfluencer campaignNFT sneak peekBig Eyes swap launchMerch distribution

Phase III: Run

NFT launchNFT purchase eventCharity eventInfluencer campaign

Phase IV: Catwalk

Community developmentMore cross-chain bridgesCharity eventNFT evolution 

More information on the Big Eyes Coin (BIG) project is available on their website. 

Look Out As Big Eyes Coin is Set to Join Chainlink and Uniswap In Taking Over The Crypto Market 6

Chainlink’s (LINK) Key Features

A major issue plaguing the crypto and Blockchain industry was how to source accurate and reliable data from off-chain sources to use within the Blockchain easily. Other methods proved to be time-consuming and unreliable. This led Sergei Nazarov and Steve Ellis, founders of smartcontract.com, to launch Chainlink (LINK) in 2017. Chainlink (LINK) is a decentralized Blockchain network that incentivizes data providers (Oracles) to source truthful, reliable, accurate, and timely data from off-chain sources to a blockchain. 

Oracles are essentially software programs that act as a middleman or intermediary between smart contracts and the real world. Chainlink (LINK) is an ecosystem of oracles that provides useful data from outside the Blockchain to the Blockchain and vice versa to facilitate the access of smart contracts to real-world data. This data is essential for the execution of many smart contract commands. 

How does Chainlink (LINK) work?

Chainlink (LINK) uses node operators (or stakers) to source information and regulate the oracle network. When a transaction is sent for validation, it is transcribed into a requesting contract which the smart contracts register as an event. The requesting contract is then sent to node operators, who are incentivized to be trustworthy by staking rewards and by the fact that they have their assets staked within the ecosystem. 

These node operators then pass the requesting contract through three stages:

 Reputation contract: this is a smart contract that validates the credibility of oracles by checking their activity log and history. Credible oracles are selected, and the transaction goes to the next phase.Order matching contract: this contract sends requests to trusted nodes that have been vetted by the reputation contract and sorts through their bids. Aggregating contract: this contract collates and validates data from single and multiple sources. It also settles disputes in data differences by simply choosing the data set provided by more nodes. Then an average is taken, which is adopted as the correct data. 

With this simple process, Chainlink makes real-world data available on the Blockchain for smart contract execution. 

Tokenomics

The native token of the Chainlink (LINK) ecosystem is the LINK coin. It is an Ethereum-based token that uses the proof-of-stake consensus mechanism. Within the ecosystem, the coin provides utility and governance. LINK is capped at a max supply of 1 billion tokens. 

The LINK token is used to fund the project’s growth primarily. It is a deflationary token with a circulating supply of just over 464 million tokens. 

Uniswap (UNI) – The Popular Cross-Chain Platform

As more and more Ethereum-based projects kept launching, there emerged a need for the facilitation of safe, timely, cost-effective, and secure transactions, exchange, and storage of these digital assets. This led to the creation of the Uniswap (UNI) exchange. Uniswap (UNI) is an Ethereum-based decentralized exchange platform that embodies true DeFi solutions to drive the safety and ease of crypto transactions. It was founded in 2018 by Hayden Adams and is a pioneer DEX platform running on the Ethereum Blockchain. 

Uniswap (UNI) ensures the easy trading and exchange of Ethereum-based tokens and tokens built on other chains with the aid of smart contracts. It enables cross-chain communication with no additional costs to users. 

The Uniswap DAO

Uniswap (UNI) is a solid community-driven project. This means that the protocol’s developers have the community as the top priority. Any major change to the Uniswap framework is made to serve the community better. 

The Uniswap (UNI) Decentralized Autonomous Organisation (DAO) retains governance for the Uniswap ecosystem. It also serves to vote on changes, make suggestions, and submit proposals to the developers as to where the project should go. Governance of the Uniswap ecosystem is achieved through staking UNI tokens. 

Look Out As Big Eyes Coin is Set to Join Chainlink and Uniswap In Taking Over The Crypto Market 7

The Uniswap (UNI) Token

The Uniswap token (UNI) is the native token of the Uniswap ecosystem. It primarily serves a governance purpose and is used by the Uniswap DAO to effect change within the ecosystem. The coin was initially airdropped to users who had previously used Uniswap to make token exchanges. Many users sold their coins shortly after, while some staked theirs for voting rights. 

Uniswap has a strong liquidity pool powered by the strength and security of the Ethereum Blockchain. It is a project that has market dominance, as well as longevity. 

By observing Uniswap (UNI), Big Eyes Coin (BIG), and Chainlink (LINK), it is clear to see that crypto projects are nothing without a community. These projects, especially the Big Eyes Coin, are particularly devoted to community development and strength and have the potential to create wealth and value within their community. You can also find out more information about the community and program here.

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