The Ethereum blockchain is home to several DeFi solutions, from smart contracts to gaming platforms and token projects. The network is one of the most popular in the cryptocurrency market, and developers often prefer to launch their coins on it rather than build a separate blockchain.
Launching on the Ethereum network allows your coin to access the many applications on the blockchain, which will make trading a lot easier for the users. Here, we will review Big Eyes Coin (BIG), the new meme coin project, and how it aims to overtake Shiba Inu (SHIB) and Polygon (MATIC).
Shiba Inu: Seamless Token Exchanges And NFT Launch
Shiba Inu was launched on the Ethereum blockchain in 2020 to determine how well a token would perform if the community ran it. Since its release, it has been fairly successful, although much of its progress has been hindered because it doesn't have a proper governing system.
The Shiba Inu (SHIB) platform is operated by smart contracts that offer their users automated financial services. The protocol hosts a decentralized exchange, Shibaswap, which facilitates token exchanges between the platform and users all over the crypto space. Apart from Shibaswap, users have access to an NFT incubator where they can create customized tokens from digital content for minting on other platforms.
The project plans to convert to a Decentralized Autonomous Organization, where a proper hierarchy will be developed to ensure the token's progress. An NFT launch is also expected soon to augment the incubator's operations. The native token, SHIB, sells for $0.00001 on CoinMarketCap.
Polygon: A Bridge To Ethereum
Polygon (MATIC) is a token project that was released to resolve the issues Ethereum had at the time, especially the intense traffic experienced on the network. The network is a side chain that parallels Ethereum, making it easy for users to move assets from Polygon to Ethereum and back.
Polygon was especially useful when NFTs became famous in 2021, as it was an acceptable payment option for minting and listing on OpenSea. The Polygon network communicates with the Ethereum blockchain via bridges which enable asset and token transfer. The trade influx on Ethereum's network caused a lagging in transactions, resulting in a loss of scalability.
The bridges are connected to a smart contract on the Polygon network, where users can deposit their assets. To avoid unnecessary charges, you should trade Polygon for DEXs that support it. MATIC, the official coin for the platform, sells for $0.9152, at the time of writing, on CoinMarketCap.
Big Eyes Coin: Community Giveaways And Ready-Made NFTs
The Big Eyes (BIG) platform aims to unseat its major counterparts on the Ethereum blockchain to become the most popularly used token on the network. The presale event is proof enough, as it has sold over $9 million already.
Besides leveraging the DApps on the Ethereum network, Big Eyes (BIG) seeks to bring in more members to its growing community through its NFT club, Sushi Crew, which is scheduled to launch in a few weeks.
The platform offers ready-made NFTs and allows users to create their tokens from various forms of digital content. On creation, users can protect their works by binding them to smart contracts, from where other users can buy them. The development team has promised all transactions on Sushi Crew will be free for all users to cut off the high gas fees Ethereum charges for transactions.
In line with its meme coin status, Big Eyes (BIG) also wishes to maintain an active social media presence through stunts that will draw users from other communities.
The developers announced a giveaway contest in late September to appreciate the massive support they got from their members. Ten members will be announced as winners in December from a random draw. The first place gets about 100,000 tokens, while others share 150,000 tokens.
You must hold BIG tokens at the time to be eligible for the draw. The presale is already in its sixth stage, and there is no better time to join the Big Eyes community. Plus, you can use the code BIG419 to receive a coin bonus on your purchase.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
