The financial sector has been dominated by conventional institutions like banks, brokerage houses, and governments for as long as it has been big enough to matter. However, it has been undergoing a transformation for over a decade now as a result of cryptocurrencies. Blockchain technology and the concept of Decentralized Finance (DeFi) have empowered people to take control of their funds by removing third-party meddling and providing a higher level of data privacy and control.
This cryptocurrency revolution has paved the way for innovation within the financial sector and in all other aspects of human life. This innovation has brought stablecoins like Dai (DAI) and utility tokens like Binance Coin (BNB). Meme coins, one of the products of this innovation, have become a standout in the industry with Dogecoin (DOGE) and Shiba Inu (SHIB) being very good examples. Big Eyes Coin (BIG) wants to make a name for itself in the industry like those that came before and it could give users up to 100x of the profits that its predecessors provided.
An Overview of Dai (DAI)
Dai (DAI) is an Ethereum-based stablecoin that was launched in 2017 and is controlled by MakerDAO (a Decentralized Autonomous Organization). A lot of crypto veterans consider Dai (DAI) to be the first DeFi cryptocurrency to receive mass adoption. The price of Dai (DAI) is softly pegged to the US dollar and its collateral is provided by a mix of other cryptocurrencies. These are obtained when users lock their cryptocurrencies in smart contracts to mint new Dai (DAI) tokens. However, there are two types of Dai (DAI) tokens and there is an important distinction between them. These are the Single Collateral DAI (SAI) and the Multi Collateral DAI.
The Single Collateral DAI (SAI) is an older version of the token whose collateral can only be provided by one cryptocurrency. Unlike Multi Collateral DAI, SAI does not support the DAI Savings Rate (DSR). This is an interest rate for deposits of Dai (DAI) tokens and it lets users earn savings by holding on to those Dai (DAI) tokens. This interest rate is decided by voting on MakerDAO. Multi Collateral DAI was released in 2019 and it supports collateral in the form of any Ethereum-based cryptocurrency.
How to Purchase Dai (DAI)
Users can obtain Dai (DAI) tokens by locking their cryptocurrencies in Maker Vaults on the Maker Protocol. The Maker Protocol then mints Dai (DAI) which is given to the user as a loan. To retrieve their locked cryptocurrencies, users must pay back the Dai (DAI) tokens they borrowed with the stability fee charged. Users can also purchase Dai (DAI) tokens on Centralized Exchanges (CEX) or swap their cryptocurrencies for Dai (DAI) tokens on Decentralized Exchanges (DEX). Dai (DAI) tokens are ERC-20 standard tokens so users will have to bridge their tokens before they can be swapped on other, non-Ethereum-based DEXs.
What is Binance Coin (BNB)?
Binance Coin (BNB) was launched in 2017 and it is the native cryptocurrency of the BNB Chain (formerly known as Binance Smart Chain). Binance Coin (BNB) was originally launched on the Ethereum network as an ERC-20 standard token but it was moved to its blockchain in 2019.
Binance Coin (BNB) was created as a utility token to provide discounts on transaction fees for its users but since then, its uses have expanded to numerous applications on multiple platforms. Binance Coin (BNB) is used to pay transaction fees on Binance.com, Binance DEX, and BNB Chain. It is supported by multiple service providers all around the world and can be used to pay for entertainment, travel and other services. It can be used to purchase cryptocurrencies launched on the Binance Launchpad and it can also be used within decentralized applications (dApps) and games developed on the BNB Chain.
How to Buy Binance Coin (BNB)
Binance Coin (BNB) can be purchased on any CEX or DEX that supports it. Direct purchases from the Binance CEX or DEX are the recommended option. The exchange that will be used depends on whether the customer wants to exchange other cryptocurrencies for Binance Coin (BNB) or buy Binance Coin (BNB) using fiat currency. To do this, interested users must sign up and verify their identity on the Binance website. After that, clicking on the “buy crypto” button at the top left corner of the screen will reveal all available options. Users are advised to purchase a stablecoin first, such as Tether (USDT) or Binance USD (BUSD), before using them to purchase Binance Coin (BNB).
Binance Coin (BNB) can also be purchased using a debit/credit card, through peer-to-peer trading, a bank deposit or using any available third-party payment option. Binance Coin (BNB) can be stored in a personal wallet or your Binance account.
Big Eyes Coin (BIG): The Ultimate Meme Coin
Big Eyes Coin (BIG) has been generating a lot of buzz on the internet since its launch. But what is Big Eyes Coin (BIG)?
Big Eyes Coin (BIG) is a new meme coin inspired by Big Eyes, its feline mascot. He was tired of only being seen as meek and cute and weak but after a globe-spanning adventure, he came to terms with it. He began to see his cuteness as a strength and not a weakness. He also realized that humans need help with their plans to save the oceans. Big Eyes decided to cash in on his cuteness and help in the fight to save the oceans and all the life inside them. To achieve this, multiple donations will be given to charities.
Because of its special characteristics, Big Eyes Coin (BIG) has become one of the most talked-about meme coins in the cryptocurrency industry and it is expected to speed up the adoption of blockchain-based DeFi systems and solutions. To help achieve this, all features, back-end systems and platforms like Big Eyes Swap will simplify as much of the crypto trading process as possible. Users will also be provided with tutorials and guides to help them get acquainted with crypto trading.
There is one key thing that gives success to meme coins and general crypto projects. This is the community and Big Eyes Coin (BIG) always puts its community first. All news about Big Eyes Coin (BIG) will get to its community first and there will be regular token and NFT giveaways and events to keep the community engaged.
What are Big Eyes Coin (BIG) Cuteomics?
Big Eyes Coin has a maximum supply of 200 billion tokens. 90% of these will be available to the community at launch. 70% will be sold during the presale to the public and 20% will go to exchanges. The final 10% will be split into two with 5% going to charity and the other 5% for marketing. NFTs on the platform will be subject to a 10% tax. 5% of this will go to the holders, 4% to the original seller and the final 1% will go to charity. There will be no buy/sell tax or fees.
How Can You Join The Big Eyes Coin (BIG) Presale?
You must have a supported wallet like Metamask installed on your browser to buy Big Eyes Coin (BIG). You can also use wallets supported by Wallet Connect (Trust Wallet is recommended). A desktop browser with Metamask will provide the best experience but you can buy Big Eyes Coin (BIG) on your mobile device. If you are using a mobile device, you can use Trust Wallet and connect using the built-in browser.
Click “Connect Wallet” and choose the relevant option once you have your selected wallet provider ready. Click on “Wallet Connect” to connect your wallet if you are on a mobile device.
After setting up your wallet, you can purchase Big Eyes Coin (BIG) using ETH or USDT. You can also use your card. To do this, visit https://www.moonpay.com/buy to purchase ETH with your card. Then you can purchase Big Eyes Coin (BIG) directly with ETH.
1000 tokens are the minimum amount that can be purchased and it is recommended that you have $15 or more of USDT or its equivalent in ETH.
As soon as the presale is over, all purchased tokens can be claimed. Before the end of the presale, more information will be made available. When that time comes, visit https://bigeyes.space/ and use the pink “claim” button to claim your tokens.
Cryptocurrencies like Big Eyes Coin (BIG) don’t join the industry very often. Big Eyes Coin (BIG) cares about its community and it’s fighting for a noble cause. Community-driven tokens have been known to bring a lot of wealth to their community and charity and Big Eyes Coin (BIG) isn’t an exception. By the 30th of August 2022, Big Eyes Coin (BIG) had raised $1,283,579.69 in the public presale. There are no signs of slowing down and Big Eyes Coin (BIG) will soon be launched on Uniswap.
Big Eyes Coin (BIG)
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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