Place/Date: – October 22nd, 2022 at 9:55 am UTC · 3 min read
Source: Big Eyes Coin (BIG)
Cryptocurrencies and the blockchain business are rapidly rising and causing a seismic shift in the global financial system. Therefore, crypto enthusiasts can choose from a variety of exciting options. But for now, their attention is focused on the up-and-coming cryptocurrency trend known as decentralized finance (DeFi).
The emergence of DeFi can be attributed to the growing demand for fresh tools to compare potential financial outcomes. As a result, the banking industry is now open to decentralization, ushering in an era of unprecedented trustworthiness and openness.
When compared to the centralized banks we’re used to, blockchain’s promised decentralization will completely upend the financial sector.
No matter how familiar you are or aren’t with blockchain technology or cryptocurrencies, you should be curious about DeFi and its potential future applications.
In this piece, we highlight two major DeFi initiatives, Fantom (FTM) and Big Eyes Coin (BIG), and discuss how they will affect current domestic and international financial models.
Fantom (FTM)
Fantom’s rise in popularity can be attributed to its network architecture, offering a practical solution to the blockchain trilemma. Decentralization, safety, and stability are all goals that it aspires to meet. The platform’s speed is due in part to Lachesis, a fast consensus process built into the platform.
As a direct consequence of this, monetary transactions are nearly immediate. As a blockchain that allows for the creation of smart contracts, it provides a reliable setting for creating decentralized applications.
Fantom enables decentralized finance (De-Fi) by functioning independently. The aBFT (Asynchronous Byzantine Fault Tolerant) POS consensus mechanism is used to connect the various parts of the system. This helps to maintain the network’s overall efficiency.
Fantom is used for transactions because of its fast throughput and reliability. Further, it works perfectly for governance and on-chain tasks.
Token holders on the FTM network will have a voice in shaping the future of the network through on-chain governance, voting on proposed changes, and upgrades. Your ability to exert influence is directly proportional to the amount of FTM you possess.
Big Eyes Coin (BIG)
The Big Eyes Coin (BIG) is a community token with the primary objectives of facilitating the transfer of cash into the DeFi ecosystem and ensuring the long-term viability of a vital component of the global ecosphere.
The BIG community is dedicated to increasing DeFi’s exposure and fostering the technology’s global acceptability. Since decentralized financial systems are still uncommon, most individuals either need to learn about them or start using them.
For this reason, Big Eyes Coin (BIG) is developing mechanisms like Big Eyes Swap, back-end platforms, and community-based education to help disseminate information about blockchain technology and its numerous applications.
Big Eyes Coin intends to build a tight-knit ecosystem where community tokens can be used to generate considerable cash for the community and charity, with the proceeds going to ocean conservation organizations.
Users will receive NFT tokens and other incentives in exchange for contributing to the ecosystem. The dynamic tax structure of the platform, which includes purchasing a liquidity pool, auto burn, and the network’s advertising wallet, is beneficial to all members. No sales tax will be applied to any purchases made by members of the network.
Find out more about the presale of the BIG token here: presale, website, Telegram.
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