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Litecoin (LTC) brought a revolution to the crypto industry when it was launched. It was designed to improve Bitcoin (BTC) and since then, developers have been creating different cryptocurrencies to improve on existing ones and bring much-needed change and variety to the industry. This is the trend that gave birth to Elrond (EGLD) and many others like it.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) enjoyed price explosions in 2020 and the meme coin market became a viable part of the crypto industry. Now, Big Eyes Coin (BIG) wants to take the existing meme coin model and drastically improve it. Big Eyes Coin (BIG) has the potential to replicate the success we’ve seen by the biggest cryptos in the industry and even outperform them. But before we look at this industry-changing meme coin, let us take a look at some of the cryptos that paved the way for this revolution.
Summary
Litecoin (LTC)
Litecoin (LTC) is a DeFi crypto token that was launched in 2011 by former Google software engineer Charlie Lee. The main goal of Litecoin (LTC) was to provide users with faster, cheaper, and more secure payments using blockchain technology. It was designed to improve on the existing design of Bitcoin (BTC) and work as an alternative and a lighter version. This is why it is called the first ever “altcoin”.
What Makes Litecoin (LTC) Different?
Litecoin (LTC) is a fork of Bitcoin (BTC) with key improvements. First, both cryptos use different hashing algorithms. Bitcoin (BTC) uses SHA-256 while Litecoin (LTC) uses Scrypt which is a simpler algorithm and requires a lot less energy and processing power to run.
Because Litecoin (LTC) was designed to prioritize transaction speed, it can handle a block in 2.5 minutes which is significantly less than the 10 minutes it takes to mine a block on Bitcoin (BTC). Litecoin (LTC) also provides its users with very low transaction fees and this makes it the preferred option for peer-to-peer transactions and other payments.
How to Buy Litecoin (LTC)
Litecoin (LTC) is one of those few cryptocurrencies with a wide range of utilities and it’s one crypto that should be in every enthusiast’s portfolio.
Litecoin (LTC) can be purchased on the most popular Centralized Exchanges (CEX) using fiat currencies or exchanged with other cryptos on Decentralized Exchanges (DEX).
As of August 27th, 2022, Litecoin (LTC) was trading at $52.87 with a market cap of $3,755,921,644.
What is Elrond (EGLD)?
Lucian Todea, Beniamin, and Lucian Mincu founded the Elrond Network in 2017 to manage their Elrond (EGLD) cryptocurrency. In June 2019, Elrond (EGLD) raised $1.9 million from angel investors in a private investment round. In the same month, Elrond (EGLD) raised $3.25 million in an Initial Exchange Offering (IEO) by exchanging 25% of its token supply.
These tokens were distributed as ERD coins at the time but Elrond (EGLD) launched its mainnet in July 2020 with the new EGLD tokens. They held a transitory event so users could swap their ERD for EGLD tokens.
How Does Elrond (EGLD) Work?
Elrond (EGLD) was designed to compete with major blockchains like Ethereum (ETH). To achieve this, it was built with scalability as a priority and to have low transaction fees and very high transaction speeds. It also has two important features: adaptive state sharding and secure Proof-of-Stake (SPoS).
Adaptive state sharding is a combination of the three sharding techniques used by cryptocurrencies (state, transaction, and network sharding) to produce an optimal mechanism. This allows parallel processing and improved communication inside all the shards which leads to improved performance in terms of scalability, transaction rate, and speed.
Secure proof-of-stake is the method Elrond (EGLD) uses to reach consensus and it keeps all members of the distributed network in sync. Because Elrond (EGLD) uses shards instead of a single chain, SPoS selects the validator nodes that will produce the blocks within the shards instead of using the entire network and this produces faster transaction times. Elrond (EGLD) also supports smart contracts and using languages like Rust, C, and C++, developers can build decentralized applications (dApps) and design custom systems to provide different services to their users.
How to Buy Elrond (EGLD)
Just like Litecoin (LTC), Elrond (EGLD) is a popular and very useful cryptocurrency and it can be purchased on most DEXs and CEXs. As of August 27th, 2022, Elrond (EGLD) had a price of $52.36 and a market cap of $1,207,631,740.
Litecoin (LTC) and Elrond (EGLD) have given a lot of profit to their users but the time has come to look towards the future of the industry and towards cryptos that could provide 100x and maybe even more than what these two were able to give their users.
Big Eyes Coin (BIG) – What Decentralized Finance (DeFi) Has Been Missing
Big Eyes Coin (BIG) is the newest meme coin in the market and it might be the best one so far. It has the cutest mascot the industry has ever seen but Big Eyes Coin (BIG) is much more than its adorable mascot. It has very big plans for DeFi, its community, and the rest of the world. Big Eyes Coin (BIG) wants to support the fight to save the earth’s oceans and multiple donations will be made to different charities that support this good cause.
Big Eyes Coin (BIG) will also engage its community with regular events and giveaways. Big Eyes Coin (BIG) is all about rapid growth and it has plans to build a blockchain ecosystem that propagates itself and provides more content and events for the community using NFTs. The team behind Big Eyes Coin (BIG) understands that a lot of people are not members of the crypto community because they don’t understand it and don’t know how to get in. To remedy this, all the systems and platforms like Big Eyes Swap and others will be simplified to make them as accessible as possible.Â
Tutorials and how-to guides will also be provided to make entry into the DeFi industry and the Big Eyes Coin (BIG) community as simple as it can be. The crypto industry is full of scams and meme coins enthusiasts have suffered from these the most. Big Eyes Coin (BIG) isn’t just another rug pull. It has detailed plans and will provide the community with action and not just plans and promises.
Tokenomics of Big Eyes Coin (BIG)
Big Eyes Coin (BIG) has a maximum supply of 200 billion BIG tokens and 90% of these will be made available to the community when it launches. These will be distributed as follows:
- 70% will be sold in a public presale
- 20% for exchanges
- 5% for the Big Eyes Coin (BIG) marketing wallet
- 5% held visibly for charity
NFTs will have a 10% tax and this will be distributed as follows:
- 4% will go to the original seller
- 5% will go to the NFT holders
- 1% will be given to charity
Big Eyes Coin (BIG) has no buy tax or sell tax and no fees.
How to Buy Big Eyes Coin (BIG)?
First, you must have a compatible wallet installed on your browser. Metamask is recommended but any wallet supported by Wallet Connect can be used. Mobile devices can also be used, although a desktop browser with Metamask installed is advised for the best experience. To use your mobile device, simply link Trust Wallet to the device’s browser and follow the steps below.
After the wallet set-up is complete, click “Connect Wallet” and select the appropriate one. Those on mobile devices will have to click on “Wallet Connect” to select their wallet. There are three options to purchase Big Eyes Coin (BIG). It can be done using a card, ETH, or USDT.
Holders of ETH and USDT can purchase Big Eyes Coin (BIG) directly. Before attempting a purchase, it is advised that you have a minimum of $15 worth of USDT or an equivalent amount of ETH in your wallets and you can’t purchase less than 1000 tokens.
If you’re using a card, you can visit https://www.moonpay.com/buy to purchase ETH with your card. After that, you can purchase Big Eyes Coin (BIG) directly with ETH.
After the purchase is complete, you will have to wait till the end of the presale to claim their tokens. After the presale, tokens can be claimed using the pink “claim” button that will be available at https://bigeyes.space/. More information will be made available to the community before the presale ends.
Final Thoughts
Litecoin (LTC) and Elrond (EGLD) are standouts in the crypto industry but Big Eyes Coin (BIG) has the potential to become that crypto whose success in the future will want to replicate.
Big Eyes Coin (BIG) will soon launch on Uniswap and the presale will only go on for a limited time. There isn’t a better time to purchase Big Eyes Coin (BIG) so don’t miss out.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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