The competition for top tokens in the cryptocurrency market is getting more intense, as token platforms keep adding more contemporary features by the year. Big Eyes Coin (BIG) will compete with veteran platforms Avalanche (AVAX) and Theta Network (THETA) at the top of the crypto charts with its NFT club, Sushi Crew, which will attract users from all over the crypto space. Here’s a summary of the Big Eyes Coin (BIG) whitepaper announcement and how it stands in the cryptocurrency market.
Avalanche–AVAX NFTs Rocking the DeFi Space
Avalanche (AVAX) is a DeFi platform renowned for its scalability, as well as diverse DApps collection, and exists as an excellent alternative for Ethereum in terms of transaction processing and NFTs. The platform often helps Ethereum reduce user traffic by accommodating Ethereum blockchains on its network.
Avalanche runs on a proof of stake protocol that promotes the staking of tokens. The stake protocol reduces energy usage on the network, quickens transaction processing, and reduces transaction fees Users that stake their assets receive AVAX tokens as rewards.
Avalanche (AVAX) features a composite blockchain with three communicating chains. The chains are tasked with handling different aspects of blockchain operations, decentralizing the tasks to improve the speed of transactions on the network. There’s the P-chain that coordinates the subnets from Ethereum, which helps ease the traffic burden on Ethereum. Other chains on Avalanche include the C-chain, which oversees smart contract creation and integration and the X-chain, which is in charge of balancing user accounts after transactions.
Avalanche (AVAX) got more involved in the NFT trade late in 2022 when its projects stormed the DeFi space. Its NFT surge will provide more competition in an already keenly contested sector.
Avalanche runs using AVAX tokens as fuel and governance tokens. The tokens sell for $18.39 on Coinbase.
Theta Network–Video Sharing Using Blockchain Technology
Theta Network (THETA) came to the limelight in 2017 when its presale matched the Ethereum record of $19 million. The platform seeks to address the low video quality issue on the blockchain, using combined bandwidth from its users to improve video streaming and sharing qualities.
Theta originally launched on Ethereum, where it promoted its protocol among the vast communities on Ethereum. It also had access to an extensive collection of DApps on Ethereum, which helped it progress quickly within the cryptocurrency market. The platform soon moved to its blockchain in 2019, although it still maintains its close relationship with Ethereum, promoting its services on the network.
Theta Network (THETA) runs on an improved proof of stake protocol called the Byzantine Fault Tolerance protocol. It is different from regular stake protocols in that it uses a small group of validators to approve transactions, quickening transaction processing.
Theta Network (THETA) improves video streaming and sharing by encouraging users to contribute spare bandwidth to the pool. Accumulated bandwidth will improve the overall quality of videos for individual users. The DApp majorly involved in the bandwidth-sharing process is Edgecast, which helps users to share both videos and bandwidth.
THETA and TFUEL are the tokens used to power the Theta Network. THETA is the tradable variant and is available on Coinbase for $1.24.
Big Eyes Coin–Get Your Loot Boxes Today
Big Eyes Coin (BIG) is a new memecoin looking to break into the top ranks of the crypto charts by leveraging its popularity, memecoin status, and NFT club, Sushi Crew. Project token has had a successful presale event, breaking the existing records to rake in $31 million in revenue from coin sales.
Developers have created smart contracts holding BIG tokens at discounted prices for users to purchase. The smart contracts, called loot boxes, were devised to push the rest of the tokens into circulation, in line with the token’s goal of making the community the most important aspect of its network.
The NFT club, Sushi Crew, is another crucial aspect of Big Eyes Coin (BIG), as the whitepaper announced that the token wishes to launch its NFT marketplace into the top ten ranks in the cryptocurrency market. Sushi Crew promises to provide charge-free transactions, allowing users to trade their NFTs while avoiding the high Ethereum fees. There are also smart contracts that will aid the automation of operations within the NFT club and on the Big Eyes Coin platform.
Here’s your chance to join the biggest memecoin launch in history while the presale is still ongoing. Click here to get to the presale page.
*This article was paid for. Cryptonomist did not write the article or test the platform.