Amid a prolonged crypto winter, not too many projects have been brave enough to give a try at a major launch. But as a new year approaches, many are looking to turn the page.
One investment theme that could hold up in 2023 are community-driven tokens, following in the footsteps of successful projects such as Dogecoin (DOGE) and Shiba Inu (SHIB).
One particular project that’s created a lot of chatter and the “next big player” in the cryptocurrency industry is Big Eyes Coin (BIG).
As the meme token gears up for a much-anticipated launch, let’s find out what sets Big Eyes apart from others.
What Are Meme Coins?
The first decentralized cryptocurrency to ever be created was Bitcoin (BTC) and soon after Ether (ETH) hit the market, marking the beginnings of a new economy based on blockchain technology.
However, this also gave rise to a new phenomenon: meme tokens. Simply put, meme coins are digital currencies inspired by jokes, memes and internet parody.
Despite generally lacking utility, meme coins have seen an explosion in popularity, initially led by Dogecoin (DOGE).
Dozens of meme coins have sprung in the last few years, sometimes even based on parodies or parodies, although it might not always be clear what exactly makes these tokens so buzzworthy.
That said, they’re still a considerable part of the crypto market, rallying big communities behind it.
What is Big Eyes Coin (BIG)
Big Eyes is a community-driven token that aims to launch under the goal of improving the global crypto ecosystem, including decentralized finance (DeFi), NFTs and the metaverse.
The project is built on the Ethereum blockchain and will operate as a decentralized app. Currently in stage seven of presale, Big Eyes has managed to raise over $11 million so far, which is an indication of how great the interest for this meme coin has been.
In a bid to position itself as a key crypto player, the NFT-capable ERC-20 community token boasts of several features that can make it a potentially successful project.
Here are some of the highlights that have been shared with the community as the project approaches public launch:
Total Supply
According to the Big Eyes Coin's (BIG) tokenomics contained in the Big Eyes Coin’s whitepaper, 80% of the total supply of 200 billion tokens will be available at the Big Eyes Coin (BIG) launch.
5% of the total supply will also be allocated to the Big Eyes Coin's (BIG) charity wallet and donated to ocean saving charities.
Utility
Big Eyes is launching with the stated goal of moving forward the crypto market while stepping away from other meme coins, like Shiba Inu and Dogecoin. One way of achieving this is adding practical value to the coin, including DeFi and NFT use cases. BIG token will be used across the entire ecosystem of this project and as a way of preserving the coin’s value, an initial liquidity pool locked in for a period of two years will be created.
DeFi Focus
With decentralized finance being still a relatively unknown topic for most people, the project says that it will aim at educating audiences about the use and potential of the crypto industry, and more specifically DeFi. The project’s team has also stressed that it will focus on advocating for a fair distribution of crypto wealth rather than let it be concentrated in the hands of the richest users.
Community Tokens
Big Eyes is based on tokenomics entirely centered around the community. Unlike other crypto launches, where typically a big chunk of tokens is reserved for early investors and the project’s team, Big Eyes has vowed to release 80% of the coins into open supply, meaning that ordinary investors will get to buy 180 billion BIG at launch. This way, the project is able to lend more confidence and credibility to its tokens and address concerns that it might end up being an “exit scam”.
Taxation and Transaction Fees
In addition, the platform is adopting a “no buy tax, no sell tax” policy, meaning that it will charge zero transaction and processing fees across investor categories. With unnecessary or high tax fees being imposed on users, this could help bring more people into not just Big Eyes but the crypto space at large.
Secondly, Big Eyes (BIG) plans to storm the DeFi space by letting users use the BIG tokens to perform other transactions across DeFi like liquidity provision, staking, and yield farming.
Safety
The Big Eyes Coin (BIG) ecosystem aims to be entirely secure for users and its smart contract has been fully audited by Solidity Finance. Moreover, the ecosystem offers anti-rug features meant to ensure that DeFi users can be assured of the safety of their crypto assets at all times.
NFTs
Once again focusing on enabling greater utility cases and maximizing potential financial benefits, Big Eyes will be launching an exclusive NFT club named the Sushi Crew. To be part of the club, one must purchase a Big Eyes (BIG) NFT, possibly through OpenSea (some details remain unclear).
BIG’s team has previously indicated that they would work toward making the project one of the top 10 best NFT initiatives in the world. And one key to unlocking the full potential of these tokens will be a vast range of rewards for holders, including contests, access passes, exclusive events, BIG merchandise, a merch store and more.
Charity
Another highlight of this meme token is its plan to make sizable donations toward charity, particularly organizations dedicated to protecting marine life from the harmful effects caused by pollution and excessive fishing. This is sure to be an attraction for the crypto enthusiasts that are also mindful of the positive impact the industry can have in supporting good causes.
Final Thoughts
In a market facing frequent crypto crashes, investing in presale coins - and particularly meme coins - can seem quite risky. Looking back, we've seen some projects appear weak during presale only to do really well after launch and experience hyper growth, while other crypto coins with seemingly great potential have ended up flopping.
That said, Big Eyes is a crypto project that aims to set the bar high for its users and the wider blockchain industry. Not only it plans to create a diverse range of value opportunities for BIG holders, but anyone purchasing the token can become a so-called ‘Kitty Cuddler' and contribute to organizations helping support the planet.
If after reading our guide you feel ready to explore the idea of purchasing some BIG Eyes coins, you can do so by visiting the project's public presale website.
Editorial Note:
This text is informative in nature and should not be considered an investment recommendation. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
