The world of digital currency continues to grow at a rapid rate. Cryptocurrency is digital money that can be used to make transactions or store value. Every type of cryptocurrency has its unique features and functions, which sets it apart from other coins and tokens. Based on crypto news predictions, trending cryptocurrencies such as Big Eyes (BIG), Decentraland (MANA), and Aave DeFi protocol (AAVE) are explored in this article.
Big Eyes Coin transforms the DeFi ecosystem
Big Eyes Coin is a meme coin and decentralised finance (DeFi) Token that aims to make digital assets simpler to trade and exchange. It is a community coin that has pledged to protect the oceans from overfishing and the effects of pollution.
The native cryptocurrency of the platform is BIG Token. Users contribute to the decision-making process by participating in various activities, including long-term contributions such as NFTs, token distribution, and tax-free token trades. Additionally, the platform aims to break into the list of top ten NFT providers to gain access to exclusive NFTs. Token holders can generate passive income by engaging in various activities in the Big Eyes ecosystem.
Its success depends on the actions of its members and beneficiaries, who contribute regularly and in small amounts. Its token exchange services are tax-free and come with attractive purchase schemes. The platform offers token distribution and NFTs for tax-free token exchange.
As per company reports, the company has had one of the most successful pre-sales in the crypto sector. It has raised $2 million in the pre-sale with no signs of slowing down. According to crypto sector analysts, the coin value is estimated to increase exponentially before the conclusion of its second pre-sale. Investors are permitted to purchase Tokens via a trust wallet app or MetaMask wallets. Once the pre-sale ends, they are transferred to the users’ wallets automatically.
Currently, it has been estimated that around $200 billion coins are in circulation, with 70% of coins available for purchase during its pre-sale event. The company plans to leverage 25% of the coins for trading, advertisement, and other operations.
At the same time, 5% is earmarked for charity (oceans and fish community). The 10% of the taxed NFTs are planned to be distributed as follows: 4% towards the original seller, 5% to the buyers, and 1% towards charity.
Decentraland to host a special concert and Q&A session in Metaverse
Decentraland was founded in 2015 and officially launched in 2017 by Ari Meilich and Esteban Ordano. It is hosted by The Ethereum Blockchain Network, a popular play-to-earn P2E adventure game platform in the Metaverse.
It is a decentralised network that prioritises the ownership rights of its users who purchase virtual land and MANA Tokens. The Token holders are vested with the decision-making powers on its platform. The decentralised ecosystem offers multiple utility tokens – MANA and Land.
MANA is an ERC-20 native Token used for purchasing land and used as payment for services on the platform. The land is an ERC-721 Token, and these function as NFTs, which are used for digital land Tokens. Currently, it has a total circulating supply of $1.85 billion with a market cap of $1.968 billion.
As per news reports, Decentraland is all set to host a special metaverse concert along with a Q&A session by rapper Gleb and virtual influencer Bejby Blue at 5 PM UTC.
AAVE to launch reputation-based NFTs in collaboration with Orange Protocol
Aave is a decentralised finance protocol that allows users to lend and borrow crypto. Lenders make money by placing digital assets into properly designed liquidity pools, and borrowers can use their cryptocurrency as collateral to obtain a short-term loan. Aave was one of the largest projects in terms of the total worth of crypto locked in its protocol during the DeFi craze in the summer of 2020. AAVE is the native ERC-20 Token.
It allows people to borrow and lend in about 20 cryptocurrencies and offers flash loans as the first uncollateralised loan option in the DeFi space. Users have the flexibility in choosing either a fixed or a variable interest rate for loan payback. Currently, it has a market cap of $1.277 billion with a circulating supply of $14.01 million. As per news reports, Aave, in collaboration with Orange Protocol, has planned to launch reputation-based NFTs. Additionally, as a part of its AGD Drop campaign, investors are awarded the roles of liquidity provider, active voter, and become community champions.
Website: https://bigeyes.space/
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