Big eyes to compete against Solana for NFT trading volume

SPONSORED POST*

NFTs have become an integral part of the crypto and web3 industries; they contribute significantly to coin values ​​on the platforms that integrate them. And since becoming popular in the cryptocurrency market, NFTs have become a constant feature on many token platforms. New coins are adding NFT marketplaces to their networks, while the existing networks include NFT trading in their protocols. Here we review how the new memecoin Big eyes (BIG) plans to compete with Solana (SOL) and PancakeSwap (CAKE) for NFT trading volume in the cryptocurrency market.

Check out this Youtube video on Big Eyes! Link attached in the image.

Solana (SOL)

Solana (SOL) was released in 2018, following a white paper announcement in 2017. The token was designed to upgrade the quality of blockchain services users received.

Solana (SOL) has a complex protocol consisting of proof of stake and history protocols, which contribute to the network’s fast transaction processing. The hybrid protocol requires fewer validators online and thus less energy to log the transactions on the blockchain. Consequently, the gas fees are also significantly lower than for modern blockchains.

When NFTs became popular in 2021, Solana (SOL) incorporated NFT trading into its protocol, allowing users to create and create NFTs for sale on the network. Since its launch, Solana’s NFT marketplace has been one of the most popular marketplaces, attracting a significant portion of NFT trading volume.

The original token, SOL, is used to fuel the platform as it is used as a payment option for gas and coin fees on the NFT platform. It is also used to stake the platform, securing it against fraudulent attacks.

The token is available for $35.32 on CoinGecko.

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a platform for crypto traders to exchange tokens. It is one of the most popular decentralized exchanges and it is based on the Binance Smart Chain.

PancakeSwap (CAKE) is classified as an Automatic Market Maker, which means its features support decentralized trading and token exchange. The platform gives its users a chance to contribute to the liquidity pool by purchasing BEP-20 tokens and earn from the fees earned by exchanging.

The PancakeSwap (CAKE) platform requires low transaction fees since it is based on Binance. This feature makes it more attractive to most users, as they find Ethereum-based exchanges too expensive to trade on. PancakeSwap also doesn’t need an app to work; users can exchange their tokens easily by owning a BEP-20 enabled wallet to access the liquidity pools.

Aside from swapping and trading, PancakeSwap (CAKE) allows users to spend NFTs on the platform using their PancakeSwap (CAKE) profiles. The minted tokens can be exchanged on the network with other users. The platform also rewards users for contributing to the trading of games and competitions with NFTs.

CAKE operates the PancakeSwap platform, which is available on CoinMarketCap for around $5.04.

Big eyes (BIG)

Big Eyes (BIG) is a new memecoin that is preparing to battle with top tokens like Solana and PancakeSwap in the NFT trading sector. The pre-sale has been going on for two months and has generated over $9.5 million in revenue, showing its popularity in the cryptocurrency market.

Big Eyes (BIG) plans further NFTs is embedded in its NFT club, Sushi Crew. The club is a full-fledged marketplace, enabling a wide range of operations on the platform, from coining to listing and exchange of NFT assets. The developers are working to get the club up and running before the token launches and have also announced that the club will be free for all members of the Big Eyes community. Apart from users’ NFTs, Big Eyes developers have a store of NFTs to be sold at discounted prices to the first members who join the NFT Marketplace.

The Big Eyes (BIG) whitepaper also includes charity work, as its developers are interested in preserving marine life around the world. As a result, they will issue periodic donations to charities that actively work to conserve marine species. A unique wallet contains approximately 10% of the token supply, which will be used to fund such projects.

Now is the best time to get your BIG tokens, as the pre-sale wraps up in a few weeks. Follow this one link to access the Presale interface and stay updated with news from the Big Eyes (BIG) Development team.

*This article is paid. Cryptonomist did not write the article nor has it tested the platform.