Community Coins Lead Crypto Adoption: Big Eyes Coin Aims to Raise $50M Joining Dogecoin and Uniswap

The intricate crypto landscape is just beginning to develop. The community, which serves as the cornerstone of the cryptocurrency industry, is considered essential to a new crypto project’s success. The adoption and growth of cryptocurrencies worldwide is primarily attributed to the knowledge shared by crypto enthusiasts.

Crypto community members share the commitment to cooperation to achieve greater expansion and change due to the decentralization of blockchain technology.

Members of the crypto community perform various tasks according to their skills and experience. The vitality of the cryptocurrency depends on several factors, including contributions to open source code, development of applications based on the underlying technology, assistance with fundraising and more.

The strength of a group’s network effect is determined by the total number of members, their connections, and the caliber of their collaboration. Decentralization ensures that no single person has total control over a cryptocurrency project. Instead, a large number of people are responsible and work to promote the initiative.

There are many different ways that cryptocurrencies involve the members of the community, from a full DAO (Decentralized Autonomous Organization) governance to impressive social media campaigns. Despite the differences between the functions that a Uniswap (UNI) DAO performs to a Dogecoin (DOGE) community engagement, both have a specific purpose that helps these projects flourish and grow. How will crypto newcomer Big Eyes Coin (BIG) define the value of its community?

What are the key purposes of a DAO?

Decentralized autonomous organizations (DAOs) are coordinated by the participants and are not governed by a centralized authority. They are defined by rules embedded in a transparent computer program. DAO rules are approved by community vote. The decision-making process in the organization is democratized by giving each member of society a voice.

The crypto industry benefits from DAOs in a number of important ways. Because the DAO is decentralized and transparent, users have full control over the maintenance of the protocol. Smart contracts are used to automate DAOs and decisions are made automatically without additional fees to third parties.

Accessibility and community involvement are further crucial advantages that help the initiatives and the local communities. Cryptocurrencies directly benefit from enabling individuals from around the world to collaborate, thereby promoting diversity and development.

Community members benefit from the rare opportunities to influence and shape the direction of the cryptocurrency industry. In exchange for their participation, contributors may receive various financial benefits.

Uniswap (UNI) DAO is considering the Uniswap Foundation

The largest DAO in the cryptocurrency industry was launched on the most famous decentralized exchange in the world. In September 2020, Uniswap (UNI) introduced its governance token, cementing its position as a notable DAO. The community-controlled DeFi (Decentralised Finance) tool for Uniswap users is the core functionality of Uniswap, the finest DAO project. For example, volume increased exponentially after Uniswap voted to lower trading fees in some stablecoin swaps.

For one of Web3’s best-known exchanges, a new governing body has been proposed. The Uniswap DAO is discussing the idea of ​​establishing a separate Uniswap Foundation to work with Uniswap Labs to expand the protocol. A proposal to establish an independent Uniswap Foundation was made in the Uniswap governance forum. The foundation will have several goals, including advancing the decentralized exchange protocol and supporting the protocol’s expansion and governance process.

To run a Uniswap Grants program, the foundation decided to ask for $60 million in the proposal. The program will provide funds for initiatives aimed at promoting community development, protocol development, research and design, decentralized decision-making and preservation of governance. The team will also be paid for three years with an additional $14 million in discretionary funds, according to the request. The foundation would come back to the DAO with a new request for additional funding after eighteen months.

Dogecoin (DOGE) proves how important the community support is

The father of meme coins probably wouldn’t do so well in the crypto market if not for the community showing a strong belief in the successful future of Dogecoin (DOGE) despite the lack of real applications and utility. Since its creation in 2013, the Dogecoin community has expanded significantly. There are currently a large number of stakeholders who want to see the coin succeed in the cryptocurrency market. Many individuals who use social media such as Reddit, TikTok and Twitter belong to the Dogecoin community.

The value of the coin has been raised with the help of social media platforms. On TikTok, there has been an initiative to get more people to use Dogecoin for trading. In addition, a Reddit user group known for its influence on the value of Gamestop’s stock in 2021 has fueled the use of Dogecoin. Simple actions affecting social media such as Tweets have caused a sudden increase in the coin’s value. One of these events took place when a Twitter user going by the handle “WSB Chairman” suggested that Dogecoin’s value could rise above $1. The coin’s value increased to $0.07 as a result of this remark.

Community-Meme Big Eyes Coin (BIG) to revolutionize the industry

Big Eyes (BIG) enters the market with a specific goal in mind and seeks to become a widely used community meme token, improving the world. The Big Eyes project is a new effort to protect the oceans while benefiting the cryptocurrency community and decentralized finance (DeFi) in general. The donations and sales proceeds from the items will be sent to marine sanctuaries through a special donation wallet that will be part of the project.

This appealing charitable idea is based on the Big Eyes mascot, an adorably cute cat who claims that aquatic life must be protected in order for it to have a sufficient amount of fish to consume. The welcoming feline mascot was created as a reaction to the excessive number of dog-themed meme coins, and Big Eyes is prepared to use the collective strength of the community to surpass industry heavyweights, including the meme coin’s father, Dogecoin. The Big Eyes team understands that a strong and vibrant community needs purpose to support, and the mascot suggests that the cause of ocean conservation is the most important.

Big Eyes recognizes that every cryptocurrency has its heart and soul in the community. Accordingly, the venture promises to always prioritize the demands of the community and reward their dedication to the project, even as Big Eyes Coin becomes famous and prosperous.

The Big Eyes community also relies heavily on NFTs, aiming to rank among some of the top ten NFT initiatives in the cryptocurrency industry. For the NFT holders on the platform, Big Eyes is creating an exclusive NFT Sushi Crew club where they can benefit from exceptional rewards and buy the best NFTs available.

Although Big Eyes Coin is still in its infancy, it has a good chance to compete with the biggest players in the crypto world. With a clear roadmap in place, Big Eyes is poised for an exciting future as it strives to dominate the market while serving the needs of its community.

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