Crypto tokens for those new to Defi
Decentralized finance (DeFi) is taking over the financial market and displacing traditional finance in various circles. If you are new to DeFi, chances are you are looking for the best tokens to start your journey in the sector. Before we introduce the more successful crypto tokens in DeFi, the upcoming Big Eyes (BIG) token is a priority for DeFi enthusiasts.
With many DeFi tokens already available in the cryptocurrency market, Avalanche (AVAX) and Aave (AAVE) are two of the best options today.
In this article, we will discuss these tokens, helping less experienced DeFi enthusiasts with everything there is to know about them and why they are among the cryptocurrency-related investments of today.
Avalanche (AVAX) – Least energy demanding crypto tokens
Many crypto experts are calling Avalanche (AVAX) the cryptocurrency to buy now. Their stance is not surprising as it is one of the most promising cryptocurrencies in the cryptocurrency market. According to CoinMarketCap, Avalanche (AVAX) is currently ranked 14th on the list of the largest cryptocurrencies by market capitalization.
Avalanche (AVAX) is the native token for Avalanche, a layer one blockchain for decentralized applications (dApps) and custom blockchain networks. Avalanche aims to displace Ethereum as the most popular blockchain for smart contracts by generating up to 6,500 transactions per second without compromising on scalability.
Avalanche’s (AVAX) blockchain has a unique architecture that makes it highly scalable. The blockchain is a combination of three sub-chains: the X-chain (the exchange chain), the P-chain (the platform chain) and the C-chain (the contract chain).
The X chain helps facilitate the sending and receiving of funds and the payment of transaction fees, while the P chain handles staking and validation activities within the ecosystem. It enables validators to receive Avalanche (AVAX) tokens as a reward for helping to secure the network.
On the other hand, the C chain helps with the execution of smart contracts and enables the creation of DeFi dApps on the network.
As an open source cryptocurrency, Avalanche (AVAX) uses a proof-of-stake (PoS) mechanism, which allows thousands of validators to participate in ecosystem governance. Its PoS mechanism makes Avalanche (AVAX) one of the least energy demanding crypto tokens, thanks to its minimal energy consumption.
With DeFi transactions increasing daily, Avalanche (AVAX) achieves the transactions in a record time of one second while maintaining decentralization and security. With its growing reputation, the project launched Avalanche Rush, an incentive program to draw liquidity into the network.
Participating in project management and reinvesting Avalanche (AVAX) in various available projects are some of the best ways to profit from Avalanche (AVAX) increasing value in the cryptocurrency market. Another is to participate in betting for a chance to make money.
Aave (AAVE) – A popular Defi token in 2022
Aave (AAVE) has been growing in popularity since its launch in 2017. At the time of writing, it is quite a 43rd place on CoinMarketCap’s list of the largest cryptos by market capitalization.
Aave (AAVE) is a DeFi token for Aave, a decentralized protocol that allows people to lend and borrow crypto. The protocol is one of the largest lenders of cryptocurrency. Users can borrow and lend over twenty cryptocurrencies, meaning they have more choices.
The platform allows lenders to earn interest by depositing digital assets into specially created liquidity pools. At the same time, borrowers can use their crypto as collateral to take out flash loans.
Aave (AAVE) provides holders with discounted fees and gives them a say in the future development of the protocol. It also provides users who intend to borrow with fixed and variable interest rates. While fixed interest rates provide some cost security when the cryptocurrency market is unstable, variable interest rates can be beneficial if the borrower expects a price drop.
With the evolution of DeFi protocols, Aave (AAVE) continues to revolutionize its DeFi ecosystem. In July 2022, the community of users approved a proposal to launch the stablecoin, GHO, to increase user participation within the DeFi protocol.
According to the proposal, the introduction of GHO will make stablecoin loans on the Aave protocol more competitive. It will also generate more revenue for its DAO.
This approach will allow users and borrowers to mint GHO against their delivered collateral while earning interest on the underlying transactions.
Big Eyes (BIG) – A community based meme token
Big Eyes (BIG) has the potential to be the best cryptocurrency to invest in 2022. The community-based meme token seeks to transfer wealth to the DeFi sector by integrating NFTs into the ecosystem using a self-propagating blockchain system.
Big Eyes (BIG) takes after the cute cat with big eyes adopted by rocket scientists at NASA. It seeks to deliver the fun associated with meme tokens via its very playful and almost childlike fairy tale aesthetic system.
Big Eye (BIG) builds with a long-term focus, with plans to ensure stability and value in the years to come. The eco-friendly crypto token promises to contribute to the conservation of marine life through charitable contributions to organizations dedicated to the cause. To achieve this, 5% of Big Eye’s (BIG) total supply will go to a charity wallet in the ecosystem.
Additional information on tokenomics reveals that Big Eye’s (BIG) total supply is 200 billion tokens with an ongoing public presale of 140 billion (70% of total supply). 20% of the total supply will go to exchanges, while the remaining 5% will go to token marketing.
Big Eyes (BIG) promises to be revolutionary and has a user-first ecosystem with openness to updates for the benefit of the community. Big Eyes (BIG) will integrate many elements into its ecosystem. Each element will generate wealth and popularity for the crypto project.
With Big Eyes (BIG), users can create, buy, sell, trade and hold NFTs, which will be essential in the ecosystem. What this means is that users will be able to benefit from the popularity and profitability of NFTs.
Big Eyes (BIG) will host various NFT events to increase profitability, including NFT contests, reward systems and more. NFT holders in the ecosystem will be eligible to belong to the Sushi Crew and participate in the events. There will be a store where NFT holders can buy fun stuff that they can later sell to make more profit.
Therefore, Big Eyes (BIG) is counting on NFTs to increase traction and entice users from various NFT platforms when they launch on the cryptocurrency market.
Big Eyes (BIG) has a clear and active tax system that will allow changes that include fees for auto-burn features, marketing wallet and liquid protocol acquisition.
>> Find out more about the Big Eyes Project and pre-sale here <
Token Launch and How to Buy Big Eyes (BIG)
At the time of writing, there is no information available on Big Eyes’ (BIG) release date. However, it will be launched first on Uniswap and later on several exchanges before long.
By purchasing Big Eyes (BIG) during the pre-sale, early buyers can join the earliest community of users who will benefit the most from the ecosystem. Buying is easy and follows three simple steps.
In step 1, Crypto enthusiasts interested in buying must install a MetaMask wallet in their browsers or use one of the wallets supported by Wallet Connect, such as Trust Wallet.
In step 2, potential buyers must connect to their preferred wallet using the available “Connect Wallet” option. They can then buy using their credit cards to buy Ethereum (ETH), with which they can buy Big Eyes (BIG). They can also use USDT or Ethereum (ETH) already in their wallet to buy.
In step 3, buyers can claim their Big Eyes (BIG) tokens at the end of the presale by clicking a pink “claim” button on the website.
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
The bottom line
If you are new to DeFi and want to make the most of the sector, consider buying Avalanche (AVAX) and Aave (AAVE) today. As shown earlier, both tokens are among the best cryptocurrency-related investments.
Both tokens open up many user possibilities, including lending and borrowing cryptocurrencies and earning interest, rewards and incentives for participating in their ecosystems.
On the other hand, the upcoming Big Eyes (BIG) token has many features and possibilities to make everyone prioritize it as the cryptocurrency to buy now.
Big Eyes (BIG) has eco-friendly properties and promises a profitable financial roadmap that will attract crypto enthusiasts to buy. If it stays true to its promise, it could become the best cryptocurrency to invest in 2022.
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