El Salvador Pioneering Cryptocurrency Use of Bitcoin to Revive Economy – Big Eyes Coin Boosts Pre-Sale with BULLRUN250 Bonus Code

El Salvador’s President Nayib Bukele’s decision in 2021 to make Bitcoin (BTC) legal tender in the country was met with criticism and concerns about the possible risks associated with such adoption. The decision led to widespread demonstrations and political decision-makers worldwide warned of risks to the country’s economy.

But what was once thought by critics to be a decision that would lead to the country’s eventual downfall has actually led to a massive boom for the Central American country.

Many now believe that President Bukele’s decision may have been wise as the country’s finance minister, Alejandro Zelaya, reported that the government has managed to repay one of two $800 million bonds previously outstanding, which may ease any concerns about the country. potentially default on their debts.

However, El Salvador’s financial problems are far from over as the country’s government still owes $367 million plus interest on an additional bond due in January 2025, but on the upside, successful repayment of the 2023 bond is seen as a positive sign for the country’s financial stability .

Bitcoin – The Dawn of the New Era of Fiat Currency

El Salvador’s decision to make Bitcoin legal tender meant that all businesses operating in the small Central American country were required to accept the digital asset as a legitimate method of payment for their goods and services, effectively elevating it to the same status as its national currency .

Despite the mixed reactions from international organizations and governments, El Salvador is moving forward with its decision and has now approved a digital securities law allowing the country to issue the world’s first sovereign blockchain bond.

Chivo Wallet, the wallet created by the government of El Salvador, had successfully acquired 2.2 million Salvadorans within a month of Bitcoin being recognized as legal tender in the country. The wallet was created to promote the use of cryptocurrency in the region, and as an incentive for downloading the app, each user received $30 worth of Bitcoin. By early 2022, approximately 50% of Salvadorans had already downloaded the app, indicating a high level of cryptocurrency acceptance.

In another recent development surrounding the adoption of Bitcoin in El Salvador, Max Keiser and Stacy Herbert, two New Yorkers who created a popular financial news show on Russian state television and profited from the cryptocurrency boom, are now advising the Salvadoran government on their Bitcoin adoption efforts and investment in Bitcoin ventures in the region.

The duo are also the founders of a crypto exchange that helps manage El Salvador’s sovereign debt sale, which is tied to Bitcoin. The so-called Volcano Token bond will be backed by revenue generated from Bitcoin mined using geothermal energy from a volcano.

Big Eyes Coin – The new meme token with promising and massive returns

Big Eyes Coin (BIG) is an ERC-20 meme token powered by the Ethereum network that since its launch has caught the attention of many cat-happy crypto traders in the industry.

The project, which is in the final stages of its pre-sale, relies on the Proof-of-Stake (PoS) consensus process with the intention of reducing blockchain energy requirements by eliminating cryptomining, which is a major contributor to climate change.

Big Eyes Coin is an ardent supporter of protecting the environment and has whole-heartedly pledged to do so by holding 5% of its total token supply to be donated to ocean conservation charities.

The meme token is currently in stage 12 of the presale and has so far raised $32.7 million in presale tokens and will launch at the end of stage 15 raising $50 million in presale tokens. During this stage, users have a limited time bonus code, ‘BULLRUN250’. Buyers simply need to use the ‘BULLRUN250’ bonus code for a massive 250% bonus on top of a BIG token or Loot Box purchase.

Loot Boxes is Big Eyes Coin’s ongoing game feature which consists of Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box and Excali-Paw Master Chest. Buyers must spin a loot box of their choice for a maximum prize of $500, $5,000, $25,000, $100,000 and $1,000,000 worth of STORE tokens.

The adoption of Bitcoin as legal tender by El Salvador may pique the interest of tech-savvy investors seeking new opportunities in the cryptocurrency market. Compared to the uncertainty in the US market regarding banking and a decline in stocks, El Salvador’s foray into Bitcoin appears to be yielding positive results. Despite criticism, the government has been acquiring Bitcoin at a discounted price since November 2022.

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