Ethereum and Big Eyes Coin are two crypto projects you should not ignore in 2023
Some tokens cannot be ignored, not because of their use cases, but because of the novelty that comes with them. Two types of tokens that are usually profitable are memecoins and reputable projects. Memecoins are usually ignored due to the uncertainty surrounding them and the risk of a blanket pull. But over time they have surprised many who ignored them.
Let’s look at why you should consider investing in Ethereum and Big Eyes Coin.
Ethereum (ETH)
Ethereum has been in the news since September. Emotions and speculations flying around can be attributed to the recent merger with the Beacon consensus network. This merger has long been expected and is a step towards Ethereum’s scalability.
Scalability has been a long-standing issue for Ethereum. Many have suffered from high transaction fees on a slow network, which is due to network congestion. In the midst of the April boom, an average transaction on the Ethereum network was as high as $350. More reason why the community was excited about the merger. But will the merger solve the problem of scalability? No.
It is only one step among the five stages of making Ethereum scalable. So it’s not going to make Ethereum cheaper or faster. However, the merger brought good news for token holders. One such good news is the Ether issuance rate. As the network has moved from proof of work to proof of work, there will be no need for miners. Stakers will be responsible for validating transactions and Ethereum will compensate them with Ether. However, Ethereum will reward stakers with fewer tokens. In fact, it has reduced the issuance of tokens by approximately 90%.
Ethereum will also burn transaction fees. About 1600 ETH will be burned daily. This will significantly reduce the ether supply in circulation. If 1600 ETH are burned every day and 1600 ETH are issued every day, the net inflation rate is zero. And we know that burning Ether can probably affect the price movement. So holding ETH can be considered profitable.
Big Eyes Coin (BIG)
The community has become a large part of the web3 ecosystem. Community tokens even make it easier for people to enter the crypto space. It allows people to access exclusive events, learn new things and participate in the crypto space. One such community token is Big Eyes Coin.
Big Eyes Coin is a newly launched community token that merges community, memes and NFTs. It is also safe to call Big Eyes Coin a meme coin. The project’s core purpose is to bring cat lovers into the crypto space. It also seeks ways to make DeFi better and the world at large. More reason, it will contribute immensely to charity projects.
It will create opportunities for its community. First, it will adopt tokenomics that focuses on society. It will exclude tax charges from tokenomics. The team understands that tax levies do not favor community members. Instead, it favors the team. In any case, it chose this policy to be true to the Community objective. Indirectly, the project token will be powered by the community. The fate of the token rests solely with token holders. From Big Eyes Coin tokenomics, 70% of the total token supply will be distributed on the public presales, and 20% will be made available on decentralized and centralized exchanges.
Another way Big Eyes Coin fosters community relations is through events, content and branded swag. The team will organize various events to draw hype to the community. It will post educational content to onboard new crypto enthusiasts. An NFT collection will be available, and a swag shop selling digital stickers and merch. There will also be regular contests, like the $250k contest, for community members to earn money.
In addition, Big Eyes Coin will donate massively to charities. It will also create meme machines to make the community fun.
Website: https://bigeyes.space/
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