The US Securities and Exchange meltdown is in full swing. Government regulators have issued several investigations and lawsuits into high-profile cryptocurrencies, including XRP and BNB.
Looming disaster for tokens has led to massive selling by investors. XRP owners Ripple sold $336 million worth of XRP tokens, and now $3.8 billion of BNB was invested in cultivating SUI tokens – a new emerging cryptocurrency labeled the ‘Ethereum Killer’.
Blockchains like Sui (SUI), MultiversX (EGLD) and Big Eyes Coin (BIG) have become appealing choices for investors looking for safe investments to emerge unscathed from the SEC crackdown – but what separates them from XRP and BNB?
Sui: Basic DeFi
To create a fully decentralized blockchain platform and coin, the community must have complete ownership of the assets. Sui (SUI) is a DeFi Layer 1 blockchain built on this premise.
By using a delegated Proof-of-Stake (PoS) system, scaling SUI is achieved horizontally without high energy requirements that are problematic for global emissions that regulators are cracking down on. Instead, SUI users can benefit from low costs and fast transactions.
Unlike BNB, Sui will support dApps with high efficiency to further expand online decentralization to usher in a DeFi future for Web 3.0 that public regulators cannot control and limit.
MultiversX: Bringing DeFi to the Metaverse
MultiversX is also a DeFi blockchain network set out to pave the way for decentralization for Web 3.0. However, MultiversX expands its vision beyond DeFi by tapping into the virtual reality identity of Web 3.0 that experts term the ‘Metaverse’, where the future of the internet is a virtual representation of reality.
Within MultiversX, there will be a virtual world covering the ecosystem of DeFi, NFT and Web 3 – it will be fully interoperable where all types of DApps, cryptocurrencies and blockchain platforms can operate together. Users can access portals in the world with an avatar to engage with apps, cryptocurrency and users.
MultiversX users can earn and spend money there, redefining the idea of ’The American Dream’ into ‘The Metaverse Dream’ with endless possibilities to exploit in MultiversX.
Big Eyes Coin: A Rich Web 3.0 Ecosystem
Big Eyes Coin has all the features investors are looking for in a DeFi, scalable and Web 3 compatible coin. BIG builds on the premise of “sharing the cuteness” by creating sweet themes for Big Eyes Coin that feel personable with users and represent what people want for the future of transactions that are fun, playful and decentralized.
BIG quickly received social media attention as a meme coin similar to Dogecoin. Nevertheless, Big Eyes Coin has incredible scale since it uses the PoS consensus mechanism to be scalable. It has created a charity wallet that will expand along with the coin’s market capitalization and aims to have 90% of its community own BIG by launch on June 3rd.
The foundation of BIG is strong, but the scope is further expanded by creating a social NFT platform where the community can share, buy and sell their BIG digital assets. The project plans to develop a rich ecosystem in the metaverse by launching a Big Eyes Coin casino with over 4,000 games and 14 games to earn money.
Investor safety and Web 3 compatibility
Investors feel confident in MultiversX and Big Eyes Coin for their community-driven approach, and their ability to be sustainably scaled and future-proofed with new-age technologies and concepts, including Web 3 and Metaverse.
However, Big Eyes Coin goes the extra mile to satisfy both regulators and users. Its personable approach brings fun and lightness to an industry plagued by corruption and fraud.
For more on Big Eyes Coin (BIG):
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