Nexo and Big Eyes Coin go head-to-head with the giants of the crypto market
Cryptocurrency didn’t start out as the behemoth it is today. Instead, it was considered the cyberpunk universe of decentralized finance. However, the idea of digital assets started slowly and exploded to become one of the largest financial markets in the world today. Cryptocurrencies and their digital assets are set to unleash an unprecedented and unexpected change when it comes to the socio-economic relationships that connect our society. The crypto industry is one of the biggest and most complicated industries that so many people can hardly understand.
The industry offers many benefits. The coins in the crypto market offer incredible utility by solving the problems plaguing the crypto market. Aside from fixing the crypto market, these projects are also dedicated to fixing the problems surrounding other industries. With its open arms, the crypto market gives developers the freedom they need to stretch in different directions. The crypto market is home to well over 10,000 coins without any rules or restrictions. Of the many coins available in the market, investors need to consider two coins: Nexo (NEXO) and Big Eyes Coin (BIG).
Nexo (NEXO): Lending made easy
Nexo (NEXO) is a different and interesting crypto asset that is set to make a difference. The crypto asset uses blockchain technology to offer something different to the crypto community. The Nexo (NEXO) platform is one that is interested in providing loans that are easy to get to interested people. The intended crypto users can get instant crypto backed loans on the platform. All they have to do is put up the acceptable tokens as collateral. The platform offers loans in the form of stable coins or fiat currency. The acceptable tokens that can be used as collateral are selected tokens such as Ether (ETH), Bitcoin (BTC) and Ripple (XRP), among others.
The crypto-asset is built by the Ethereum (ETH) network and it offers all the benefits that the Ethereum (ETH) network has to offer. The crypto-asset uses smart contracts and an oracle network to manage loans. The platform uses NEXO, its native token, and the native token is used as a benefit to get discounts on loan rates. The native token can also be used to reclaim dividends on profits and earn interest on deposited funds. The crypto-asset is marked as the first platform to offer crypto-backed loans. This lending feature has enhanced the popularity and use of crypto assets among crypto users. Nexo (NEXO) had a great run in the fourth quarter of 2021. However, the crypto collapse hindered the run in the crypto market. However, with its unique application, there is no doubt that it is only a matter of time before the coin shoots again and registers new heights in the crypto market.
Big Eyes Coin (BIG): The Mighty Crypto Asset
Big Eyes Coin (BIG) may be cute and cuddly, but the crypto asset has more to offer than meets the eye. It may be a newbie to the crypto market, but Big Eyes Coin (BIG) is shaping up to be one of the most valuable crypto assets an investor can get. The coin is built on the Ethereum (ETH) blockchain and takes full advantage of the network. It has already gained a significant following and is now worth well over $31 million, even in the pre-sale stages. The feats and achievements of cryptoassets warn investors that they must not be ignored or overlooked. Apart from the many financial benefits, the coin is also dedicated to saving the environment.
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