NFTs have become essential to many protocols, as most coin projects now have avenues promoting NFT trade on their platform. Here we have a new meme coin Big Eyes (BIG), looking to overthrow the big guns in the NFT trade sector, especially Decentraland (MANA) and PancakeSwap (CAKE). The token will rely on its immense community support and superior NFT plans to overwhelm such prominent projects. Read on to learn more about the project and its current status.
Decentraland (MANA): A Metaverse Stable
Decentraland (MANA) is an important figure in the NFT and Metaverse sectors, where its users extensively employ NFTs in the various blockchain services the platform offers.
Decentraland (MANA) is based on the Ethereum blockchain, which uses the comprehensive applications and tools on the network to provide high-quality services to its users. The token, MANA, is an ERC-20 token that is used to pay for gas fees and stake on the Decentraland (MANA) platform to improve security.
Users start their Decentraland (MANA) journey by acquiring LAND tokens, ERC tokens representing the space allocated to each user. The users then add NFTs to the LAND token and build on it as they would like. The other NFTs can be obtained from Decentraland or other sources.
Decentraland (MANA) features play-to-earn games, exchange platforms, and an active NFT marketplace where users can tokenize their experience on that platform. As stated earlier, MANA powers the platform, and it sells for $0.5117, according to CoinMarketCap.
PancakeSwap (CAKE): Real-Time Trading On The Go
PancakeSwap (CAKE) launched as a crypto exchange platform to enable users on the Binance Smart Chain to swap their tokens in real-time while they trade on the go. The platform also combines its exchange services with other features, like providing NFTs for its community.
PancakeSwap (CAKE) is an automated market maker, which indicates that it sets its trading rates according to inbuilt algorithms that observe the market forces. The platform offers decentralized trading to its users at very low rates, mainly because it is based on the Binance network.
Tokens traded on PancakeSwap (CAKE) are BEP-20 standard, which is the native standard of the Binance Smart Chain. Users get rewards for contributing their BEP-20 tokens to the liquidity pool, which is one of the ways they earn on the PancakeSwap (CAKE) platform.
Besides trading and exchange, PancakeSwap (CAKE) allows users to mint NFTs on the platform after creating a profile. There are also NFTs available for winners of weekly trading games and competitions.
CAKE is the platform’s native token and is used to stake and vote on decisions on the network. It sells for $4.31 on CoinGecko.
Big Eyes (BIG): The New Cat on the Block
Big Eyes (BIG) is the latest coin project to hit the cryptocurrency market, and it already looks likely to take over as the most prominent token in both the meme coin and NFT sectors. Its presale event made almost $10 million within two months, which shows the token’s popularity among crypto users.
The Sushi Crew is Big Eyes’ (BIG) long-awaited NFT marketplace and will soon be available for user access. The club will be offering readymade NFTs for sale to members of the platform upon launch, and it will also provide users with an opportunity to create collections of their own for sale on the platform. Big Eyes (BIG) also announced the platform would be free of charge to every user, as they plan to eliminate the high gas fees the Ethereum network charges.
Big Eyes (BIG) also plans noble engagements such as donations to charities worldwide, especially those involved in ocean life conservation projects. The token is concerned about the fish population and intends to contribute to efforts to preserve marine ecosystems globally. The funds for such donations will come from a Wallet specially created for this purpose. According to the whitepaper, the wallet holds 10% of the token supply, which is specifically for charity.
Big Eyes (BIG) is a well-rounded and versatile project, with particular appeal due to its meme coin status. The developers plan to launch a DEX soon to make it available for decentralized trading.
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