Looking to Trade and Earn Crypto Safely? Here’s how Big Eyes Coin, Chainlink, and Uniswap Can Help With That

Looking to Trade and Earn Crypto Safely? Here’s how Big Eyes Coin, Chainlink, and Uniswap Can Help With That

The post Looking to Trade and Earn Crypto Safely? Here’s how Big Eyes Coin, Chainlink, and Uniswap Can Help With That appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

New users in the crypto community are plagued with the problem of choice. Yes, while freedom of choice can be a good thing, too many options tend to confuse users, and confusion can drive people into potentially harmful crypto projects that could incur a loss. However, there are ways to streamline these options to a handful of reputable crypto projects that would prioritize financial growth and security, while offering ease of access and user-friendliness.

Big Eyes Coin (BIG), Chainlink (LINK), and Uniswap (UNI) are three of many reputable projects within the cryptocurrency market that serve to create profit and solve real-world problems.

Big Eyes Coin (BIG)

Big Eyes Coin (BIG) is a community-driven decentralized finance (DeFi) protocol that serves to push and advocate for Blockchain adoption while providing ease of access to Blockchain services globally. It aims to protect the interests and investments of its users by creating a self-driven Blockchain solution that inspires financial growth by harnessing crypto and NFT technology.

About the Big Eyes Campaign

Big Eyes Coin (BIG) has adopted a wide-eyed cat as its mascot, who showcases the fun side of the project. It is a project that establishes a good relationship with its consumer base and gives them the ultimate power to effect changes and drive its direction. 

The Big Eyes project is also fully committed to environmental protection and responsibility through its charity wallet that donates towards saving the oceans and protecting marine life that has been made fragile due to human activity. This campaign could do a lot to prevent fragile ecosystems from dying out and preserve a great food source for the coming generations.

Big Eyes Swap and Big Eyes NFT

Due to the recent buzz in DeFi and NFT spaces, Big Eyes intends to establish Big Eyes swap, a DEX platform to facilitate and ease crypto trading and exchange with no hassles, no fees, and no tax. The Big Eyes Swap would feature liquidity pools with useful trading pairs and options to choose many passive streams of wealth creation within the ecosystem. 

Big Eyes NFT is also in the works as a collection of interactive, beautiful, and potentially valuable NFT animals that could provide wealth to users of the Big Eyes ecosystem. 

Tokenomics

The Big Eyes Coin (BIG) is the native token of the ecosystem. It is capped at 200 billion coins. It serves to provide utility and community governance throughout the ecosystem. This would be done by creating avenues for:

  • Staking: This involves users locking up BIG coins to earn governance privileges and voting rights to deliberate on decisions to be added to the project.
  • Liquidity provision: It is known within the crypto community that a project’s value is only as strong as its liquidity pool. Big Eyes Coin (BIG) is committed to incentivizing contributors to its liquidity pool by distributing interest to them and paying them in BIG coins. 
  • Trading: Trading, holding, leveraging, futures, and other trading activities can easily be carried out within the Big Eyes Swap. 

The BIG Token Distribution

According to its whitepaper, the token distribution for the BIG token is as follows:

  • 90% available on launch (70% for public presale and 20% for exchange)
  • 5% for marketing
  • 5% for charity

Roadmap of Activities 

The roadmap of the Big Eyes project is split into 4 interesting phases packed with innovative goals and activities:

Phase I: Crouch phase

  • Token launch and audit
  • Presale web launch
  • Presale event
  • Media campaign

Phase II: Leap phase

  • Uniswap listing
  • Website launch
  • Charity event
  • Influencer campaign
  • NFT sneak peek
  • Big Eyes Swap launch
  • Cross-chain bridge
  • Merch sale and distribution

Phase III: Run phase

  • NFT collection launch
  • Whitelist mint
  • 2nd charity event
  • 2nf influencer campaign

Phase IV: Catwalk phase

  • Community event
  • 3rd Charity event
  • Bridge more chains
  • NFT evolution

More details on the Big Eyes Coin (BIG) and its activities are listed on the website and Whitepaper.

Chainlink (LINK)

Chainlink (LINK) is a decentralized network where data providers (oracles) are incentivized by money to provide truthful, accurate, and reliable data to a Blockchain from off-chain sources. 

Oracles are software that acts as an intermediary between smart contracts and the real world.

Chainlink (LINK) is essentially a decentralized network of oracles that provide useful data from off-chain sources to on-chain depositories and vice versa, allowing smart contracts to access real-world information that is sourced outside 5he Blockchain. Chainlink (LINK) was launched in June 2017 by smartcontract.com, a company founded by Sergei Nazarov and Steve Ellis. 

How does Chainlink (LINK) work?

Chainlink (LINK) is an Ethereum-based protocol that is used to provide reliable data to the Blockchain. It utilizes the proof-of-stake consensus algorithm. Users of Chainlink (LINK) first have to create a requesting contract which the Blockchain registers as an event. These requesting contracts are sent to node operators who are trusted sources of information. 

These sources are trusted because Node operators lock away some of their digital assets to gain the right to validate and supply accurate information. If they fail to provide accurate information, their staked assets are confiscated. They take these risks because they earn staking rewards. 

These node operators then proceed to pass the requesting contract into 3 more smart contracts:

  1. Reputation contract: this smart contract verifies the reliability and credibility of oracles by going through their activity history to find the most trusted sources.
  1. Order-making contract: this smart contract sends requests to trusted nodes and sorts their bids to select the nodes needed to process the request.
  1. Aggregating contract: this smart contract runs data validation from single and multiple sources to ensure the reliability of data. When conflicting data is provided, the aggregating contract uses a simple democratic system to choose the data set provided by more oracles and calculates a mean of this data set.

Chainlink (LINK) generally serves to provide accurate and reliable data for smart contract execution.

The Chainlink (LINK) Tokenomics

The native token of the Chainlink (LINK) ecosystem is the LINK token. It is capped at a 1 billion max supply, with a semi-deflationary distribution system. 

The LINK token is used to fund projects within the ecosystem, as well as incentivize oracles and node operators. It is also used to pay gas fees and interact with the Chainlink (LINK) ecosystem. The current circulating supply of LINK is just over 464 million tokens. 

Uniswap (UNI)

There is no way to talk about decentralized exchange platforms without Uniswap (UNI) being part of the conversation. Uniswap (UNI) is a pioneer decentralized cryptocurrency exchange that uses a fully decentralized network protocol for its operations. The DeFi protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum Blockchain with the aid of smart contracts. 

The Uniswap exchange was founded by Hayden Adams in 2018 on the Ethereum Blockchain and is the leading DEX platform for the secure exchange of Ethereum-based tokens. It also bridges tokens from other blockchains that can be swapped on the platform. The platform offers ease of access and transaction speed and efficiency to users through DeFi features like peer-to-peer trading (P2P), liquidity pools, staking, borrowing, and lending protocols. 

Tokenomics

The native token of the Uniswap exchange is the Uniswap token (UNI). This token is an ERC-20 token primarily used for governance purposes as it confers governance privileges and responsibilities to the Uniswap decentralized community. Initially, it was airdropped to Uniswap users who had used Uniswap to carry out other transactions.

This airdrop campaign was for free and users sold their Uniswap token shortly after, while some others retained possession to earn governance privileges. The tokens can be staked within the Uniswap exchange platform to earn voting rights and make improvement decisions for the Uniswap protocol. 

Uniswap’s Advantage Over Many Decentralized Exchange (DEX) platforms

Uniswap (UNI) being built on Ethereum leverages and utilizes the security of Ethereum’s Blockchain. It also utilizes the scalability of Ethereum to provide cutting-edge DeFi services and facilitate safe and efficient transaction processes for its users. 

Gas fees can be paid with UNI tokens with the guarantee of a discount. This makes the Uniswap exchange cost-effective and user-friendly. 

Highly beneficial wealth creation programs within the Uniswap platform such as liquidity provision for liquidity pools, Staking, trading, lending, and borrowing protocols make Uniswap a superb option for users looking for a great DEX platform. 

It has the advantage of bridging multiple chains and providing scalability suctions to make non-ETH-based coins more accessible to users. 

It drives decentralization by eliminating centralized financial authority, and it rivals PancakeSwap as one of the major DEX platforms in the cryptocurrency industry. 

Users who are looking for a safe project to buy into – look no further as Big Eyes Coin (BIG), Uniswap, and Chainlink (LINK) have established themselves as real solution-based projects within the crypto industry. This eliminates the confusion that comes with multiple cryptocurrency projects by streamlining the choice to one or all of these three great projects which have done a lot to improve Blockchain adoption and push innovative DeFi solutions within the crypto industry.

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company

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