DeFi Onboarding- Meet the Best DeFi Altcoins- Big Eyes, Loopring, and Avalanche

DeFi Onboarding- Meet the Best DeFi Altcoins- Big Eyes, Loopring, and Avalanche

As the name implies, DeFi stands for decentralized finance, a phenomenon that has brought decentralization into the traditional finance sector, complementing what it used to be. Decentralized finance platforms take the same task as traditional

financial services- buying, borrowing, selling- removing the third party. 

DeFi is an emerging finance system based on blockchain technology that allows peer-to-peer financial activities using smart contracts instead of unreliable bottle-necked intermediaries. 

Many cryptocurrencies are incorporating DeFi as the general direction their ecosystem intends to take, with Big Eyes (BIG) being a good example. The token will give users the perfect onboarding experience from other areas to the decentralized finance space.

Benefits Of Big Eyes (BIG) Through Decentralized Finance 

Big Eyes (BIG) is a decentralized platform with a firm mission of building a bridge that shifts wealth into the DeFi space. The new approach to crypto and blockchain tech- DeFi- has grown to over a hundred percent since it first began to gain traction in 2019. 

While the value of locked assets in 2019 was less than $1 billion, the DeFi sector two years later was worth over $100 billion, with over a million decentralized finance users.

While decentralized finance originated from the Ethereum (ETH) blockchain, and the network has remained the best operating base for entrepreneurs, we have other networks making their platforms easier with lower fees and less congestion.  

As a DeFi platform, Big Eyes (BIG) is permissionless and inclusive. Users can trade, buy and move their assets as they wish, as long as they have a crypto wallet and internet connection. They don’t need to seek permission from a financial body or pay exorbitant middleman fees to some bank. 

Even better, on Big Eyes (BIG), they don’t need to pay a dime. Transactional operations- buying and swapping- on the network are done without taking money from users. This isn’t done to offset slow transaction speed, as congestion isn’t an issue either. 

Proof of Security With Big Eyes (BIG) 

Decentralized finance is popular because of cryptographic proof and smart contracts for security. This is due to the immutability and tamper-proof nature of blockchain architecture. 

Despite having all these trump cards, Big Eyes (BIG) network has partnered with leading audit companies- Coin sniper and Solidity Finance. The results show the stability of smart contracts and the lack of vulnerability in the network’s security. 

Taken from the audit report from Solidity- “As the contract is implemented with Solidity v0.8.x, it is safe from any possible overflows/underflows.”

Coin sniper has also given Big Eyes (BIG) the KYC go-on, proving the project is secure and doesn’t fall under the rug-pull façade many projects are today. 

Big Eyes (BIG) isn’t just a decentralized finance token; it is a token for an ecosystem designed to benefit users to the maximum. 

Pay for Big Eyes (BIG) Before Presale Ends 

Any knowledgeable crypto user understands that once you’ve found a project you intend to invest in, you do not want to miss the presale. Visit the official website and get yourself BIG tokens.  

Although, you’ll need to pick a purchase method, either Ether (ETH) or USDT. You’ll also need compatible wallets, and MetaMask is a good option. 

PS: You should have at least $15 worth of ETH or USDT before converting to Big Eyes, so you don’t have to go back and get some more. 

Tokens will be shared after presale, and countdown till it ends ticking fast. There is no amount of BIG tokens too much to buy, but you can only get a minimum of a thousand BIGs. 

Loopring (LRC), The ETH Tool For Decentralized Exchanges and Payments 

Loopring (LRC) is a second-layer protocol attached to Ethereum (ETH) blockchain. It is one of the oldest DeFi projects, having launched in 2017. The protocol is open-sourced, allowing anyone to create responsive, non-custodial DEXs. 

The decentralized exchanges built on the Loopring protocol (LRC) leverage zero-knowledge proofs (ZKPs) for enhanced privacy in transactions and cryptocurrency. Loopring (LRC) emphasizes scalability in the Ethereum (ETH) network by providing a better means of processing transactions that bypasses the usual congestion and uses a high cut-off from the blockchain’s exorbitant fees. 

In lieu of its decentralized finance status, Loopring (LRC) is one of the few chains using multiple currencies on its platform, including LRC. It also allows exchanges to be built on it- a different way to overcome the slow speed associated with decentralized exchanges on the Ethereum (ETH) blockchain. 

Loopring (LRC) has become an alternative for traders who want to escape the harsh nature of the ETH blockchain operational conditions. The main idea of the protocol is to combine the benefits of DEX and CEX for users to enjoy the unique upsides and eliminate inefficiencies. 

How Does Loopring (LRC) Have Value?

LRC- the operational cryptocurrency on the protocol engineers the execution of activities. Individuals interested in creating a non-custodial DEX need to lock up at least 250,000 LRC “to run an exchange that uses its on-chain data proofs.”

To run the exchange without the proofs will require a more significant lock-up value of 1 million LRC. There is a capper supply of 1.375 billion LRC tokens. 

70% of trading fees are used to reward users who stake their LRC, 20% is allocated to the DAO, and the rest are burned. This is to ensure that the price decreases over time in a certain way that will pour pressure and drive up the cryptocurrency price. 

Avalanche (AVAX) As The Blazing Fast Platform for Decentralized Finance

Avalanche (AVAX) is an open-sourced smart contracts platform for decentralized applications. It is also one of the best-decentralized finance networks out there, allowing users to trade and create financial instruments.  

Avalanche (AVAX) quickly became one of the friendliest and most visited blockchain platforms for decentralized finance and NFTs. It happened after it’s launched in 2020 because of the network’s mpressive transaction speed and low fees. 

It also differentiated itself by using three chains for its primary network. The three chains handle different areas of management, smart contracts, and staking. 

The creation of subnets, with each subnet having an infinite amount of blockchains, put the Avalanche (AVAX) ecosystem at the forefront for networks with much-needed scalability solutions. 

Avalanche (AVAX) currently hosts hundreds of protocols and, combined with its strategic ecosystem growth program, is one of the fastest-growing DeFi protocols in the crypto industry. 

Conclusion 

Big Eyes (BIG) is a short-window opportunity for crypto users to make their onboarding into the decentralized finance sector, where everything goes. 

As other DeFi cryptos like Cosmos (ATOM) and Avalanche (AVAX) have shown that a new concept can bring immense advantages, missing out on Big Eyes (BIG) before the onboarding session closes might not be the best decision to make.  

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.

Source link

Share This
COMMENTS

Leave a Reply

Your email address will not be published.