The growth of the cryptocurrency market seems to be unstoppable as it is. From all parts of the world, people are looking for a way through which they can support their finances and live a better life. As it is, the crypto market is saturated with tons of chances, projects you can jump into in hopes of easing financial hardship. However, you should take note that the earning process is, more often than not, a process that requires patience and cannot be rushed.
Without further ado, the reason for writing this article is so you can check out these cryptocurrencies that are currently buzzing in the DeFi ecosystem and see the key innovations moving the projects forward. Three of these would be discussed as we progress; with the Big Eyes Coin (BIG) being the main topic, alongside Solana (SOL) and Hex Coin (HEX).
Big Eyes Coin (BIG)
A lot of decentralized platforms present their members with transparency, security as well as active communities in which they can thrive. In the decentralized finance (DeFi) ecosystem, many innovations are emerging, and NFTs (Non-Fungible Tokens) have been generating the most buzz for quite some time now.
Overall, the nature of meme token cryptocurrencies is considered a bit too volatile or unstable for a crypto trader looking to make a serious purchase. The Big Eyes Coin (BIG) exists as an entirely community-driven crypto project whose primary purpose is to drive wealth in the DeFi ecosystem. But the project is not set to stop there, as it would tap into the ongoing buzz about NFTs with the use of its self-propelled Blockchain network.
Another reason why you should consider the prospect of this token is in granting almost complete autonomy to users, as they own 90% of the token when it launches. This is one of the things that sustains the community and provides members with the control they crave in dealing with a cryptocurrency.
Hex Coin (HEX)
Hex Coin (HEX) was designed by Mr. Richard Heart in 2019 to become the very first certificate of deposit (CD) in circulation in the cryptocurrency market. By convention (in the banking industry), the CD usually offers a somewhat higher return than the average customer’s savings account after the customer has entered into an agreement to lock in purchased funds for a specified period.
Hex Coin (HEX) is said to operate using a Proof of Work (PoW) protocol, which may be devoid of commitment from miners. The project replaces this with a system that allows holders to mint new coins to hold HEX for the period set in the agreement/contract.
Following major dips, following this year’s crypto crash, the price of the token seemed to fluctuate several times and is now on the rise again. For this reason, it is wise to use money that you can afford to lose for the purchase of the coin, as it carries high risk.
Solana (SOL)
Solana (SOL) is named after a small coastal town in the southern part of California. The token was created by Anatoly Yakovenko and was designed to work similarly with Ethereum (ETH), perhaps an improvement on ETH’s shortcomings. It is a fast-growing blockchain, whose SOL token is available for purchase on many major exchanges today. Using a rather unique combination of Proof-of-Stake and Proof-of-History protocols, Solana offers its users much faster transaction speeds than its fiercest rivals like Cardano (ADA) and Ethereum (ETH). And that’s only a fraction of the cost.
SOL tokens can be used in different ways due to their dynamism. Trading, peer-to-peer payments, and being able to be used as an incentive to maintain the Solana Network’s position as a validator are some of the best use cases here.
Conclusion
As a buyer, you should take note that the ecosystem is saturated with cryptocurrencies which are quite high risk in nature. And that includes the Hex Coin (HEX), Big Eyes Coin (BIG), and Solana (SOL) discussed in this article. You must therefore be prepared to accept the possibility of losing funds for the cause, no matter how much faith you have placed in these projects.
Big Eyes Coin (BIG);
Website : https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
Azoma devours the press on a daily basis. He brings through his writings a synthetic decryption on the news of the moment.