Crypto

GO BIG OR GO HOME – BIG EYES COIN BANGS WITH A WHOPPING $1.2 MILLION RAISED, DOES IT STAND AGAINST BINANCE COIN OR SHIBA INU?

09/11/2022
Bitcoin Ethereum News

Introduction

Yes, you read it right! Big Eyes Coin (BIG), a newly-emerging meme token, achieves more than 60% of its presale target in raising USDT. Read on to learn what’s exciting about this new meme project. Following the success of Dogecoin (DOGE) and Shiba Inu (SHIB), many developers were motivated to launch more meme token projects to try their luck to rank among the top 100s on CoinMarketCap’s list. However, Shiba Inu (SHIB) was also inspired by DOGE and thus came as its rival, which is why it is also known as a Dogecoin Killer in the meme market.

As the market is slowly recovering from the crypto crash of 2022, and blue chip projects like Binance Coin (BNB) and others are gradually trying to rise in price, the masses are looking for some affordable yet potential coins to throw their money into, especially those who can’t afford a single BNB in their wallet. If you think you’re one of those, this article might be for you. So, hang in there and keep scrolling to the end to know more about the newly-emerging meme token, Big Eyes Coin (BIG). But before that, let’s have a quick overview of the other two market giants so you can better understand what a potential cryptocurrency actually is.

Binance Coin (BNB)

As the name suggests, Binance Coin (BNB) is the native token of the world’s biggest crypto exchange in terms of daily trading volume, Binance. Binance was officially launched in 2017 as a centralized crypto exchange for facilitating the buying and selling of various cryptocurrencies. The exchange got attention and was trusted by millions worldwide within just a couple of years after its launch, and today it’s leading every crypto exchange that launched before or after it. Binance Coin (BNB) is the traditional primary cryptocurrency of Binance, like almost every other crypto exchange. Its name was birthed from  the combination of two words, Binary and Finance.

Changpeng Zhao, usually known as CZ, is the creator and CEO of the entire Binance network. BNB was a breakthrough for the Binance network in attracting enterprises and huge capital. After the coin was launched, the trust of traders and big institutions in using the Binance exchange rose. BNB is a deflationary token, another reason for its price hike. A deflationary token is one whose supply keeps reducing due to a token-burning mechanism. According to the AthCoinIndex, BNB made its ATH (all-time high) in May 2021, when it rose to over 140%, touching its highest price at around $686.31. However, the token is currently fighting the aftershocks of the crypto market crash like every other blue chip project.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a deadly competitor of Dogecoin (DOGE) in the meme coin category of the crypto market. It came out in August 2020 and was founded by an unknown personality with the pseudonym “Ryoshi”. The founder’s identity is still anonymous, just like Bitcoin’s.

Shiba Inu (SHIB) rapidly caught the hype and attention of a large audience due to the tweets and headlines by popular personalities like Elon Musk (the world’s richest billionaire) and Vitalik Buterin (founder and CEO of Ethereum). Also, Ryoshi had given 50% Shiba Inu (SHIB) supply to Vitalik Buterin, out of which Buterin burned 90% and donated the rest to charity. According to Forbes, Shiba Inu made its all-time high in June 2021 at $0.00000954. But as per AthCoinIndex, its all-time high was on October 27th, 2021, at $0.00001. Right now, it’s mostly trading in red due to the market’s shaky movement, thanks to the crypto crash of 2022.

About Big Eyes Coin (BIG) – Is it a Legit Token?

As the name suggests, Big Eyes Coin (BIG) represents the big eyes of a cute cat. It is a newly discovered meme token in its development phases. The token has a very clear and practical roadmap detailed in its whitepaper. According to the roadmap, the project is in its first stage of development, with three more to come ahead. The word “practical roadmap” is used after looking at the developments made in the first stage. For instance, here are the key targets listed in the first stage of the roadmap:

Let’s talk about the developments made up until now. The team has successfully cleared 2 out of 3 Audits, the details of which are mentioned on the official website available at the end. The presale website has been launched, and as mentioned at the start, the presale target is already near completion. The team has also launched the project’s social media channels like Telegram, Twitter, and Instagram. So far, the project has also attracted nearly 2000 Telegram members to its group. All this shows is that Big Eyes Coin (BIG) has a solid and potential action plan.

Comparison between BIG and SHIB

First, Shiba Inu (SHIB) copied Dogecoin (DOGE) and came up with a little renovation. Shiba Inu (SHIB) is also a dog-breed or dog-faced meme token. On the other hand, Big Eyes Coin (BIG) came up with a new theme that’s way cuter than DOGE and SHIB combined, based on a cute cat face.

Second, Shiba Inu (SHIB) has almost an infinite amount of tokens, looking at its maximum token supply of one quadrillion, which is way too much. On the other hand, Big Eyes Coin (BIG) has a limited and fixed total supply of 200 billion tokens. This supply matters a lot in price and value appreciation, as a token with an unlimited supply cannot rise in value as much as a token with a limited supply does.

Lastly, one USDT equals more than eighty thousand SHIB tokens, while the same USDT can buy you ten thousand BIG tokens even in its presale. This shows that the value of Big Eyes Coins (BIG) tokens is far greater than SHIB tokens, as one gets eight times the lesser number of BIG tokens for one dollar compared to SHIB tokens.

Big Eyes Coin (BIG) Tokenomics

Out of the total supply of 200 billion, 70% is getting sold in the presale (which is already going live). 5% is going to be used for marketing the project, and another 5% is reserved as a charity fund for protecting the marine life suffering in the world’s oceans. However, a 20% amount will be provided to the crypto exchanges to allow users to buy BIG tokens more easily after the end of the presale.

How to participate in the Presale season?

If you desire to join the presale before it ends, the following three easy steps can serve you:

Big Eyes (BIG) Token Presale Contract Address: 0xc8De43Bfe33FF496Fa14c270D9CB29Bda196B9B5

After depositing your funds, you’ll have to await the presale’s end. The developing team will update a Claim Button on the token’s website as soon as the presale sums up. You can click that Claim button and receive your Big Eyes Coin (BIG) tokens in your wallet.

Conclusion

After seeing the comparison between Shiba Inu (SHIB) and Big Eyes Coin (BIG), you might get an idea about the potential and strengths of the BIG token in contrast with a meme giant. The next thought that comes to mind is whether the token is a fraud or rug pull or is it a legit one. To ensure this, the team has successfully certified its project from two audits; CoinSniper and Solidity Finance. Now it’s time to see if the cat-faced Big Eyes Coin (BIG) token can really go big in the meme market, which is being ruled over by only dog-faced meme tokens.

Disclaimer

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