Many would agree that blockchain technology brought us amazing innovations and possibilities. The fact that cryptocurrency is a decentralized and secure pathway to performing transactions renders banks and other financial intermediaries in a different position. Excessive verification from these entities has moved most people away from the bank and fiat forms of payment to the cryptocurrency route. But with the cryptocurrency hype increasing daily we seem to forget the environment gets impacted by these activities, and sometimes in a very bad and negative way.
Miners for example employ ASIC machines that can be bad for the environment in large quantities and actions are needed to offset these disadvantages. Big Eyes Coin (BIG) is a cryptocurrency with a focus on saving our oceans through charities and its network. Chainlink (LINK) is a proof-of-stake (PoS) consensus mechanism that uses less energy than the proof-of-work (PoW) based blockchains and VeChain’s proof-of-authority (PoA) consumes even less than PoS. This article will look at what exactly these cryptos are and the features they come with…
Big Eyes Coin (BIG)
What is Big Eyes Coin
In addition to being a decentralized, scalable and secure coin, Big Eyes Coin (BIG) is a community-based coin that revolves around cats. The Big Eyes (BIG) is a layer-2 network powered by the native cryptocurrency and is built on Ethereum (ETH).
Big Eyes (BIG) is an ecosystem that self-propagates for hypergrowth through non-fungible tokens to give access to lots of content and events. The Big Eyes Coin (BIG) is a community token and has the potential to generate charity and create wealth for its community.
Buy why a Cat?
The reason a cat was chosen is because of four things:
Just as the cat does everything with reason, Big Eyes Coin (BIG) does the same for example it doesn’t waste energy and it does this without a mess. Users can expect Big Eyes Coin (BIG) to do exactly what’s expected of it without delay just as the cat hunts the bird.
As much a cat loves to get to work and take care of itself, it also likes to play and Big Eyes Coin (BIG) is centred on the aspect of working hard and playing hard.
A cat has nine lives meaning it’s difficult to kill, Big Eyes Coin (BIG) is a cryptocurrency that’s sturdy, robust and designed for bear markets. It constantly works on improving its network and doing better giving it great potential.
Cats are all about being social and aren’t a one-man island, like lions they seek a pride to go further instead of merely going faster like a lone cat. Big Eyes Coin (BIG) through its decentralized finance (DeFi) features and state-of-the-art blockchain capabilities works as a community with its members. Communication is key in the world of Big Eyes (BIG) and sharing is important, this means trust is a vital factor in its ecosystem which is also the source of its strength.
A tax-free system
Big Eyes Coin (BIG) doesn’t have taxes meaning you won’t have worries and fees. Users also have a dynamic tax system which serves the longevity of the Big Eyes (BIG) ecosystem. The dynamic tax system means changes in fees for the LP acquisition, marketing wallet and auto burn functions can take place.
Big Eyes (BIG) involves five “cats” namely Top Cat, Tech Cat, Hype Cat, Op Cat and Law Cat and this mix of felines are knowledgeable on crypto, making the community work hard for their coins, ensuring ambition reigns in the ecosystem and vital tasks are constantly happening.
Where is Big Eyes headed? Does it have a plan?
Big Eyes Coin (BIG) is on presale now which is the first part of its 4-stage action plan namely:
- Stage 1 – Crouch
- Stage 2 – Leap
- Stage 3 – Run
- Stage 4 – Catwalk
The Crouch stage is more than just a presale phase because three audits will take place here and 15,000 telegram members are involved. Leap is an interesting stage because of the launch of the Uniswap (UNI) exchange which can strongly propel Big Eyes (BIG) in the crypto space. This is an important stage as donations to charity start here.
The Network and its cryptocurrency
Chainlink (LINK) is a network launched in 2017 by SmartContract, a profit organization. The Chainlink (LINK) team started an initial coin offering (ICO) where 32 million dollars were raised through selling a billion Chainlink tokens (LINK), the native Chainlink (LINK) platform cryptocurrency.
Another 35% of Chainlink tokens (LINK) were for node operator incentive purposes and 30% more were given to SmartContract development needs. The native Chainlink token (LINK) is ERC-20 crypto mainly for incentivizing many global nodes so that Chainlink (LINK) can form accurate data for smart contracts that operate on blockchains.
How does it work?
The Chainlink token (LINK) can be used to buy services within the Chainlink (LINK) oracle and is the powerhouse behind Chainlink (LINK). Contract holders are asked to pay node operators in the native Chainlink token (LINK) for the data they provide. Also, prices are decided by Chainlink (LINK) node operators about the demand for data they can give as well as the market for the data.
Staking with Chainlink
Chainlink’s (LINK) validator nodes represent blockchain oracles that execute more tasks than the usual decentralized platform. An oracle communicates with smart contracts and sends data from outside sources to them. Chainlink (LINK) validators get incentives in the native token form to do these tasks.
Validator nodes need to stake Chainlink tokens (LINK) and the larger the stake the better the quality of contracts they obtain. Staking in Chainlink (LINK) can’t currently happen for non-validator nodes as the ecosystem only allows for the validators to earn the native token through staking.
VeChain (VET) is a blockchain that leverages smart contracts to create opportunities for businesses. VeChain (VET) has a supply chain product that allows for the tracing of shipped goods from their beginning to their end-point. Uses of VeChain (VET) range from the food industry to fashion which it achieves through its native VeChain token (VET).
The PoA consensus mechanism
VeChain (VET) employs the PoA which integrates blockchain features with algorithms to deliver a transparent and reliable experience to its users. The nodes of a PoA aid participating people validation transactions inside the blockchain. PoA differs from PoW which uses miners who perform complex equations to obtain rewards through high-energy mining.
Should I buy VeChain tokens?
VeChain tokens (VET) have utility and real-life uses which have created partnerships for the ecosystem, especially business-related enterprises. This is different from other blockchains that are that focus on helping individual people and groups make transactions without intermediaries and centralized institutions. VeChain (VET) hasn’t experienced any harmful acts of a large scale to its ecosystem and the team behind it is constantly progressing the network.
VeChain (VET) can do better in its brand awareness campaigns to increase in popularity, however, this is a small disadvantage compared to its potential as a cryptocurrency to purchase, like other cryptocurrencies, VeChain (VET) can be volatile which users must account for before buying.