Crypto communities are becoming incredibly popular in the crypto space, with new ones emerging daily. These communities are individuals with shared aims and objectives who come together to trade, interact, and develop the ecosystem.
Most communities run under a decentralized autonomous organization that allows community members to participate in decision-making by employing democratic voting. Communities also have a native token that serves as the ecosystem’s fuel. This article looks at an emerging community, ‘Big Eyes,’ while comparing it to top communities in the industry.
AAVE
AAVE is an open-source, decentralized platform that allows users to lend or borrow cryptocurrency without needing a go-in-between. The native currency of the platform is the $AAVE token. The token serves as both the platform’s utility and governance token. Users who hold the token can use it to pay transaction fees, and the token can also be used for staking.
The $AAVE token can as well be used as collateral when borrowing. Each token is equivalent to a vote, and users who hold the token can have voting power regarding decisions made on the platform. This also encourages users to keep as many coins as possible so their votes can hold significant value.
The platform uses liquidity pools to gain funds to loan out to users. The liquidity pools consist of digital assets of users who choose to deposit them. These users are incentivized through rewards systems like tokens etc.
Avalanche
Avalanche is an open-source, decentralized blockchain platform with a base layer network that allows developers to build and deploy decentralized apps. Ava labs developed the platform to guarantee security for users’ assets well above the stipulated 51% standard. The platform is known for its smart contracts functionality being the fastest smart contract in the industry, which enhances the platform’s scalability, giving it an edge over others.
The native currency of the platform is AVAX. It is used as a payment mechanism and used in governance. The platform is run under a decentralized autonomous Organization; hence, community members participate in decision-making through democratic voting. Holders of the token can join in the voting process, and the weight of a user’s vote is contingent upon how much permit the user possesses. AVAX is in the top 10 cryptocurrencies, according to CoinMarketCap.
Big Eyes Coin
Big Eyes Coin redefines ‘Extra’ in the best way possible. The ecosystem is all about bringing in new and fun ways to do crypto. The coin is a meme coin that plans to boost its ecosystem through innovation and acquisition of the unknown. The platform aims to heighten its success by combining the power of its community and the expertise that acquisition comes with. The platform also has plans to produce the ecosystem’s merchandise in a bid to raise awareness for the community.
The BigEye coin is the native currency of the platform with a 200,000,000,000 supply cap. 70% of the token will go towards the presale. The ecosystem is also equipped with an NFTs marketplace and plans to hold several NFTs contests in the coming years.
For more information on the Big Eyes coin:
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
