The fundamental component of blockchain technology is a decentralized digital ledger that can be used to store many types of data. Transactions involving cryptocurrencies, ownership of NFTs, and smart contracts, including DeFi can all be recorded using blockchain technology.
Blockchain is unlike any other database since it is not controlled by any single entity. This makes it ideal for storing transactions and other types of data. The distributed digital ledger is frequently referred to as a ‘chain’ that is constructed out of separate ‘blocks’ of data. It is considered to be the foundation of cryptocurrency security.
In this article, based on the cryptocurrency list, we will discuss an overview of the best coins, such as Big Eyes (BIG), Polygon (MATIC), and Gala (GALA).
Big Eyes (BIG) is all set to Takeover the Cryptocurrency Market
Big Eyes Coin is a meme coin and a decentralized finance (DeFi) Token that was created to make it less difficult to buy, sell, and trade digital assets. Through the development of a blockchain-based exchange, the project intends to accomplish its goals of increasing the profitability of the DeFi space for end users and hastening the adoption of the technology.
By providing adopters and members of the community with unique opportunities for learning and earning, the ecosystem hopes to hasten the process of growth, development, and the accumulation of wealth.
The BIG Token is the platform’s native cryptocurrency token. Because it has a responsibility toward the community, it differentiates itself from other meme coins in several ways. The currency makes use of a variety of entry points, each one of which is certain to attract the interest of prospective presale buyers.
Holders of crypto assets are shielded from the risk of having their assets stolen by a third party because the smart contract that underpins the token has been validated by Solidity. CoinSniper has also conducted a verification process on the platform’s development team to ensure that it is up to its usual high standards of security.
Through the development of reliable infrastructure, Big Eyes plans to become one of the next top 10 NFTs worldwide. An exceptional infrastructure has been constructed to make this possible, even though it is not something that can be done every day.
In addition, Big Eyes holders would not be subject to any kind of transaction tax. The creators have produced a total quantity of 200 billion BIG Tokens, of which 90% will be issued during the presale phase of the ICO.
The company has set aside five per cent of its coins to be used for unique marketing and enticing deals in the hopes of persuading users to buy their coins. Last but not least, 5% of the profits will be donated to the fish community to reduce pollution and overfishing.
Polygon platform has awarded a Supporting Stake to Coinbase
Polygon was founded by Sandeep Nailwal in 2017. It is an Ethereum token that fuels the Polygon Network, which is a platform and framework for creating and linking Ethereum-compatible blockchain networks.
Polygon is a Layer-2 solution meant to help scale and improve the operation of the Ethereum network. Users can deposit Ethereum tokens into a Polygon smart contract, interact with them within the platform, and then withdraw them back to the Ethereum main chain.
The native token of the platform is MATIC and is used to pay transaction fees and to participate in the proof-of-stake consensus algorithm. Currently, it has a circulating supply of $8.73 billion, with a maximum supply of $10 billion. As per news reports, Coinbase has announced a supporting stake on Polygon’s platform.
Gala, in partnership with Gallium Studios, has launched a new NFT-based project
GALA is a non-refundable utility token that serves as a medium of exchange for Gala Games ecosystem participants. Introducing GALA aims to provide a practical and secure method of payment and settlement among Gala Games ecosystem members, such as paying for digital goods or in-game items.
The Gala Games ecosystem’s digital utility token is the GALA token. GALA can be exchanged between users peer-to-peer, and they have complete choice over how they use it. As a result, the GALA token powers the Gala Games ecosystem.
GALA is used as a non-refundable utility token and a medium of exchange for Gala Games ecosystem players. It has a market cap of $22.8 billion with a circulating supply of $7.08 billion. As per news reports, GALA Games and Gallium Studios have announced a partnership for launching a new NFT-based project. Players may now take true ownership of their in-game assets as NFTs on the blockchain using NFT-driven play-to-earn (P2E) games.
Learn more about the Big Eyes Token: