The past few weeks have been tumultuous for the crypto market, but one coin that seems to be immune to the chaos is Big Eyes Coin, also known as BIG.
Although still in presale, BIG has managed to raise an impressive $31.61 million so far, signaling that it has the potential to be a major hit once launched.
Investors are flocking to BIG because of its unique features, particularly its strong emphasis on community and generating wealth for its members.
As part of its presale, Big Eyes has launched a collection of loot boxes, offering the opportunity for investors to make significant returns on their investments.
These loot boxes come in four tiers, with the Excali-Paw Master Chest offering a maximum prize of $1 million.
Plans to Enter the NFT Arena
Big Eyes also have a solid plan to generate wealth through NFTs, which will feature a wide range of cute cats. Holders of these NFTs can trade or sell them ERC20 tokens and BIG.
In a recent announcement, Big Eyes stated that early-stage investors in stages 1-3 of the presale will be whitelisted and able to mint their NFTs for free.
Giving other Memecoins Tough Competition
From being a source of comic relief to fueling a market bull run, memecoins have come a long way since the launch of the first-ever memecoin, Dogecoin, in 2013.
Back then, the crypto market was still in its infancy, and the idea of a memecoin was a breath of fresh air that injected a sense of humor into an otherwise serious and technical industry.
Fast forward to today, and memecoins have evolved from mere jokes to some of the most significant gainers in the market, with some even having real-world applications.
The success of memecoins has not only brought attention to these unconventional cryptocurrencies, but it has also helped other projects gain traction and recognition.
In 2021, Dogecoin’s influence was felt more than ever before, with many attributing it to being the catalyst of the year’s bull run.
Despite its initial conception as a joke, DOGE’s rapid rise in popularity and value has shown that the world of crypto is full of surprises and that anything is possible.
The rise of memecoins has also opened up new opportunities for investors, with some of these currencies offering high returns on investment.
The Big Eyes Coin is the newest addition to the meme token landscape. In recent years, there has been a proliferation of meme coins, but BIG aims to stand out from the crowd by offering something unique – utility for its community.
Unlike Dogecoin, which is not a utility token in the strictest sense, BIG seeks to provide practical use cases for its users.
The limitations of first-generation cryptocurrencies mean that decentralized apps or smart contracts are not possible on their networks. However, BIG aims to break the mold by integrating contemporary use cases such as DeFi and NFTs into its ecosystem.
The DOGE community recognized the need for innovation and attempted to address this by creating Dogechain, a pseudo layer-2 network built on Polygon.
This initiative sought to provide on-chain use cases for the DOGE community, but it faced significant challenges due to the limitations of the underlying network.
Succeeding where DOGE Couldn’t
BIG aims to address the challenges faced by Dogecoin by leveraging the latest advancements in blockchain technology.
By providing a platform for DeFi, NFTs, and other use cases, BIG aims to create a vibrant ecosystem that can offer practical benefits to its users. With its strong focus on utility and innovation, BIG is poised to become a leading player in the world of meme tokens.
It is abundantly clear that the popularity of meme tokens is increasing rapidly and it would not be a far stretch to expect them to give other popular tokens a run for their money.