DeFi has evolved from what it was a few years ago; Numerous projects have contributed to its development. Thanks to them, this ecosystem includes multiple features like lending and borrowing, blockchain-based games, staking, NFTs, etc
However, the vast nature of this ecosystem has discouraged some people from embracing the numerous benefits it offers, believing that it is too complicated to understand or that they lack sufficient knowledge about DeFi in general missing.
It is nearly impossible to downplay these views as cryptocurrencies are highly volatile and an ignorant plunge into the DeFi ecosystem could result in loss of funds as a lack of proper knowledge and information will only encourage bad decisions.
Nevertheless, some crypto projects have recognized this problem and aim to simplify the DeFi ecosystem by facilitating the relationship with its faculties.
In this article, we will discuss three crypto platforms that aim to make DeFi more accessible to everyone and the methods they will use.
Like Big Eyes Coin, Binance Coin and Bora intend to attract more users to DeFi 3
Big Eyes (BIG): An Eth-based crypto project aiming to make DeFi more fun with NFTs
Big Eyes (BIG) is a community token designed to help grow decentralized finance and also save the ocean and aquatic habitats.
The project intends to contribute to decentralized finance through the funds generated from its token BIG.
To achieve this goal, they intend to build a unique blockchain capable of self-propagation and giving it rapid growth.
This project will also use NFTs to allow users to access more content on the network.
Short Story
Big Eyes, an adorable cat with really big eyes, has decided to stop being cute because it portrays him as weak. But he was really smart, so he devised a plan to save aquatic wildlife. It was wise because cats need to eat and subsist on fish and other sea creatures.
features
Big Eyes (BIG) has some very nice features that make it unique from others
- Holders before all others (HBAE): Big Eyes (BIG) believes in having the backs of those who originally supported them. Sometimes, when most projects pay off, they always forget about those who stood by them in the beginning; the community. That’s why Big Eyes (BIG) implemented the HBAE policy that puts their owners first.
- NFT competition: Art is an integral part of life. For this reason, Big Eyes (BIG) will organize an NFT competition about photographing wonderful sea creatures. This NFT project gives all participants access to other important events on the platform.
- Simplify DeFi: One of the most important features of this project are the tutorials designed to simplify DeFi to the last possible step. This will not educate people but will also open their eyes to the investment opportunities within their reach.
Big eyes (BIG) token
Big will be community controlled tokens that will no doubt be crucial to the development of the project and will have many investment opportunities that have yet to be unlocked.
Big Eyes (BIG) NFT token
The platform follows the current NFT trend and intends to host an NFT project that will give access to all other events. Apart from that, NFTs will play an important role in the growth of this project as they will create a connection or close bond between users and aquatic life.
tokenomics
Big tokens will have a fixed total supply of 200 billion tokens divided into 4 sections. 70% of the token will be sold during the project’s public crowd sale, while 20% will be used for exchanges. The platform marketing wallet receives 5% of the total supply and 5% is donated to charity.
Big Eyes (BIG) road map.
All real crypto projects always have a roadmap or game plan, Big Eyes (BIG) have planned many milestones for their platform and they have divided them into four phases. They mimic the movement of a cat and have named them Crouch, Jump, Run and Catwalk.
Phase One Crouch
They plan to audit all tokens, launch their presale website, host a token presale, perform live media stunts, launch a live PR machine, activate social media platforms and 15,000 Telegram members to win.
Phase Two Jump
At this stage, they plan to do many things, and some of them do
- Start on Uniswap
- Launch their site
- Have 25,000 Telegram members
- Have 20,000 token holders
- Get verified on all social media platforms
- Integrate swap features into the service they provide.
Phase three run
A few things are planned for this phase
- They plan to launch their first NFT and open it to the public
- The platform will host its first NFT IRL event
- More token holders totaling around 50,000
- Campaign to create more awareness
- Perform more media stunts
- Make the second charity donation
Phase Four – Catwalk
The last phase includes events such as
- More focus on community events
- Donate $1 million to charity
- Add more swaps
- Develop NFTs
Bora (BORA): A crypto platform that uses entertainment to drive traffic into the DeFi ecosystem
Everyone loves good entertainment Movies, games and music are tools for relaxation. Bora (BORA) uses this medium to drive more traffic into the DeFi ecosystem
Bora (BORA) is a layer 2 blockchain entertainment platform built on top of the Ethereum network. It offers incentives to its users with digital content such as music, games, and movies.
This platform supports Bapps (Blockchain Applied Applications) to help gaming, gambling and community service providers deliver information at lightning speed and efficiently.
Bora (BORA) offers an opportunity to address issues such as loss of wealth, lack of disclosure and transparency, transaction risk and high brokerage costs.
They solve these problems through improved scalability and extensibility for commercial content application services.
BORA coin
The Bora coin acts as a standard ERC-20 token and is used for trading inside and outside of BORA-based digital applications. It is also used as an incentive to drive traffic to the platform.
BORA NFT
Recently, Bora (BORA) launched an NFT marketplace that allows anyone to trade, receive, buy and sell NFTs to others. Previously, they had integrated NFT minting into the services they offered.
Meta Toy Dragonz (MTDZ), a P2E NFT gaming platform, boarded Bora on May 27th. This collaboration will allow all players to build meta dragons and earn rewards in MTDZ NFTs.
Platforms that have partnered with Bora (BORA)
Bora (BORA) has formed alliances with several mainstream companies in the blockchain gaming industry.
Some gaming platforms that BORA has partnered with are South Korean video game publisher Kakao, Neon Games and Android mobile game company developer ENP Games.
It has also formed partnerships with blockchain companies such as ClaimSwap, Coinplug, and Metadium.
Binance Smart Chain (BNB): A centralized crypto platform hosting DeFi projects
The Binance (BNB) platform is the largest crypto exchange in the world in terms of trading volume. It is a secure, centralized platform due to an enhanced security mechanism and scalability.
This centralized crypto platform has proven through its actions that it supports the DeFi ecosystem by hosting multiple DeFi projects on its network.
Binance Coin (BNB)
BNB, the native token of the Binance (BNB) network, is a standard BEP-20 token with EVM compatibility due to its initial use on the Ethereum (ETH) network as an ERC-20 token.
It was launched in June 2017 and released as a utility token on the Binance (BNB) network on July 17th.
DeFi projects on Binance Network (BNB).
Some notable Defi projects hosted on Binance (BNB) platform are
- pancake swap: It is currently one of the leading decentralized exchange and exchange platforms in the crypto industry. And it is also one of the first DEX to come back from Binance (BNB).
- DEX Master: This decentralized platform is also one of the projects hosted on the BSC network. It is a trading platform that supports modern traders with on-chain analytics and trading features.
- CyberSwap: A DeFi platform that allows anyone to exchange cryptocurrency tokens directly from their wallet in a safe, convenient and efficient way.
- Alpaca Finances: This is a rental protocol hosted on the BSC network. It offers leveraged yield farming, a tactic that combines yield farming with the ability to borrow assets and automatically reinvest the interest and trading fees to generate higher returns over time.
- Slingshot: That is a Web3 decentralized trading platform and liquidity aggregator built on top of the BSC network.
crypto wallet
The official wallet of the Trust Wallet platform is a non-custodial multi-crypto wallet used to store, send, receive and trade cryptocurrencies along with NFTs.
This wallet ensures the security of funds through a 24-word seed phrase, biometric authentication and PIN/password.
It can also be used to access services such as yield farming, dApp browsing, swapping and swapping, staking, lending, and lending logs.
Apart from the BSC network, the Trust Wallet supports 68 blockchains and over 40 cryptocurrencies.
With all these features, we see that the BSC network is doing everything possible to support the DeFi movement and even integrate some DeFi functionalities into its ecosystem.
Conclusion
Big Eyes (BIG) is an upcoming crypto project that aims to simplify DeFi and help its growth.
It operates in unison with the big players in the industry like Bora (BORA), a crypto platform that is driving traffic to the DeFi space through entertainment.
We also have a Binance (BNB) network; Despite being a centralized platform, it works closely with DeFi networks that contribute to its growth and the growth of the DeFi ecosystem.
It also uses Trust Wallet, a decentralized wallet, as its official wallet
Presale link: https://bigeyes.space/#signup
Link to website: https://bigeyes.space/
Telegram link: https://t.me/BIGEYESOFFICIAL
Twitter link: https://twitter.com/BigEyesCoin
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.