Decentralized finance (DeFi) is taking over the financial market and displacing traditional finance in various circles. If you’re new to DeFi, chances are you’re seeking the best tokens to kick off your journey in the sector. Before introducing the more successful crypto tokens in DeFi, the upcoming Big Eyes (BIG) token is one to prioritize for DeFi enthusiasts.
With lots of DeFi tokens already available in the cryptocurrency market, Avalanche (AVAX) and Aave (AAVE) are two of the best options today.
In this article, we will discuss these tokens, helping less experienced DeFi enthusiasts with all there is to know about them and why they are among the cryptocurrency-related investments today.
Avalanche (AVAX) – Least Energy-Intensive Crypto Tokens
Many crypto experts call Avalanche (AVAX) the cryptocurrency to buy now. Their stance is not surprising as it is one of the most promising cryptocurrencies in the cryptocurrency market. According to CoinMarketCap, Avalanche (AVAX) currently ranks 14th on the list of the biggest cryptocurrency by market capitalization.
Avalanche (AVAX) is the native token for Avalanche, a layer one blockchain for decentralized applications (dApps) and custom blockchain networks. Avalanche aims to unseat Ethereum as the most popular blockchain for smart contracts by generating up to 6,500 transactions per second without compromising scalability.
Avalanche’s (AVAX) blockchain has a unique architecture, making it highly scalable. The blockchain is a combination of three sub-chains: The X-Chain (Exchange Chain), P-Chain (Platform Chain), and C-Chain (Contract Chain).
The X-Chain helps to facilitate sending and receiving funds and payment of transaction fees, while the P-Chain handles staking and validator activities within the ecosystem. It enables validators to receive Avalanche (AVAX) tokens as rewards for helping to secure the network.
On the other hand, the C-Chain helps with the execution of smart contracts and enables the creation of DeFi dApps on the network.
As an open-source cryptocurrency, Avalanche (AVAX) uses a proof-of-stake (PoS) mechanism, which allows thousands of validators to participate in ecosystem governance. Its PoS mechanism makes Avalanche (AVAX) one of the least energy-intensive crypto tokens, thanks to its minimal energy consumption.
With DeFi transactions increasing daily, Avalanche (AVAX) achieves the finality of transactions in a record one second while maintaining decentralization and security. With its growing reputation, the project launched Avalanche Rush, an incentive program to draw liquidity into its network.
Participating in project governance and reinvesting Avalanche (AVAX) into various available projects are some of the best ways to profit from Avalanche’s (AVAX) rising value in the cryptocurrency market. Another is participating in staking for a chance to earn a profit.
Aave (AAVE) – A Popular Defi Token In 2022
Aave (AAVE) has grown in popularity since its launch in 2017. At the time of writing, it sits pretty in 43rd position on CoinMarketCap’s list of biggest cryptos by market cap.
Aave (AAVE) is a DeFi token for Aave, a decentralized protocol that allows people to lend and borrow crypto. The protocol is one of the biggest lenders of cryptocurrency. Users can borrow and lend over twenty cryptocurrencies, meaning they have a greater amount of choice.
The platform allows lenders to earn interest by depositing digital assets into specially created liquidity pools. At the same time, borrowers can use their crypto as collateral to take out flash loans.
Aave (AAVE) provides holders with discounted fees and gives them a say in the future development of the protocol. It also provides users intending to borrow with fixed and variable interest rates. While fixed rates offer some cost certainty when the cryptocurrency market is unstable, variable rates can be favorable if the borrower anticipates a price drop.
With the advancement of DeFi protocols, Aave (AAVE) continues revolutionizing its DeFi ecosystem. In July 2022, its community of users approved a proposal to launch the stablecoin, GHO, to increase user participation within the DeFi protocol.
According to the proposal, the introduction of GHO will make stablecoin borrowing on the Aave protocol more competitive. It will also generate more revenue for its DAO.
This approach will allow users and borrowers to mint GHO against their supplied collateral while also earning interest on the underlying transactions.
Big Eyes (BIG) – A Community-Based Meme Token
Big Eyes (BIG) has the potential to become the best cryptocurrency to invest in 2022. The community-based meme token seeks to transfer wealth into the DeFi sector by integrating NFTs into its ecosystem using a self-propagating blockchain system.
Big Eyes (BIG) takes after the cute big-eye cat adopted by rocket scientists at NASA. It seeks to deliver the fun associated with meme tokens via its very playful and almost childlike adventuring aesthetic system.
Big Eye (BIG) builds with a long-term focus, with plans to secure stability and value for years to come. The eco-friendly crypto token promises to contribute to marine-life preservation by charitable contributions to organizations dedicated to the cause. To achieve this, 5% of Big Eyes’ (BIG) total supply will go to a charity wallet within its ecosystem.
Further information on its tokenomics reveals that Big Eyes’ (BIG) total supply stands at 200 billion tokens with an ongoing public pre-sale of 140 billion (70% of the total supply). 20% of the total supply will go to exchanges, while the remaining 5% will be for token marketing.
Big Eyes (BIG) promises to be revolutionary and has a user-comes-first ecosystem with openness to updates for the benefit of the community. Big Eyes (BIG) will integrate many elements into its ecosystem. Each element will generate wealth and popularity for the crypto project.
With Big Eyes (BIG), users can mint, buy, sell, trade, and hold NFTs, which will be essential in the ecosystem. What this means is that users will be able to benefit from the popularity and profitability of NFTs.
Big Eyes (BIG) will host different NFT events to further drive profitability, including NFT contests, reward systems, and more. NFT holders within the ecosystem will be eligible to belong to its Sushi Crew and to participate in the events. There will be a store where NFT holders can purchase fun things they can later sell to earn more profit.
Therefore, Big Eyes (BIG) is counting on NFTs to increase traction and entice users from different NFT platforms once it launches into the cryptocurrency market.
Big Eyes (BIG) has a clear and active tax system that will allow changes to include fees for auto burn features, marketing wallet, and liquid protocol acquisition.
Token Launch And How To Buy Big Eyes (BIG)
At the time of writing, there is no available information regarding Big Eye’s (BIG) release date. It will, however, launch first on Uniswap and later on several exchanges not long from now.
Purchasing Big Eyes (BIG) during the pre-sale allows early buyers to join its earliest community of users who will benefit the most from the ecosystem. Buying is straightforward and follows three simple steps.
In step 1, crypto enthusiasts interested in buying must install a MetaMask wallet in their browsers or use one of the wallets supported by Wallet Connect, like Trust Wallet.
In Step 2, prospective buyers must connect their preferred wallet using the available “Connect Wallet” option. They can then purchase by using their credit cards to buy Ethereum (ETH), with which they can buy Big Eyes (BIG). They can also use the USDT or Ethereum (ETH) already in their wallets to buy.
In Step 3, buyers can claim their Big Eyes (BIG) tokens at the closing of the pre-sale by clicking on a pink ‘claim’ button on the website.
If you are new to DeFi and want to get the most out of the sector, consider buying Avalanche (AVAX) and Aave (AAVE) today. As demonstrated before, both tokens are among the best cryptocurrency-related investments.
Both tokens open loads of user opportunities, including lending and borrowing cryptocurrencies and earning interest, rewards, and incentives for participating in their ecosystems.
For its part, the upcoming Big Eyes (BIG) token has many features and capabilities to make anyone prioritize it as the cryptocurrency to buy now.
Big Eyes (BIG) possesses eco-friendly attributes and promises a profitable economic roadmap that will attract crypto enthusiasts to buy. If it stays faithful to its promise, it could become the best cryptocurrency to invest in 2022.
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