It’s been thirteen years since the birth of cryptocurrency, and the industry has undergone dramatic changes.
A lot has changed since Bitcoin emerged, and the phenomenon of digital assets was catapulted to the vanguard of the financial world. Since we’ve mentioned the original token, it is important to note that Bitcoin had no blueprint or predecessor. BTC was the first-of-its-kind cryptocurrency.
Now that considerable time has elapsed, the number of tokens has risen sharply. At the time of writing, there are a staggering twenty-one thousand five hundred and two tokens available for purchase, with hundreds more in active development or some stage of their presale. Naturally, it is difficult for new tokens to distinguish themselves in such a crowded and challenging market.
In the following passages, we’ll highlight two cryptos that did that in the past and a new one (Big Eyes Coin) with the potential to succeed in a cut-throat environment.
In 2008, Bitcoin Initiated The Crypto Craze
In 2008, an individual using the alias “Satoshi Nakamoto” wrote a whitepaper in which he described a digital asset called Bitcoin. Although some of the concepts mentioned in the document predate Bitcoin’s arrival, the project was the first to properly implement these concepts.
The following year, Bitcoin was launched, giving rise to the cryptocurrency industry and changing the financial landscape forever.
Bitcoin is a decentralized, peer-to-peer (P2P) token, which means that all transactions are conducted between two independent parties without the participation of intermediaries. In other words, players like banks and the government have no say in cryptocurrency dealings. The lack of intervention is precisely how Nakamoto imagined Bitcoin would work. In his words, Bitcoin’s creator claimed that online transactions should be sent from one party to another without involving financial institutions.
62% of ApeCoin Tokens Are Used For Its Ecosystem Fun
ApeCoin is an ERC-20-compliant utility and governance token implemented with the APE Ecosystem. The token empowers a decentralized community spearheading Web 3.0 technology.
Token holders have governance rights and decide how the ApeCoin DAO Ecosystem Fund should be utilized through a decentralized governance system. Once users determine how to use the fund, the APE Foundation executes the decision. APE gives users a shared and open token that operates without central intermediaries like the government or banks. 62% of ApeCoin tokens are apportioned to the Ecosystem Fund, maintained to facilitate community-led initiatives as decided by DAO members.
Big Eyes Coin Raises $9,000,000 For Presale
Big Eyes (BIG) is a new token and does not possess an illustrious story like Bitcoin and ApeCoin – yet.
The touted token centres on decentralized finance technology. Each transaction on the platform moves money into the DeFi space. Since decentralized finance has grown manifold recently, BIG’s makers are hoping their project will too. The ulterior motive of the project is to facilitate welfare by creating a charity wallet. The platform will allocate 5% of each transaction and apply it to the conservation of the oceans.
Tokenomics
The makers of Big Eyes will disseminate 200 billion tokens altogether. 180 billion tokens are available at launch: 70% are attainable through a public presale, and users can find another 20% on exchanges. The remaining 10% is divided in half between charity and marketing.
Final Thoughts
Bitcoin is the perfect role model for a new token. Developers should look at how BTC revolutionized finance and seek inspiration for their projects. The team behind BIG is motivated to create a platform that endures.
If you are interested in buying Big Eyes tokens, you should download MetaMask on your device. BIG tokens can be purchased using your card or with Ethereum tokens.
For more information on Big Eyes (BIG), you can visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.