Recently, earning profit via blockchain technology-protected cryptocurrencies has become significantly popular worldwide, and this trend is expected to continue. Investments made at the beginning of the cryptocurrency’s rise may have already yielded gains several times the original outlay, depending on the trend and the coin’s value.
Since the introduction of cryptocurrency in 2009, many tokens and platforms have been built, including those that facilitate the purchase of cryptocurrencies, such as Big Eyes Coin (BIG) and Tezos (XYZ), which in turn provide the potential for investment returns. Keep reading to learn more about these crypto tokens and their unique features.
Baking over Staking
Tezos (XTZ) is a blockchain-based distributed ledger, similar to Bitcoin and Ethereum. It was first shown to the public in 2017 by Johann Gevers, a businessman from Switzerland. Tezos is a similar platform to Ethereum in that it can be used to execute smart contracts. Multiple accounts attribute the name “Tezos” to either the ancient Greek meaning “smart contract” or an unclaimed domain name that Arthur Breitman found using an algorithm to find words that could be pronounced in English.
Tezos (XTZ) is a cryptocurrency that incentivises users actively participate in the protocol’s underlying development. This results in the decentralization of maintenance and the democratization of the development process. In addition, Tezos is a blockchain that stands out for its minimal impact on the environment. Implementing a Proof-of-Stake (PoS) consensus mechanism means that far less electricity is needed to process transactions than Bitcoin and other blockchains that rely on computer-driven Proof-of-Work.
Tezos relies on “baking” rather than “staking” to verify financial dealings. Baking is an option for participants in the Tezos proof-of-stake (PoS) system, referred to by its proprietary name, liquid staking. Tezos can expand its network by adding new transaction blocks through a process known as “baking.
Meme Coin Kitty
The Big Eyes Coin, abbreviated as BIG, is a token to transfer value from the ecosystem of decentralized finance (DeFi) to the fintech sector while maintaining its existence. By donating five percent of its revenue to organizations focusing on marine conservation, BIG hopes to contribute to the preservation of marine ecology throughout the world.
As a meme token constantly rising in popularity in the circles of influencers, celebrities, and the economy, BIG has a strong design team to keep the system functioning smoothly. At least 90 percent of BIG’s total supply of 200 billion tokens is expected to be available for purchase on the day the platform goes live. Big Eye Coin (BIG) features a unique 5% ocean charity fund, no taxes or fees, a $2 million liquidity pool locked for two years, and a large variety of digital and physical products that can be purchased.