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The growth of the cryptocurrency market seems to be unstoppable as it stands. From every part of the globe, people search for a means by which they can support their finances and live a better life. As it is, the crypto market is saturated with loads of chances, projects you can hop on with the hopes of alleviating financial struggles. However, you should take note of the fact that the earning process is, more often than not, a process that requires patience and cannot be rushed.
Without further ado, the core reason for writing this article is for you to be able to check out these cryptocurrencies that are currently buzzing in the DeFi ecosystem, and see the key innovations moving the projects. Three of these would be discussed as we progress; with the Big Eyes Coin (BIG) being the primary subject, alongside Solana (SOL), and Hex Coin (HEX).
Big Eyes Coin (BIG)
A large number of decentralized platforms present their members with transparency, security as well as interactive communities in which they can thrive. In the decentralized finance (DeFi) ecosystem, a lot of innovations come into existence, and NFTs (Non-Fungible Tokens) have been generating the most buzz for quite some time now.
On the whole, the nature of meme token cryptocurrencies is taken to be a tad too volatile or shaky for a crypto trader looking to seriously make a purchase. The Big Eyes Coin (BIG) exists as a completely community-oriented crypto project whose major purpose is to conduct wealth into the DeFi ecosystem. But the project isn’t created to stop there, as it would tap into the ongoing buzz about NFTs with the use of its self-propelled Blockchain network.
Another reason you should consider the prospect of this token is in the conferment of near total autonomy to the users, as they are given 90% ownership of the token as it is being launched. This is one of the things that sustains the community and provides the members with the control they yearn for in dealing with a cryptocurrency.
Hex Coin (HEX)
Hex Coin (HEX) was designed by Mr. Richard Heart in 2019 to become the very first certificate of deposit (CD) in circulation within the cryptocurrency market. By convention (in banking), the CD provides a return that is usually just a little bit higher than the average savings account for the customer after the customer strikes an agreement to lock up the funds bought for a fixed period.
Hex Coin (HEX) is said to function using a Proof-of-Work (PoW) protocol, that can be devoid of engagement from miners. The project replaces this with a system that allows the holders to mint new coins for holding HEX for the period set in the agreement/contract.
On the back of major declines, as a consequence of the crypto crash this year, the token’s price has appeared to fluctuate several times and now is on the rise again. For this reason, it is wise to use money that you can afford to lose for the purchase of the coin, as it comes with high risks.
Solana (SOL) is named after a small coastal city in the southern part of California. The token was created by Anatoly Yakovenko and was designed to work similarly with Ethereum (ETH), and perhaps improve on the deficiencies of ETH. It is a fast-growing blockchain, whose SOL token is available for purchase on many major exchanges today. Employing a rather unique combination of Proof-of-Stake and Proof-of-History protocols, Solana provides its users with much quicker transaction speeds, than its fiercest rivals like Cardano (ADA) and Ethereum (ETH). And this comes at only a fraction of the cost.
SOL tokens can be put into use in many different ways due to their dynamism. Trading, peer-to-peer payments, and being able to be used as an incentive to hold down the position of the Solana network as a validator are some of the best use cases here.
As a buyer, you should take note of the fact that the ecosystem is saturated with cryptocurrencies that are quite a high risk in nature. And this is inclusive of the Hex Coin (HEX), Big Eyes Coin (BIG), and Solana (SOL) discussed in this write-up. So you should be willing to accept the possibility of losing funds to the cause, no matter how much faith you have put in these projects.
Big Eyes Coin (BIG);