The primary reason new users are trooping into the Crypto space is for the opportunity to make extra profits. People have identified crypto as an uncharted territory with promise, and they have put their best foot forward, and taken the initiative to invest.
Many users who invest with careful consideration and research have profited from the industry by doubling or even, on some occasions, tripling their profits. For this reason, it is important to observe the characteristics and values of crypto projects before making a purchase as price volatility could spell doom for your portfolio. Some safe bets out in the crypto market right now could be Polkadot (DOT), VeChain (VET), and Big Eyes Coin (BIG).
Polkadot (DOT)
Polkadot (DOT) is an open-source DeFi protocol with one primary goal in mind; interoperability. This Blockchain facilitates ease in communication between many Blockchain networks by serving as a bridge linking them together and providing them with tools and utilities to execute their various commands.
Polkadot (DOT) was founded by Gavin Wood as a Hub and Spoke mechanism with 2 chains; the Relay Chain which serves as the hub, and the various Parachains which serve as the spokes. Parachains get commands from their users, and to effectively transmit these commands to each other, they must first be passed through the central hub or relay chain.
The Polkadot protocol also features the Kusama ecosystem, a testament to Blockchain experimentation. The native token for the Polkadot ecosystem is the DOT coin. This coin serves utility functions throughout the ecosystem, and the resources of the projects go into community building, marketing, software development and improvements, security, and efficiency of the network. Polkadot (DOT) is important because it aims to create an interconnected crypto ecosystem.
VeChain (VET)
VeChain (VET) brings a very cool and interesting use case to Blockchain technology; the ability to monitor the chain of production. It is a supply chain solution that authenticates and tracks goods that travel around the world.
The VeChain protocol helps companies monitor their goods or products through the production chain from manufacturer to the final consumer. This is done to ensure and promote quality assurance.
The VeChain (VET) uses 2 tokens within the ecosystem; the VET coin, which is the primary utility token, and the VTHO, a derivative token used to pay transaction fees to make sure VET does not suffer from volatility.
The consensus mechanism adopted by VeChain (VET) is the Proof-of-Authority (PoA). In this model, VeChain chooses its validators or nodes. To get considered, nodes are expected to have at least 25 million VET coins staked. VeChain has shown to be useful in the production line and is a great example of the way Blockchain can be harnessed even out of financial markets.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a community-driven protocol dedicated to wealth creation, financial growth, and environmental protection. The project has launched its presale which is live now, and it aims at providing new and innovative ways to interact with crypto and DeFi technology.
Big Eyes Coin (BIG) is also dedicated to charity, as is seen through its Save The Oceans charity campaigns. The project aims to protect marine life and habitats. The BIG coin is the native coin for the Big Eyes Coin project, and it offers utility and access to the many features of the Big Eyes ecosystem such as the Big Eyes Swap, and the Big Eyes NFT collection.
The total supply of the coin is 200 billion, with plans to adequately distribute the tokens within the community, and for charity.
Purchasing Big Eyes Coin
- Go to the website, and sign up for purchase.
- Provide your personal information.
- Read and agree to the terms and conditions of the Big Eyes project.
- Click submit and wait for launch.
With many more interesting features and activities listed on the Big Eyes Coin website, it is a project to watch out for as it is set to take the crypto market by storm.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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