With massive success in presale, Big Eyes Coin motions to channel into the acquisition of resources to enable its operation on popular NFT platforms: Solana and Pancakeswap.
The advent of Non-fungible tokens (NFTs) has prompted the need for top crypto players Pancakeswap and Solana to move for the establishment of their respective native NFT trading platforms, which easily met success and garnered much-needed popularity. Accordingly to sources, this was mainly because Pancakeswap and Solana already have millions of active users.
Big Eyes Coin (BIG) is banking on these positive track records as it brings BIG to lead Solana and Pancakeswap's NFT world.
Let's take a look at Pancakeswap (CAKE) and Solana (SOL) and what their NFT markets hold for Big Eyes Coin.
PancakeSwap is a decentralized exchange (DEX) running on the Binance Smart Chain (BSC) that allows users to trade cryptocurrencies and NFTs (non-fungible tokens) in a trustless and decentralized manner.
It uses an automated market maker (AMM) model, where users provide liquidity to the platform and earn rewards in the form of transaction fees. PancakeSwap has become popular due to its low transaction fees, fast transaction times, and user-friendly interface.
Since its launch in September 2020, Pancakeswap (CAKE) has grown in popularity, with a vibrant community behind it. It has adopted a community-driven system of governance in which token holders get to make decisions on how the platform functions.
With a firm stance in cryptocurrency, the PancakeSwap NFT market boomed quite early, hosting some of the largest NFT sales and attracting top artists and collectors. PancakeSwap NFTs have also been featured in high-profile art exhibitions and sales.
CAKE serves as a governance token that allows holders to participate in the decision-making process of the platform and receive a portion of the transaction fees generated by PancakeSwap. CAKE is also used as a staking token, with holders earning rewards for providing liquidity to the platform.
The value of CAKE is tied to the success and growth of PancakeSwap, making it an important asset for users who want to participate in the platform's growth and governance.
As of today, Pancakeswap remains Binance's leading DeFi with over 2.8 million users and $9.9 billion in total value locked (TVL); it is inevitable for its NFT markets to be anything less.
Solana (SOL) is a high-performance blockchain platform designed to support decentralized applications and digital assets. It uses a consensus mechanism called 'Proof of Stake' and can process up to 65,000 transactions per second. Solana's main goal is to provide a scalable and efficient blockchain infrastructure for decentralized finance (DeFi) and non-fungible token (NFT) applications.
Solana's high scalability, low latency and significantly lower gas fees enable real-time transactions and set it as a promising choice for an NFT marketplace focused on speed and reliability.
Solana blockchain's native currency is the Solana token (SOL). It is used as the base currency for paying gas fees, staking, and participating in governance decisions.
Solana (SOL) also serves as a store of value and can be traded on various cryptocurrency exchanges.
Holders of SOL can participate in Solana's consensus mechanism, Proof of Stake, by staking their tokens and earning rewards for helping to secure the network. Additionally, SOL holders can also participate in governance decisions by voting on proposals that affect the future development of the Solana (SOL) ecosystem.
SOL is a central component of the Solana blockchain, playing a key role in its security, governance, and economics.
Big steps like this is what earned Big Eyes Coin (BIG) a jaw-dropping $23 million in presale. And now, the developers are taking the same energy, dedication and proceeds into Pancakswap and Solana communities through their respective NFT marketplaces.
Entering PancakeSwap and Solana NFT domains has several potential benefits for Big Eyes Coin(BIG), its holders and investors, with benefits ranging from increased liquidity, wider following and higher adoption rates. This is mainly because the NFT market is evolving with diverse use cases, and only coins with outstanding utilities, such as Big Eye's cat-like themes, will stand out from the pack in the crypto market.
Big Eyes Coin (BIG) will gain wider exposure and increased awareness which will shoot the demand for the token and, by extension, foster improvements in token pricing and liquidity.
These improvements will strengthen Big Eyes Coin (BIG) security and reliability, reducing the risk of fraud and hacking compared to centralized exchanges.
Big Eyes Coin (BIG) is evolving fast, but it's not too late to get in. Hop in now.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.