Shiba Inu, Aave and Big Eyes Coin – Leading Cryptocurrencies That Have the Best Communities

Shiba Inu, Aave and Big Eyes Coin – Leading Cryptocurrencies That Have the Best Communities

The vitality of any cryptocurrency depends on several factors, including viability, scalability, and, most importantly, community. Therefore, community-driven cryptos such as Big Eyes Coin (BIG), Aave (AAVE), and Shiba Inu (SHIBA) could withstand the challenges in the industry.

Members of the community contribute to various projects ranging from marine to DeFi. In return, they receive rewards of more digital assets like tokens and NFTs.

Consequently, these three cryptocurrencies are also considered among the best in terms of profitable returns.

Big Eyes Coin (BIG)

Big Eyes (BIG) enters the cryptocurrency market with a particular goal – to safeguard the world's oceans. The basis of this appealing charitable idea is the Big Eyes mascot, an irresistibly cute Cat who believes that we must protect aquatic life for it to have enough fish to eat.

Therefore, 5% of the token supply will be held in the project's charity wallet dedicated to protecting ocean marine life. Also, 1% tax from resold NFTs will go to the favorite charity of BIG token holders.

The choice of the cute cat mascot was due to its aim to outperform the overly-abundant dog-themed meme coins while imbibing the unique characteristics of the cat – active, social, self-grooming, and hard to kill.

Furthermore, the Big Eyes team recognizes that having a robust and spirited community dictates that incentives should be in place. Consequently, the novel project seeks to become a widely used community-led token and create wealth for its community through NFTs and the DeFi ecosystem.

It aims to be among the top ten NFT initiatives in the cryptocurrency industry. It will create an exclusive NFT club – NFT Sushi Crew – for NFT holders on the platform. Club members will be privy to special NFT events, rewards, and the best NFTs available.

Additionally, Big Eyes plans to launch the popular DeFi protocol, Uniswap, with free BIG token swaps and transfers for its community.

These incentives would make the BIG token more accessible and generally create a wider audience for the project.

Aave (AAVE)

Aave is a decentralized lending protocol that allows users to lend, borrow, and earn rewards on crypto assets.

Its lending pool, one of the most diverse, enables users to borrow from different cryptocurrencies like ETH, MANA, and DAI.

However, borrowers must provide equal value collateral to the amount they wish to borrow – the collateral can also be in a different cryptocurrency. On the other hand, lenders earn interest for lending their crypto assets to the lending pool.

The innovative loan system adopted a full DAO model where holders of the AAVE token receive incentives for safely upholding and developing the platform through voting and staking their crypto assets.

AAVE holders also take on the risks of the protocol, propose, and vote on various proposals in the community. In return, they enjoy lower gas fees per transaction and less interest on borrowing.

Shiba Inu (SHIB)

Shiba Inu (SHIB), the second most popular meme coin, is much like Dogecoin (DOGE). However, its utility is expanding to accommodate real-life features giving it the moniker 'Dogecoin Killer.'

Due to its susceptibility to price swings, Shiba Inu aims to outgrow its present identity as a mere meme coin using the strength of its community.

Its most recent move is the SHIB Metaverse – an immersive reality where all the tokens, SHIB, LEASH, BONE, and SHIBOSHIS, will play significant roles.

Also, Shiba Inu has increased its importance as a payment token. Flexa recently joined the list of merchants who accept the Shiba Inu coin (SHIB) as a means of payment.

Users can purchase Shiba Inu tokens (SHIB) in the ShibaSwap – its native cryptocurrency exchange – and other exchanges like Coinbase and KuCoin.

Food For Thought

Cryptocurrencies benefit directly from enabling individuals worldwide to collaborate and form communities, which promotes diversity and development.

Big Eyes Coin (BIG), Aave (AAVE), and Shiba Inu (SHIB) are among the top cryptocurrencies that could benefit from being community-driven in the long term.

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.

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