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Big Eyes Coin Aims to Shake the Cryptoverse like Crypto Majors

Big Eyes to Triumph Over Ethereum and Solana By Raising $1M in Beta Sale: On Track for $50M

The 2022 bear market has left everyone searching and waiting for the next sound viable token. However, some cryptocurrencies have been showing constant growth in reliability and potential. Among such potential coins is Big Eyes (BIG), a new cryptocurrency offering innovative and practical solutions.

Although Big Eyes (BIG) is yet to launch, the new meme coin has garnered so much attention because of its never-before-seen features. Hence, it has been performing excellently since its move to enter the market.

Big Eyes (BIG) has shown much viability, profitability, reliability, and future growth potential. Here are some reasons we think it might shake the cryptoverse, like Ethereum (ETH) and Algorand (ALGO), the old folks in the game.

Big Eyes The New Coin in Town

Big Eyes (BIG) is a community-based token with plans to shift wealth into the DeFi ecosystem. Stemming from its belief that community tokens are great wealth generators, Big Eyes (BIG) aims to give back to the community by building an ecosystem that self-propagates for high growth.

With the integration of nonfungible tokens (NFTs) into its ecosystem, BIG offers accessibility to more events and content, making more users come on board. Its NFT collections will generate income for its users and increase the token’s worth. To further propagate wealth creation, there will be no payment of taxes or fees on BIG’s ecosystem.

The Big Eyes (BIG) project is based on the concept of a cute cat with big eyes, and some of its attributes are activeness and playfulness. This means that Big Eyes (BIG) is laser-focused on actions that yield good results or profits while also being playful in a way that keeps its community entertained.

Its decentralization will facilitate the full participation of token holders in the ecosystem’s governance. BIG will also give back to its community by creating a charity wallet where 5% of its earnings will be given to any charitable cause.

Upon launching, 200 billion BIG tokens will be made available. To start benefiting from its unique features, you can join the already ongoing presales, where 70% of its tokens are up for purchase.

Ethereum The Second Largest Crypto

Since its launch in 2015, Ethereum (ETH) has been making waves and has become the second largest cryptocurrency by market capitalization. It is a decentralized, open-source crypto platform offering one of the best smart contract functionalities. 

Ethereum (ETH) could be regarded as the bedrock of decentralized applications (dApps), as it facilitates the creation of financial services using cryptocurrencies. It enables lending, borrowing, interest earning, and private transactions without personal data.

Ethereum (ETH) is home to digital assets and a fair financial system. It enables its users to create NFTs that they can sell or lend. The decentralized financial (DeFi) system allows transactions to be conducted anywhere in the world without any intermediary.

Its transition to the proof-of-stake (PoS) will see the performance of transactions at a faster rate and a lower price with a reduction in energy expenditure.

Algorand 

Algorand (ALGO) is the world’s most sustainable and powerful blockchain. This could be attributed to its ability to have achieved scalability, decentralization, and security at very low energy expenditure.

To power future economic models, its ecosystem will be transforming upcoming financial products and protocols. Algorand (ALGO) is an open-source blockchain operating on the PoS system.

With plans for its next big technical update, Algorand (ALGO) aims to facilitate the efficient operation of dApps on low-powered devices, such as smartphones.

Conclusion

Big Eyes (BIG) is set to become one of the coins that will revolutionize the crypto industry, especially the meme industry. Its real-life applications and other enticing features have made crypto enthusiasts keep an eye out for it. As such, it has the potential to shake the cryptoverse just like Ethereum (ETH) and Algorand (ALGO) at its launch.

Join presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/#signup 

Telegram: https://t.me/BIGEYESOFFICIAL 

California Governor Rejected Regulatory Bill Passed By Assembly Lawmakers

On August 30, legislators of the California State Assembly passed a bill on Digital Financial Asset Law. The bill, dubbed AB 2269, reached to Gavin Newsom, Governor of California, for final approval without a single objection by assembly members. The proposed notion required crypto companies to achieve a regulatory license from the Department of Financial::Listen

On August 30, legislators of the California State Assembly passed a bill on Digital Financial Asset Law. The bill, dubbed AB 2269, reached to Gavin Newsom, Governor of California, for final approval without a single objection by assembly members.

The proposed notion required crypto companies to achieve a regulatory license from the Department of Financial Protection and Innovation in order to operate in the regime and suggested applying hefty penalties for crypto platforms that commit prohibited activities.

Interestingly, Gavin Newsom returned the bill without approving it and went on to say that the underscored legislation may prove “ premature and costly.” Newsom instead referred to designing a “more flexible approach” to meet the ever-changing crypto ecosystem needs. 

Related Reading: Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey

Admiring that governments have been struggling to protect users and drive a transparent regulatory framework for the crypto ecosystem, Governor urged the bill in question does not suit the crypto market environment completely. Newsom added in a statement published on Thursday;

Over the last several months, my Administration has conducted extensive research and outreach to gather input on approaches that balance the benefits and risk to consumers, harmonize with federal rules, and incorporate California values such as equity, inclusivity, and environmental protection. It is premature to lock a licensing structure in statute without considering both this work and forthcoming federal actions.

Moreover, he expressed his worries about the need for millions of dollars in loans from the general fund needed in the starting years to establish a regulatory licensing framework. “Such a significant commitment of general fund resources should be considered,” he said

Bitcoin’s price is currently trading below $20,000. | Source: BTCUSD price chart from TradingView.com
Newsom Awaits Comprehensive Regulatory Framework Of Federal Agencies

The governor pointed toward the comprehensive regulatory approach currently being considered by several federal authorities following Biden’s order. Once the federal authorities finalize the analysis and introduce complete rules for the evolving crypto sector, he will then collaborate with California officials to implement a more relative and suitable regulatory framework, per the latest note. 

After six months of research conducted by federal authorities, the White House’s official website published a fact sheet of six core principles on September 16. The facts provide directions to be considered to design complete regulations in the U.S. Alongside the focus on preventing illicit financing, the report also took innovative development growth into account, among other concerns. 

Similarly, the Office of Science and Technology Policy (OSTP) submitted an analysis report to the White House covering the potential 18 design frameworks for United States’ CBDC projects. The experts following the research highlight difficulties and complexity in the practical implementation of building a permissionless system supervised by the central bank. 

Related Reading: Crypto Exchange Binance Unveils New Fee Burn Mechanism For LUNC

The report dubbed “TECHNICAL DESIGN CHOICES FOR A U.S. CENTRAL BANK DIGITAL CURRENCY SYSTEM” reads:

It is possible that the technology underpinning a permissionless approach will improve significantly over time, which might make it more suitable to be used in a CBDC system.

Featured image from Pixabay and chart from tradingView.com

Big Eyes Coin Aims to Shake the Cryptoverse like Crypto Majors

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