The worth of crypto powerhouses like Aave (AAVE) and Polkadot (DOT) has been established in the market as a result of the great features that they offer. On the other hand, new crypto businesses and innovations inevitably result in new competitors for those already existing crypto businesses.
Big Eyes Coin (BIG), a new meme coin, might quickly become the most popular cryptocurrency. Please continue reading to get further information about these cryptocurrencies, as well as the exceptional properties possessed by each of them.
Aave (AAVE) The Peer to Peer Lending Platform
Aave was founded by Stani Kulechov in May 2017 under ETHLend, a blockchain peer-to-peer lending platform to create a secure and accessible framework for decentralized finance. On November 25th, 2017, ETHLend held an initial coin offering and raised $16.5 million (ICO). Kulechov, Aave’s CEO, is responsible for the company’s inclusion in PWC’s top 50 blockchain ventures.
Investment firms like Three Arrows Capital, Framework Ventures, ParaFi Capital, and DTC Capital have faith in Aave, a London-based tech startup. ETHLend rebranded as Aave and added new features in September 2018. In January 2020, the Aave protocol was officially released, marking the beginning of the protocol’s shift from Microstaking to a liquidity pool design.
The Aave protocol allows users to lend and borrow cryptocurrency assets. Borrowers can donate their digital assets to liquidity pools connected to smart contracts on the Ethereum blockchain if they use the Aave platform, which is built on a concept similar to that of a liquidity pool and functions in accordance with this framework. When users deposit tokens, they are rewarded with aTokens, assets that can be exchanged for the original token plus interest.
When applying for a loan, a borrower may use cryptocurrency as collateral. As of now, more than $4.73 billion may be found in Aave’s liquidity protocol. There are just over 12.4 million AAVE tokens in circulation out of a total supply of 16 million.
Polkadot (DOT) The Open Source Blockchain
Polkadot (DOT) is an open-source blockchain network that promotes blockchain interoperability and two-way communication. In order to achieve this goal, it allows for data and transactions to be reliably communicated between different chains in an uninterruptible manner.
Polkadot (DOT) is one of the most prominent cryptocurrencies in 2022, with a market worth of almost $9 billion and a position of eleven on CoinMarketCap.
Its purpose is to connect existing and future networks, including public and permissionless ones, as well as oracles, private and consortium chains, and even technologies that haven’t even been invented. Utilizing the Polkadot relay chain makes possible a decentralized internet wherein data and transactions may be sent between many blockchains without centralized verification.
Big Eyes Coin (BIG)
The Big Eyes Coin ecosystem adopts a feline mascot to symbolize a quirky but lovable character. Big Eyes Coin’s goal is to highlight the value of friendship. Big Eyes Coin does not subscribe to the idea that blockchain technology and decentralized monetary systems may flourish in the dark.
Neither of these goals can be achieved without open communication and sharing relevant information. To move forward, Big Eyes Coin believes that these issues should be discussed openly. BIG is the name of its currency used within the network.
Big Eyes Coin’s top priorities are protecting the environment and increasing income for customers or members. Ninety percent of all Big Eyes Coin (BIG) tokens will be issued shortly after the token’s issuance, demonstrating the community’s dedication to its members. Transactions involving Big Eyes Coin tokens are not taxable.
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