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The Ethereum network boasts the ability to host other coins apart from its official ETH token. Apart from this, there is a ton of DeFi tools and applications that improve trading experiences for users and developers alike. Hence, it’s not surprising that many tokens exist on the blockchain, as they benefit from the broad scope of applications on the network. On the other hand, some tokens with separate blockchains are compatible with Ethereum and (ETH) and their applications. This article briefly analyzes Avalanche (AVAX), UNISWAP (UNI), and Big Eyes Coin(BIG) and how the Ethereum (ETH) network affects them.
Transactions How You Want, When You Want – Avalanche (AVAX)
Like most other crypto networks, Avalanche (AVAX) is an open smart contract platform for DApps. It is similar to Ethereum as it supports several DApps and DeFi tools. It also hosts tokens like stable coins and has an active NFT marketplace.
The Avalanche (AVAX) network uses smart contracts to execute user transactions on the platform. The smart contracts are audited by Solidity, a top smart contract audit programming language in the cryptocurrency market. Solidity is the same programming language used on Ethereum, which means developers from Ethereum can create and use blockchains on Avalanche. These blockchains are called ‘subnets,’ enabling the network to handle numerous transactions simultaneously.
Avalanche’s (AVAX) compatibility with Ethereum allows users to transfer assets via bridges from the Avalanche (AVAX) network to the Ethereum network. This eliminates the need for an intermediate currency, as decentralized exchange wallets support such bridges.
The official token, AVAX, sells for $17.34, according to CoinMarketCap.
Money Back In Your Wallet With UNISWAP (UNI)
UNISWAP (UNI) is the largest decentralized exchange operating on the Ethereum blockchain. It is also one of the most popular exchanges used in the cryptocurrency market, even though it is used primarily when exchanging ERC-20 tokens.
UNISWAP’s official token, UNI, is used primarily by the community for voting on protocol changes. UNISWAP exchanges tokens without using any intermediate coin. Instead, it uses liquidity pools to serve the users’ exchange. Users can contribute to liquidity pools to get rewards from UNISWAP (UNI), depending on the scarcity of such coins. Algorithms set the trading pairs’ prices based on the market’s demand and supply forces.
A significant challenge with Ethereum-based tokens is the high gas fees charged per transaction. UNISWAP (UNI) developers are planning an upgrade to the current protocol that might significantly reduce the network charges.
UNI sells for $6.62 on Crypto.com.
The Only New Name In MemeCoin Culture – Big Eyes (BIG)
New memecoin sensation, Big Eyes (BIG), is also launching on the Ethereum blockchain, no doubt to leverage the abundant DApps on the network. The presale is still ongoing, and it has raised over $3.75 million while it’s only in its third phase.
Big Eyes (BIG) will be receiving a lot of user traction because it is based on the Ethereum blockchain. Because Ethereum is one of the biggest crypto networks in the cryptocurrency market, it has connections with far more DApps than any other network. A significant benefit of launching on Ethereum’s network is the versatility and the number of DeFi tools, applications, and wallets Big Eyes (BIG) is compatible with by default.
In addition to existing on the Ethereum network, Big Eyes (BIG) also has many user-friendly features. Key features include supporting NFTs listing on major decentralized exchanges like UNISWAP (UNI) and PancakeSwap and being a community-oriented platform.
The NFT platform will be officially launched soon, as the whitepaper states the release should occur in the third prelaunch phase. The NFT club will allow users to mint and trade their tokens with other users easily. The developers also promise that all transactions involving NFTs will not be charged to get more users to the platform.
A week ago, the Big Eyes’ (BIG) developers announced they would reward members for their platform support. Ten winners will be selected from a draw in December, and they will share 250,000 tokens, with the first place getting 100,000 tokens. The only condition for eligibility is to hold some BIG tokens at the time of the draw.
Here’s an opportunity to join the Big Eyes (BIG) platform. Book your tokens through this link and get updates from the Big Eyes team.
Use code BIGOCT22 for a 5% bonus when buying coins.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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