The coin market is constantly evolving, with new tokens being introduced almost every day. However, only a few can make the necessary impact. This piece will reveal the crypto tokens set to explode the crypto space – Fantom (FTM), Compound (COMP), and Big Eyes (BIG)
Fantom is one of the most interesting projects you will find in the coin market. Since it was designed to be a direct competitor to Ethereum, it was clear from the beginning that this coin has a lot of potential. At the time of its release, Fantom was touted as a fast and scalable platform that could support decentralized applications with smart contracts. Fantom was designed to focus on the world of DeFi as its developers wanted to create a blockchain similar to Ethereum but able to offer much more. The Ethereum blockchain is designed to rely on a proof-of-stake mechanism. Through this mechanism, developers can maintain operational efficiency between blocks.
Fantom can usually be used effectively because the Asynchronous Byzantine Fault Tolerant network supports a proof-of-stake system. This network will keep the platform safe and ensure everything runs smoothly. Another amazing thing about Fantom is that this blockchain is an open source project. As a result, users and developers can use the code for their own purposes. They can also make important changes to the blockchain. You will also be happy to know that Fantom operates a leaderless system. This means that a transaction does not have to go through a specific channel for validation.
The creation of cryptocurrencies gave birth to decentralized protocols. While this DeFi protocol has many advantages, what is often overlooked is the use of DeFi for banking services. With the release of projects like Compound Finance, the coin market has witnessed the use of blockchain technology for bank-related services. Cryptocurrencies are decentralized money. There is no better way to create a decentralized system than to focus on a blockchain that will allow the free transfer of tokens without having to deal with intermediaries. Compound is a blockchain that supports the borrowing and lending of digital assets. In simple terms, Compound allows users to borrow and lend crypto resources to the network.
COMP is the original token of this blockchain system, and is actively used in the decision-making process to introduce updates and new policy measures. Users are encouraged to lock their digital assets on the platform, while others can try to borrow these locked tokens. It functions similarly to a decentralized bank without a specific control system. There is no preset interest rate when using Compound Finance. Demand and supply forces set interest rates.
Big Eyes (BIG)
Big Eyes is relatively different from other cryptocurrencies on this platform because it does not focus on applications or decentralized finance. However, it is a meme coin with impressive utility. This is a step up in the quality of crypto tokens that have recently been introduced in the meme sector. Big Eyes is one of the newest meme coins introduced in the coin market, and has managed to make a name for itself using a different approach to what we are used to.
An interesting thing to note about Big Eyes is that its development team has developed an excellent utility. They plan to develop a cryptocurrency that relies on the latest NFT standards ad tokens to create a great ecosystem. The developers of this token plan to create NFT support that will enter the largest market and give thousands of dollars in value. They have created a clear roadmap of their plans to achieve their goals, and by 2030 Big Eyes is expected to be one of the biggest coins in the crypto space.
Furthermore, there is a limited supply of crypto tokens – 200 billion BIG tokens. 90% of this total supply will be released to users at launch. If you want to get into this project early, you can participate in its presale.
Always do proper research when dealing with currency and token pre-sales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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