Most investors that enter the cryptocurrency markets aim to become crypto millionaires. These investors pray for bull markets and use price predictions to place bets on various tokens. The cryptocurrency market has been in a bear market for the last seven months and has left some investors liquidated and other hopes dashed. Although it seems like everything is gloomy, there is still hope for these investors to outperform the bear market. This market cycle allows investors to buy the dip and purchase undervalued tokens. This will enable investors to earn outsized returns on the portfolio and get closer to their crypto millionaire dream.
Before investing in any project, it is important for you to research the project thoroughly. This research will give you a better grasp of the fundamentals of the project. Additionally, it will enable you to understand tokenomics and how it affects the token price. Fantom (FTM), PancakeSwap (CAKE), and Big Eyes (BIG EYES) are three cryptocurrency projects that will bring you closer to your crypto millionaire dream. Read below for a summary of each of the projects.
Fantom (FTM) is a smart contract blockchain that utilizes a DAG (Directed Acyclic Graph). It uses its unique consensus algorithm (Lachesis) to provide developers with a suitable platform to develop their projects. Fantom will change how users interact with the DEFI ecosystem as it offers speed and quick settlement in under two seconds. In addition, it supports the building of dApps for various purposes. Fantom was created in 2018, but Mainnet was launched in 2019. The Fantom blockchain was built to offer competition to existing layer 1 blockchains.
The Fantom blockchain offers users cheap fees, higher throughput, and faster settlement times. In addition, Fantom has created the ideal sandbox for developers to build DEFI projects and faster DEFI dApps. Its focus on the DEFI ecosystem ensures that it is able to bring more users into DEFI. The FTM token is used for various purposes, including staking, settlement, governance, and network fees.
PancakeSwap (CAKE) is a decentralized exchange for trading and swapping BEP-20 tokens. BEP-20 tokens are native to the Binance Smart Chain. PancakeSwap uses an Automated Market Maker (AMM) that allows users to swap BEP-20 tokens in liquidity pools controlled by smart contracts. On the protocol, users can earn fees and provide liquidity through farming. PancakeSwap launched in September of 2020 during the pandemic period, also known as “DEFI summer”, in the crypto ecosystem. The liquidity pools are funded by liquidity providers who deposit their tokens in exchange for LP tokens. These LP tokens can be exchanged to redeem deposited tokens and accrued fees.
PancakeSwap LP tokens are FLIP which can be used to farm CAKE and SYRUP tokens. Liquidity providers can stake their tokens on the farm to get the CAKE token. PancakeSwap facilitates the seamless trading of BEP20 tokens on the Binance Smart Chain and rewards liquidity providers with fees. Users can stake CAKE, earn CAKE, and swap CAKE for other tokens on its protocol.
Big Eyes (BIG EYES)
Big Eyes (BIG EYES) is a DEFI community token aiming to increase users’ access to decentralized finance protocols. The project will also funnel liquidity into DEFI using its token, which it will make available to its users. To place the project in the hands of its community, Big Eyes will make 90% of its tokens available at launch. Furthermore, the project will reduce the barrier to entry and allow more users to access DEFI by eliminating all complexities. Big Eyes will also be involved in charity events and outreaches, as 5% of the token’s supply will be held in a charity wallet.
The BIG EYES token plays an important role in the ecosystem and will allow users to get the most out of the DEFI ecosystem. Join the ongoing BIG EYES presale to earn bonuses in any of the presale stages. Also, you can earn bonuses by inviting your friends to purchase BIG EYES tokens. Start stacking those bonuses today!
Big Eyes Coin (BIG)