Can big eyes unseat Ethereum and Lido DAO as leading crypto platforms?

For a new cryptocurrency like Big Eyes (BIG) to reach its stated goal, the platform must offer greater value and improved innovations that will compete with other leading crypto platforms in the coin market.

Also Big Eyes (BIG) requires a strong community to create an upset in the market, which will attract attention of various crypto traders, users and enthusiasts towards their project.c

In this article, we will examine whether Big Eyes (BIG) really has a chance to unseat the likes of Ethereum (ETH) and Lido DAO (LDO) as leading crypto platforms.

Lido DAO

Lido DAO (LDO) is an Ethereum blockchain liquid staking solution. The platform encourages users to stake Ether (ETH) by participating in multiple on-chain activities with no minimum deposit or by maintaining infrastructure to maximize returns.

The native currency of the platform is LDO, an ERC-20 compliant token. LDO is a utility and governance token used to manage transaction fees and add/remove Lido node operators.

Lido DAO (LDO) has demonstrated its strength in liquidity staking with continuous scalability due to its brand new Proof-of-Stake (PoS) consensus mechanism ever since the Ethereum merger.

Ethereum

The Ethereum (ETH) the platform runs decentralized applications (dApps) and a wide range of decentralized services. The network has been greatly affected by the transition from a Proof-Of-Work (PoW) to a Proof-Of-Stake (PoS) consensus mechanism, known as The Merge.

A key invention of the Ethereum blockchain is the introduction of smart contracts that automatically execute transactions without intermediaries. The platform is secured through Proof-Of-Stake (PoS) consensus mechanism instead of the first use of miners modularly.

The native currency of the platform is called Ether (ETH), which is used to pay gas fees and other transaction fees on the network. Other crypto platforms also use the ERC-20-compliant standard to host their tokens, with over 280 thousand ERC-20-compliant tokens launched so far on the Ethereum (ETH) network.

Ethereum (ETH) stands out as the second largest crypto platform with a market cap of $157.08 billion, according to CoinMarketCap at the time of writing.

Big eyes

Big Eyes (BIG) is not slowing down on its goal to top the cryptocurrency market, as it has proven to be not just a meme coin, but a project with a difference. The new crypto platform was built to compete with the likes of Dogecoin (DOGE), but has gone further to attract interest from key traders and crypto enthusiasts.

The crypto platform has shocked the coin market with its community-driven projects, especially its charity-focused efforts aimed at saving the world’s oceans.

Big Eyes (BIG) surprised observers when it raised over $3.5 billion in its presale. Analysts consider this a good indicator of the project’s acceptance in the market, which could offer token holders high value in return.

The initial token of the platform is called BIG and it is used to incentivize users and community members. Big Eyes (BIG) will also offer zero buy-and-sell taxes and zero transaction fees for its users.

Furthermore, Big Eyes (BIG) will launch an exciting NFT club in phase three of the roadmap, which will see 1% of the tax reserved for charity, with 5% and 4% distributed to holders and original sellers respectively. These incentives will further encourage users to the platform, thereby increasing the influence of the community.

Conclusion

With the various projects and charity programs of Big Eyes (BIG) aiming to bring more traders and investors to the platform, Ethereum (ETH) and Lido DAO (LDO) may be freed from being leading crypto platforms in the coin market.

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