What the first Blockchain-enabled LC means for the future of Dogecoin, Shiba Inu and Big Eyes Coin

by Arthur · April 28, 2023

India’s recent completion of its first blockchain-enabled letter of credit transaction on the Contour Network marks a significant milestone in the digitization of trade finance processes.

The transaction, valued at $3 million by Citibank, is expected to reduce transaction time and client costs, paving the way for more efficient and secure international trade transactions.

This development has also caught the attention of the crypto world, especially crypto communities interested in meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB) and the newest member of the industry, Big Eyes Coin (BIG).

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Dogecoin: The Rise and Fall of the Original Meme Coin?

Dogecoin started as a joke, but has now become one of the most popular cryptocurrencies in the world. Its community-driven approach and the fun and creative nature of the project have attracted millions of investors and traders worldwide.

Dogecoin has also been used to support charitable causes, such as funding clean water projects in developing countries. Despite its success, Dogecoin has faced criticism for lacking a clear plan for use beyond being a fun and creative cryptocurrency.

Shiba Inu: A Dogecoin Copycat?

The Shiba Inu is another meme coin that has gained significant attention recently. Like Dogecoin, the project was created as a joke, but it has since developed a strong community of investors and traders.

The Shiba Inu has also been used for charitable purposes, such as donating to India’s COVID-19 relief fund. However, like Dogecoin, Shiba Inu has also faced criticism for lacking a clear plan of use.

Big Eyes Coin: More than just a Meme Coin?

Big Eyes Coin (BIG) is a sustainable and community-driven meme coin that operates on the Ethereum blockchain using a proof of stake mechanism. Unlike other meme coins, BIG has a simple utility and purpose, making it an attractive investment option for meme coin lovers and investors.

Big Eyes Coin’s purpose includes supporting charitable causes and promoting sustainability efforts. The project also has a creative and fun approach that appeals to the crypto community, similar to Dogecoin and Shiba Inu.

BIG has additional features that make it suitable for long-term scale and can avoid government regulations cracking down on unsustainable token mining. The project is decentralized, which means that no central authority controls it. It is also community-driven, making it less susceptible to manipulation by a few individuals or groups. Big Eyes Coin’s proof of stake mechanism also reduces energy consumption, making it a more environmentally friendly option than other cryptocurrencies that use proof of work.

The Future of Blockchain and the Rise of Big Eyes Coin

India’s recent completion of its first blockchain-enabled letter of credit transaction is a promising development for the crypto industry, especially for emerging cryptocurrencies such as Big Eyes Coin. The transaction’s successful implementation demonstrates the potential of blockchain technology to transform traditional financial processes, making them more efficient and secure.

Big Eyes Coin’s sustainable and community-driven approach, combined with its clear scope of use, makes it a promising investment option for those looking for a long-term investment option. As meme coin season continues, it’s worth keeping an eye on BIG and its potential to compete with Dogecoin and Shiba Inu.