Friday, November 22, 2024
4 °C New York, US

News Anyway

The latest news and views from around the world

cryptocurrency

Sustainability In Algorand and Big Eyes Coin Drives Progress Through Innovation And Charity Work

  • 225 Views
  • 0
Sustainability In Algorand and Big Eyes Coin Drives Progress Through Innovation And Charity Work

Sometimes innovation and improvement can be on each side of the same coin, where a developer takes something that has already been made and elevates it to an entirely new level. Apple did not invent the computer, but now this is one of the leading companies in the tech space. Facebook was not the first social network, but it still managed to stay afloat and dominate the market, albeit not to the extent it used to.

I guess what I am trying to say is that you don’t always have to create everything from scratch to deliver an exciting value proposition that would resonate with the broader audience and offer a breath of fresh air. In today’s editorial, where we will look into two companies, Algorand and Big Eyes Coin, which each, in their own way, contribute to sustainability while balancing innovation and technological progress. Let’s dig in.

Algorand: The Most Sustainable Blockchain

Algorand is a fascinating example of a blockchain that perfectly fits the aforementioned description for carefully balancing progress and innovation. While it builds on the known consensus mechanism Proof-of-Stake (PoS), it also drives electricity consumption to almost zero on a fundamental level. By all accounts, Algorand’s carbon footprint is almost on par with one of the Solana blockchains, making it absolutely minuscule compared to most blockchains on the market. Being a layer-1 protocol, Algorand blockchain offers a lot of promise with small fees, fast transactions and sustainable technology that could drive technological innovation for many years to come. If you are thinking about a greener future, the Algorand project should be on your radar. Stay tuned for more news!

Big Eyes Coin: Not Your Typical Meme Coin

Despite being the new kid on the crypto block, Big Eyes Coin was able to attract a massive community of loyal fans that couldn’t get enough of this beautiful cat. The project is the personification of a medley between innovation and sustainability almost on every front. For starters, it amalgamates two of the most lucrative crypto niches: DeFi and NFTs, under its umbrella. Although both niches have not been doing great recently, there is a good sentiment among the investors that everything is going to return back in the saddle very soon.

By introducing a special NFT tax, where an original seller gets 4% from each subsequent sale, while holders of the platform’s native token, BIG, are being distributed an additional 5%, the project maintains token liquidity and fuels the token’s power. It also incentivises JPEG enthusiasts to sell their favourite NFTs.

However, the project’s devotion to protecting marine life is the cherry on top. According to Big Eyes Coin’s white paper, 5% of its token supply after the project’s launch would be dedicated to the charity of choice voted by the holders of the token BIG. If you think this project resonated with you, be sure to check it out as the presale stage is running out fast and its better to get on board before the price of BIG skyrockets into the stratosphere. Happy trading!

Related Articles