Big Eyes Crypto is a cryptocurrency project that claims to be a decentralized money market protocol that allows users to supply liquidity or borrow crypto assets using interest-bearing tokens as collateral. The project is built on the Cronos chain, a scalable and interoperable EVM-compatible chain that is powered by the Crypto.org chain.
The project aims to provide seamless money market functionalities that address several use cases for its users, such as:
- Investors with excess crypto capital can generate additional interest on their idle assets without actively managing them.
- Traders can borrow crypto assets and capitalize on short-term or long-term financial opportunities like staking or yield farming.
- Users can access cryptocurrencies to participate in IDOs without liquidating their underlying collateral.
The project consists of three core modules: an interest rate mechanism, a liquidation module, and a community insurance module. The interest rate mechanism adapts a variable interest rate model similar to that of money market protocols like Compound. Interest rates are algorithmically determined based on the utilization rate and supply and demand in the lending pools. The liquidation module liquidates undercollateralized borrowing positions and offers a liquidation discount to liquidators to incentivize keeping the system stable. The community insurance module collects a portion of the interest paid by borrowers and uses it to cover any potential losses in the event that undercollateralized loans are not properly liquidated.
The project also has a cat-themed meme coin aspect, as it features a cute cat mascot and uses the ticker BIG. The project describes BIG as a “community token” that’s meant to grow the DeFi ecosystem and advance charitable causes. The project says it will be allocating 5% of the token supply to charitable causes, especially those related to ocean conservation.
The project’s presale included fifteen stages and finished on June 3, 2023. Each stage had separate presale pricing. The project’s token has a total supply of 200 billion tokens, of which 20% are allocated to the team and advisors, 20% to the ecosystem fund, 15% to the liquidity mining program, 15% to the community insurance pool, 10% to the IDO sale, 10% to the private sale, 5% to the public sale, and 5% to the reserve fund.
The project’s token is currently trading at $0.000007 USD with a 24-hour trading volume of $81,889.98 USD. It has a market cap of not available and a circulating supply of not available. It is listed on several exchanges, such as [Gate.io], [Uniswap], [PancakeSwap], and [SushiSwap].
If you are interested in learning more about Big Eyes Crypto and its protocol, you can visit its official website, read its whitepaper, or join its community on [Twitter], [Telegram], or [Discord]. You can also use our web search tool to find more information about Big Eyes Crypto.
