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Business News | Finding The Next Dogecoin: What Are ICOs In Crypto And Why Big Eyes Coin Might Be The Find Of A Lifetime

New Delhi [India], January 27 (ANI/ATK): An ICO, or initial coin offering, is a fundraiser in which a new cryptocurrency project offers tokens to early investors in return for money. Typically, the fundraising process begins with the preparation of a whitepaper outlining the project’s technical specifications, business plan, and goals.

Tokens can be purchased with either cryptocurrency or fiat cash during an ICO. These tokens are often built on blockchain technology and are meant to be used as a form of payment inside the project’s ecosystem.

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Pre-sale tokens are tokens that are made available to a small set of investors before the actual ICO launch. These coins are often offered at a lower price than the price during the main ICO. Pre-sale tokens can be advantageous to investors since they allow them to acquire tokens at a reduced cost and potentially receive a larger return on investment if the token’s value rises after the main ICO launch. Furthermore, pre-sale tokens might give an early indicator of project demand, thereby increasing the project’s chances of success.

In this article, I will be looking at Big Eyes Coin (BIG), one of the most promising new meme coins undergoing pre-sale as we speak, as well as Dogecoin (DOGE) and Shiba Inu (SHIB).

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Dogecoin: The Original Meme CoinDogecoin is a cryptocurrency that was founded as a joke in 2013 and is based on the popular “Doge” internet meme. Dogecoin was founded by software programmers Billy Markus and Jackson Palmer as a more approachable alternative to Bitcoin, which they considered excessively technical and unapproachable. They chose a popular online meme as the cryptocurrency’s mascot, and Dogecoin soon acquired popularity among internet users.

Dogecoin had no initial coin offering (ICO). Instead of an ICO, Dogecoin started using a method known as “mining,” in which users employ their computer’s computing capacity to solve challenging mathematical problems to validate Dogecoin network transactions.

Shiba Inu: Following Hot On The Heels Of DogecoinShiba Inu (SHIB) is a cryptocurrency that was launched in 2020 and raised funding through an Initial Coin Offering (ICO). The project was launched via a procedure known as “fair launch,” sometimes known as “fair distribution,” in which tokens were distributed using a smart contract without a pre-sale, or any other kind of pre-allocation to the team or developers. By doing this, everybody interested in purchasing the tokens could do so at the same moment and the same price. According to the project’s supporters, the ICO was held to develop a decentralised and equitable token distribution system.

Following its introduction, the token swiftly garnered traction in the crypto community, with some individuals purchasing it as a joke or as a meme-inspired investment. The token’s value skyrocketed in the months that followed, hitting an all-time high in May 2021. However, the token’s price has subsequently fallen.

Big Eyes Coin: The Pre-Sale ChampThe latest and greatest meme coin on the Ethereum network is currently undergoing pre-sale, and it is Big Eyes Coin (BIG). Big Eyes Coin is rapidly growing in popularity at an astounding rate with investors, reaching over USD 17.5 million sold. As one of the few cat-based coins on the market, Big Eyes Coin immediately stands out from the droves of Shiba Inu-based meme coins on the market. Additionally, Big Eyes Coin is BIG on charity! 5 per cent of all tokens are held in a visible charity wallet, and these tokens will be used to donate to ocean conservation charities, to protect marine life.

You need to act quickly though, as the window for Big Eyes Coin’s pre-sale is closing fast. Initially planning to launch in late 2023, the launch was brought forward due to extremely high demand. Whilst Big Eyes Coin is still in pre-sale, you can use the bonus code LAUNCHBIGEYES200 to get a 200 per cent bonus on all of your purchases! That means you can triple your initial investment simply just with this bonus code! Additionally, there is a calculator live on the website where you can find out the projected earnings of your investment if the Big Eyes Coin price increases.

ICOs are a great way to get invested in new cryptocurrencies at a discount price. Big Eyes Coin is a prime example of this, and many investors are seeing this opportunity and pouncing on it! As always, ensure you conduct thorough research for yourself before investing in any asset. Happy investing!

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

This story has been provided by ATK. ANI will not be responsible in any way for the content of this article. (ANI/ATK)

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Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram

“Large internet industry players in China have initiated efforts embracing the Web3 transition,” said Ming Wu, Conflux’s chief technology officer. “Conflux is becoming the major bridge connecting the two worlds and taking a leadership role to expand Web3 technology into traditional industry scenarios.”


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Why Fantom is up 11.8 per cent as Bitcoin price dips just 0.1 per cent

Fantom joins Aptos as one of the shining stars of the cryptocurrency market over the last 24 hours, having jumped 11.8 per cent, with a 117.84 per cent increase in trading volume and £559,205,200 worth of coins traded.

The democratically governed Ethereum alternative has not seen market performance like this since May 2022, when the group launched its Snapsync update.

A recent vote by the Fantom holders to approve a new governance proposal has generated a buzz around the currency.

It will see the coin’s developers earning revenue on gas fees from their contracts, increasing the earning potential of the contract platform.

Integration with blockchain Axelar and the launch of its in-house decentralised vault has also driven up the price, with the latter providing Fantom holders the ability to support improvement and innovation projects on the ecosystem.

In the top tiers of the crypto markets, it was the token of Ethereum scaling tool Polygon MATIC that saw the strongest growth.

Also called Polygon MATIC, the coin is currently the 10th most valuable by market cap, having risen 10.6 per cent in the last 24 hours with an increase in trading volume of 160.06 per cent.

The news comes off the back of a slew of partnerships and announcements, including with Mastercard for a music spotlight initiative built on the Polygon blockchain.

Improvements to throughput, latency and efficiency are also in the near future for the blockchain thanks to the integration of upgrade Recursion, and more improvements are on the way thanks to a hardfork announced earlier this month, all of which is inspiring buyers on the coin in 2023.

Bitcoin has seen a less stellar 24 hours, although far from disastrous.

The leading cryptocurrency has dipped 0.1 per cent since yesterday, currently trading at just below the $23,000 (18586.30) mark with an 18 per cent dip in trading volume over the same period.


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New cryptocurrency institute launched in Türkiye to monitor, develop sector

A new institute has been established in Türkiye to combat recent problems in cryptocurrency exchanges and boost confidence in the sector.

Emrah Inanc, head of the new Crypto Industry Development, Monitoring, and Reporting Institute, told Anadolu that transparency is crucial for the development of the crypto industry.

“We formed our institution and started activities in order to develop the industry and boost confidence in the sector in this period when the sector is going through a difficult period,” Inanc said.

The number of people trading cryptocurrencies in Türkiye as of 2022 was projected at over 8 million, he stressed.

Turkiye is in the top five countries in the world in terms of cryptocurrency investments, Inanc highlighted.

Pointing that a number of Far Eastern cryptocurrency exchanges want to attract customers in Türkiye, Inanc said the lack of regulation and direct regulatory authority has led to inconvenient results.

“We are faced with allegations that some exchanges have blocked customer accounts illegally for financing terrorism and money laundering,” he explained, acknowledging some public problems with the sector.

Inanc stressed that they are ready to periodically and transparently share with all relevant public institutions the shortcomings they have found with the stock markets that have been closely monitored.

He also warned traders about offshore cryptocurrency exchanges, saying: “In order to prevent these illegal practices and irregularities, we will take the necessary steps to block cryptocurrency exchanges, even if they are established in island countries, that cause unlawful transactions, cause victimization, and threaten our citizens and the country’s economy.”

Inanc underlined that all individuals and institutions could send their requests, suggestions, and complaints to the group by filling out the form posted at cexreport.com, AA reports.




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Congressman Hill to ‘make sure’ US is the place for blockchain innovation

The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that “America is the place for innovation in fintech and blockchain.”

Speaking on CNBC’s Squawk Box on Jan. 26, Congressman French Hill offered some of his first insights into what is anticipated for crypto regulations in the country.

The Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, which is chaired by Hill, was put together on Jan. 12 with the remit of “identifying best practices and policies that continue to strengthen diversity and inclusion in the digital asset ecosystem.”

During the interview, Hill said that Bitcoin (BTC) was not quite ready to be a real-time payments industry yet, but added that “we want to make sure that America is the place for innovation in fintech and blockchain is part of that future.”

When asked about the possibility of a spot Bitcoin exchange-traded fund (ETF), Hill commented that the new subcommittee also wants to explore this possibility.

The SEC has repeatedly rejected applications for a spot Bitcoin ETF, including one by the world’s largest crypto asset manager, Grayscale.

Other areas of the subcommittee’s focus will be related to federal privacy law, a stablecoin bill and the ramifications for the securities market, while working with the Senate on the commodity aspect of the crypto industry.

He said crypto trading and exchanges would need to be “overseen” but did not specify which agency would do so.

“All of that is on the table and all of that is going to be a priority this year,” he said.

Related: Next House committee chair reintroduces bill on crypto innovation

The host implied that the Securities and Exchange Commission (SEC) has been dragging its feet, inquiring “as long as Gary Gensler is there, do you see any progress being made?”

Hill said that Gensler was the “cop on the beat” last year claiming to be an expert in this area, adding:

“So we’ll invite him up to Congress to tell us what he knows, what he recommends in this area, and what he was doing last year when we had so many challenges for our investors and consumers.”

The comments and outlook are positive when put into context with the SEC which has been accused by Senators of regulating by enforcement and conducting extrajudicial sweeps on the crypto industry.