Meme coins may have started as a joke, but now, people are currently investing heavily in them because of their potential returns. While some will argue that meme coins have no value and are nothing but shitcoins, others firmly believe they will make them millionaires. It is no surprise that the latter group of people hold these opinions because we have all seen how people invested tens of dollars and made thousands. However, does this value spike make meme coins good investment assets? No, not necessarily, it doesn’t. One of the ways to know a good asset is through research, and an excellent place to start is a token’s tokenomics. Let’s look at the tokenomics of two meme coins: Shiba Inu (SHIB), and the new meme coin on the block, Big Eyes Coin (BIG).
Shiba Inu (SHIB): A Giant Meme Coin
Shiba Inu popularly refers to itself as the Dogecoin killer, due to its position to challenge the pioneer meme coin. Shiba Inu was the name of the Japanese breed dog used on many meme coins, including Dogecoin. However, these meme tokens differ from one another and have modified the way their design looks. So, naming the meme coin after the original meme gives the Shiba Inu project a slight upper hand. But does that make Shiba Inu a worthy competitor of Dogecoin? Far from it.
Shiba Inu is different from Dogecoin based on its design and tokenomics. Dogecoin is more like Bitcoin, while Shiba Inu is more like Ethereum. Why this comparison? Bitcoin is devoid of intelligent contracts features, while Ethereum is smart contracts compatible. As Shiba Inu is designed on the Ethereum blockchain, it can work with smart contracts.
Another thing that makes the Shiba Inu token, SHIB, different is its tokenomics. Unlike Dogecoin, which is inflationary, Shiba Inu is deflationary. But can it deflate with a total token supply of 1 quadrillion?
Initially, 50% of its tokens were locked on Uniswap, and 50% was sent to the wallet address of Vitalik Buterin, the co-founder of Ethereum. However, people questioned the decentralization of SHIB. Not long after, Buterin burnt about 40% of the token and sent about 66 trillion SHIB to India Covid Relief Fund.
However, we can’t say what moves Shiba Inu will take from here, considering it also has two supporting utility tokens in the Shiba Inu ecosystem, LEASH, and BONE.
Big Eyes Coin (BIG): A New Cat On The Block
Big Eyes Coin (BIG) is an ERC-20 meme token that supports the Big Eyes project. The token is meant to serve as a form of community membership. It can also be used for governance and purchases within the Big Eyes ecosystem. Before we talk more about the token, let’s quickly look at what Big Eyes entails, including the varied reviews on Youtube that can be found by clicking below.
Big Eyes is a cat-themed meme project building a crypto cat home and striving to improve the world. Its goals revolve around onboarding cat lovers into the crypto world and creating a safe space. The onboarding process has been outlined in its product roadmap and would involve meme wars, educational content, virtual and physical web3/NFT events, community spaces, and many more.
Big Eyes also knows that making the world a better place can not be done in isolation. So, they are working with charity organizations to assist with their goals. They would allocate 5% of their token supply to a charity wallet, which will help with donations. Their major aim is the conservation of our planet’s oceans, preserving the fish supplies for generations to come.
Big Eyes has unique tokenomics that vary from most other meme coins. Other tokenomics usually charge transaction fees which they claim will help them sustain the value of their token. They also allocate funds to developers. However, Big Eyes Coin tokenomics differs. There will be no taxes on transactions, and neither will any percentage of sales fund their teams. However, it will lock 20% of its total token supply for two years to provide liquidity.
There are also other things to learn about the tokenomics of Big Eyes, which we have not discussed, which can be found in the links at the bottom of this article. To join the growing Big Eyes community, get ready for the Black Friday special offer by clicking here, and using code BLACKFRIDAY50 (goes live on Friday the 25th)!
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL
