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Big Eyes Coin sells four million in presale as meme buzz continues

By Alara Jordan

16:51, 5 October 2022

Big Eyes Digital Coin
Big Eyes Coin has developed an ecosystem that transitions wealth into the decentralised finance ecosystem – Photo: Shutterstock

Big Eyes Coin has gained significant momentum in the past few weeks after the memecoin raised more than $1m in its first week of its token presale. 

The total price raised has currently passed $4.47m in presales, according to its website, which sets out ambition plans as part of the token's future roadmap to become one of the most recognised memecoins . 

The new cryptocurrency has developed an ecosystem that promotes sustainability and moves wealth into the decentralised finance (DeFi) ecosystem, and moves away from the “typical” dog-themed meme coins which the crypto market is familiar with. 

Sustainability key to development

According to Big Eyes’s website, sustainability will play a key part in the cryptocurrency's development, with 5% of their total supply kept in a wallet and then donated to ocean-saving charities.

XRP/USD

0.55 Price
-12.120% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BTC/USD

67,349.90 Price
-4.990% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

BCH/USD

533.60 Price
-13.410% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

DOGE/USD

0.17 Price
-13.250% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

A detailed whitepaper by the firm outlines the firm as a “full-on community token with the express goal of shifting wealth into the DeFi ecosystem and protecting an important part of the world’s ecosystem.

“Big Eyes wants to give more by building a blockchain ecosystem that self-propagates for Hyper growth using NFTs to offer access to more content and events that make the blockchain hypeship well worth boarding.”

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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