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Big Eyes Coin
Cryptocurrencies can be highly volatile investments, and the recent explosion of Big Eyes Coin (BEC) is no exception. In the last month, the price of BEC has skyrocketed by more than 1,500%, leading to a massive surge in attention from investors. Given its impressive gains, many are wondering if Big Eyes Coin could eventually overtake Dogecoin and Shiba Inu as the dominant crypto asset in the industry.
What Is Big Eyes Coin?
Big Eyes Coin (BEC) is a decentralized, open-source cryptocurrency project that was created in April 2021. BEC is based on the Ethereum blockchain and is designed to be a deflationary asset with a limited supply of tokens. The project’s primary goal is to increase the liquidity of the cryptocurrency market by incentivizing users to hold their tokens for long periods of time.
The project’s unique mechanism for deflationary incentives is based on a “burning” system. Every time a transaction is made, a small percentage of the tokens are “burned”, meaning they are permanently removed from circulation. This serves to reduce the total supply of tokens and increase the value of the remaining tokens.
Why Is Big Eyes Coin Booming?
Big Eyes Coin has experienced an unprecedented surge in value and attention in the past month. This can be attributed to several factors…
