Toon Finance vs Big Eyes
The world of crypto currency and financial markets are going nuts this week as these two meme coins rally for the top spot. With Toon Finance being on CoinMarketCap already and not to mention they are 1 of 8 ICO presales on Crypto.com as of today’s date.
Toon Finance and Big Eyes are both cute and cuddly little meme coins so which one will race to the top and kick the dust in DOGE’s face? Stay tuned as we explain the pros and cons when purchasing both of these meme coins and whether or not they will leave DOGE and SHIB inu in the dust. So grab a drink and sit down for a while because this is going to be a wild ride.
Toon Finance and Big Eyes raise millions during presale
Have you ever heard of a bull market during a presale frenzy? Neither have I until now. The two top meme coins in the sphere race for the number one spot as they shoot for the moon coming in at a whopping 30 million USD set to raise for ToonFi and a whopping 52 Million USD for Big Eyes. Wow, This is going to be huge for crypto meme lovers. Do you remember when Safemoon almost hit a 1 billion dollar market cap? It is not beyond the realm of reality for these 2 coins to battle it out and go to the moon, we have seen it happen before.
Toon Finance nearly raised 2 million dollars in just one week. That is one fast moving rocket for just having launched their presale one solid week ago. So what is next for the Big Eyes cat and will the pussy hold up against all these cuddly cartoons?
Stick around as Big Eyes nears the end. They claim to have already raised almost half, that is nearly 25 million dollars. Holy cow, so what does the coin actually do other than lure its community members in with those come get me eyes?
If you do a little research like our team of experienced crypto and blockchain experts, you will discover that not only does Big Eyes not really have a utility but they are not coming out with a P2E game which is kind of a bummer. Either way these two meme coins are racing their way to the top as the crypto industry has been shaken up this week with a bull market presale. A bull market presale is when everyone is aping in.
Both Toon Finance and Big Eyes are both on the Ethereum blockchain.
Blog Introduction: In the world of cryptocurrency, an ERC20 token is a type of digital asset that represents a fungible and tradable good. ERC20 tokens are built on the Ethereum blockchain and are compliant with its smart contract standards. This means that any wallet that supports Ethereum can also store ERC20 tokens.
ERC20 tokens have numerous applications. They can be used to represent anything from commodities to loyalty points to project shares. Because they’re built on the Ethereum blockchain, they also benefit from Ethereum’s high level of security.
There are currently over 200,000 ERC20 tokens in existence, with more being created every day. In this blog post, we’ll take a closer look at what ERC20 tokens are and how they work.
What are ERC20 Tokens?
ERC20 tokens are digital assets that are built on the Ethereum blockchain. They comply with a set of standards known as the ERC20 protocol, which defines how these tokens should function within the Ethereum ecosystem.
ERC20 tokens can represent anything that can be traded or exchanged, such as commodities, loyalty points, or project shares. Because they’re built on Ethereum, they inherit all of Ethereum’s properties, including its high level of security.
How do ERC20 Tokens Work?
ERC20 tokens use Ethereum’s smart contract functionality to create a token that can be traded or exchanged. When you create an ERC20 token, you need to specify how many units of the token will be created. Once the token is created, it can be traded on cryptocurrency exchanges or used in other applications.
One of the most popular uses for ERC20 tokens is Initial Coin Offerings (ICOs). ICOs are a way for startups to raise money by selling tokens to investors. These tokens give investors a stake in the company and can be traded or exchanged for other cryptocurrencies.
ERC20 tokens are digital assets that are built on the Ethereum blockchain and comply with its smart contract standards. There are over 200,000 ERC20 tokens in existence, with more being created every day. These tokens have numerous applications and can be used to represent anything that can be traded or exchanged. If you’re looking to get involved in the world of cryptocurrency, investing in ERC20 tokens is a good place to start.
A cryptocurrency presale is when a project sells a portion of their tokens before the ICO (Initial Coin Offering). Often, these sales are only open to private investors and not to the general public. The funds raised in a presale will be used to finance the development of the project and to cover other expenses leading up to the ICO.
In return for their investment, investors will receive tokens that will be tradeable on exchanges once the ICO launches. These tokens give holders a claim on the project’s future success. For example, if a project is successful, the value of its tokens will increase, and holders can cash out their tokens for a profit.
Why Do Projects Hold Presales?
There are a few reasons why projects hold presales. The first reason is to raise funds to finance the development of the project. The second reason is to create buzz and hype around the project. By selling tokens before the ICO, projects can generate interest and excitement that will lead to a successful ICO.
Another reason for holding a presale is to ensure that there is enough demand for the project’s tokens. By selling a portion of the tokens before the ICO, projects can gauge interest and ensure that there is enough demand for all of the tokens that will be sold during the ICO. This helps to avoid any potential problems that could occur if there is not enough demand for the project’s tokens.
Finally, by holding a presale, projects can also sell their tokens at a lower price than they would during the ICO. This is because private investors are often willing to pay more for tokens than the general public. By selling tokens at a lower price during the presale, projects can raise more funds than they would if they sold their tokens at the same price during the ICO.
A cryptocurrency presale is an event where a portion of a project’s tokens are sold to private investors before the ICO. Presales are held in order to raise funds for development and other expenses, create buzz around the project, and ensure there is enough demand for all of the tokens that will be sold during the ICO. If you’re thinking about investing in a project’s presale, make sure you do your research first!
Why Do Cryptocurrency Projects Hold Presales?
In the world of cryptocurrency, a presale is an event that takes place before a project’s Initial Coin Offering (ICO). During a presale, a limited number of tokens are sold to early investors at a discounted price. Presales are a way for projects to raise funds and create buzz around their ICO.
Why Hold a Presale?
There are a few reasons why a project might choose to hold a presale. First, it enables the project to raise funds to support the development of their project. Second, holding a presale creates buzz and anticipation around the ICO. This can help attract more investors to the ICO when it launches. Finally, presales give early investors the chance to get in on the ground floor of a potentially successful project.
What Are the Risks of Investing in a Presale?
There are a few risks associated with investing in cryptocurrency presales. First, there is no guarantee that the project will be successful or that the ICO will launch. Second, even if the ICO does launch, there is no guarantee that the token will increase in value. Finally, early investors may have to wait longer for their tokens to vest than investors who participate in the ICO.
Investing in cryptocurrency presales can be risky but it can also be rewarding. Before investing, do your research and only invest what you can afford to lose. Between the cute Big Eyed cat and Toon Finance I would say that there is plenty of room to make some massive profit returns for those who get in early.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.