The Big Eyes [$BIG] token presale raised an alleged $33.5-million in funding from crypto traders. Those investors saw a huge token value increase in the first few days following its launch on public exchanges — Uniswap, Poloniex, OKXWallet, LBank, and BIG SWAP. However, just after those glory days things took an abrupt crash.
The Big Eyes token reached an All-Time High of US$0.00005932 on its launch day. That was the listing price the token was set up for on the various crypto exchanges.
Big eyes Token Crashed, Losing Nearly 100% of Value
However, just after the $BIG token became available to public crypto trading markets, the worst case scenario happened. Various crypto traders began selling off their ‘bag’ making the fresh ERC-20 token plummet in value. The value of the $BIG token today, less than 1 month after launch is US$0.00001152. This is a ~90% loss of value, crushing the value of investor’s wallets who failed to do their research.
Why did Big Eyes Token Crash?
Some say the fall is because there was a ‘rug pull.’ If not familiar, this is a scam when a token founder, which usually lacks verification by brands like AssuredDefi or KYC services, was holding a massive supply of tokens throughout the ICO process. During the Initial Coin Offering, a token has no value, so it affects no one. Upon the listing of a token on a public crypto exchange, that founder sells off their ‘massive’ share of tokens which only have value due to investor’s funding which becomes the cryptocurrency’s liquidity pool.
However, the BIG token also could have crashed due to a poor limitation on ‘crypto whales.’ If a cryptocurrency has no maximum on what users can purchase during a presale, one person can buy a controlling share of tokens to influence others into buying. Once listed, that Big Eyes whale(s) could sell off their share of tokens, causing a huge drop in the token’s liquidity pool and overall value.
Traders Failed To DYOR on $BIG
Either way, the real problem with the Big Eyes token was beyond both of these reasons. Traders should ‘DYOR’ or Do Your Own Research with each brand before investing.
Most new memecoins have no actual utility or crypto product(s) to create a future demand. To expect a new token to continually grow in value, that token needs to have a product that makes the digital currency be used daily and build consumer habits that require them to use the $BIG memecoin.
Crypto Investors Should Have Bought Into Golden Inu Presale Instead — Here’s Why
With that in mind, in comes 2023’s Underdog of the memecoin world. The “Shiba Inu Killer,” a token founded by a former $SHIB token bag holder, is a token for the people by the people’s champion.
Though it’s only raised ~US$100,000 in its presale and lacks some of the hype of Big Eyes, there should be far more discussion and investment into Golden Inu ecosystem — if traders are serious about investing.
2 Tokens, 1 Community — Crypto’s 1st Dual-chain Ecosystem
The first crypto ecosystem that will run off dual-blockchain ideologies, the second of two tokens is almost live on Uniswap. But first, it must finish its presale.
The $Golden presale, which is expected to net up to 10,000% ROI by some crypto experts, will close in just 10 days. To date over 3-Quadrillion of 6-Quadrillion tokens have been bought by crypto investors. Users have traded in nearly 60 $ETH to buy the majority supply, with most investors being ‘crypto shrimp’ interested in the Golden Inu ecosystem.
Crypto Products Released Before Initial Coin Offering Ends
Golden Inu has already launched two applications to date. The first was the ‘$Golden Quest’, a job opportunity platform for professionals with web3 and marketing talents. It was launched through collaboration with “QuestN” technologies, who publicly verifies transactions being done with a part of the professionals working on the Golden Inu ecosystem.
The 2nd crypto product launched, the $Golden Dashboard, is a tokenomics application. It helps novice to expert users easily understand token data and branding points, along with discovering the latest news mentions about the crypto.
Currently, a 3rd and more innovative crypto product is getting closer to release. The new play-to-earn game, $Golden Inuverse, has just opened its doors to the public for registration [available here]. This will be a solo or multiplayer, HiFi, 3-Dimensional adventure game that allows users globally to compete while exploring a web3 metaverse.
dApps and Web3 Apps Adds Long-Term Value To Golden Inu
The $Golden Inuverse P2E game and Job platform, $Golden Quest, will give the Golden Inu token long-term use. And these are not ‘promises of what is to come’ like Shiba Inu’s been doing for nearly 3 years now, but instead crypto products that have been delivered in some facet. And these products are available today, before the launch of the $Golden [ERC-20] token on Uniswap.
This ‘proof of future token value’ [POFTV], the crypto products, are something 99.9% of memecoins produced today cannot provide.
Will it guarantee no rugpulls? Are crypto whales unable to influence the tokens?
The simple answer, no one can guarantee that. Even Bitcoin is fallible. Smart money investments swing the value of Bitcoin and even Ethereum, every single day.
However, once a token is on a public exchange and if crypto gamers are gaming on $Golden Inuverse, it makes the Golden Inu token unavoidable to users. Ditto for the ‘$Golden Quest’ job platform.
The $Golden token will have to be used by those attempting to earn money through the Golden Inu ecosystem. Daily transactions will have to take place. There will be buying and selling of the $Golden as long as the dAPP and APP remain relevant.
A simple search on Google for ‘Golden Inu Token,’ then clicking the Google News tab would reveal even more reasons that $BIG bag holders should have invested in $Golden first.
Regardless, time will tell the truth on which investors were smarter.
Golden Inu [ERC-20] presale is closing in on its 3rd of 4 funding rounds. Today it’s at nearly 65% complete in the second round, which offers investors the opportunity to buy $Golden for 20% less than its Uniswap listing price. This means investors will gain +20% on their investment first day, minimum, once listed on the decentralized Exchange.
The presale was just extended by 5 days due to the abrupt notice of WalletConnect to all users worldwide, they must update to version 2.0. This shutdown of v1.0 without forward notice shocked many crypto traders. Users have been finding out they cannot buy $Golden or make any other crypto purchase this week, only after attempting to make a purchase.
The Golden Inu Presale page has already upgraded its integrated technology, so most users are back making transactions. Hence, the 2nd round of the presale rose 5% on Monday, July 3rd.Those that wait for the 3rd round will be able to purchase the tokens for 15% less than Uniswap listing day price. And traders who buy in the 4th and final funding round will get the opportunity to buy in at 10% less than Uniswap listing value.
In layman’s terms, the early bird gets the worm in ICO presales. See the latest on the Golden Inu presale via the cryptocurrency’s official website [view here].
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