Shiba Inu Coin, Big Eyes Space Crumbling to Toon Finance and Doge

Toon Finance Smashing Through Big Eyes Space Presale & Shiba Inu Coin

Why Toon Finance Protocol Crushes Big Eyes Space

Toon Finance is disrupting the defi space with their moonshot presale project that just recently started presale for the open public this last friday. Decentralized Finance a world amongst worlds.

Toon Finance has been the talk of the town, exploding online. On several occasions Toon Finance has been outranking SHIB, DOGE, and BIG on news and media outlets all over the world.

Defi has been exploding all over the world over the past 2 years with coins like Hogecoin, Safemoon, TamaDoge, Big Eyes, Shiba inu, Doge and of course we have all been hearing about Toon Finance all week long as journalists all over the world continue covering the most up to date news on the presale, and the new DEX swap which will include some Play to earn gaming and a set of 10,000 unique NFTs.

Shiba Inu is that little cat coin that was known for handing over almost half of the tokens to Ethereum’s Co-founder Volatik Buterin. Volatik Buterin is well known for his role in co-founding ethereum which is a very popular decentralized network that we should all have access to.

Ethereum and web3 are the future of our world as we know it. With so much going on in the world around us, how are we going to keep up with the next Gem? Well, thanks to journalists all over the world we have been learning more and more about crypto and how decentralized finance works.


Decentralized Finance Explained

You may have heard the term “decentralized finance” or “DeFi” being thrown around a lot lately. But what exactly is it? In short, decentralized finance is a movement that’s sweeping the cryptocurrency world that’s focused on creating financial protocols and applications that run on a blockchain. By doing so, these applications are able to offer users a number of advantages over traditional centralized finance (CEF) options. In this blog post, we’ll explore decentralized finance in more depth and discuss some of the most popular protocols and applications that are currently available.

What is Decentralized Finance?

As we mentioned above, decentralized finance is a movement that focuses on creating financial protocols and applications that run on a blockchain. The goal of DeFi is to create an open financial system that’s available to everyone, regardless of geography or economic status. By running on a blockchain, these protocols and applications are able to offer users a number of advantages over traditional centralized finance options.

Most popular advantages of DeFi protocols and applications include:

  • Reduced counterparty risk: When you use a traditional financial institution like a bank, you’re entrusting them with your money.

This means that if they were to ever go out of business or suffer from fraud/mismanagement, you could lose all of your money. With DeFi protocols and applications, however, your funds are instead stored on the blockchain.

This not only makes them more secure (since blockchains are immutable), but it also means that you don’t have to rely on any central authority to access your funds.

  • Increased transparency: Traditional financial institutions often operate behind closed doors, which can make it difficult to know what’s really going on with your money. With DeFi protocols and applications, however, all data is stored on the blockchain and is therefore publically accessible. This increased transparency can help to build trust between users and developers, as well as help to prevent fraud and mismanagement.
  • Improved accessibility: One of the biggest barriers to entry for traditional financial institutions is the requirement for KYC (know your customer) compliance. This can be especially difficult for those in developing nations who may not have access to the necessary documents or ID cards. However, since DeFi protocols and applications run on the blockchain, they can be accessed by anyone with an internet connection—regardless of location or economic status.

 

  • Higher yields: One of the most popular advantages of DeFi protocols is the ability to earn higher yields than what’s typically offered by traditional financial institutions. This is made possible by the fact that many DeFi protocols allow users to deposit their crypto assets into a pool in order to earn interest on them. The interest rates offered by these pools are often much higher than what’s offered by traditional CEF options like savings accounts or CDs.

Decentralized finance has the potential to completely revolutionize the way we think about and use financial services. By running on a blockchain, DeFi protocols and applications offer users a number of advantages over traditional CEF options—including increased security, transparency, accessibility, and yield potential. If you’re looking for an alternative to traditional financial institutions, then decentralized finance might be right for you!

Now that we got that out of the way let’s hear more about Shiba Inu and these other moonrocket meme coins.

Shiba Inu coin is a cryptocurrency that was created with the Dogecoin fork in August 2020. It has since become one of the most popular cryptocurrencies, with a market capitalization of over $6 billion as of May 2021. But who are the people behind this successful project? Let’s take a look.

Shiba Inu was founded by a group of anonymous developers who go by the names “Ryoshi” and “Akito.” Not much is known about these developers, except that they are based in Japan and have a passion for memes (which is evident in the Shiba Inu coin’s logo and branding).

The Shiba Inu coin was created as a fork of Dogecoin, which itself was created as a parody of Bitcoin. However, unlike Dogecoin, which has remained relatively niche, Shiba Inu coin has seen explosive growth since its launch.

This is due in part to its aggressive marketing campaign (which included giving away millions of dollars worth of the currency to celebrities like Elon Musk and Mark Cuban) and its unique selling proposition: that it is the “anti-Bitcoin” and will be used to “troll” Bitcoin investors.

whatever that means). Whatever the reason, there’s no denying that Shiba Inu coin is one of the hottest cryptocurrencies on the market right now. And with a current market capitalization of over $6 billion, it doesn’t look like its popularity is going to wane anytime soon.

Shiba Inu coin is one of the most popular cryptocurrencies on the market, with a market capitalization of over $6 billion. It was founded by a group of anonymous developers who go by the names “Ryoshi” and “Akito.” The Shiba Inu coin was created as a fork of Dogecoin, which itself was created as a parody of Bitcoin. However, unlike Dogecoin, which has remained relatively niche, Shiba Inu coin has seen explosive growth since its launch.

This is due in part to its aggressive marketing campaign (which included giving away millions of dollars worth of the currency to celebrities like Elon Musk and Mark Cuban) and its unique selling proposition: that it is the “anti-Bitcoin” and will be used to “troll” Bitcoin investors. Whatever the reason, there’s no denying that Shiba Inu coin is one of the hottest cryptocurrencies on the market right now.

The issue for quite some time now is that these meme coins like SHIB are not moving forward like projects such as Toon Finance. Toon Finance has a vision and a goal according to their website which wants to bring the disrupted defi community together. There has been an ongoing problem where users are spread thin with no transparency and resources. The world would be a much easier place if we could do everything in one spot so to speak, a one stop shop ya know?

Toon Finance Coin & Big Eyes Coin Live

Toon Finance plans to be the pancake swap version for the Ethereum platform, with so much to offer from P2E options, staking, swapping, trading, you name it. Toon Finance is listed here on CoinMarketCap where you can find accurate and true up to date information on the project. They have a lot of articles about them on the platform as well.

Toon Finance was also recently added to crypto.com under the ICO section of their website.

Toon Finance is already soon to enter the second phase of their ico presale with plans to raise over 30 million USD.

Cryptocurrency experts are saying that Toon Finance will surpass DOGE and SHIB in the upcoming battle. So where will this leave this old game of cat and doge?

Toon Finance Presale

So far so good with over 1 million raised in just under a week of launching the presale. Get out the way Big Eyes and Shiba inu token there happens to be a cuter and more dominant project in town with over 100 toony characters to choose from the ToonyVerse.

The Toon Finance team announced that they will be doing an airdrop giveaway where the first 1,000 users who join the toon army will be given the first 1,000 NFTs.

Stay Tooned as Toon Finance enters the 2nd phase of there presale soon so get in while the getting is good as they say because ToonFi is raising hype and a lot of attention fast amongst the defi space.

Dogecoin & Big Eyes Fans Flock to Toon Finance

In late 2013, Jackson Palmer, a member of Adobe’s marketing team in Sydney, Australia, bought the domain dogecoin.com with the intention of creating a cryptocurrency that would be more fun and accessible than Bitcoin. Inspired by an internet meme featuring a Shiba Inu dog, he chose Doge as the coin’s mascot and designed it to have a faster transaction time and unlimited supply. Dogecoin was officially launched on December 6, 2013.

While Dogecoin was created as a joke, it quickly gained a devoted following online. In January 2014, Dogecoin reached a capitalization of $60 million. The coin’s popularity has ebbed and flowed over the years, but it remains one of the most well-known cryptocurrencies. Let’s take a look at the history of Dogecoin and what its future might hold.

How Dogecoin Began & Toon Finance Takeover

As mentioned earlier, Dogecoin was created as a parody of Bitcoin in December 2013. The coin’s creator, Jackson Palmer, has said that he wanted to distance himself from the “get rich quick” attitude that he saw as prevalent in the cryptocurrency community at the time. To that end, he decided to create a coin with a more light-hearted approach.

Dogecoin experienced rapid growth in its early days due largely to its active online community. In January 2014, just one month after launch, Dogecoin reached a capitalization of $60 million. That same month, members of the Dogecoin community raised $50,000 worth of Dogecoins to sponsor NASCAR driver Josh Wise.

The Price of Dogecoin Drops – Then Rebounds

In July 2014, China’s central bank banned financial institutions from handling Bitcoin transactions. This had a knock-on effect on all cryptocurrencies and their prices tanked accordingly. The price of Dogecoin fell from $0.00026 in mid-July to $0.000065 by early August—a drop of 75%. However, by the end of 2015, the price had recovered and was once again trading above $0.00026.

CoinMarketCap Price Data DOGE

Dogecoin Price Prediction October

While the price of Bitcoin and other cryptocurrencies has surged in recent months, reaching all-time highs, the price of Dogecoin has lagged behind. Currently trading at around $0.058 per coin, it remains well below its January 2018 peak of $0.017 per coin—though given the current state of affairs in the cryptocurrency world, it could easily rebound in value again soon enough.

Dogecoin started out as a joke but quickly garnered a devoted following online thanks to its friendly mascot and active community. While its price has fluctuated over the years—and currently sits well below its all-time high—it remains one of the most well-known cryptocurrencies around. Who knows? If Bitcoin keeps rising in value, we could see Dogecoin make another comeback soon enough.

Big Eyes Coin & Toon Finance Protocol Presale Live

It is time to buy BIG or is it just a bunch of buzz? The new coin created by the Big Eyes Collective has already generated a lot of hype in the defi space. We think Toon Finance Protocol Coin has a lot more potential going forward.

In order to determine if BIG is a serious challenge to DOGE-SHIB, we must first look at the current market cap of BIG.

BIG is currently in the process of presale. They have not released much information at all about  the project. It is currently in the 6th stage of its presale. BIG is available for purchase in presale. If I were you I would make sure to do some research. BIG has a total supply of 200 billion BIG.

 

Toon Finance Protocol | Telegram | CoinMarketCap | Toon Finance Coin Presale