Controversial Big Eyes Coin Launches on Uniswap - Is $BIG Crypto a Good Buy?
The long-delayed Big Eyes crypto launch, which began its cat-themed meme coin presale in August 2022, has announced it will go live on Uniswap on June 15th at 4pm UTC+1.
However, holders are required to purchase a $100 ticket to be able to claim and sell their $BIG tokens on Uniswap at the listing time, if they wish to do so. Without buying that early access ticket, presale buyers can't claim their $BIG tokens until 10pm UTC+1.
That led some investors to complain on Twitter that at that point the $BIG price may be below its listing price - many new token ICOs are volatile and experience a ‘pump and dump’ chart pattern. Traders often want to sell the initial price spike to buy back lower, and take partial profit on their position.
The Big Eyes crypto project also faced criticism in the run-up to its launch for allowing late-stage investors to receive bonuses of several hundred percent on their buys.
The Big Eyes presale had fifteen stages the price varying from $0.0001 to the listing price of $0.0006 - a 600% increase, or gains of 500%.
Early investors that locked up their funds for almost a year to benefit from a discount, would have been able to receive the same ROI by entering the presale in recent weeks as a 500% bonus was offered, equivalent to buying at stage one.
Big Eyes token's first centralized exchange (CEX) listing is scheduled for June 16 on Poloniex, a day after Uniswap.
Deposits open at 14:00 UTC and trading starts at 15:00 UTC on Friday, according to the Poloniex website.
Big Eyes also announced their listing will be supported by their own upcoming DEX Big Eyes Swap, and the OKX wallet.
Another criticism some traders have made is that the Big Eyes market cap at launch will be approximately $96 million, with its 200
Read more on cryptonews.com
