Save the Sea With Big Eyes Coin, Solana, and Ethereum! - Gatmash

BIG Donates $1.5M to the Ocean

By now, you’ve probably heard of the top crypto presale coin Big Eyes Coin (BIG). If you’ve been living under a rock, or you’re new to crypto, BIG is another adorable meme coin known for presenting competition for some of the already established ones like Dogecoin and Shiba Inu. The coin has launched and promised numerous benefits from its 200% bonus launch code, to user governance, to its new loot box. But did you know that BIG also dedicates 5% of all investments to its charity wallet? The coin has pledged to regularly donate to charities that aim to protect aquatic life from pollution and harmful fishing, among others. With $29M raised in investments so far, this accounts for almost $1.5M in donations to protect our oceans! It’s also worth mentioning that in addition to 5% of funding donated to charities that help ocean sanctuaries, they have also given $1000 to ACT International. This is also known as the Luna Charity, which is an organization that supports children who have suffered the impact of different tragic events such as violence, war, and natural disasters.

New Treaty Enforced With Blockchain Technology

Blockchain technologies like Solana and Ethereum can transcend beyond the realm of finance. These networks can also track illegal fishing and criminal behavior on the high seas. So far, many organizations have fought to enforce an ethical set of principles, but it has been extremely difficult to police them. This is because, on international waters, there are no laws that govern fishermen. After all, it has been nearly impossible to regulate. This means the government has no control over who does and how much they take. They also believe illegal and unregulated fishing accounts for around $23.5 billion a year! So it’s a serious problem.

Some countries have grouped and negotiated specific regulations for sections of high waters, like rules governing tuna fishing in the Pacific or fish stocks in the Atlantic between Greenland and Europe, but experts state that the existing patchwork makes it too hard to manage biodiversity in international waters. Liz Karan, senior manager for the high seas at the Pew Charitable Trusts, a non-profit organization, mentioned that small Pacific island nations suffer the most from this system. She noted that the EEZs of countries like Kiribati, Nauru, and the Solomon Islands leave gaps for large-scale international fishing vessels to come in.

The solution?

World Wide Fund for Pandas, a conservation organization, suggests that the government should mandate fishermen tag fish with a scannable code that is uploaded to a blockchain ledger. This way businesses and customers can confirm the source of any given tuna for sale at a retailer. This transparency will allow consumers to avoid contributing to an ill-gotten catch. It’s possible that blockchain technology can operate as the means to close these governance gaps.