Place/Date: - July 11th, 2022 at 8:21 am UTC · 3 min read
Crypto as an asset class has lost more than $2 trillion since its peak in November 2021. With global recession looming, the FED scrambles to get on top of the self-caused soaring inflation, and investor sentiment at all-time lows, the markets look ugly. Economists forecast that this bear market will last at least two years: inflation is here to stay, quantitative tightening will continue, and the markets will continue to bleed. This article features one particular crypto project set to outpace all competitors.
Gnox is a protocol that has drawn significant attention, and several analysts have stated that the GNOX token could potentially do a 50X. Scheduled to launch on the BSC (Binance Smart Chain) later in 2022, this protocol aims at bringing DeFi earnings to the masses and being well suited to novice and advanced crypto investors; the potential for this project seems almost limitless.
Gnox has spearheaded a new earning stratagem where all token holders have to do is hold. Every 30 days, a stablecoin payment will be provided by the protocol’s treasury which earns on behalf of investors, and every 60 minutes, holders receive a distribution of GNOX tokens. Both these revenue streams are facilitated by GNOX’s tokenomics which include buy and sell taxes. The Gnox treasury is a passive income machine waiting to soar. With only the generated yields being swapped into stablecoin, the treasury fund is specifically designed to accrue over time, which will lead to greater stablecoin payouts for investors. When investors discover the value of these stablecoin reflections, expect GNOX to make a violent move to the upside.
BNB is a token close to the hearts of many crypto investors. The native token of the BSC and the utility token of the world’s largest exchange Binance. Not only does Binance do a massive burn of BNB every quarter making this token deflationary, but whenever there is an increase in trading activity, the token appreciates.
With the continued growth of the BSC ecosystem and more and more DApps (decentralised applications) launching each day, this is a token that will continue to grow. Many investors want to know whether BNB has made its most significant gains. Launched via ICO for $0.15 per token and now trading at $217, it seems the opportunity to make life-changing returns in BNB has passed.
Tron is the fourth largest ecosystem within crypto, with a TVL (Total Value Locked) of $4.81 billion at the time of writing. There are more than 100 million unique wallet addresses on the Tron network. It has an astoundingly high throughput average of 2,000 transactions per second, making it faster than most blockchains. It even allows participants free transactions, which has led to its adoption globally, specifically in lower-income countries. With native staking rewards and growing acceptance, TRX represents an excellent investment.