Place/Date: - July 7th, 2022 at 8:51 am UTC · 3 min read
Despite market conditions, DeFi (decentralised finance) has continued to evolve, expand, and develop. More market participants utilise the sphere, and its services continue to grow. There are also new players in the sphere seeking to disrupt it; this article features one such new crypto project with plans to outpace two established players.
Gnox is a protocol with plans to disrupt how people invest in DeFi. Specifically, Gnox makes DeFi earning easy. A new type of reflection token that reflects monthly stablecoin payments to its holders, the Gnoxian ecosystem is implementing a Hold to Earn strategy. GNOX holders will be rewarded every 60 minutes with a distribution of GNOX tokens and every 30 days with stablecoin.
Gnox brings DeFi earnings to all investors. Through its treasury, funded by buy and sell taxes, Gnox earns on behalf of its investors. The technical barrier preventing many crypto investors from taking part in DeFi is shattered, and the token could lead to an influx of capital to DeFi. As the stablecoin payouts from the treasury grow, the desirability for GNOX will naturally rise, creating a positive feedback loop, with more capital accruing in the treasury, increasing reflections, further increasing the desirability of GNOX. The growth potential is certainly present within this unique protocol.
One of the best layer one projects on the market. The Opera network, with its rapid and low-cost transactions powered by its DAG (Directed Acyclic Graph), has quickly placed it in investors’ hearts. The Fantom Incentive Programme saw a massive inflow of developers and Dapps (decentralised applications) to the network, with the developers offering 370 million FTM to successful developers who managed to meet certain liquidity thresholds with their Dapps. This has created an environment where organic growth and sustainability thrive.
FTM suffered a huge retracement, but this is a token famous for its volatility. Trading near $0.25, many investors continue to accumulate FTM, which will undoubtedly benefit from the continued growth of DeFi.
BNB the native coin for the Binance Smart Chain (BSC), the second-largest ecosystem after Ethereum. BNB has made plenty of investors incredibly wealthy, currently trading at $213; it launched onto the market at $0.15 per token in 2017.
The popularity of this coin has been driven by its central place in the crypto ecosystem; not only is it the native token of the BSC but also the utility token of the world’s most popular exchange Binance. As adoption continues, many first-time investors find themselves on Binance and are exposed early on to BNB. With large-scale burning of the token every quarter, the token is deflationary in nature and sure to rally during the next bull market cycle.