Place/Date: - July 17th, 2022 at 2:07 pm UTC · 3 min read
Rapidly expanding markets make investors who pick the right projects incredibly wealthy. This has always been true, and its most recent instance is within the crypto sphere. As blockchain technology and digital assets become more mainstream, they continue to attract increasing waves of capital. Investors backing solid projects in the early phases will make life-changing returns. This article features three crypto projects to help any crypto investor start to build generational wealth.
Gnox is a protocol that several analysts have earmarked to be the most promising release on the BSC (Binance Smart Chain) in 2022. Currently, in its presale stage, this protocol offers ordinary crypto investors exposure to DeFi (decentralised finance) earnings. The DeFi ecosystem has birthed numerous novel ways for investors to generate passive income with their crypto holdings. Still, many investors are blocked from participating due to the fast-changing and complex formation of DeFi’s landscape.
Gnox is the first protocol to offer yield farming as a service and does all the hard work for the investor. By holding GNOX, the investor gains an hourly distribution of GNOX tokens and a monthly stablecoin reflection. These earning opportunities are made possible by GNOX’s tokenomics which include buy and sell taxes. Gnox is making DeFi investment easy and will likely see a massive influx of capital from investors who want to generate passive income in a low-touch manner. As stablecoin payouts materialise for investors, GNOX will become more desirable, and its price will reflect this.
eCash is a protocol built on the foundations of Milton Friedman’s economics and seeks to implement a better form of money. It focuses on being an electronic payment that priorities individuals and their freedom, and for this reason, it offers the investors the possibility to remain anonymous when making transactions. Privacy within crypto is becoming a hot topic, with many investors lulled into a false sense of security by the pseudo-anonymous nature of wallets. However, with most people buying crypto on large exchanges that mandate KYC, all their transactions on the blockchain are now attachable to an identity. eCash and other privacy-focused cryptos will experience explosive growth when investors start to take privacy more seriously.
Aave is a DeFi ecosystem giant and primarily a decentralised lending protocol. It allows users to deposit and collateralise their assets and access permissionless loans. Several reasons investors choose to do this include a desire to avoid triggering a taxable event by selling their crypto. Typically, this is done with the belief that the collateralised asset will appreciate with time. The leveraging of assets is a financial strategy frequently employed by the wealthy, and Aave gives this power to ordinary investors. AAVE is the governance token, and its price action is directly tied to the growth of the protocol. AAVE now trades at $78.49, and during the next bull market cycle, it is likely to eclipse its prior ATH (All-Time High) of $666, making it a great investment choice.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.