DeFi (decentralised finance) is the fastest-growing financial space and offers the first truly viable alternative to the financial services found within TradFi (traditional finance). Instead of being centralised and governed by intermediaries, DeFi is trustless, transparent, and peer-to-peer. It represents a new age of financial transparency, for the people, by the people.
DeFi is currently a massive area of growth; many protocols have developed alongside it or directly within it. This article features three crypto projects within the DeFi space and a new player, GNOX, that seeks to disrupt DeFi investment.
Gnox Token (GNOX)
Gnox is a first mover. It is the first protocol to offer yield farming as a service and will be released at the end of Q2 on the Binance Smart Chain (BSC). GNOX is a new type of reflection token that has been explicitly tailored to favour long-term investors. Gnox’s whitepaper has piqued the curiosity of many crypto analysts, and the outline provided for its treasury fund.
Gnox features buy and sell taxes, meaning part of every token transaction goes towards accruing capital for the treasury; this treasury is then deployed on behalf of investors to generate yield in DeFi protocols. The yields are distributed to GNOX holders proportionate to the volume of tokens held. The yields are reflected in stablecoin, a great boon during prevailing market conditions. But the fact that the principal of the treasury is never touched, only the proceeds, means that Gnox will develop an enormous treasury over time and act like a whale within DeFi protocols.
The theoretical potential for this project is enormous, and it seems certain investors have already noticed with its price rallying 52% during its presale due to its dynamic pricing model. The question remains whether GNOX will be able to compete with the other giants of DeFi?
PancakeSwap (នំខេក)
CAKE is the native token of the food-themed DEX (decentralised exchange) PancakeSwap. Undeniably one of the most popular and successful DEXs in crypto. PancakeSwap uses an AMM (Automated Market Maker), meaning liquidity is used to complete swaps. This meant that trades could be completed more efficiently and created an opportunity for liquidity providing.
Even now, with crypto plunging rapidly, PancakeSwap maintains a TVL (Total Value Locked) of close to five billion dollars. It is an enormous ecosystem, and the CAKE token has continued to appreciate with the growth of the DEX.
Quickswap (QUICK)
Quickswap is a DEX (decentralised exchange) found on the Polygon network and is a fork of UniSwap, but being launched on the Polygon network, it brought DeFi trading with a fraction of the gas fees. It also utilises an AMM (Automated Market Maker) facilitating competitive swaps and liquidity providing yield opportunities.
QUICK currently trades around $50, down from an ATH (All-Time High) of $1,440. Its price is depressed by prevailing market conditions, but Quickswap is a staple DEX for any crypto enthusiast, and the QUICK token will undoubtedly rally again. The project has more than $350 million locked in its smart contracts showcasing investor sentiment.
ស្វែងយល់បន្ថែមនៅទីនេះ៖
ចូលរួមការលក់ជាមុន៖ https://presale.gnox.io/register
វេបសាយ: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
ភាពមិនសមរម្យ: https://discord.com/invite/mnWbweQRJB
ក្នុង Twitter: https://twitter.com/gnox_io
សម្រាប់ការបោះពុម្ពអត្ថបទនៅលើគេហទំព័ររបស់យើង សូមទាក់ទងមកយើងខ្ញុំតាមអ៊ីមែល ឬគណនីមួយក្នុងចំណោមគណនីដែលបានរៀបរាប់ខាងក្រោម។
Source: https://www.thecoinrepublic.com/2022/06/13/learn-how-gnox-token-gnox-builds-its-ecosystem-to-match-the-high-ranking-defi-tokens-such-as-pancakeswap-cake-and-quickswap-quick/