The idea of decentralized finance came into existence to eliminate the intermediaries involved in controlling investors' assets. Traditional finance is plagued by a lack of speed, consistency, and security, while DeFi offers a fast and secure payment solution with no paperwork involved.
It's still early days for the sector, as top platforms like Gnox, Solana, and Pancakeswap continue to drive mass adoption. With a massive community behind these projects, it's worth investing in tokens that power the DeFi ecosystem.
Let's catch a glimpse of what they bring to the table.
A new addition to the world of DeFi, Gnox is here to transform the future of investing by providing "yield farming as a service" to investors. The self-accruing reflection token of the protocol will generate consistent passive returns for the holders for just holding them in an eligible wallet. It is as easy as getting incentives for joining a community. All the rewards will come directly from the treasury funds that are deployed to various DeFi protocols based on the result of voting. Additionally, every time someone buys or sells GNOX, 1% of that amount will be distributed among the token holders. Regardless of market volatility, there's constant buying pressure on GNOX to maintain its underlying value.
Being one of the fastest-growing ecosystems in the crypto space, Solana is home to thousands of DeFi projects. Low latency, low fees, and high transaction throughputs make Solana a secured platform of choice for decentralized applications. A huge surge of transactions in 2021 is a testament to what this project can achieve in the near future. Some top applications built on the platform include Serum, Raydium, Saber, and Oxygen. It's too early to say whether Solana will dethrone Ethereum, but the growing ecosystem is likely to push the native asset to unimaginable heights.
The biggest decentralized exchange on the Binance Smart Chain has played a pivotal role in driving new users to the DeFi space. It came at a time when high gas fee on Ethereum was an entry barrier for new investors. Pancakeswap opened the gates to easy passive income with its native asset CAKE, which can be staked or farmed to earn rewards. The recent announcement to reduce the total supply and increase the farming rewards has garnered praise from crypto experts.
Join presale: https://presale.gnox.io/register
Website: https://Gnox.io
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Twitter: https://twitter.com/gnox_io
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