DeFi Revolution: How Fantom (FTM), Avalanche (AVAX) and Gnox (GNOX) open new horizons

DeFi Revolution: How Fantom (FTM), Avalanche (AVAX) and Gnox (GNOX) open new horizons

Here are three crypto platforms that are fighting to win in the DeFi revolution and to expand the horizons of personal finance.

During the American Revolution, patriots fought for a world in which there was a separation between church and state. It changes the world forever. Now, we are in the midst of an economic revolution based on the separation of money and state. Better yet, crypto technology also facilitates the separation of money and banks. We call this the DeFi revolution. 

Here are three crypto platforms that are fighting to win in the DeFi revolution and to expand the horizons of personal finance.

Fantom (FTM)

Fantom (FTM) is a blockchain designed to facilitate "leaderless" organizations such as DeFi platforms. Fantom's token (FTM) uses smart contracts written in Solidity, the Ethereum-based coding language. Moreover, it's cross-chain compatible with the Ethereum network. Developers on Fantom can plug their smart contracts into Ethereum while enjoying Fantom's high performance. 

Interesting facts about Fantom:
  • Fantom allows users to create their own private or public ledgers for use in applications such as DeFi platforms. 
  • Staking FTM tokens provides economic incentives for Fantom users while helping to secure the network.
  • Unlike Binance, Fantom is a decentralized platform. It has no central authority.
  • Fantom is fast, taking only about one second to verify a transaction.
  • Transaction fees are negligible — a tiny fraction of a penny. 
Avalanche (AVAX) 

Avalanche (AVAX) blockchain also uses smart contracts to support a variety of DeFi projects. AVAX token is used to pay transaction processing fees and secure the Avalanche network. Launched in 2020, Avalanche is fast, versatile, secure, affordable, and accessible. Avalanche supports both decentralized applications (dapps) and autonomous blockchains. 

Interesting facts about Avalanche
  • The Avalanche blockchain provides near-instant transaction verification and can process 4,500 transactions per second. 
  • Avalanche is an open-source project, meaning that anyone can view and contribute to the platform's code.
  • Participants can earn money for processing AVAX transactions.
  • Avalanche uses a randomized consensus mechanism making it far less vulnerable to 51% attacks. 
Gnox (GNOX)

Gnox is a "yield farming as a service" platform. A portion of the proceeds from GNOX tokens goes into a treasury. Then a team of professional DeFi analysts invests those assets into a diversified basket of low-risk DeFi assets. These include staking platforms, liquidity pools, lending platforms, and even asset-backed NFTs. All profits are then shared proportionally amongst all holders of the GNOX token.

  • Gnox is the first DeFi utility token to offer yield farming as a service.
  • Every GNOX holder shares in the success of the Gnox investment team. That means if anyone makes money, everyone makes money. 
  • GNOX benefits early adopters the most. That's because, in addition to sharing in equity, 1% of all Gnox transitions are distributed proportionally amongst all holders of the GNOX token every 60 minutes.
  • GNOX token is backed by the security of the Binance Smart Chain.
  • Gnox (GNOX) recently rose 52% following a KYC audit by Soken DeFi.

Gnox is currently in ICO pre-sale mode which ends on July 12. The platform will officially launch on July 18.

Learn more about Gnox:

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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