Healthy and General

Earn big with these cross-chain compatible cryptos: Gnox

3 min read

One of the factors that needs to be considered when choosing which altcoins to invest in for the long-term is staying power. And staying power requires having a unique selling proposition that’s hard to compete with.

If a project “may or may not” survive in the longrun because it has several competitors, then it’s not worth the risk. Especially when there are plenty of projects out there that offer unique and highly competitive features and are bound to be around for the long haul.

Here are three of them:

Gnox Token (GNOX)

Gnox is a fast-growing DeFi platform that offers a unique proposition they call “yield farming as a service.” The multi-chain protocol is built on Binance Smart Chain but also supports Polygon and Ethereum. The developers claim that the platform is infinitely scalable.

GNOX is a great idea for entry-level users who want to invest in DeFi opportunities such as staking and lending but who don’t have the time to do the required research. Gnox dissuades short-term speculation by charging a 10% “tax” on each transaction. First, 6% of these funds are raked into a treasury that is invested across the diverse collection of DeFi platforms. Gains are then used to buy back and burn GNOX tokens every 30 days. Furthermore, 1% is redistributed amongst GNOX holders every 60 minutes. The remaining 3% is used for marketing and operations.

The project has already passed the KYC verification analysis by Assure.Defi, and is currently undergoing an audit with Certik. The platform is scheduled to launch on July 18th. However, the ICO pre-sale has garnered the attention of private and institutional investors some of whom have already seen greater than 50% returns.

Internet Computer Protocol (ICP)

The Internet Computer Protocol (ICP) is a decentralized platform that combines a global network of computers into a unified computing system. The platform can be used for hosting and running Internet native software while providing all the security and decentralization benefits of smart contracts.

Internet Computer Protocol employs what’s known as a Network Nervous System (NNS). The NNS acts as a gateway for data centers. Like our own nervous system, NNS monitors the network for any deviation from normal operation. The native token of the Internet Computer Network, ICP can be locked in “neurons” to earn rewards based on network participation.

Though the Internet Computer is still very much in its early stages, the project’s goals are no less than to replace the current internet network with blockchain technology

What is Elrond (EGLD)

The Elrond network is similar to other smart contract platforms. The focus is on increasing transaction speed by using a process called Adaptive State Sharding. This setup also allows for the creation of what are known as “metachains.” This is a self-standing blockchain that runs in a single shard.

One interesting thing about Elrond is that (unlike Algorand, for instance) its processing speed increases linearly with the number of shards on the network rather than decreasing. A public testnet consisting of 50 shards showed that the Elrond network can crunch 263,000 TPS. That’s 10x more than Visa at only 25,000 transactions per second, and a 10,000x over Ethereum’s 20TPS, making it quite difficult to compete with Elrond.

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