Improve your chances of higher crypto returns with FTM, EGC and GNOX

Improve your chances of higher crypto returns with FTM, EGC and GNOX

2021 was a big year for cryptocurrency. But what’s next in 2022?

The global Digital Currency Market size was around $ 827 million in 2020. The market is projected to grow at a CAGR of 12% during the 2021-28 period. The main reason for the growth is advancement in the Decentralized finance (DeFi) technology.

This blog features three technological advancements in DeFi and Digital Assets which can be a potential success and give enormous profits to the investors.

Fantom (FTM)

Fantom crypto has been regarded by experts as a next-gen smart contract platform. Fantom is decentralized and open-source that supports digital apps and digital currency. It is one of the many networks built as a faster, low cost, and more efficient alternative to Ethereum (ETH), due to its powerful proof-of-stake consensus mechanism.

The Fantom network operates an algorithm called Directed Acyclic Graph (DAG) instead of the blockchain network, this enables each node to have multiple links and simultaneous validation. This results in improved transaction speed at an incredibly low cost.

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Another mechanism responsible for Fantom’s bright prospects is Lachesis, a “leaderless” consensus mechanism. The mechanism is seen as an improved alternative of ‘Proof-of-stake’, called asynchronous byzantine fault tolerant (aBFT). Its benefit is that it can operate without a snag even if one-third of transaction data is fraudulent.

This results in independent transaction validation (the “asynchronous” in aBFT), without working through a queue of transactions. Because of this, Fantom takes about two seconds to clear a transaction, whereas Ethereum and Bitcoin take several minutes.

Fantom is also available on multiple crypto exchange platforms including Coinbase crypto exchange, Crypto.com, Binance Exchange and will soon be available to trade on Kraken digital asset exchange.

Evergrow (EGC)

Evergrow coin is a newly launched crypto on Binance Smart Chain (BSC) and is a hyper-deflationary coin that allows investors to earn passive returns in Binance pegged USD (BUSD). Evergrow is designed to get scarcer over time and gives eligible holders of $EGC to earn an 8% reward from every buy/sell/transfer transaction in Binance pegged USD, which is sent to your wallet automatically. Tailor-made for passive income seekers and long-term investors.

There are several strategies in place to decrease the supply of EGC over time, this will result in individual holdings becoming more valuable due to a higher fraction of the rewards.

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Using ‘Buyback and Burn’, a 2% Evergrow coin is collected from each transaction and converted to BNB, which is stored in the contract. If ‘buyback and burn’ is enabled, the contract purchases $EGC directly from exchanges, driving the price north, and instantly and permanently removes those purchased tokens from circulating supply by sending them to the contract ‘burn’ address. This results in less circulating supply and a higher share of rewards for holders.

Gnox (GNOX)

Gnox is regarded as the next generation of reflection tokens. Scheduled to be launched by August 2022 on the Binance Smart Chain (BSC) it will bring Decentralized finance (DeFi) yields to its investors. Gnox will remove the barriers associated with typical DeFi networks which prevent investors from utilizing the optimum yield opportunities within the sphere such as providing liquidity support and loan protocols. It is designed to give maximum capital gains for its users over a prolonged period. Gnox will levy a buy and sales tax of 10%, 6% of this tax will be assigned to the DeFi treasury used in DeFi protocols to generate yield and the revenue generated will be distributed among the Gnox token holders. The treasury will grow, and since the principal won’t be touched, just the proceeds, token owners will progressively enjoy higher amounts of passive income.

The crypto community is hyped for GNOX release despite unfavorable market sentiment and is already estimated to have enormous demand. GNOX is currently available only through presale.