Gnox (GNOX)’s Upcoming Launch Could Outperform Fantom (FTM) and Pancakeswap (CAKE)


Gnox, a new DeFi platform that promises to bridge the gap between traditional and crypto investments, is scheduled to launch on August 18, 2022. Some industry observers believe that Gnox could outperform Fantom and Pancakeswap, two other popular blockchain platforms.

Fantom (FTM) and Pancakeswap (CAKE)

Fantom is a newcomer to the scene, but it has swiftly created a reputation for itself with its novel consensus process known as Opera Chain. This allows Fantom to execute approximately 10,000 transactions per second, which is significantly quicker than Ethereum’s current throughput of approximately 15 transactions per second. Furthermore, Fantom intends to build its own mainnet later this year, which might boost platform usage even further.

Despite the recent volatility in the cryptocurrency market, Fantom’s price has been steadily rising since June 13, 2022.

On the other hand, although it has not shown any mammoth gains recently, CAKE has been trending after jumping 15% in the last seven days and over 28% in the last 30 days.

Earlier this year, the PancakeSwap team’s governance proposal was approved by a 98.8 percent majority of those voting in favor of the second version of its tokenomics roadmap. However, this revelation has had no impact on CAKE, which has been trading in the $2-$4 region since mid-May.

What about Gnox (GNOX)?

Gnox is making it simple for crypto fans to invest in DeFi and earn passive income there. Gnox’s developers have created a low-touch solution to a challenging issue. Many average crypto investors have struggled to find DeFi yields, but Gnox is bringing equality to the situation. 

The protocol includes the first investor-designed treasury, funded by buy and sell taxes; this protocol takes advantage of economies of scale to give investors monthly stablecoin reflections.

According to crypto analysts, Gnox’s mechanics are optimal for long-term investment. Gnox will definitely attract more liquidity to the BSC ecosystem and has already been a focus of whales looking to create profits from their existing assets. This infusion of finance will aid the ecosystem’s organic growth.

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