What do Gnox Token (GNOX) and Moonbeam (GLMR) have in widespread?

The crypto market has been happening quick and laborious these days, reaching new lows we haven’t seen in months. That’s a truth, and nobody is pleased about this.

However we predict that 2022 will likely be a giant yr for cryptocurrency, similar to 2021 was. It will likely be completely different from 2021, although. Among the weaker tasks and tokens will lose worth, however a number of the greatest tasks will rise to the highest.

Moonbeam and Gnox are two of the business’s most anticipated tasks. Allow us to take a peek at these two rising platforms.

Gnox (GNOX)

Gnox is the primary DeFi incomes protocol to supply “Yield Farming As A Service” to particular person and institutional traders.

This token is a yield farming platform which will pay out as much as 50% APY to crypto traders. The important thing to its excessive charges is its treasury, which is model new within the crypto business.

The challenge lends and reaps the advantages of a portion of its treasury, permitting them to supply worth to traders whereas guaranteeing long-term and rising returns.

Moonbeam (GLMR)

Moonbeam is a developer-focused blockchain that goals to be appropriate with Ethereum’s current improvement instruments and community. It gives a whole EVM implementation, a Web3-compatible API, and bridges to current Ethereum networks. This permits builders to simply port their present Solidity sensible contracts and DApp frontends to Moonbeam.

On the Polkadot community, Moonbeam may even be a parachain. That means it should profit from the Polkadot relay chain’s shared safety and can be capable of merge with different Polkadot-connected chains (as soon as that performance is offered on Polkadot).

What are the similarities between Gnox (GNOX) and Moonbeam (GLMR)?

Gnox and Moonbeam are comparable in that they each present alternatives for passive earnings.

By placing GLMR to work, customers can earn low-risk rewards. Moonbeam offers customers the choice of promoting their cash to collectors. Then they compensate these nodes for his or her contributions to the platform’s safety. They distribute the awards amongst people who’ve been executed based mostly on the amount of cash they’ve staked within the recreation.

Gnox is constructing a decentralized community that compensates its customers passively. Every transaction is topic to a tax to help the DeFi treasury.

This idea of treasury is new to the business, and it’s used to produce liquidity to secure swimming pools whereas additionally amassing a return on investments. Based mostly on the portfolio measurement, their holders obtain a share of the earnings made by these investments.

Gnox makes use of this system to incentivize long-term funding by providing dividends to customers who maintain the token. Buyers are shielded from market volatility and restricted liquidity as a result of the payout is paid in secure cash.