IOTA (MIOTA) is a crypto of a completely different color. This token has no blockchain, no blocks, no miners, and no gas fees. Instead, IOTA uses a super-fast, open-source ledger network, aka a “tangle.” To create a transaction on the network, a node must approve two previous transactions. In other words, the fee is paid with processing power.
Being gas-fee-less, the coin facilitates microtransactions which makes it ideal for use in the Internet of things (IoT) — one of the fastest-growing sectors of Internet tech. There will be an estimated 20.4 billion IoT devices in operation by 2024. IOTA aims to provide IoT with limitless throughput at minimal expense. That’s a powerful value proposition that’s going to be hard to compete with.
Zcash (ZEC) has been around since 2016. The coin was developed with a focus on privacy and anonymity. This decentralized cryptocurrency uses zk-SNARK zero-knowledge proof technology. While Zcash transactions are relayed via a public blockchain, they do not reveal information about those involved in the transaction. However, the information is available to the parties involved.
This selective disclosure mechanism allows investors to comply with tax laws while remaining anonymous to the rest of the world. This strong value proposition combined with the longevity of the project makes ZEC a good prospect for a long-term play.
Gnox Token (GNOX)
The Gnox platform’s value proposition is “yield farming as a service.” Yield farming is the practice of depositing cryptocurrencies to earn passive income. While on the outside yield farming might seem simple, like opening a savings account or buying a stock, as holders of UST/LUNA found out, it can be a lot riskier. Not only that it requires quite a bit of time to fully research all the available options and then to babysit your investments.
Gnox makes yield farming as simple and low-risk as it can possibly be. All crypto investors have to do to take advantage of a wide array of passive income opportunities is to buy and hold GNOX tokens. The rest is done for them.
Gnox is like a combination mutual fund/ETF/dividend stock/financial manager/savings account/hedge fund. How does Gnox cram all that value into one token? The answer is that GNOX tokenomics call for a 10% “tax” on all aftermarket sales of tokens. The majority of that goes into a common treasury that’s used to invest in passive income opportunities such as staking, lending, and liquidity pools. A small portion is also airdropped back to holders as a kind of royalty.
So not only is the treasury perpetually growing in value but so is the size of every holder’s stack. Moreover, the tax discourages short-term trading and reduces volatility while incentivizing early adoption and long-term investing. That’s quite a package of benefits.
Gnox is currently in ICO mode until August 12th. The platform officially launches a week later. Before launch, all unsold tokens will be burned drastically reducing the circulating supply and raising the market value of the token. Get in before that happens for guaranteed gains within the next month.
Learn more about Gnox and get in on the pre-sale at Gnox.io.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register