Gnox (GNOX)

Gnox is a protocol coming to the BSC (Binance Smart Chain) that changes the world of DeFi (decentralised finance) earnings. Gnox brings meaningful DeFi investment to a broader audience and will see a massive influx of capital once the community realises the passive income machine the developers have built. Gnox is pioneering a new stratagem and simplifying DeFi earnings into a single investment vehicle. GNOX holders will receive an automatic hourly redistribution of GNOX tokens and a monthly stable coin reflection; both made possible by the protocol’s treasury.

GNOX’s tokenomics include buy and sell taxes, meaning part of every transaction goes towards funding the treasury. Thus every trade of GNOX on the open market goes towards delivering larger future stablecoin reflections for holders. Currently, in its presale stage, Gnox marks an excellent opportunity for investors looking to join a project early and grow alongside it.

Fantom (FTM)

Fantom is another great choice for July. The charts for Fantom look ugly, with a more than 90% retracement from its ATH (All-Time High) of $3.48 in October 2021. However, Fantom has provided an incredible amount of value to DeFi. Being EVM (Ethereum Virtual Machine) compatible and boasting a far greater throughput than the Ethereum network, Fantom has enabled the ecosystem of Ethereum to come to life on a faster and cheaper network. Fantom rapidly devoured the TVL (Total Value Locked) of other layer one projects and has become a mainstay of the DeFi landscape. Make no mistake, Fantom will come back, and people who buy now will smile when the king of DeFi rises again.

Loopring (LRC)

Loopring is a ZKRollup (Zero-Knowledge Roll Up) built on top of Ethereum. This layer two scaling solution allows users to trade assets across exchanges without paying Ehtereum’s notorious gas fees. The Ethereum network introduced smart contract capability and birthed the whole DeFi sphere. Ethereum will remain significant in the crypto space for years, but due to the network’s low throughput, it is far too expensive for most market participants to use freely. Loopring brings scalability to the Ethereum network and allows trades to be made for a fraction of the cost, bringing low-cost trading to the largest player in DeFi.

Final Thoughts

Gnox is a passive income machine heavily underpriced by the market, Fantom is heavily discounted and developing at an astounding rate, and Loopring brings scalability to Ethereum. These projects deliver tremendous value to the crypto ecosystem, which will ultimately be reflected in their future price action.

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