The problem with the DeFi space right now is that is isn’t that welcoming to newcomers. Removing third parties from transactions and giving real people real control over their money has huge benefits for populations across the planet, but those benefits have not yet been communicated properly to the mainstream. Everyone can benefit from DeFi, but not everyone knows it. And if digital currencies are really going to emerge out of tech-savvy circles and into the mainstream, this communication needs to improve.
That being said, there are 3 high-profile projects that are gathering attention in the crypto space for good reason. That’s because they address some of these issues, and manage to make DeFi slightly more inviting for those new to the scene. Let’s have a look at how…
Gnox is perhaps the best option in the world when it comes to simplifying DeFi. In a space that’s often been complicated and off-putting for newcomers, Gnox solves all these issues and more by offering revolutionary yield farming as a service. What does this mean? Gnox holders get real passive income and a huge number of benefits from DeFi investment, but with none of the headaches.
One thing that’s put off regular and institutional investors from moving into the digital currency world is that they simply don’t understand how things like saking work. Staking, liquidity pooling and loaning protocols have long been mainstays of DeFi investing—but regular investors simply don’t know where to start.
That’s why Gnox builds a treasury of funds from a sales tax and then invests these funds for its users. Gnox token holders do get a vote on how risky these investments will be, but otherwise—it’s completely passive. That means they can simply wait and get paid the proceeds from these investments every month. It works a lot like an investment fund, but a more democratic version. And one that’s rooted in the benefits of DeFi. That’s why we think Gnox could help take crypto investing to the masses.
Polygon is another interesting project that aims to simplify some of the confusion in the DeFi world. As a “layer-two” scaling solution that runs alongside Ethereum, Polygon has solved a number of scaling issues that have plagued the crypto world for a while. Notably by providing faster transaction speeds and lower fees. For crypto to really take off as usable currency, it needs to be quick and easy to use, and it needs to be fast. Polygon helps with these issues and could help improve the DeFi experience for newcomers to the scene.
Similar to Polygon, Biswap also offers lower transaction fees—key to the future mass adoption of crypto. It sits on the Binance Smart Chain and acts as a decentralized exchange for a range of other tokens. Touted as having the lowest fees in crypto, BSW could be crucial in spreading the benefits of digital currencies to those new to the crypto space.
These are all 3 very interesting projects, but we like GNOX the most. While Biswap and Polygon solve key issues in the crypto world, they’re still somewhat hard to understand for newcomers. None of these issues are relevant with Gnox, as users can simply hold the coin and earn.
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