With an increasingly competitive and challenging economy, many people are dreaming of early retirement. According to a poll recently published by cryptocurrency exchange KuCoin, 28% of people over the age of 50 are investing in crypto to help fund their plans for early retirement. This is a significant number, considering that, in the US alone, approximately 50 million people have owned or traded crypto within the first half of 2022.
Some experts do warn of the crypto risk that could endanger retirement plans. However, thousands of coins proliferate the market today, with a few cryptos that are of considerably lower risk than others. Below are three cryptos that early retirement planners should explore.
Gnox (GNOX)
Gnox is a DeFi earning solution that does the heavy lifting for novice investors. It has unique features including a treasury that is used in its “yield farming as a service” offering. The platform takes care of investment decision-making and asset management to generate passive income for token holders. The protocol also collects a 10% tax on all transactions, and a portion of it is given back to all GNOX holders. This means that the longer you stay in the network, the more you earn. This makes Gnox a perfect option for anyone who wants to profit over a long time and build an early retirement plan with cryptocurrency.
Waves (WAVES)
Waves is another platform worth considering for early retirement planning. This platform provides an alternative to Ethereum and is for creating and scaling decentralized apps. It conducts about 48,600 transactions per day. And its crypto, WAVES, is used to pay for transaction fees as well as create custom tokens. The price of WAVES has been on a 30-day uptrend between May and June. Currently, it is trading at $5.49. Analysts, however, expect the price to rise to $41.95 by the end of 2022, which could provide high returns in the long term.
Neo (NEO)
Founded as AntShares in China, Neo is a smart contract and cryptocurrency platform that supports various applications. Similar to Ethereum and Waves, the goal with Neo is to create a smart economy system. Unlike most other platforms, however, Neo does not charge gas fees. This no-cost approach attracts many users and enables the network to grow while it provides consistent transaction speeds. Neo is also focused on regulatory compliance, and all users on the network have a verifiable unique digital identity. Because of Neo’s reliability and transparency, its token, NEO, is a solid option for long-term investment.
Final thoughts
Crypto can be a risky investment. But for those who are patient enough to look beyond the most exposed names in crypto, they could find digital assets like Gnox, which make early retirement possible.
For more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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