Cryptocurrencies are having a moment. Blockchain-based digital currencies seem like a staple these days, from Elon Musk’s tweets, crypto Super Bowl ads and the new Crypto.com Arena in Los Angeles.
This momentum seems to be propelling people towards Web3, an internet ecosystem based on blockchain, crypto wallets, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). And, as we move forward, it is essential to identify cryptocurrencies that can play an important role in promoting Web3.
Cardano, dubbed a “rival” to Ethereum, has quickly risen from its ashes to become one of the biggest cryptocurrencies in the market.
Cardano is a web 3.0 network with a blockchain-based ecosystem that allows users to interact without depending on centralized data repositories.
Cardano is based on the Ouroboros blockchain protocol, which is completely decentralized and open source. There is no central database on the Cardano network as information is stored in multiple places.
Users can access information whenever they want. Another benefit of Cardano users is data ownership. Individuals have full control over their data and can send it through the blockchain at any time.
Considered the next face of Web3, Gnox is the next evolution of the Binance Smart Chain (BSC) reflection token. It is the first self-acquiring thought-provoking token to maximize returns for investors now and in the future.
Their goal is to make you a digital bank. Once their contract is launched, they will have no central entity, human intervention or overhead.
Gnox is the first DeFi earning protocol to provide all types of investors with “Yield Farming as a Service”. They work hard to make it as easy and smooth as possible for DeFi users to earn passive income to support their stable growth.
Due to its unique DeFi treasury, which allows investors to gain greater reward from other protocols, Gnox has one of the fastest growing community think tank projects.
Gnox believes that long-term holders and users should be rewarded with a passive income stream equal to Treasury income over time.
Gnox’s advantage becomes apparent when they use their method on many pools, offering up to 50% APR while existing traditional banks average less than 2%.
The majority of Gnox stablecoins, DeFi LP tokens and NFTs will be kept in the treasury, which is a multi-signature protected vault.
Blockchain technology has gained popularity in recent years. As the majority of the world’s population tries to develop new ways to invest in cryptocurrencies and blockchain, Web 3.0 is on the horizon.
Web 3.0 is a new Internet hybrid that aspires to be a decentralized version of the virtual world. It aims for transparency, so users see a lot of open-to-all content.
Cardano and Gnox are set to win the Web 3.0 race in 2022.