• Sun. Aug 14th, 2022

Gnox (GNOX), Loopring (LRC), and Kusama (KSM)

ByHazel R. Lang

Jul 4, 2022

Whales, i.e. investors with large stakes in digital assets, seem to have been spying on the Gnox (GNOX), Loopring (LRC) and And Kusama (KSM) projects for some time now. Data from Whale Alert, which tracks large cryptocurrency transactions, shows that whales have acquired more of these coins in the past month than ever before. What’s so unique and exciting about GNOX, LRC and KSM?

Gnox (GNOX)

Gnox Token is the first platform on our list considered to have been widely adopted. The core idea of ​​Gnox is to make passive income, yield farming, and DeFi investing as easy as possible, and that’s exactly what makes the project exciting for both newbie investors and crypto whales alike. experienced.

Buying and holding the Gnox token is all investors need to generate passive income.

Holders can decide how Gnox cash is invested if they wish. Alternatively, they can simply opt out and let the experts handle those choices. Gnox’s DeFi aggregator is designed to automatically calculate and redistribute rewards to holders – 1% of every GNOX sale.

We can consider the Gnox platform as a specific category of crowdfunding platform, because

all Gnox shareholders are required to put a portion of their interest into cash, and in return they are entitled to a portion of the passive income it earns.

The best part of the GNOX mechanism is that treasure rewards are guaranteed to holders no matter which direction the market takes. Specifically, even if the bear market holds, you are still guaranteed to earn rewards.

It’s a very enticing proposition that analysts say will no doubt be widely adopted.

Until August 12, GNOX is in presale mode, where early investors are offered bonuses for the first purchase.

So far, the GNOX price has increased by 63%, which is expected to reach higher highs, as the Gnox team plans to burn all unsold tokens at the end of the pre-sale phase.

Loop (LRC)

Another exciting cryptocurrency boosting hopes for whales is Loopering (LRC). Loopring is a decentralized cryptocurrency exchange protocol that enables trading of digital assets on the Ethereum blockchain. The protocol uses ring sharing to minimize counterparty risk and allows order matching across multiple exchanges.

The main idea of ​​LRC is to allow anyone to create noncustodial and orderbook-based crypto exchanges on the Ethereum platform, which looks promising and has potential for whales and investors alike.

The Loopring protocol is based on the concept of “ring-mining” which is defined as a type of auction where orders are matched and executed in a loop.

Kusama (KSM)

The next crypto we have on the list is KSM. Kusama is a decentralized network designed to be scalable, responsive, and secure. Kusama also offers upgrades and additions which can be found in Polkadot. As Polkadot’s parachain, Kusama will serve as the testnet for the Polkadot mainnet.

Kusama mainly focuses on canary releases, which are software releases deployed in a test environment to verify their stability before being deployed in a production environment. Kusama’s native currency, KSM, is used for staking on the network and voting on governance proposals. The more KSM you have, the more weight your vote will have. Stakeholders will earn a portion of the transaction fees associated with any parachains they are responsible for validating.

Wrap

Watching crypto whales can greatly help any investor make the right choices, as whales can significantly influence the price movement of any cryptocurrency. Spy on GNOX, LRC and KSM with them to be on the right track.

Learn more about GNOX:

Join the 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

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