IOTA (MIOTA) is a crypto of a completely different color. This token has no blockchain, no blocks, no miners and no gas fees. Instead, IOTA uses a lightning-fast open-source ledger network, aka a “tangle”. To create a transaction on the network, a node must approve two previous transactions. In other words, the fees are paid with the processing power.
Without gas, the coin facilitates microtransactions, making it ideal for use in the Internet of Things (IoT) – one of the fastest growing internet technology sectors. There will be approximately 20.4 billion IoT devices in use by 2024. IOTA aims to provide the IoT with unlimited throughput at minimal cost. It’s a powerful value proposition that will be hard to compete with.
Zcash (ZEC) has been around since 2016. The coin was developed with a focus on privacy and anonymity. This decentralized cryptocurrency uses zk-SNARK zero-knowledge proof technology. Although Zcash transactions are relayed through a public blockchain, they do not reveal any information about the people involved in the transaction. However, the information is available to affected parties.
This selective disclosure mechanism allows investors to comply with tax laws while remaining anonymous to the rest of the world. This strong value proposition combined with the sustainability of the project makes ZEC a good prospect for long-term play.
Gnox Token (GNOX)
The value proposition of the Gnox platform is “yield farming as a service”. Yield farming is the practice of depositing cryptocurrencies to earn passive income. While on the outside yield farming may seem simple, like opening a savings account or buying a stock, as UST/LUNA holders have discovered, it can be much more risky. Not only does it require a bit of time to fully research all available options, and then monitor your investments.
Gnox makes yield farming as easy and low risk as possible. All crypto investors need to do to take advantage of a wide range of passive income opportunities is buy and hold GNOX tokens. The rest is done for them.
Gnox is like a combination mutual fund/ETF/dividend stock/money manager/savings account/hedge fund. How does Gnox cram all of this value into a single token? The answer is that GNOX tokenomics is asking for a 10% “tax” on all secondary market token sales. The majority of this sum goes into a pooled treasury which is used to invest in passive income opportunities such as staking, loans and liquidity pools. A small portion is also airdropped to holders as a kind of royalty.
So not only does the cash perpetually increase in value, but the size of each holder’s stack also increases. Additionally, the tax discourages short-term trading and reduces volatility while encouraging early adoption and long-term investment. It’s a whole set of benefits.
Gnox is currently in ICO mode until August 12. The platform is officially launched a week later. Prior to launch, all unsold tokens will be burned, which will significantly reduce the circulating supply and increase the market value of the token. Enter before it happens for guaranteed gains over the next month.
Learn more about Gnox and participate in the presale on Gnox.io.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register