After the memes and hype die down, the success of a blockchain project comes down to its tokenomics and utility. To be successful long-term, a crypto platform needs to go mainstream. When markets crash, only the essentials survive. Just like the .com bubble, the crypto market crash will wipe out many coins from existence. As a result, the surviving tokens will be better than ever. Let us look at three tokens that have the potential to break the barrier to mainstream coverage and generate long term wealth for investors.
“Crowdfunding” Yield Farming Platform Gnox to go Mainstream After ICO & Launch in August
We have identified Gnox Token as the first platform that is looking at mainstream adoption. The Gnox value proposition is simple: Make DeFi investing, yield farming, and passive income as easy as possible. The only thing crypto investors need to do to earn passive income is buy and hold the token. Gnox holders can vote on how the treasury is invested if they wish. Otherwise, they can sit back and let the pros handle it. Gnox can be thought of as a type of crowdfunding platform. All Gnox holders must stake a portion of their holdings into the treasury and share in the passive income it generates.
The most interesting aspect of GNOX is that it is designed to produce passive income regardless of the direction the market takes. I think that’s quite an enticing proposition and one that will definitely be adopted by the masses. Currently, GNOX is in presale mode (available through their website) until August 12th. At the time of the platform’s launch in mid-August, all unsold tokens will be burned. Gnox saw a dramatic 63% price increase during presale.
Sony, Fidelity & Accura Create Showrooms in Decentraland’s (MANA) NFT Metaverse
Decentraland (MANA) is one of today’s most advanced Web3-powered, decentralized metaverses. The large number of big brands pumping money into Decentraland and helping to build the experience is one sign that this place isn’t going away. A number of companies, including Sony, Fidelity, and Acura, have created showrooms where potential customers can see their products and talk with representatives. Others host events in the metaverse.
Is there a real competitive threat to Decentraland that could prevent it from becoming mainstream? Sandbox is similar, but it seems more geared towards playtime than a virtual society. Meta is a walled garden where everyone must follow Facebook’s rules. That might be fine for children, but not for adults.
Solana (SOL) vs Ethereum in Layer 1 Smart Chain Wars For Speed & Transaction Cost
The Solana network is among the top 10 blockchains and a major competitor to Ethereum due to its lightning-fast transactions and low transaction costs. Only Cardano (ADA) and Binance Smart Chain (BNB) stand between Solana and Ethereum in the smart chain wars. The key technological differentiator of Solana is its hybrid proof-of-stake/proof-of-history mining protocol. On a blockchain, transactions are scheduled into time slots, and miners are chosen in advance for each block. In the race for Layer 1 dominance, it’s impossible to overstate the importance of being the fastest and cheapest value proposition.