Defi: The Next Level Of Crypto With Evergrow (Egc) And Gnox (Gnox)

Cryptocurrency as an asset class is evolving at a blinding pace and the days of Bitcoin (BTC) and Ethereum (ETH) being the most desirable assets are quickly fading.

To borrow definitions from Peter Lynch and traditional finance these cryptocurrencies have become slow growers and investors are searching for the exciting fast growers to yield bountiful capital returns.

This article features three projects which represent the next stage of crypto for the investor to take their gains to the next level.

Evergrow (EGC)

Evergrow (EGC) launched in September 2021 on the Binance Smart Chain (BSC) is a hyper-deflationary token that allows investors to earn passive income in Binance pegged USD (BUSD). There is a 14% transaction tax on all buy and sell orders: 8% is redistributed in BUSD, 3% goes to the liquidity pool to ensure a stable floor price, 2% goes to the Buy-Back reserve, and 1% goes to marketing efforts. The result of these tokenomics is a coin with a constantly decreasing supply driving up the price. Tailor-made for the long-term investor to generate passive income over time.

Gnox (GNOX) (GNOX) represents the next generation of reflection tokens. Scheduled for launch in Q2 2022 on the Binance Smart Chain (BSC) it will bring DeFi yields to all investors. Gnox will do away with the barriers typically found in DeFi that prevent many investors from utilising the best yield opportunities within the sphere such as Liquidity Providing and Loan Protocols. Gnox will utilise a buy and sales tax of 10%. 6% of this tax will be allocated to the DeFi Treasury which will be used in DeFi protocols to generate yield and the generated revenue will then be distributed between all Gnox token holders. The treasury will continually grow, and because the principal is never touched, only the proceeds, token holders will enjoy progressively greater amounts of passive income. It is a protocol designed to maximise capital gains for all users over a protracted period.

It has not escaped notice by the community and the hype for the release of this project is already enormous, currently available via presale it is one of the most hyped crypto projects released this year, despite highly unfavourable market conditions. It is a project every investor should be looking to add to their portfolio to level up their crypto returns.