Okay, we said these cryptocurrencies could make you a millionaire overnight. What we haven’t said is exactly which night. Although it’s unlikely to happen tonight, both of these projects have the potential to become a moonshot if and when the stars align. Here’s why:
Fantom (FTM) is an open-source blockchain. It’s highly scalable, secure, and, most importantly, cross-chain compatible with the Ethereum network. Additionally, the platform incorporates industry-leading oracles such as Chainlink and Band Protocol making these essential DeFi tools easier to use for developers.
What gives FTM the potential to be a millionaire-maker is that, unlike most other Layer 1 blockchains, Fantom gives users the ability to create their own private or public ledgers rather than working on a central ledger.
Also, Fantom is far faster and far less expensive than Ethereum. The fact that it’s cross-chain compatible means developers can seamlessly integrate Ethereum smart contracts without paying the high gas fees. Because of this, the platform has a good chance of catching up with Ethereum's top competitors such as Cardano and Solana.
With the price of $FTM currently less than one quarter, this asset has a potentially gargantuan upside. If the price can reclaim and break through the fifty-cent ceiling, traders should see the coin reach $1, providing a 400% return on investment this year. Fibonacci extensions beyond that level suggest eventual price targets in the range of $4 to $5 producing returns in the range of 1,000% to 2,000%. With a current all-time high of $3.30 these prices are not inconceivable.
Gnox Token (GNOX)
Gnox is a new type of DeFi utility token that rewards holders with passive income. The earlier you buy and the longer you hold, the higher the return over time. In fact, GNOX tokenomics are specifically designed to incentivize early adoption and long-term holding while discouraging short-term trading and high volatility.
All of this is achieved by charging a 10% “tax” on all transactions. First, 6% goes into a treasury that is used to invest in a diversified portfolio of passive-income-generating DeFi opportunities. A team of experienced DeFi analysts does all the research saving holders tons of time. Gnox also spread the risk across a variety of platforms and blockchains to avoid situations such as the UST debacle.
Profits are taken monthly and used to buy back and burn GNOX tokens thus taking them out of circulation. This deflationary mechanism makes this token a true contender for a long-term store of value.
Next, 1% is redistributed amongst all current holders. This return is compounded every hour on the hour. The sooner one buys GNOX, the more this feature will benefit them in the long run. (The remaining 3% is used to market and maintain the platform.)
Although the platform doesn’t launch until July 18th, GNOX is currently in presale. Early adopters including retail and institutional investors have already seen returns north of 50%. Once the platform launches and its strategy is proven, outer space is the limit for the GNOX token.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice