How Will Gnox (GNOX) Affect Other 'Hold To Earn' Projects, Like Pancakeswap (CAKE) And Biswap (BSW)?


Competition is natural. Within the world of crypto, competition is even fiercer than in other asset classes because of the discreet nature of blockchains, with even protocols based on the same chains competing for liquidity from investors.

New players constantly enter the fray, and the old contenders must defend their titles. Analysts are curious as to how Gnox (GNOX), a new type of reflection token coming to the BSC (Binance Smart Chain), will affect other Hold To Earn protocols in the ecosystem, such as PancakeSwap (CAKE) and Biswap (BSW).

A Brief Overview of the Protocols

Gnox (GNOX)

Gnox is simplifying the process of DeFi (decentralised finance) investment and making earning within DeFi easy. The developers at Gnox have designed a low-touch solution to a complicated problem. DeFi yields have alluded many ordinary crypto investors, and Gnox is bringing equality to the current paradigm. The protocol features the first treasury designed on behalf of the investor, funded via buy and sell taxes; this protocol leverages economy of scale to provide monthly stablecoin reflections for investors.