The top 100 crypto projects ranked by market capitalization; obtaining a spot on this list solidifies a project’s existence and marks it as a serious contender. However, this list is constantly in flux, and a ranking on this list is only guaranteed to crypto projects that provide tangible value to the ecosystem. As one project drops out, another rises to take its place. This article features a crypto project with the potential to obtain a position within the top 100.
Gnox has closed its second presale stage, and early investors are already sitting on more than 60% gains. Gnox is a new protocol seeking to disrupt the status quo of DeFi (decentralized finance) investment bringing DeFi earnings to ordinary crypto investors. Scheduled to launch on the BSC (Binance Smart Chain) in Q3 this year, will Gnox be able to make it into the top 100?
Gnox offers yield farming as a service and is a not seen before type of reflection token that focuses on providing its investors passive income. To understand Gnox’s potential, it is essential to understand the mechanics of the protocol, and a central feature is the treasury protocol. Funded by buy and sell taxes, the treasury is a capital fund set to accrue over time and is utilized on behalf of investors within DeFi protocols to generate yield. The capital generated is swapped into stablecoin and reflected GNOX holders proportionate to the number of tokens held every 30 days. The developers at Gnox appear to be playing the long game; with the treasury fund constantly growing, it follows that the stablecoin payouts will also grow larger with time. A protocol paying out passive income during the bear market will attract lots of investors, and the potential for it to crack the top 100 is undoubtedly there.
The Huobi token sits at spot 64 within the top 100, according to CoinGecko. HT is the native token of the Huobi global exchange and the platform’s utility token. Originally designed as a profit share mechanism to allow platform users to grow alongside the exchange: 60% of the token’s total supply was initially distributed to Huobi users. The token entitles users to trade fee discounts and gives them access to new tokens before they launch. If HT is staked in Huobi’s Prime Pool, users will receive airdrops from brand new projects. On top of this, the token is also deflationary, with Huobi allocating 20% of its monthly revenues to buy back and burn HT.
Currently trading at $4.43, HT is a brilliant token for investors looking to maximize their earning potential on the Huobi exchange.
Enjin Coin (ENJ)
Enjin coin currently sits at 88th, according to CoinGecko. Enjin is software designed for developers to manage tokenized digital assets. Enjin is focused primarily on the gaming industry, a market segment worth billions. ENJ is the token that powers the system and allows users to trade their NFTs; a considerable aspect of Enjin’s success is its ability to integrate with games. With the proliferation of NFTs and Web3 gaming, ENJ is in a great position to continue its growth.
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Join Presale: https://presale.gnox.io/register