If there’s one keyword that overarches the crypto space, it’s “innovation.” Innovation is at the heart of crypto because technologies such as blockchains, smart contracts, NFTs, DeFi, DAOs, DApps, etc., are so new that we have yet to scratch the surface of what’s possible.
Every day, it seems, fresh and powerful ideas emerge from this space. Combine innovation with mass adoption and you have a winning formula for long-term success.
Three cryptocurrencies that epitomize the characteristics of innovation and that either are or are likely to see mass adoption are Cardano (ADA), Gnox Token (GNOX), and Cronos (CRO).
Cardano (ADA)
Cardano is the first smart blockchain to be founded on peer-reviewed research. According to its website, “Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create the possibility for the many, as well as the few, and bring about positive global change.”
One of Cardano’s most important innovations is Ouroboros, a proof-of-stake protocol that provides the security guarantees of proof-of-work at a fraction of the energy use and transaction cost.
According to the website, “Ouroboros applies cryptography, combinatorics, and mathematical game theory to guarantee the protocol’s integrity, longevity, and performance, and that of the distributed networks that depend upon it.”
Some past and future milestones include Cardano opening its architecture to developers and the coming Vasil hard fork which will greatly increase scalability.
Recently, Solana, Avalanche, Polkadot, and Polygon have all fallen behind Cardano in market cap. Only BNB remains between Cardano and Ethereum.
Gnox (GNOX)
The main innovation of the Gnox platform is its first-to-market “yield farming as a service” business model. Developed to make DeFi earning simple and frictionless for crypto investors, GNOX tokenomics are specially designed to produce gains in both bear and bull markets.
A portion of Gnox investments are stored in a treasury. Those funds are deployed by a team of DeFi analysts into yield farming opportunities such as staking, liquidity pools, and lending protocols to produce consistent passive income.
Periodically, profits are used to buy back GNOX tokens on the open market. These tokens are then burned thus increasing the value of the remaining GNOX tokens. This makes GNOX one of the few deflationary crypto assets.
Gnox also incentivizes early adoption and long-term holding, while disincentivizing short-term speculative trading. They do this by charging a 10% “tax” on all GNOX transactions, 1% of which is redistributed to all holders every 60 minutes, 6% goes into the treasury, and the remaining 3% is used to run and promote the platform.
The Gnox platform is scheduled to launch on July 18th. However, investors can get on board with their initial coin offering which runs until July 12th.
Cronos (CRO)
Cronos (CRO) is the native cryptocurrency of the Crypto.com centralized crypto exchange. The coin is used for staking and transaction fees.
Crypto.com was one of the first crypto exchanges to offer financial services such as zero-fee trades, instant deposits, crypto-backed credit and debit cards, high-interest lockup rewards, the ability to send and receive crypto, a large selection of crypto assets from a variety of blockchains, and simplified charting that appeals to the Robinhood (stock exchange) crowd.
Crypto.com is laser-focused on providing a clear and simple user experience, something the crypto space needs a lot more of.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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Source: https://coinpedia.org/press-release/best-of-crypto-innovations-with-cardano-gnox-token-and-cronos/