Banks rarely provide credit to ventures requiring capital; they charge fees even while holding our money, and they impose exorbitant charges for international transfers: transactions that can take several days to process. Meager nominal interest rates earned on our fiat savings pale in comparison to inflation. Centralized finance is becoming obsolete.
Decentralized finance offers universal access to savings accounts with positive real interest rates, as well as access to credit backed by crypto assets. Competition between Ethereum and Binance blockchains is driving a broad reduction in gas fees. Wallets such as MetaMask and Trust Wallet are available for free, providing a gateway to innovative financial services.
While Bitcoin remains the undisputed leader as a unit of account, its suitability as a medium of exchange is increasingly questioned due to high transaction fees and slow processing times. Bitcoin’s dominance, and its role as a store of value, is being diluted. Today, more modern crypto-assets are available; these have shown greater resilience during recent market downturns and have delivered higher annual appreciation.
Second phase of Gnox presale continues to see strong demand. As of July 11, 2022, 73% of available supply had been sold at a promotional price of $0.0163 per unit; any unsold tokens will be burned. Once third phase of the presale concludes, Gnox tokens will be tradable via PancakeSwap. Holding Gnox tokens generates passive income: paid out hourly in the form of tokens, and monthly in stablecoins.
Rubén Rivero
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