A Closer Look at New and Old DeFi Projects; Gnox (GNOX), Pancakeswap (CAKE) and Quick Swap (FAST)

If you’ve gotten to a point in your crypto investing adventure where you’re asking questions like, “What the heck is a PancakeSwap?” then this article is especially for you. If you’re already familiar with DeFi, this article features a lesser-known DeFi platform that you might want to learn more about, as it will appeal to your less-savvy family and friends looking to get into long-term crypto investing.

Let’s take a closer look at the PancakeSwap (CAKE), QuickSwap (QUICK), and Gnox (GNOX) DeFi platforms.

QuickSwap (QUICK) – Like Uniswap, only cheaper

QuickSwap is an automated market maker application running on the Polygon network. While all transactions are secured by the Ethereum network, Polygon offers faster and cheaper transactions. Like most DeFi platforms these days, QUICK can be used for passive income.

QuickSwap is actually a fork of the legendary Uniswap DEX, offering the same liquidity pool model and lower fees. It offers similar features and user interface. The platform offers 125 different crypto assets and more than 600 trading pairs.

QuickSwap is quickly gaining momentum and will give Uniswap and other decentralized exchanges a good bang for their buck, so to speak.

PancakeSwap (CAKE) – A DEX for professionals

PancakeSwap is another DEX that offers yield farming opportunities. However, PancakeSwap is a bit more complex and offers a richer range of possibilities. While it’s definitely not a great place for beginners, it’s very popular with professional yield farmers.

Many of these people have recently abandoned centralized exchanges like rats from a sinking ship for fear of having their funds frozen. This, combined with the crypto regulations being rolled out, makes PancakeSwap a popular destination for those looking for a truly decentralized and pseudonymous DeFi platform.

Gnox (GNOX) — yield farming as a service

While platforms like PancakeSwap and QuickSwap offer some cute yield farms, there’s a catch. You have to do all the research and work yourself. While this may be fine for seasoned professionals, it is not advisable for crypto newbies.

Gnox offers the ideal DeFi platform for long-term oriented crypto investors. Just buy and hold GNOX tokens and the rest will be done for you. You gain access to a diversified portfolio of cryptocurrencies and passive income generation opportunities from multiple platforms and blockchains such as liquidity pools, peer-to-peer lending platforms and staking opportunities. It’s called “yield farming as a service”.

Gnox has some great features like a perpetually deflationary supply, hourly passive income airdrops, as well as some nice incentives to get in early via pre-sales.

The Gnox platform will officially launch in mid-August. However, you can participate in the pre-sale of the GNOX token by visiting the Gnox.io website. The nice thing is that all unsold tokens are burned before going to the exchange. This ensures a fair launch, increases the price and starts the ever-decreasing supply.

Learn more about Gnox:

Join the 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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