Technicorum Holdings, incubator of innovative DeFi and NFT project KingSwap, announced that Gennix has gone live. Gennix is a microlending protocol, which has the purpose of reducing financial inequality on the blockchain. It has listed the $GNNX token on PancakeSwap and KingSwap and aims to create a fair system for all investors by taking advantage of high yields and low collaterals.
Keefe Tan, Project Director of Gennix, commented:
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“We’re thrilled to finally launch the full Gennix microlending platform as well as the Gennix token. We believe it will play an important role in shaping the borrowing and lending ecosystem on the blockchain,” said “The Gennix protocol was created to promote equality, transparency and trust. Listing on KingSwap and PancakeSwap ensures that users will be able to benefit from its low collateral and high yields via exchanges with low transaction fees and fast confirmation times for quick trade execution.”
Presale hard cap for GNNX set at 5,000,000
The presale hard cap for the $GNNX token was set at 5,000,000 with a public sale token price for $GNNX as $0.05 USD with a total token supply of 1,000,000,000. The token will run with BEP-20 and BEP-1155 token standard natively on the Binance Smart Chain.
Shareholders are becoming more and more averse to investments in projects based on their promises regarding sustainability. Gennix token and microlending protocol have implemented Blacklist capabilities and Trustscore protocol with a Proof-of-stake consensus model, which mandates the project team to stake their capital in the network.
Staking GNNX tokens will make it possible for users to increase their capital gains with numerous benefits in a short and long-term plan including:
- Interacting with lending and borrowing protocols
- Gaining community voting rights
- Binary option plans
- Buying exclusive Gennix NFTs that will lead to extra rewards
Lenders on the Gennix platform can use the GNNX tokens to generate passive income, prevent idle funds, and take advantage of higher interest rates on loans. Likewise, borrowers on the platform can use the tokens to hold digital assets by using them as collateral for a loan.
Promoting equality
Gennix offers benefits for stakers, lenders, and borrowers within the Gennix ecosystem. Staking the newly released token and engaging with the Gennix protocol will provide businesses with sufficient financing to cover daily business expenses.
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