The DeFi platform has been on a roller coaster so far in 2022. However, token prices specific to some DeFi platforms have fallen to previous levels of support, perhaps indicating a bottom and an imminent turnaround.
Two DeFi tokens to watch out for in the second half of 2022 are THORChain (RUNE) and Gnox (GNOX).
This decentralized exchange works like Uniswap. This platform allows users to exchange tokens between blockchains. All transaction fees are paid in rune tokens. Access to both native and cross-chain liquidity is open to everyone through the Python SDK.
According to their website, the more RUNE holders provide liquidity, the more accurate and deterministic RUNE. If more than 80% of the circulating RUNE tokens are locked in the THORChain liquidity pool, the market capitalization of RUNE should be at least three times the value of all non-RUNE assets locked in the THORChain liquidity pool. .. Currently, 73% of RUNE is locked in the THORChain liquidity pool.
THORChain (RUNE) has been on a roller coaster since its launch in 2019. By the end of the year, prices had risen 700%. At the beginning of 2021, the RUNE was priced at $ 1.20 and its market capitalization increased from $ 10 million to $ 205 million.
By mid-year, RUNE had reached a record high of $ 21.20 and had a market capitalization of $ 4.89 billion. However, within five days of reaching its highs, the wider crypto market was put into tanks, RUNE fell to $ 3.30 and market capitalization was $ 1.89. By the fall, investors had pushed prices up to $ 16.
The point here is that RUNE has recently returned to the $ 3 range and support has been found several times in the past. Twice in 2021 and twice in 2022. This may indicate that the token will bottom out and become juicy. rebound.
GNOX Token is a new child of DeFi block. This project has fresh ideas to make high-yielding agriculture fast and easy. Its mission is to level the competition for new investors and those who do not have the time to study various staking opportunities. All investors on the platform get the same rewards in proportion to their GNOX holdings.
The way it works is for Gnox’s team of DeFi experts to do all the research. The investment is made by the Ministry of Finance. Next, funds are bet to generate a consistent and passive monthly income. The increase in fairness is due to everyone holding a GNOX token.
In addition, an additional 1% of each network transaction is credited directly to all owners every 60 minutes. This has nothing to do with the token price action.
An interesting thing to note about GNOX is that the platform hasn’t been released yet and token sales are already strong. Pre-sale of GNOX tokens will begin on May 12, and the team will be available in the third quarter of 2022.
GNOX is arguably one of the top DeFi platforms to watch in 2022.
Details of Gnox:
Participate in the pre-sale: https://presale.gnox.io/register
Always do proper research when dealing with pre-sale of currencies and tokens. The above information does not constitute investment advice by CryptoMode or its team and does not reflect the views of the website or its staff.
CryptoMode creates high quality content for crypto companies. We’ve provided brand exposure to dozens of companies so far, and you can be one of them. All clients appreciate our value / price ratio. If you have any questions, please contact us. [email protected]
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial loss caused by acting on the information provided on this website by its author or client. Reviews should not be done at face value. Always investigate before making a financial promise.