For people in the Middle East, buying cryptocurrencies is not only an opportunity to invest but also a way to protect their funds from currency depreciation and financial disasters.
Decentralized payment systems are not new to the Middle East. For years, people bypassed established banks by using the Hawala (Trust) system as an informal value transfer channel. However, in the case of cryptocurrencies, the Hawala system has been replaced with algorithms, which are the basis of the nature of cryptocurrencies.
Over the last several years, people in the Middle East have been more interested in cryptocurrencies. The region has emerged with a fast-rising presence of cryptocurrency-related service providers, exchanges, and trading platforms.
Crypto analysts are now looking at particular projects that are gaining popularity in the region. Let us now look into these two tokens: PancakeSwap and Gnox.
According to The Block’s Data Dashboard, PancakeSwap is one of the most popular decentralized exchanges, accounting for 14.43 percent of DEX trade volume in May, totaling $18.94 billion.
Over 13.5 million people visit PancakeSwap every day. On PancakeSwap, there are 4,260 tokens available. This figure is significantly higher than the number of tokens listed on centralized cryptocurrency exchanges. On the platform, token exchanges happen quickly and with minimal transaction fees.
There are liquidity and stake pools on PancakeSwap, excluding clearing transactions. Guests can earn CAKE by supplying capital in exchange for various tokens. It also has the capability of connecting to the current platform through Binance.
Gnox Token (GNOX)
Gnox has been getting a lot of attention recently, not just in the Middle East but worldwide. Gnox’s strategy is focused on long-term investors, whereas PancakeSwap’s is focused on transactions.
“Gnox was intended to make DeFi earning simple and frictionless for entry-level investors,” according to the company’s website. “Yield farming as a service” is a feature of the platform. The goal is to save time while lowering the risk for crypto investors.
A group of top DeFi experts researches and invests the assets in staking platforms, liquidity pools, and other similar platforms. Its objective is to enhance profits while lowering risks. After that, all gains are distributed proportionally among GNOX holders.
What makes this so enticing is that most crypto investors lose money because they lack the knowledge or the time to conduct the necessary research to identify the best staking and investing opportunities.
The mission does not start until the third quarter. The company’s initial coin offering, on the other hand, is currently in progress, and sales appear to be fast.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.