While Bitcoin (BTC) and other well-known cryptocurrencies are losing liquidity, three cryptos have stood out for being the most held coins during the bear market: Gnox (GNOX), NEO (NEO), and IOTA (MIOTA).
Gnox is a relatively new player in the market, which is still in its preselling stage. Built on the Binance Smart Chain (BSC), Gnox aims to widen access to DeFi investment. It has a yield-generating treasury and a tax mechanism that benefit token holders. As Gnox is oriented towards growth and rewarding investors, many analysts are referring to it as recession-proof. As such, investors are flocking to buy its token, GNOX, before launch. This uptake has resulted in a 63% price increase within the first month of presale. During its Phase 1 presale, Gnox sold approximately 49.5 million tokens. Now in its Phase 2 presale, the platform has so far sold 13.1 million tokens. Owing to the large demand for its token, Gnox will have a Phase 3 presale.
Similar to Ethereum, NEO is a blockchain platform for smart contracts and decentralized applications (dApps). Developed and founded in China, the platform quickly attracted venture capitalists, which then enabled it to expand well beyond Asia. NEO is known for speed and low cost. It can process approximately 1,000 transactions per second. It also maintains a governance token and a gas fee token, which help drive use and scalability. The maximum supply of NEO is 100,000,000 and the circulating supply stands at 70,538,831.
IOTA is a network designed for the Internet of things (IoT) that can process billions of transactions per second. It is said to be a re-engineered blockchain that aids interconnectivity between devices and sensors. Geared towards supporting machine-to-machine payments, IOTA leverages a Directed Acyclic Graph (DAG) that does not require fees and has unlimited scalability. As such, it is very attractive to users and investors. The total circulating supply of its token, MIOTA, is 2,779,530,283.
The bottom line
Investors are buying and holding on to these three tokens because they offer so much more than an inherent value that could be exchanged for other currencies. They present innovative approaches to using the blockchain technology that could scale exponentially in years to come.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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