Technicorum Holdings, an IT and services group specializing in digital assets, today announced Gennix, a microcredit protocol aimed at reducing financial inequality on the blockchain, is now live and has listed the $ GNNX token on KingSwap and PancakeSwap.
“We are delighted to finally launch the full Gennix microcredit platform as well as the Gennix token. We believe it will play an important role in shaping the blockchain borrowing and lending ecosystem, ”said project director Gennix. Keefe tan noted. “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 returns via trades with low transaction fees and fast confirmation times for quick trade execution.
The Gennix microcredit protocol and token implemented a Trustscore protocol and blacklisting capabilities with a proof-of-stake consensus model, requiring the project team to reveal their identity and invest their capital in the network. This was done to ensure the company’s commitment to sustainability, they said.
Staking $ GNNX tokens will allow users to have the opportunity to increase their capital gains in a short and long term plan. They can generate selected staking pools for additional capital, interact with borrowing and lending protocol. Participate in binary options plans, engage in community voting rights, and purchase exclusive Gennix NFTs that will lead to additional rewards
As lenders on the Gennix platform, users will be able to use $ GNNX tokens to generate passive income from interest on loans. Borrowers can use the tokens to hold digital assets by using them as collateral for a loan, while leaving additional capital for other arbitrage activities and opportunities.
The presale cap for the $ GNNX token is set at five million with a total token supply of one billion. The price of the public sale token for $ GNNX is $ 0.05. It will work natively on the Binance Smart Chain with the BEP-20 and BEP-1155 token standards.