SINGAPORE, July 20, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) ââ Technicorum Holdings (https://www.technicorum.com/), an IT and services group specializing in digital assets and DeFi’s successful incubator and NFT innovative project KingSwap, today jointly announced the Gennix microcredit platform, launched in August. Gennix is ââa decentralized, frictionless digital asset borrowing and lending protocol that leverages Layer 2 scaling solutions on the Binance Smart Chain (BSC). Gennix is ââdesigned for everyone from working professionals to investors and entrepreneurs. By using low guarantee ratios and yield boosters, Gennix intends to create a fair system that generates income for all investors with the aim of reducing the wealth gap between socio-economic classes.
A recent spike in services in the DeFi lending industry has benefited both lenders and borrowers. Unlike its competitors, Gennix has beefed up security and uses the BSC ecosystem to take advantage of high transaction speeds and low gas fees, resulting in a highly decentralized and efficient borrowing / lending platform. This allows long term investors to lend assets and earn higher interest rates. This is in stark contrast to traditional finance, where centralized financial institutions take over investor assets, offer low interest rates on deposits, and charge high interest rates on loans. In addition, Gennix offers a binary options platform, which allows users of the platform to access sophisticated financial tools, simplified by an intuitive user interface.
âMany DeFi / CeFI borrowing / lending platforms in place require excessive collateral for users to take out loans. They also charge high platform fees and offer below average returns, âsaid Keefe Tan, Gennix project manager. âGennix is ââturning the tide by providing investors with a transparent lending and borrowing tool with more equity and higher returns for new and old investors. The utility of DeFi and crypto will continue to increase, uniquely positioning Gennix in a prime location to capture a large chunk of market share. ”
Many DeFi lending platforms have been developed on the Ethereum ecosystem. Development on the Ethereum blockchain allows developers to access a host of tools such as smart contracts and DApps, but has severe scalability limitation, along with high gas fees and slower transaction speeds. slow compared to development on the Binance Smart Chain (BSC).
BSC was designed from the ground up to be compatible with EVM (Ethereum Virtual Machine) and is highly scalable, interoperable and blockchain independent. Interoperability is a concept by which different blockchains can communicate with each other, while allowing the fluid sharing of information between different blockchains. Being blockchain agnostic means that the Gennix ecosystem is not constrained to using a singular blockchain protocol – effectively protecting the platform from unexpected developments in the blockchain space.
Microcredit on the Gennix platform aims to replace the income pillars of the current financial system by charging significantly lower interest than traditional banks with fixed-term credit. This not only eliminates the middleman, but allows investors in the https://gennix.io/ ecosystem to use their capital for investments, rather than fees. The implementation of binary options aims to simplify seemingly complex options trading systems and allow users to generate more wealth while decreasing their capital’s exposure to the volatility of the crypto market.
Gennix will offer different levels of NFTs, but unlike most NFTs which only serve as collectibles, our NFTs offer our users large amounts of utility through GNNX Token Drops, Trading Fee Bonuses and additional wagering rewards.
Gennix’s proof of stake reputation model increases the security of this project. Reputation on DeFi lending / borrowing platforms is paramount to the success of our project – because having little or no collateral while taking loans requires the utmost confidence that the borrower will repay the loan plus interest on time. . This is made possible by leveraging our trusted protocol and blacklisting capabilities, thus ensuring that we have the highest quality of borrowers and lenders across all DeFi borrowing / lending platforms – thus securing our position in as dominant entities in this faction of the crypto space.
For more information on Gennix, please visit https://www.gennix.io/.
ABOUT THE TECHNICORUM GROUP
Technicorum Group comprises subsidiaries, a few of which are regulated, specializing in various verticals of the digital asset space, with one-stop-shop capability to launch, incubate and bring to the global market any blockchain, digital asset, fintech, NFT, DeFi etc, and is primarily responsible for the KingSwap project, with referrals from over 100 ICOs that have worked on over the past 3 years through its subsidiaries.
Gennix is ââa uniform Layer 2 loan protocol built by DeFi, designed to maximize scalability, composability and growth. The project promotes end-to-end lending and borrowing of digital assets and associated financial products by operating over public networks. A revolutionary feature that sets Gennix apart from other DeFi projects is its foundation on the latest innovative BSC network and the introduction of NFT yield boosters. For more information, visit http://www.gennix.io/.
Company contact: [email protected]
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