Here Are the Cryptos That Are Generating Returns Despite Bear Market: Gnox (GNOX), Neo (NEO), and Fantom (FTM)
This content is provided by a sponsor
The bears have completely gripped the market within their claws, and there are hardly any convincing signs of a bottom formation. Amid fears of inflation and Fed rate hikes, even the best analysts are unsure about where the needles would turn.
However, despite all the uncertainties in the market, some tokens like GNOX, NEO, and FTM continue to generate returns for investors. Here’s how!
Gnox
With a groundbreaking concept in DeFi, Gnox is bridging the gap between crypto and fiat by simplifying yield farming for investors of all levels. Regardless of market conditions, GNOX token holders continue to accumulate stable coin rewards without any risks.
This is by virtue of a purpose-built treasury that is utilized to invest in safe liquidity pools, and the proceeds from these investments are shared with stakeholders. No additional steps have to be taken by the users to earn passive income, and this is what makes Gnox a safe investment even during the bear market. It is currently available at a presale price, and the rewards are expected to grow with the strength of the treasury.
NEO
Often dubbed as the “Ethereum of China”, Neo is a smart contract platform that supports various use cases like secure digital identity management and decentralized finance. The NEO economy is fueled by GAS, which can be earned by staking the native asset. Investors use on-chain wallets like Exodus, where one can periodically claim their rewards without following any complex procedures. Amid cryptos with insane APRs, NEO is an outlier that not only generates consistent returns but also provides security to investors.
Fantom
Fantom is a highly scalable platform of choice for DeFi applications, and the brainchild of Andre Cronje. One can passively earn FTM tokens by securing the network through staking. It is as easy as creating a wallet, depositing the token, and choosing a validator to stake with. Maximum flexibility is guaranteed for stakers, given the option to choose between lock-up and no lock-up. The staked FTM can also be used as collateral in Fantom Finance by minting sFTM in a 1:1 ratio. If you hold up to 500,000 tokens, you can also become a validator to earn higher rewards, in addition to a 15% fee.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
