Technicorum Holdings, an IT and service group specializing in digital assets, today announced Gennix, a microlending protocol aimed at reducing financial inequality on the blockchain, is now live and has listed the $GNNX token on KingSwap and PancakeSwap.
“We’re thrilled to finally launch the full Gennix microlending platform as well as the Gennix token. We believe it will play an important role in shaping the borrowing and lending ecosystem on the blockchain,” Gennix project director Keefe Tan said. “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 yields via exchanges with low transaction fees and fast confirmation times for quick trade execution.”
The Gennix microlending protocol and token have implemented a Trustscore protocol and blacklist capabilities with a proof-of-stake consensus model, requiring the project team to reveal their identities and to stake their capital in the network. This was done to assure the company’s commitment to sustainability, they said.
Staking the $GNNX tokens will allow users to have an option to increase their capital gains in a short and long-term plan. They can generate additional capital select staking pools, interact with borrowing and lending protocol. Participate in binary option plans, engage in community voting rights, and purchase exclusive Gennix NFTs that will lead to supplementary rewards
As lenders on the Gennix platform, users will be able to use the $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 activities and arbitrage opportunities.
The presale hard cap for the $GNNX token is set at five million with a total token supply of one billion. The public sale token price for $GNNX as $0.05. It will run natively on the Binance Smart Chain with BEP-20 and BEP-1155 token standards.