Gennix Microlending Platform and Lists $GNNX Token on KingSwap and Pancakeswap

Gennix microlending protocol aims to use the tokens to reduce the wealth gap and create a fair system for all investors by utilizing low collaterals and high yields


SINGAPORE — August 20, 2021 — Technicorum Holdings, an IT and service group specializing in Digital Assets and successful incubator of innovative DeFi and NFT project KingSwap, today announced that Gennix, the 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,” said Keefe Tan, Project Director of Gennix. “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.”

Today, shareholders are becoming increasingly deliberate about investing in projects based on their sustainability models. In the past, projects undertook colossal promises in their roadmap but failed to deliver. In extreme cases, malicious creators siphoned retail investors capital, leaving users with less capital and less trust in an ecosystem that promotes an efficient decentralized financial system. 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.

Staking the $GNNX tokens will allow users to have an option to increase their capital gains in a short and long-term plan with numerous benefits including:

  • Generate additional capital Select Staking pools that generate the highest yields

  • Interacting with borrowing and lending protocols

  • Binary option plans

  • Gaining community voting rights

  • Purchasing 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 among other benefits including:

  • Prevention of having idle funds

  • Generate yield regardless of market conditions

  • Experience higher interest rates on loans relative to traditional savings

Similarly, Borrowers on the platform will be able to use the tokens to hold digital assets by using them as collateral for a loan, while leaving additional capital for other activities as well as taking advantage of of arbitrage opportunities to borrow on the Gennix platform and lend on other platform on the blockchain.

Engaging with the Gennix protocol and staking $GNNX will allow small businesses to have upfront financing to fulfill their daily business expenses and withdraw from using traditional financial outlets that benefit institutions rather than individuals. Instead, Gennix will promote everyone’s participation, providing benefits for Lenders, Stakers and borrowers within the Gennix ecosystem.

The presale hard cap for the $GNNX token is set at 5,000,000 with a total token supply of 1,000,000,000 with a public sale token price for ! $GNNX as $0.05 USD. The token will run natively on the Binance Smart Chain with BEP-20 and BEP-1155 token standard.

For more information on Gennix, please visit https://www.gennix.io/.

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ABOUT GENNIX

Gennix is a DeFi-built uniform Layer 2 lending protocol that’s designed to maximize scalability, composability, and growth. The project promotes end-to-end lending and borrowing of digital assets and related financial products by operating on public networks. A game-changing feature that distinguishes Gennix 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/.

ABOUT TECHNICORUM GROUP

Technicorum Group comprises of subsidiaries, a few which are regulated, specializing in various verticals in the Digital Assets space, with a one-stop-shop capability to launch, incubate and bring to the global market any blockchain, digital asset, fintech, NFT, DeFi etc project, and is primarily responsible for the KingSwap project, with references of over 100 ICO’s worked on in the past 3 years through its subsidiaries.

ABOUT KINGSWAP

KingSwap (https://www.kingswap.io/) is a DeFi project based out of Singapore with a **“regulated” token that introduces a liquidity pool platform with possible fiat conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectibles.

** “Regulated” — KingSwap commissioned Gravitas International Associates Pte Ltd, a Singapore Payment Service Act (“PSA”) exempt company, to issue the $KING tokens. A legal opinion regarding the token issuance has been submitted to the MAS in accordance with the PSA requirements. Gravitas has already submitted an application to the MAS for full licensing under PSA, and the said application is pending review. KingSwap itself has no license specific to DeFi projects, as there is no specific legislation anywhere in the world at this point in time, and is following the regulatory framework of the PSA in Singapore at the time of writing.

All product and company names herein may be trademarks of their registered owners.


For more information and resources on Gennix and its launch, you may follow these socials:


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https://gennix.io

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