Top 3 Crypto Bets For August 2022 And Beyond GryffinDAO Nexo and Quant

Cryptocurrencies have expanded beyond being simple payment mechanisms and are now being considered stores of value and investment instruments. These digital assets offer a unique mix of high security, decentralised governance, and high transaction speeds. A market that functions 24/7 throughout the year also allows unmatched liquidity and access to trading. GryffinDAO (GDAO), Nexo (NEXO), and Quant (QNT) are three cryptocurrency tokens that could provide potentially high returns in the future. Read on to discover more about the utilities offered by these three coins.

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GryffinDAO introduces stable earnings through DeFi for retail participants

The GryffinDAO is a highly decentralised ecosystem that will be powered by the native token, GDAO. It will offer decentralised finance (DeFi) solutions for retail participants.

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The GDAO Token will be backed by assets and offer unmatched reliability and will not lose value in times of extreme volatility. This feature makes it the perfect currency for powering transactions. Holders will benefit from a potential long-term appreciation of the token and will be able to counter volatility as it is backed by a basket of assets.

The ecosystem will include support for the NFT gaming platform and users will be able to mint and trade these digital assets through the native platform. It will provide an additional revenue stream for the holders of the GDAO Token.

The GDAO Token will be deployed on the Binance Smart Chain but will also support cross-chain functionality. It will allow users to trade on multiple networks easily and quickly. It will also ensure compatibility with the Ethereum Virtual Machine.

Holders of the coin will be able to earn additional sources of revenue through staking and liquidity mining. Yield farming options will allow holders to make additional gains on multiple blockchain networks. Users will also be able to save on expensive gas fees.

The network will be governed in a decentralised manner through a DAO and holders of the GDAO Token will be entitled to vote on community proposals. The GDAO Token will be made available for purchase through a presale at very attractive prices.

Nexo introduces a zero-fee model for crypto purchases

Nexo is a cryptocurrency lending solution powered by the NEXO Token. For a limited period, it has introduced a zero-fee model for the purchase of cryptocurrencies. Interested users can head over to the official site and get coins without paying anything extra. The Nexo platform allows easy borrowing by offering collateralization in the form of accepted mainstream cryptocurrencies. It will soon introduce an over-collateralized model to ensure that bad players cannot exploit the system. The NEXO Token has delivered great returns in the past and can also be considered for the long term. It offered DeFi solutions and the ability to take loans at very attractive rates of interest.

Quant introduces a beta version of Overledger Tokenise

The Quant network has been developed to offer highly scalable interoperable payment solutions. It is one of the pioneering blockchain networks that has actively worked to solve the issues of interoperability between different blockchain networks. The Quant network utilises a native token known as QNT. The QNT network has recently announced the launch of Overledger Tokenise which will allow easy deployment of interoperable tokens on its network and other chains. The QNT Token might witness a short-term rally and can also be considered for the potential long-term.

These three cryptocurrencies can be added for the long term as they offer a great set of utilities. All three have introduced DeFi solutions for their users and are also working on interoperable solutions. Avoid trading in the short term as cryptocurrencies tend to exhibit a lot of volatility but a long-term strategy can potentially provide higher returns. Always do your own research (DYOR) and evaluate a project in terms of its utility and road map