A game-changing feature distinguishes Gennix from other DeFi lending and borrowing platforms.
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, announced the official launch of the Gennix microlending platform today. Gennix microlending protocol aimed at reducing financial inequality on the blockchain is now live and has listed its $GNNX token on KingSwap and PancakeSwap.
Gennix token sales are now open to the public at $0.05 with a total token supply of 1,000,000,000. Gennix token will run natively on the Binance Smart Chain with BEP-20 and BEP-1155 token standard listed on KingSwap and PancakeSwap DEX.
Gennix is a DeFi Layer 2 lending protocol designed to maximize scalability, composability, and growth. The project promotes end-to-end lending and borrowing of digital assets and other related financial products that operate on a decentralized network.
The Crypto lending market has a large supply but limited demand for loans. Gennix platform however was designed to offer a much lower collateral ratio to welcome more borrowers.
Gennix is a firm believer in promoting fair and equal opportunities for everyone. The protocol was designed to reduce the wealth gap and create fair wealth generation through lower collateral ratios and yield-boosting features. Gennix microlending protocol enables customers to deposit collateral with an option to get a lower APR loan that must be repaid before they can reclaim their collateral. This game-changing feature distinguishes Gennix from other DeFi lending and borrowing platforms.
Gennix is developed on the Binance Smart Chain (BSC) network and offers a collectible digital asset known as Non-Fungible Tokens (NFTs) built on token standard BEP-721 and BEP-1155 with added utility and additional value for investors.
Gennix NFT was designed to represent more complex financial products like insurance, bonds, and other options available in the DeFi lending ecosystem. NFTs holders can sell, exchange, transfer and lend their NFT to bridge and serve multiple industries.
The five inaugural Gennix NFTs are named after utilities included within the Gennix ecosystem. Each NFT dictates the tier and its membership status for privileged access to token airdrops, trading fee bonuses, and additional rewards ranging from $0 to $3,500. Gennix NFTs will also be made available for purchase at NFT marketplaces to be announced shortly.
Visit www.Gennix.io for more information.
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.
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