Here we cover three altcoins that, while they may not be direct competitors, all have the potential to make long-term holders very rich: HNT with its first-mover advantage, FTM with its innovative layer-1 smart chain, and GNOX with its yield-farming-as-a-service model.

Let’s delve.

Helium (HNT)

Helium (HNT) is the first decentralized wireless network. Essentially, this is a blockchain-based network for IoT devices. It uses mining nodes as Hotspots which can be used by wireless devices to connect to the network. Notably, the project is backed by crypto venture capital firms a16z and Alameda.

Being the first to market with this concept, it would be hard for any company (or DAO) to catch up aside from big-name tech companies like Google. If this project does catch on with mainstream consumers, there is a chance that this privately held company could see a big buyout in the future. Its fully-diluted market cap is nearing $2 billion.

Fantom (FTM)

Fantom (FTM) was developed to address the limitations of the Ethereum network. Its opensource blockchain is highly scalable, secure, EVM-compactibile, and incorporates industry-leadering oracles such as Chainlink and Band Protocol.

Interestingly, Fantom creates an entirely new blockchain for each deployed smart contract thus making it very popular with dapp developers. And 200+ dapps have already been launched on the Fantom blockchain including popular DeFi names such as Curve (CRV), 1inch (1INCH), and Yearn Finance (YFI), as well as Metamask, Coinbase Wallet, Trust Wallet, and much more.

Currently way down in the #60 spot in terms of market cap, Fantom is a potential competitor for a Top 10 spot which could produce a more than 12X rise in price from here. No one expects it to go away any time soon.

Gnox (GNOX)

Gnox is an innovative DeFi utility platform that offers what they call “yield farming as a service.” A portion of its native GNOX token (6% of every sale) is moved into a treasury. It can be thought of as a yield farming pool.

A team of DeFi analysts then invests the funds into a basked of DeFi opportunities across several blockchains and platforms, thus spreading out the risk. (This helps DeFi investors avoid the risk of losing their entire investment as some did with the downfall of UST.)

Periodically, the gains from these activities are used to buy back GNOX tokens on the open market. These tokens are then “burned” thus reducing the supply and increasing the value of the token. This makes GNOX one of the rare deflationary tokens.

On top of the yield farming activities, a 1% “tax” on all GNOX purchases is redistributed to current holders once every hour. This incentivizes early adoption and holding behavior, which, in turn, increases demand for the token.

Unlike most DeFi platforms, there are no losers on Gnox. Everyone shares in the same rewards. And all they have to do is hold the token. All the research and risk management is done for them.

GNOX is currently in presale. So, if you’re the early adopter type, then you have until July 12th to get your hands on a limited supply of tokens before the platform launches (less than one week later).

Learn more about Gnox:

Join Presale: https://presale.gnox.io/register

Website: https://gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Instagram: https://www.instagram.com/gnox.io/