Technicorum Holdings, who specialise in Digital Assets and are behind KingSwap, a wildly successful DeFi and NFT project, announced that microlending protocol Gennix, which aims to reduce financial inequality on the blockchain, has reached a business agreement with Digital Treasures Center (DTC) to integrate fiat – crypto payment for consumers.
Keefe Tan, Project Director for Gennix, commented:
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
“We have seen the greatest success when opportunity drives collaboration. Gennix has identified the specific challenges that a partnership with DTC can solve. We have identified the pain points of our users, what worries them and how we can better serve our community.”
El Lee, COO of Digital Treasures Center, added:
“DTC is delighted to be a strategic partner to Gennix and potential future developments for the DeFi ecosystem. DTC acts as a payment gateway and liquidity provider for Gennix users to convert between fiat and crypto. Onboarded users also get access to DTC’s compliant and secure wallet solution that complements the decentralised platform at Gennix.”
Gennix enables participation for everyone
The protocol offers holders, lenders, stakers, and borrowers numerous advantages within its ecosystem. The strategic partnership offers all protocol users a simple and easy payment gateway. They can sell or buy $GNNX tokens or exchange them for a stablecoin, then convert it into fiat money. DTC integration on the Gennix platform offers the community secure, faster, and reliable payments.
Another advantage offered by Gennix is the option to buy $GNNX tokens through its platform and other DEX on Binance Smart Chain such as PancakeSwap and the option to convert fiat money into Tether (USDT/USD), Bitcoin (BTC/USD), Ethereum (ETH/USD), and other ERC20 tokens. Shareholders are getting more and more careful about what to invest in, but Gennix ensures sustainability and puts investors’ minds at ease. They can buy or withdraw up to $1,000,000 in fiat directly from or to their local banks from/to the Gennix platform.
Promotes end to end digital asset borrowing and lending
Gennix promotes this kind of digital asset lending and borrowing by running on public networks. The introduction of NFT yield boosters is one more game-changing feature that sets Gennix apart from other DeFi projects.
67% of retail CFD accounts lose money