1. PROJECT OVERVIEW: WHAT IS Gennix?
Gennix is a Layer 2 borrowing and lending protocol with an added binary options feature. Our goal is to allow retail and institutional investors to gain access to sophisticated financial tools to enable them to gain more capital.
We also plan to have an NFT structure that adds utility to users through extra staking rewards, $GNNX token airdrops, and platform trading fee discounts.
Gennix solves the solution of over-collateralization of crypto loans in the crypto borrowing/lending market. Currently, borrowers who wish to take loans have to supply upwards of 150%-200% collateral to take a loan. This is not feasible as it poses a barrier to entry for taking loans in the crypto space.
Our binary options platform allows users of Gennix to part with lesser upfront capital while still being exposed to the volatility of the crypto market - thus enabling users to gain more capital with less risk via the presence of an automated payout multiplier based on demand and supply.
Gennix brings together a team of blockchain experts with skills across various industries with the relevant expertise required to make our borrowing/lending platform a success.
2. A. GO-TO-MARKET STRATEGY
Gennix is reliant on the expertise of dominant incumbent blockchain professionals that have launched over 100 successful ICOs over the past 4 years.
Two financial tools have been developed that have already been discussed above and will be elaborated more in later sections.
By leveraging on existing and reputable investor networks, Gennix can raise enough capital to cover all its operational costs and provide an exceptional marketing strategy that will boost our position among the incumbent crypto borrowing/lending projects and capture a significant portion of their market share.
Gennix utilises a trustscore system, which allows borrowers to supply lesser to no collateral when taking loans, thus reducing the probability of loan defaults. This, together with the implementation of microfinancing, provides for a smaller volume under collateralized loans. The safety and security of our users' funds are maintained via blacklisting capabilities - which excludes bad actors or malicious entities from exploiting our platform.
2. B. PRODUCT VIABILITY
Several borrowing and lending protocols have integrated flash loans onto their systems - loans are taken by borrowers who supply no collateral and repay their loans with interest within 1 block time. However, this system is prone to malicious entities who wish to take advantage of the abundance of liquidity on the platform. Gennix does not offer flash loans but offers a safer, more efficient microfinancing protocol.
Some platforms also are owned by centralised entities, which means the token balances on platforms are only a reflection of assets owned. However, Gennix is built to be highly decentralized, allowing users to truly own their assets and mitigate the possibility of a “bank run” in CeFi terms.
The holdings of “gToken”s (Gennix Liquidity Pool Token) represent the assets in their respective pools. Liquidity Token holders retain gTokens in a proportionate sum that reflects the user's share of the pool and entitlement to interest received over time from the monetary sector. Users can get gtokens by lending their assets to our borrowing and lending platform. These gtokens can be staked in our staking pools to generate GNNX tokens, thus increasing their capital regardless of market conditions.
Users have the option to choose what asset to supply as collateral, given that the smart contract approves it as a collateral asset for taking a loan - without having to negotiate the terms of trade with the Gennix platform - leading to an efficient and transparent borrowing/lending protocol.
3. PRODUCT ROADMAP
- Build and launch our borrowing/lending platform
-Collaborate with major CEX/DEX
-Integration of credit rating system
-Expand into Asia and Europe
-Listing on major CEX/DEX
price feed oracles
-Launch binary options
-Upgrade platform UI/UX
tokenized shares, stocks, commodities and more as collateral
-Refreshed UI/UX with
-New Dashboard for
analytics across multiple chains in real-time
4. REVENUE STREAMS
Sale of NFTs
Resale of NFTs
NFT token appreciation
Reserve Factor treasury
Staking pool fees
Platform trading fees
5. PRODUCT DIVE / USE CASES
Borrowing and lending microfinancing protocol
Less to no collateralisation owing to use of trustscore protocol and blacklisting capabilities
Binary options platform
6. TECHNOLOGIES USED AND CREATED BY THE PROJECT
Gennix was developed on the Binance Smart Chain (BSC), which is blockchain agnostic and highly interoperable. This means the ecosystem in which our platform was developed is “future proof” against innovations in the blockchain space, as we can integrate our ecosystems with new disruptive technologies that may revolutionize our industry.
BSC was built from the ground up to be Ethereum Virtual Machine (EVM) Compatible, which allows us to use the tools of the Ethereum ecosystem such as smart contracts and DApps, which opens up infinite possibilities on our decentralized platform.
Gennix uses Layer 2 scaling solutions - Side chains. This allows users to move digital assets from one blockchain to a side chain and move it back as needed. This means many transactions can happen on the side chain, whereas only one transaction occurs on the main chain. This translates to an incredible amount of scalability, fast transaction speeds, and low gas fees.
Dean Marjanovic, CEO
Celilsemi Sam Erkiner,
Lead Technical Consultant
Lead Blockchain Consultant
Dang Tran, Senior
Operational Risk Analyst
Steven Yuan, IT
Business Analyst Consultant
Technical and Marketing Specialist
The Investors of Gennix are mostly people already familiar with borrowing and lending protocols and see the need for a new and improved system that does not require the over collateralization of loans.
9. TOKEN ECONOMY
All users of the platform will be able to buy our NFTs to get additional rewards and benefit from NFT price appreciation due to the scarce nature of our NFTs.
There will be staking pools where users will be able to stake their tokens to generate extra yield on their capital. Also, users can lend their assets out to borrow to gain interest on their loans.
10. DETAILED TOKEN METRICS
|Initial Token Circulation:
|Valuation for Public Round:
|Total Raise (All Rounds):
||17 Months Locked, 50% unlocked in Month 18, 5% Monthly After
||14 Months Locked, 50% unlocked in Month 15, 8% Monthly until month 21, last 2% to be released in month 22
Private Sale 2
||11 Months Locked, 50% unlocked in Month 12, 10% Monthly After
11. TOKEN DISTRIBUTION
12. TOKEN RELEASE SCHEDULE