How Gnox (GNOX) Challenges Popular DeFi Tokens Such As Ethereum (ETH), Cardano (ADA), and XRP (XRP) – CryptoMode

There are such a lot of cryptocurrencies for traders to select from, understanding which of them are worthy investments and that are duds is difficult, to say the least. As a substitute of betting one horse, you might select to sink your hard-earned cash into a couple of prime Layer 1 blockchains corresponding to Ethereum, Cardano, or XRP. In case you put money into a basket of Layer 1 tasks, not solely is there no assure the value will go up, however you’re simply competing towards your self. It’s like betting on each horse within the race. It’s nice for the horse however not so nice for you.

However what for those who didn’t have to decide on which tasks to put money into? There’s a significantly better approach to method crypto investing, particularly for those who’re a newcomer or somebody who doesn’t have the time to analysis, establish, and babysit their crypto investments. It’s referred to as Gnox Token, or just GNOX. 

Whereas everybody else is watching their Layer 1 investments and having fun with a rollercoaster journey of volatility, due to GNOX, you may put money into a decentralized finance challenge that’s designed to supply ongoing passive earnings in all market situations and that has a built-in deflationary mechanism. On the similar time, you may put money into a diversified basket of passive-income-providing DeFi alternatives, thus significantly thinning your dangers. 

You may consider GNOX as a crowdfunding challenge. GNOX holders are getting collectively and pooling their monetary sources to fund a treasury. The treasury is invested in staking rewards, lending platforms, and liquidity swimming pools that produce passive earnings. Revenue from these actions is used to purchase again and burn GNOX tokens. This reduces the availability and boosts the value of everybody’s tokens. A portion of gross sales can also be airdropped again to present holders as soon as each hour offering much more passive earnings. 

As a result of the treasury is funded with a royalty on token gross sales, it doesn’t matter whether or not we’re in a bull market or a bear market. All gross sales of the token enhance the treasury which in flip will increase the circulate of passive earnings. This royalty additionally squelches volatility as a result of it discourages short-term buying and selling. 

So who decides the place these investments are made? The reply is that every one GNOX holders are in a position to vote on which passive earnings alternatives are worthy of funding. Previous to any vote, nonetheless, the Gnox platform backend aggregator collects information on scores of passive earnings offers throughout quite a few platforms and blockchains. That information is then analyzed by a workforce of professional DeFi traders who make suggestions based mostly on their information and expertise. 

One of the best time to get into this challenge, for those who select to take action, can be now. That’s as a result of the challenge remains to be an ICO. The presale is being carried out in three levels with every stage allotted a portion of the availability of GNOX tokens. Any tokens which might be unsold at every part are burned inflicting the value to rise (similar market cap, decrease provide). Thus, the sooner one adopts the token, the extra their stack shall be price when the platform launches in mid-August and the passive earnings kicks in.

So now you’ve gotten a alternative. You may be by yourself and guess on a number of horses within the Layer 1 steeple chase, or you may work along with a group of crypto traders in a challenge that produces passive earnings in each good occasions and unhealthy. We’ll wait.

Be taught extra about Gnox:

Be part of Presale: https://presale.gnox.io/register

Web site: 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/

All the time conduct correct analysis when coping with pre-sales of currencies and tokens. The data above doesn’t represent funding recommendation by CryptoMode or its workforce, nor does it mirror the views of the web site or its workers.

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