Blockchains are public databases meaning all transactions are visible to all network participants. This means DeFi (decentralised finance) offers a more transparent financial framework than its predecessor TradFi (traditional finance). But for the investor, looking at on-chain data can be an excellent tool for tracking the movement of capital and discovering key growth areas within the sphere. On-chain data shows investors from the Ethereum (ETH) and Cardano (ADA) networks are buying the yet-to-be-released GNOX token.
Gnox (GNOX)
Gnox has concluded a massively successful second presale stage where maximum allocation was reached. All available tokens were sold. On-chain data shows that Ethereum and Cardano investors played a prominent role in this event. Entering its final presale stage, scheduled to launch on the BSC (Binance Smart Chain) in Q3 this year, how far can this protocol go?
Gnox Analysis
Why are investors from Ethereum and Cardano buying GNOX? The answer is simple, passive income. Gnox’s developers have designed a protocol that makes DeFi earning easy. Utilising existing assets to generate more assets is what has caused DeFi to develop so rapidly, but the sphere is replete with dangers. Bad actors are everywhere, yields are constantly changing, and investors must constantly adjust and move their funds around to continue earning. Gnox’s treasury earns for the investor and is the first treasury designed with the investor in mind. Deployed in longstanding DeFi protocols, every month, all generated proceeds are swapped into stablecoin and split amongst investors. This single investment vehicle is a welcome breath of fresh air and makes DeFi earning easy and accessible.
Ethereum (ETH)
The Ethereum network and its introduction of smart contracts created DeFi. Vitalik Buterin and other developers’ contributions to creating an alternative financial framework are incredible. And Ethereum is still busy building yet remains hamstrung by its low throughput. However, the notorious merge draws closer and closer to where the Beacon Chain will go live, and Ethereum will transition from Pow (Proof of Work) to PoS (Proof of Stake), bringing a much-needed upgrade to its throughput.
Investors are staking their ETH to earn a staggering 4% return on a blue chip crypto project. With ETH trading at $1,513, there is no telling how high it can rally post-merge.
Cardano (ADA)
Cardano the famously mathematical network designed and developed by Charles Hoskinson. This network has also been busy building and will soon introduce its Vasil upgrade, a massive overhaul to the network.
The Cardano network uses a PoS consensus mechanism, and one of the most bullish indicators of this project is that 73% of the total supply of ADA is currently staked to support the network. Investors only stake crypto when they believe it will appreciate in the future- showing that the majority of ADA holders expect it to grow.
Final Thoughts
Ethereum and Cardano investors love to generate passive income with their assets, and the single investment vehicle provided by Gnox with its monthly stablecoin income has proved highly attractive. Early investors wait in anticipation to see how this project performs when it hits the open market; given that it sold out its second presale stage, Gnox is primed to rally at launch.
Find Out More Here:
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
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