The crypto carnage is the most unpleasant thing for any investor. Seeing your portfolio going down the mud is not an easy sight to behold. However, amid all the negative noise, those who believe in the bright future of cryptocurrency are rewarded for their patience.
An upcoming DeFi protocol, Gnox has investors bullish on the back of its strong fundamentals and innovative tokenomics. It is already being compared with the likes of Solana, Ethereum, and Binance coins in their ICO stages.
What’s all the buzz about Gnox?
A high-potential crypto project is not all about team, community, and fundamentals. What matters the most is bridging the gap between a centralized and decentralized world. No matter how groundbreaking the technology is, if you don’t make it user-friendly, no one will bat an eye. Gnox does this by offering “Yield farming as a service” to investors.
For the uninitiated, yield farming is a DeFi strategy to earn passive rewards in exchange for lending tokens and providing liquidity to trading pairs. The underlying mechanism is too complex for an entry-level investor to understand, and this is where Gnox simplifies DeFi investing for one and all.
It is based on a unique reflection model, where the token holders are not only paid from taxes on each transaction, but also rewarded from the treasury’s yield. Users don’t have any additional tasks to stake or delegate their tokens. All they need to do is buy and hold.
The ease with which one can gain passively with Gnox is the reason behind its huge presale demand among retailers. It seems to be on the path to replicating the long-term success of Ethereum and Binance. The third phase of development is currently underway, and there are plans to introduce multichain functionality and DeFi aggregator tool.
This will allow investors to keep track of their investments, and have visibility regarding treasury balance and fund allocation. In the future, Gnox will have its own decentralized exchange with more yield farming opportunities on offer. According to experts, this is just a beginning of a revolution that will take the crypto world by storm. With the contract launch in mid-August, Gnox is all set to go north when the whole market is struggling to revive. This shall be made possible by shock-absorbing tokenomics!
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