Gnox gives cryptocurrency investors an incredibly easy way to invest in a variety of cryptocurrencies and generate passive income-yield farming as a service. Crypto analysts believe this passive income utility is the main reason behind its impressive presale performance, and with its enormous price growth in the past few weeks, it has successfully outperformed layer one cryptos Polygon and Fantom.
Polygon has dropped below a vital area of support after a series of on-chain transactions sparked a furore within the cryptocurrency community. Around 1.4 billion MATIC tokens were transferred from Polygon’s vesting contract on Monday. The transaction was followed by a spike in selling pressure, pushing the token below critical support. MATIC must regain $0.89 as support soon to avoid a steep correction to $0.60.
Fantom has gained traction as a result of significant advances. According to the most recent statistics, it has increased by 1.77 percent in the last 24 hours. The weekly numbers reflect a 15.61 percent increase. It was able to keep investors during the weak market. The cost of Fantom is around $0.3472.
Gnox is a one-of-a-kind DeFi utility token. Its major goal is to make investing in DeFi easier for both new and experienced investors.
Every buyer who purchases and keeps a Gnox token earns the same amount of passive revenue. The project can keep providing passive income to its investors by investing money from a treasury in staking opportunities, liquidity pools, and lending protocols. The profits from their “treasury” are then distributed to Gnox holders each month.
Gnox is currently in its third presale, and any unsold tokens will be burned as soon as the final round closes, making the token permanently deflationary and generating ongoing passive income.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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