After crashing down to historical levels, the crypto market is currently going sideways, which comes as a relief for investors. Amid the silence, one revolutionary crypto project has been making noise with several media outlets covering its presale progress.
Well, it has been quite a success in this initial phase as the tokens were sold out with a great response. From entry-level investors to DeFi experts, everyone showed interest in this innovative protocol that aims to change the future of investing.
Why TRX and XRP holders are interested in Gnox?
Remember the 2017 bull run when newbies were flocking into the market to buy TRX and XRP? The same investors are now keeping an eye on Gnox, for the potential it has – a tailor-made investment for anyone new to the crypto space!
DeFi was introduced to the world with the notion to remove intermediaries between two transacting parties. And also, to reward users with passive income opportunities that are much better than any traditional interest-bearing product. However, the complex mechanism coupled with high risk keeps small investors on the sidelines.
Gnox solves this problem by developing an ecosystem where the treasury works for you. Assets are allocated to various pools and protocols that generate consistent returns. A portion of it is added back to the treasury, while the rest are airdropped to GNOX token holders.
The multi-sig treasury is fed by taxation on each GNOX trade, where 1% also goes directly to user wallets. Development and marketing are also funded by taxes. All the decisions regarding project functionality, treasury deployment, and token burn will be taken through governance voting. Every token holder will have their say on the decisions made by the developer.
The contract launch in a few days’ time will make Gnox a completely decentralized platform with no central entity or human intervention. The upcoming aggregator tool will allow everyone to have visibility over treasury balance and deployment.
The project has long-term plans to expand across multiple chains beyond the Binance Smart Chain, while also introducing a decentralized exchange for seamless trading. It would be interesting to see how the token reacts after the launch in August.
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