September 15th/16th should be in every crypto investor’s diary. The Ethereum Merge will be taking place, and the cumbersome giant will be transitioning from PoW (Proof of Work) to PoS (Proof of Stake) and bringing a new age of scalability to the DeFi (decentralised finance) ecosystem. Recently the Ropsten test network successfully merged with the Beacon Chain. Given that the Robsten network is identical to the Ethereum mainnet it appears that the Merge will be successful.
Another date that should be in all crypto investors’ diaries is the 18th of August, when Gnox (GNOX) launches on the open market. This crypto gem is not so secret anymore. Completely selling out of its presale, the community is behind it and given the current market conditions, its price discovery round is expected to be intense.
Gnox (GNOX)
Gnox is the type of crypto project investors dream of; a relatively small cap with solid fundamentals. Gnox is leveraging buy and sell taxes to build a treasury fund that earns in DeFi protocols for investors. It is the first protocol offering yield farming as a service and will make DeFi earnings accessible to all. The developers have hard-built this protocol for long-term investors, and investigating the mechanics shows this clearly.
The treasury fund is growth-orientated. Constantly accruing funds from active trading of GNOX and deployed in trusted DeFi protocols. Each month it provides a stablecoin reflection but only distributes the generated proceeds; the principal is never touched. That means that with time, as the treasury value grows, so does its earning capacity. And long-term holders of Gnox will have a fearsome source of passive income just by holding a single token. This low-touch solution will make DeFi not only more accessible but more equitable, and the protocol’s simplicity has already attracted crypto whales.
Ethereum (ETH)
Ethereum was the first layer one project to introduce smart contract capability. The hard work of Vitalik Buterin and Ethereum developers has pushed the entire crypto space forwards, and now one of the most significant events for DeFi and digital assets is on the horizon. If the Ethereum Merge is successful, Ethereum could see its current throughput of 13 TPS (transactions per second) shoot up to 100,000 after Sharding, the third stage of the upgrade is completed. The effect on the ecosystem cannot be overstated, and this will be a historical moment within crypto.
ETH has been leading the market recently, and its rally has been sustained with high volume. Trading just below $1,900 the bulls overcame the critical resistance of $1,700, and now do not face any significant resistance until $2,200. Many investors follow ETH carefully, and some are cautious that it could be a buy the rumour sell the news scenario.
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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