The Solana (SOL) and Polkadot (DOT) blockchains have seen sharp dips in the price of their native tokens this year, especially in the weeks following the downfall of UST and LUNA.
Many crypto analysts have been saying that this is a good time to start investing in crypto while prices are low. However, others are saying crypto markets are potentially looking at a very tough summer.
Former Goldman Sachs hedge fund manager and investing guru, Raoul Pal is predicting that rising interest rates will cause a “nasty recession.” In a recent Twitter thread, Pal suggests that demand is collapsing due to the “largest monetary tightening in history.”
Both Solana (SOL) and Polkadot (DOT) have fallen more than 80% since their all-time highs in November of 2021. For the past week, both have been moving sideways as many investors await the settling of dust from the LUNA debacle to see which way the market is headed.
Nonetheless, there is one crypto token that guarantees 10% to 20% returns on purchases through the summer no matter which direction the market is headed.
Is GNOX making DeFi simple and frictionless?
The token, which runs on the BNB blockchain called GNOX. Once it launches, the Gnox platform will offer crypto investors a simple and efficient way to enjoy the benefits of decentralized finance. Moreover, investors won’t have to wait to enjoy crypto gains this summer.
Gnox offers what they call “yield farming as a service.” Presently, yield farming isn’t quite as simple as putting money in a savings account. Many crypto-curious types are turned off by the complications that come with DeFi platforms. Others who might be quick studies simply don’t have time to research all of their options and assess the risks involved in various staking platforms and liquidity pools.
How the Gnox platform works
Simply put, the Gnox team will invest its treasury into various staking platforms, liquidity pools, and even asset-backed NFTs. The returns are then distributed amongst all holders of the GNOX token.
Rather than some users raking in gains while others get “rekt,” all Gnox users share in the success of the platform. Another, 1% of all transaction fees are shared with GNOX holders every hour. Moreover, during turbulent market conditions — such as we’re seeing now — Gnox (GNOX) analysts work to mitigate risk by focusing on stablecoin staking rewards.
The result is that anyone, regardless of their experience level and time commitment can earn passive rewards simply by buying and holding the token.
But is now a good time?
GNOX DeFi presale moving aggressively
The idea of having crypto investing experts do all the work while we collect compounding gains has piqued the interest of both new and experienced crypto investors. What has rocked investors even harder is the idea of earning 10% to 20% on their investment, guaranteed, for the rest of the summer.
The GNOX token presale started on May 12, 2022. While in presale mode, buyers will receive a 20% bonus on all GNOX purchases made before June 12th, after which the bonus will be reduced to 10% until July 12th.
Once the public sale is underway, holders are free to sell their GNOX or leave staked on the platform for ongoing equity.
Check out Gnox’s website for more details on this promising new platform.
Learn more about Gnox:
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
Instagram: https://www.instagram.com/gnox.io/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.