With the new month and summer approaching, now is the time to start thinking about investing your money in something profitable. Cryptocurrencies have had a rough past month due to the overall crash caused by lots of external factors, and even coins such as Bitcoin (BTC), Ethereum (ETH), and Terra (LUNA) are all falling sharply. Investors are struggling to find alternatives to maintain their portfolio in green.
A strong bear market is warning traders to take a step back and watch out for further developments in the crypto market. Still, the market has some good news. There are some great coins like GNOX with huge potential benefits. GNOX has recently gained a lot of media and market attention in the cryptocurrency world. Even in this harsh market, Gnox Token (GNOX) continues to surprise investors with a 52% gain. What caused this unrealistic price action? How did GNOX survive when Bitcoin was struggling?
About Gnox Token (GNOX)
Gnox is an easy-to-use yet equally powerful Defi yield solution, based on the popular Binance Smart Chain, designed for cryptocurrency newbies. Gnox is the first DeFi yield protocol to offer yield farming as a service to retail and institutional investors. Infinitely scalable for both novice and seasoned investors, GNOX aims to set new standards.
Gnox is a reflective token that makes DeFi investing easier by giving every token holder access to DeFi profitability opportunities.
How does it work? Gnox is building an ecosystem whose value comes from the community that maintains it while passively rewarding users who hold $GNOX for a long time.
By creating a custom treasury and introducing a unique transaction tax to help build a treasury for investments, GNOX token holders will enjoy passive income even if they do not understand the many principles associated with their DeFi investments.
What does it mean? According to Gnox.io, once the pool rewards are claimed, GNOX will use these rewards to buy $GNOX for redistribution to holders, which is equivalent to a buying event where GNOX buys $GNOX from the secondary market.
More specifically, the Gnox yield farming idea is in a 10% sale and purchase tax. And each time GNOX is traded, 1% of the funds is redistributed to holders in $GNOX, 1% is transferred into a liquidity pool, 6% goes to the treasury fund, and 2% is dedicated to marketing purposes.
GNOX aims to become a leader in the DeFi space by paving the way for the next generation of reflection tokens. Gnox’s innovative DeFi solution makes treasury yields more beneficial to holders than just a fixed flat percentage of all trades.
GNOX Presale Performance
The company’s native token, $GNOX, is currently trading at 0.0160, a 60% increase from the pre-sale price of 0.01. Over 49 million GNOX have been sold in the first pre-sale phase, which is already a huge bullish signal during a strong bear market. Early entry into GNOX is currently amid a busy pre-sale, which could be an important move for a coin that has yet to see significant growth. GNOX’s second presale started, so checking out an upcoming market ‘raising star’ might be a good idea.
June marks the start of the summer trading season. With the next Gnox Token (GNOX) pre-sale, crypto investors have a new DeFi solution to try out. Being the first protocol to provide a treasury for token holder utility has become the main reason GNOX attracts much media attention and hype in the crypto community.
To learn more about GNOX:
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