If you haven’t heard about GNOX in recent weeks, you’ve missed a surge in price of over 52% for one of the hottest properties in the DeFi world. The good news: it’s not too late. Demand is expected to continue as GNOX enters its second pre-sale phase. Now could still be the time to get involved before the token continues to make an impact on the mainstream.
Gnox is burning 2.5billion tokens to help improve its ecosystem and limit supply. These burns will continue, and should help ensure those who got in early continue to benefit from their holdings. And Gnox has a number of other innovative ideas that will help holders of all levels, no matter how early they invested.
How successful has GNOX token been already?
GNOX has already sold 49.5million tokens, with demand exceeding expectations considerably. In fact, demand has been so high that creators are extending the pre-sale period into pre-sale 3. Previously only slated for 2 phases of pre-sale, this extension is to help meet demand and make sure the development phase is 100% successful.
GNOX will now burn 2.5billion coins, with more burns anticipated if demand continues at this rate. What that means for early-investors is that supply will be limited somewhat, and this could help prices continue to surge. That means now might be the time to invest in GNOX.
What’s different about GNOX?
GNOX aims to bring DeFi investment to the masses by addressing one key issue that’s always halted adoption by regular investors: DeFi investing can be complicated. By offering yield farming as a service, GNOX holders get to benefit from real passive income streams without needing to understand many of the principles that underpin them.
This is done in two ways. GNOX takes a tax on all transactions of 10%, with 6% of transactions (or 60% of the tax figure) being pooled into a treasury. 1% (or 10% of the total tax) is paid out every hour to GNOX holders. The treasury funds that are built up are then re-invested into other cryptocurrencies, projects, or even NFTs on a range of different risk levels. The proceeds from these are then paid back to GNOX holders every month. Holders also get to vote on how much risk they want these investments to take, so while Gnox is very much a “sit back and count your passive income” method, users will still have some control. The remaining sales tax funds are used to solidify the ecosystem’s base price on pancakeswap as well as help market the project so more people can benefit from it.
It’s these innovative ideas that make GNOX crucial to helping take digital currencies into the mainstream. With more and more people learning about GNOX every day, now could very much be the time to get involved, as you could benefit from continued price rises alongside long-term investment opportunities.
Find Out More Here:
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.