Place/Date: - August 11th, 2022 at 3:40 pm UTC · 4 min read
GNOX token goes onto exchanges in mid-August. Will it come charging out of the gate? If the presale results are any indication, then there is likely to be some heavy demand for this new, “reflective” DiFi token.
Simply put, the Gnox platform makes investing in a diversified basket of top cryptocurrencies and then staking the assets for passive income as simple as buying and holding the GNOX token. They call their plan “yield farming as a service.”
Yield farming is the practice of locking up crypto assets on DeFi platforms that offer passive income — like interest on peer-to-peer loans or a portion of transaction fees from a liquidity pool. There are scores of these types of opportunities out there, and many of them offer very attractive returns.
So there are two aspects to the Gnox platform. There’s the diversification aspect that makes GNOX much like an ETF. Then there’s the passive income aspect that makes GNOX like a dividend-paying stock.
While crypto investing and yield farming might sound simple in practice, piecemealing together a diversified portfolio of assets across several platforms and blockchains can be an extremely time-consuming process. And if you don’t know exactly what you’re doing, you could be missing far better opportunities. Moreover, learning the ropes on DeFi platforms and earning passive income safely can also suck up a lot of time. (Look at what happened to LUNA holders.)
If DeFi platforms are ever going to see mass adoption, investing and staking crypto needs to be made easy, especially for those just now learning about crypto whose numbers will be growing exponentially.
The simplicity of the Gnox crypto investment plan gives the GNOX token a real shot at being the first DeFi token to see mass adoption.
The way the Gnox platform works is that it aggregates data on scores of passive income opportunities across a variety of DeFi platforms and blockchains. The Gnox team of experience DeFi analysts then presents the best of the best opportunities to holders to vote on. The investment capital comes from the Gnox treasury which is funded by a royalty on all GNOX token sales. This makes GNOX an asset-backed token.
Once a month, the monies from the yield farming activities are used to buy GNOX tokens on the public market thus taking them out of circulation – permanently. This means that the circulating supply of the token is eternally falling. And each time it does, the value of holders’ tokens rises.
Also, a portion of the royalty is airdropped back to all GNOX holders once every hour. This means everyone’s GNOX position is constantly growing. Over time, investors are expected to easily earn back their initial royalty payment and then some.
It’s also important to point out that all assets that enter the treasury remain in the treasury for all eternity. This means the treasury, too, is constantly growing and producing more and more passive income over time.
GNOX is currently in presale mode (if it hasn’t sold out yet). You have either until August 12 or until the allotment of tokens is sold – whichever comes first. With previous rounds already sold, there’s a high likelihood that this final round will also sell out.
The platform launches and GNOX goes onto exchanges on August 18th. The timing is perfect as badly beaten down cryptocurrencies such as Bitcoin (BTC) and Fantom (FTX) are starting to show signs of life again. Rather than rushing out and buying these or other cryptocurrencies, consider diversifying through GNOX.
You can buy GNOX tokens at the Gnox.io website. While you’re there you can learn more about this innovative DeFi platform that hopes to take DeFi investing to the masses.
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