Experts Are Trading Ripple (XRP) for Gnox.io (GNOX) in 2022
May 17th, 2022 at 10:59 am UTC · 3 min read
Heaps of smart money poured into the crypto sector during the pandemic years, as we witnessed the market touching an all-time high valuation of $3 trillion in November 2021. However, the returns have diminished of late, which has investors and holders concerned over the future.
One thing is guaranteed. Not all cryptos will make it back to the top when the market resumes the uptrend. What looked investable in previous years may not be a good choice for future investment. Smart investors are distancing themselves from sluggish movers like XRP and moving towards high-potential projects such as Gnox.
Ripple, even with a strong community, failed to gain traction during the last year’s bull run. The legal tussle between the company and the US Securities and Exchange Commission (SEC) had a paralyzing effect on its token price. Unlike other large-cap cryptocurrencies, it never went to its previous all-time high we saw in 2017. Although the recent developments incline positively towards Ripple, experts are uncertain about its future.
For a company looking to disrupt the centralized financial system by facilitating instant cross-border payments, mainstream adoption is not going to be easy. Given the controversy surrounding this project and its impact on the price action, investors are turning their attention towards DeFi protocols like Gnox.io.
With one of the fastest growing communities in the DeFi space, the Gnox protocol believes in making DeFi earning as simple as possible. Most investors find it challenging to understand how decentralized finance works and how to benefit from different strategies. Gnox.io solves this problem by providing Yield farming as a service.
This permissionless platform aims to put the community first by incentivizing long-term holders/users. The unique DeFi treasury feature allows the protocol to earn higher rewards, which in turn, are airdropped in $GNOX every 30 days. Rewards are distributed based on the trading volume and the bag size. Given the unique tokenomics behind the project, there’s always a buying pressure that keeps up the intrinsic value of $GNOX.
Built on Binance Smart Chain, Gnox is one of the first reflection projects to optimize treasury appreciation for user profits. A 10% buy/sell tax is also applied on every transaction, out of which 1% will be redistributed to $GNOX holders every hour.
Having been KYC approved by reputed companies and audited by blockchain security leaders, Gnox.io has already opened its presale for private and institutional investors. Although the token launch is planned for the third quarter, experts are looking to invest early in a project of this potential.
With the current presale price of $0.01 per token, smart investors looking for exponential gains have started trading XRP for Gnox.