Place/Date: - May 30th, 2022 at 7:53 am UTC · 3 min read
While there is still some uncertainty about investing in the crypto market today, an initial coin offering, or ICO, is an excellent opportunity to get the way to develop a fortune in cryptocurrencies while only investing a small amount of money.
Ethereum and Tezos are two highly successful cryptocurrencies that would not have been possible without the help of an initial coin offering. Gnox, the third on the list, is likely to have an exceptional launch in July.
Ethereum has evolved to the point where it is no longer seen as an alternative currency by the general public. However, it is nearing the critical transition from a gas-intensive business validation paradigm to a more ecologically friendly proof of stake. This long-awaited process is known as “merge.” It has previously been postponed, although it is scheduled to launch in 2023.
It will be a huge milestone, but it will be just one aspect of a wider phased upgrade. As upgrade anticipation rises, Ethereum will be on practically every crypto investor’s mind. Successful transformation can enhance industry confidence, yet technological difficulties could block any price recovery.
Tezos is a smart contract cryptocurrency that has been around for quite some time. However, it has not grown at the same rate as coins such as Solana or Avalanche. This could be because of management issues and lawsuits that happened during the project’s initial coin offering in 2017 and 2018, which harmed investor confidence. The trend, though, may change.
Tezos plans to have a major upgrade and is also gaining traction in the NFT area.
Many users prefer Tezos Network, which considers itself an environmentally friendly alternative to Ethereum, according to the post by Queen Piece Survey.
Investors expressed confidence in the Gnox token, which is currently undergoing the initial coin process, which people refer to as a pre-bid.
Gnox’s presale announcement earlier this month has already garnered a lot of attention. The token is popular with crypto fans due to its passive income offering.
Gnox is the first DeFi earning protocol to offer “Yield Farming As A Service” and has a fast-growing community within reflection projects due to its unique treasury function.
Holders will benefit from higher passive yields and more attractive features as the treasury grows stronger.
The project has already passed the KYC verification analysis by Soken DeFi and is currently undergoing an audit with Certik.