Gnox (GNOX) Massive Burn Event Spikes Token Price 63%, Cardano (ADA) Prepares for Vasil Hard Fork

June 30th, 2022 at 10:31 am UTC · 2 min read

Gnox (GNOX) Massive Burn Event Spikes Token Price 63%, Cardano (ADA) Prepares for Vasil Hard Fork
Photo: Gnox

Gnox is pleased to announce that it has sold 49.5 million tokens in its first presale round, raising the token price by more than 60 percent. A massive 1.3295 billion tokens were burned, ending the first presale phase with a significant token-burning event.

The token proudly entered the second presale phase on June 12 at $0.0160 per token soon to be $0.0163. “As phase two begins, we will enter with a price of 0.0160 per Gnox Token, giving our earliest investors a fantastic position moving forward,” says the project’s spokesperson.

Burning tokens means fewer tokens in circulation, higher prices and more profits, which is good news for early investors.

The Gnox team has also announced that the token launch will be postponed to August 18th, and a third pre-sale will be added instead due to the massive hype and additional development procedures.

Gnox is a pioneer in inventing the yield farming system as a service in the DeFi world and continues to impress analysts with its fast-growing community.

Cardano Developers Prepare for Vasil Hard Fork

On June 12, Cardano developers released a new development update on the Vasil hard fork upgrade’s progress. Analysts continue to remain pessimistic about the altcoin.

The node, ledger, and consensus teams continued to prepare for the Vasil hard fork, and the operational priority of all teams remained on delivering the combinator event efficiently and smoothly.

They began developing integration procedures to guarantee that nodes and other components were Vasil-compatible. The teams will keep working on the flaws that were discovered throughout the great continuing testing effort.

The networking team is actively working on the design phase and other topics related to the Vasil hard fork’s progress.

Find out more about Gnox here: Website, Presale, Telegram, Discord, Twitter, Instagram.