With the new month and summer approaching, now is the time to start thinking about investing your money in something profitable. Cryptocurrencies had a rough month due to the global crash caused by many external factors, and even coins such as Bitcoin (BTC), Ethereum (ETH), and Terra (LUNA) are all down sharply. Investors are struggling to find alternatives to keep their portfolio in the green.
A strong bear market warns traders to take a step back and pay attention to future developments in the crypto market. Still, the market has good news. There are great coins like GNOX with huge potential benefits. GNOX has recently gained media and market attention in the cryptocurrency world. Even in this tough market, Gnox Token (GNOX) continues to surprise investors with a 52% gain. What caused this unrealistic price action? How did GNOX survive when Bitcoin was in trouble?
About the Gnox Token (GNOX)
Gnox is an easy-to-use yet equally powerful Defi yield solution, based on the popular Binance Smart Chain, designed for cryptocurrency beginners. Gnox is the first DeFi yield protocol to offer yield farming as a service to retail and institutional investors. Infinitely scalable for both novice and seasoned investors, GNOX aims to set new standards.
Gnox is a reflective token that facilitates DeFi investing by giving every token holder access to DeFi profitable opportunities.
How it works? Gnox builds an ecosystem whose value comes from the community that maintains it while passively rewarding users who have held $GNOX for a long time.
By creating personalized treasury and introducing a one-time transaction tax to help build treasury for investments, GNOX token holders will enjoy passive income even if they don’t understand the many principles associated with their DeFi investments. .
What does it mean? According to Gnox.io, once pool rewards are claimed, GNOX will use those rewards to buy $GNOX to redistribute to holders, which is equivalent to a purchase event where GNOX buys $GNOX in the secondary market.
Specifically, the idea of Gnox yield farming is a 10% sales and purchase tax. And each time GNOX is traded, 1% of the funds are redistributed to $GNOX holders, 1% is transferred to a liquidity pool, 6% goes to the cash fund, and 2% is dedicated for marketing purposes.
GNOX aims to become a leader in the DeFi space by paving the way for the next generation of thought-provoking tokens. Gnox’s innovative DeFi solution makes cash returns more beneficial to holders than just a fixed percentage of all transactions.
GNOX presale performance
The company’s native token, $GNOX, is currently trading at 0.0160, a 60% increase from the pre-sold price of 0.01. Over 49 million GNOX were sold in the first presale phase, which is already a huge bullish signal during a strong bear market. The early entry into GNOX is currently in the midst of a busy presale, which could be a significant milestone for a coin that has yet to see significant growth. GNOX’s second presale has begun, so checking out an upcoming market “rising star” might be a good idea.
June marks the start of the summer trading season. With the upcoming Gnox Token (GNOX) presale, crypto investors have a new DeFi solution to try. Being the first protocol to provide cash for token holder utility has become the main reason why GNOX gets a lot of media attention and hype in the crypto community.
To learn more about GNOX:
Join the presale: https://presale.gnox.io/register
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