Solana and Ethereum are now two of three decentralized, open-source DeFi platforms with a market cap and among the most beloved by crypto whales. Between the two blocks, there are more than 200 DeFi platforms that offer scores of passive income opportunities.
When the APR on a staking platform is too high, then there is a risk. In addition, it can take a lot of time and experience to start making money on these platforms.
If the DeFi project can create a way to make DeFi investments easily and with almost no risk, then it should see mass adoption and exponential growth. And if there’s one thing crypto whales love, it’s exponential growth.
Well, it turns out there is such a platform. This is called a Gnox Token.
When Gnox Token was flying on the radar, it began to attract smart money. Pope Ethereum and Solana know that platforms such as Gnox that have the potential for mass adoption could bring millions of people into the fold. This would be great for the ETH and SOL whales, unless GNOX isn’t in Solana or Ethereum – it’s in the Binance Smart Chain – meaning it could lose market share.
What is a Gnox Token (GNOX)
So what will give Gnox mass appeal? It’s simple. Literally.
While it can take a good time to learn the DeFi ropes and more to manage your investments and risks, all crypto investors need to do to earn passive income and reduce risk exposure is to buy and hold GNOX tokens. That’s it.
Here’s how Gnox works…
With Gnox, you’re not just buying one token-you’re actually buying a DeFi platform vendor that offers passive income opportunities such as a staking platform, peer-to-peer lending, a pool of liquidity, and more.
First, this diversification strategy reduces the risk drastically when putting all the eggs into one basket. Second, very stable volatility while still allowing for potential windfalls.
GNOX tokenomics is specifically designed in a way to reward early adopters and long -term hodlers. The ICO – currently under construction – is divided into three monthly phases with a portion of the total GNOX supply provided for each phase. At the end of each phase, all unsold tokens supplied for that phase will be burned quickly, thus reducing supply and increasing the price of GNOX tokens.
Then to close the ICO all unsold tokens will be burned – no more will be printed. This again reduces the supply of circulation and raises the price of tokens before they are available to the public.
Next, a 6% royalty for all aftermarket sales will be sent to the Gnox Treasury. With each sale, over time, my treasury grows. It doesn’t matter if the bull market is a bear market.
Treasury invests as mentioned above. All profits from the treasury are used to buy-back-and-burn GNOX tokens further reducing supply and increasing price. In addition, a 1% royalty is given back to all GNOX owners.
Tokenomics ensures that the GNOX treasury sees lasting growth while the circulating supply sees lasting deflation. A sacred combination in crypto and that got the attention of popes ETH and SOL.
The GNOX presale ends on August 12th. The platform was officially launched in mid -August. Millions of GNOX tokens have been purchased by early adopters and billions have been burned.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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