Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Over the last crypto bull run, DeFi newcomers Gnox saw an exponential growth in prices. It’s not common, though. Some DeFi platforms made huge profits in 2020 and 2021. However, since reaching record highs, the majority have dropped 80% to 90% or more, wiping out all profits.
With a strong business model driving Gnox’s price growth, crypto analysts believe the token will top Ethereum’s initial coin offering in 2014.
ICO Boom Ethereum
Ethereum’s initial funding came from an ICO that took place in 2014. In the bitcoin exchange, buyers received ether, and more than 7 million ether – about $2.2 million – were sold in the first 12 hours of the sale.
When the sale ended, more than 50 million ether, or about $17.3 million, had been purchased. At that time, controversially, 9.9 percent of this ether was allocated to the Ethereum Foundation and the other 9.9 percent to the team that founded Ethereum. Many later ICOs use this feature, which is sometimes called pre-mining.
Most ICOs have used the Ethereum network and ERC-20 tokens, which are interoperable with all Ethereum tokens. Many ICO investors buy protocol-specific tokens with ETH. This increased the price of ETH, which led to the ICO boom.
Gnox is expected to surpass the Ethereum ICO.
Even before the official launch of the Gnox platform, early investors have already made a profit of more than 63 percent.
The increase in the price of the token in the coming months is guaranteed because of the additional profit that is actually built. This is due to the fact that during the presale, a large part of Gnox tokens are burned on the 12th of every month. every 30 days.
Investors have a good incentive to invest now. All unsold tokens will be burned before release. This ensures a fair launch and will definitely raise the price of the token one more time before it is released to the market.
Gnox is the first reflection token with an agricultural focus generating DeFi. The purpose of the platform is to provide investors with a way to generate passive income in the DeFi industry. One of the most popular investment options in the world of cryptocurrency is farming.
One advantage of yield farming is the ability to generate passive cash flow from crypto assets without having to sell them. Traders can put money into a liquidity pool, where the longer they hold the token, the higher the return.
Learn more about Gnox:
Join the Presale: https://presale.gnox.io/register