Presales are a fun thing for experienced crypto investors. Those who have been in the space since 2017 will surely remember the ICO boom that year. Websites tracking upcoming ICOs are popping up everywhere, appealing to investors eager to sign up for projects on the ground floor.
Much has changed since then, and with many of these ICO projects failing, investors are becoming less interested in presales. Now they are often ignored by investors who wait for confirmation of market price action before entering. But, once in a while, projects come along that can’t be ignored; this article showcases a new crypto project that is currently in the presale stage that has attracted investors.
Gnox Token (GNOX)
Gnox is a new protocol that will be launched in late Q2 at Binance Smart Chain (BSC). Gnox pursued a typical procedure with many projects waiting for the right market time- general bullish sentiment- Gnox even dominated the launch during strong market conditions. Those familiar with the place know that projects built during the bears will surely flourish during the bulls. But this alone is not enough to explain the success of the protocol.
Why Is GNOX So Hot?
The 52% price rally is activated by the project’s dynamic price model immediately after the team completes the KYC procedure. The KYC procedure is a stamp of approval for a DeFi project that shows investors that the team is serious, nonfraudulent, and has a vision for the future. Investors were galvanized, and support showed in price action.
What is GNOX?
Gnox is the first protocol that offers farm produce as a service and thus has the advantage of being the first driver, which is a powerful force for market success. When asked, analysts who have studied the whitepaper consistently point to one aspect of the project that explains the balance for investors: treasury.
The Gnox Treasury, funded through purchase and sale taxes, is a passive income engine focused on growth. Every new investor in Gnox who buys tokens and every investor who sells tokens contributes to raising this capital fund. It is then distributed on various DeFi protocols to produce results. This result is then converted into stablecoin and divided into GNOX holders proportional to the number of tokens held. But the fun mechanic is the growth -oriented nature of the treasury: capital is never touched, only results.
The developers at Gnox have designed a protocol that will slowly but steadily evolve over time, reflecting a larger and larger volume of stablecoin for GNOX holders, thus driving the desire for tokens and, hence, the price. GNOX is a project that all investors should add to their watch list.