Gnox (GNOX) is on the radar of Solana (SOL) and Ethereum (ETH) whales
Solana and Ethereum are currently two of the top three decentralized and open-source DeFi platforms by market capitalization and are among the most popular among crypto whales. Between the two blockchains, there are over 200 DeFi platforms offering dozens of passive income opportunities.
Although the APRs on many staking platforms are monstrous, they come with risks. Also, it can take a lot of time and experience to start making money on these platforms.
If a DeFi project can find a way to make DeFi investing simple and nearly risk-free, then it’s sure to see massive adoption and exponential growth. And if there’s something crypto whales love, it’s exponential growth.
Well, it turns out there is such a platform. It’s called Gnox Token.
While Gnox Token is currently flying under the radar, it is beginning to attract the attention of smart money. Ethereum and Solana whales understand that a platform like Gnox that has the potential for mass adoption could bring millions into the fold. That would be great for ETH and SOL whales, except GNOX isn’t on Solana or Ethereum — it’s on Binance Smart Chain — meaning it could take market share.
What is Gnox Token (GNOX)
So what will give Gnox mass appeal? It’s simple. Literally.
While it can take a long time to learn the DeFi ropes and even longer to manage your investments and risk, all crypto investors need to do to earn passive income and significantly reduce their risk exposure is buy and to keep the GNOX token. That’s it.
Here’s how Gnox works…
With Gnox, you’re not just buying a token – you’re actually buying into a basket of DeFi platforms that offer passive income opportunities such as staking platforms, peer-to-peer lending, liquidity pools, etc
First, this diversification strategy significantly reduces the risk of putting all your eggs in one basket. Second, it greatly stabilizes volatility while allowing for potential windfalls.
GNOX tokenomics are specifically designed to reward early adopters and long-term hodlers. The ICO – currently ongoing – is divided into three monthly phases with a portion of GNOX’s total supply allocated to each phase. At the end of each phase, any unsold tokens allocated to that phase are quickly burned, reducing the supply and increasing the price of the GNOX token.
Then, to close the ICO, all unsold tokens will be burned – not one more will ever be minted. This again reduces the circulating supply and increases the price of the token just before it is made available to the public.
Then, a 6% royalty on all secondary market sales is transferred to the Gnox Treasury. With each sale, over time, the cash flow grows. It doesn’t matter if it’s a bull market or a bear market.
Cash is invested as described above. All Treasury profits are used to buy back and burn GNOX tokens, further reducing the supply and increasing the price. In addition, a 1% royalty is paid to all GNOX holders.
Tokenomics ensures that GNOX’s treasury experiences eternal growth while the circulating supply experiences eternal deflation. A hallowed combination in crypto and one that caught the attention of ETH and SOL whales.
The GNOX presale ends on August 12. The platform is officially launched in mid-August. Millions of GNOX tokens have been purchased by early adopters and billions have already been burned.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register
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