While Binance and Ethereum and Solana are busy battling for Layer 1 supremacy, two lesser-known blockchains — Tron (FRX) and Avalanche (AVAX) are gaining momentum. When bear markets turn bullish again, these mid-level altcoins, although they are riskier, have a history of far outperforming the leaders in percentage gains.
But TRX and AVAX also come with much higher volatility and risk than ETH and BNB. They might well be great investments. However, if you’re vested too heavily in one of these altcoins, and the project experiences some type of black swan event, investors could lose their shirts such as we saw with LUNA/UST.
However, there’s another altcoin option that’s set to surge. A new DeFi token called GNOX lets users spread their crypto investments across an array of DeFi platforms and passive income opportunities. If one of these platforms suddenly goes down, the effect on GNOX holders would be minimized.
This “yield farming as a service” platform makes investing in yield generating opportunities super simple. All investors have to do is buy and hold the GNOX token.
The way it works is a 6% royalty on all aftermarket sales of GNOX tokens goes into a treasury. Because this royalty is due no matter which way the wind blows, the total contribution to the treasury is always and forever rising.
The treasury is then invested into yield farming opportunities such as liquidity pools, lending platforms, and staking. Once a month, profits from these investments are proportionally distributed back to all GNOX holders by using them to buy back and burn GNOX tokens. This reduces the circulating supply and increases the value of the token.
Additionally, a royalty of 1% is airdropped back to all GNOX token holders. This and the burn mechanism assure that not only is the treasury perpetually growing and the circulating supply perpetually shrinking, but the stacks of all GNOX holders are also perpetually growing. Win-win-win.
So who decides where to invest GNOX tokens? The holders do. First, the Gnox platform aggregates data on yield-producing opportunities across several platforms. Then a team of DeFi specialists analyzes the data and recommends a list of the best opportunities to holders. Holders can then vote on which investments are worthy (if they like). Everyone shares equally (proportionally) in the spoils.
Now would be a good time to check out GNOX since the token is currently in ICO mode. Moreover, an innovative pre-launch burn mechanism assures that the earlier you invest in GNOX, the more your stack will be worth at launch (the price is up 63% already). Upon the close of the presale, any remaining unsold tokens will be burned. This assures a fair launch and gives another big boost to the value of the token.
It would not be an overstatement to call Gnox revolutionary. The platform makes DeFi investing just about as simple as it can possibly be. It’s unlikely that any project is going to come along and make DeFi even simpler. If Gnox gets a good head start — and it looks like it will — then the platform is likely to see exponential growth and mass adoption.
Gnox hakkında daha fazla bilgi edinin:
Ön Satışa Katılın: https://presale.gnox.io/register
Web sitesi: https://gnox.io
Telegram: https://t.me/gnoxfinancial
ikilik var: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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Source: https://www.thecoinrepublic.com/2022/07/03/gnox-gnox-much-like-tron-trx-and-avalanche-avax-before-it-set-to-surge-into-top-crypto-lists/