Solana and Ethereum are currently two of the top three decentralized, open-source DeFi platforms by market cap and are among the most beloved by crypto whales. Between the two blockchains, there are more than 200 DeFi platforms offering scores of passive income opportunities.
While the APRs on many of the staking platforms are monstrous, they do come with risks. Moreover, it can take a lot of time and experience to actually start making money on these platforms.
If a DeFi project can come up with a way to make DeFi investing simple and nearly risk-free, then it’s sure to see mass adoption and exponential growth. And if there’s anything crypto whales love, it’s exponential growth.
Well, it turns out that there is such a platform. It’s called Gnox Token.
While Gnox Token is currently flying under the radar, it’s starting to catch the attention of smart money. Ethereum and Solana whales understand that a platform such as Gnox that has the potential for mass adoption could bring millions of people into the fold. This would be great for ETH and SOL whales, except that GNOX isn’t on either Solana or Ethereum — it’s on Binance Smart Chain — which means it could take away market share.
What is Gnox Token (GNOX)
So what will give Gnox mass appeal? It’s simple. Literally.
While it can take a good amount of time to learn the DeFi ropes and even more to manage your investments and risk, all crypto investors have to do to earn passive income and greatly reduce their exposure to risk is to buy and hold the GNOX token. That’s it.
Here’s how Gnox works…
With Gnox, you’re not just buying one 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, and others.
First, this diversification strategy drastically reduces the risk that comes with putting all your eggs into one basket. Second, it greatly stabilizes volatility while still allowing for potential windfalls.
GNOX tokenomics
The tokenomics of GNOX are specially designed in such a way as to reward early adopters and long-term hodlers. The ICO — currently underway — is broken up into three monthly phases with a portion of the total supply of GNOX allotted to each phase. At the end of each phase, all unsold tokens allotted to that phase are promptly burned, thus reducing the supply and increasing the price of the GNOX token.
Then to close out the ICO all unsold tokens will be burned — not one more will ever be minted. This again reduces the circulating supply and raises the price of the token just before it becomes available to the public.
Next, a 6% royalty on all aftermarket sales gets ported over to the Gnox Treasury. With every sale, over time, the treasury grows larger. It doesn’t matter if it’s a bull market of a bear market.
The treasury is invested as described above. All profits from the treasury are used to buy-back-and-burn GNOX tokens further decreasing the supply and increasing the price. Additionally, a 1% royalty is airdropped back to all GNOX holders.
The tokenomics assure that the GNOX treasury sees eternal growth while the circulating supply sees eternal deflation. A hallowed combination in crypto and one that’s got the attention of ETH and SOL whales.
The GNOX presale ends on August 12th. The platform officially launches in mid-August. Millions of GNOX tokens have been purchased by early adopters and billions have already been burned.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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