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The crypto winter is upon us as the market continues to remain risky amid concern and uncertainty. The robust bearish momentum has caught everybody off guard, and there’s an opportunity we would be coming into a multi-month bear market.
This is commonly the finest time to make idle property give you the results you want by staking, farming, or lending. However, one can not undermine the inherent dangers concerned in these methods. Investors new to the cryptocurrency area have little to no thought about how DeFi works. The complicated mechanism behind it can be overwhelming for even the finest.
Gnox grew out of this concern and developed a community-focused platform the place anybody can turn into a DeFi professional, and earn a steady passive revenue in BUSD. The thought of incentivizing token holders is nothing new, however to reward them with steady cash is a gamechanger.
How does it work?
Gnox is constructing a decentralized ecosystem that passively rewards those that maintain its native token $GNOX. There’s a ten% tax on every transaction, out of which 6% is reserved for enhancing the DeFi treasury. The protocol makes use of these funds to supply liquidity to protected swimming pools and earn curiosity from lending. A proportion of rewards generated from these investments is shared amongst GNOX holders in BUSD, primarily based on the measurement of their portfolio. In addition, 1% tax on each transaction is routinely transferred to the wallets each 60 minutes.
By following this technique, Gnox encourages long-term funding the place customers are constantly paid dividends for simply holding the token. Furthermore, the payout in steady cash ensures that the traders are protected towards risky market circumstances and low liquidity. All these elements, mixed with buy-back occasions, are geared toward preserving the inherent worth of the cryptocurrency.
The methods outlined by Gnox have been tried and examined by DeFi strategists, who imagine that this revolutionary idea will revolutionize the DeFi area. Even these with negligible information of this sector can take part in reaping the rewards larger than any interest-bearing monetary product.
Given the robust fundamentals and advertising and marketing, the Presale has seen large demand from personal and institutional traders. As a consequence, the worth has already taken a leap by 52%.
The contract has been just lately audited by a blockchain safety chief, Soken, and it’s all set to be launched in July.
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Join Presale: https://presale.gnox.io/register