Gnox (GNOX) DAO will outperform Aave (AAVE) and ApeCoin (APE) with its $50,000 USD treasury gains boosted
Bitcoin is trending up and is firmly above its 21-day moving average; Bitcoin has consistently used this line as support. With no further rate hikes until September and news that the world’s largest asset manager BlackRock is officially entering the crypto sphere, Bitcoin is flashing bullish indicators that it will continue its uptrend. Bitcoin moves the entire market, and if it goes up 5%, altcoins can go up to 20%.
A new relatively small crypto project is capitalizing on bullish market sentiment to maximum effect, reflection token Gnox (GNOX) is launching this week, and developers have announced a $50,000 boost to the protocol’s treasury. Gnox enters price discovery in a bullish mood after a sell-out ICO period, and now all holders will earn passive income once the token is launched.
Gnox is likely to be one of the most exciting launches of 2022, surpassing the gains of Aave (AAVE) and ApeCoin (APE).
Gnox (GNOX)
gnox brings a shake in DeFi (decentralized finance) revenues; DeFi is the fastest growing sector of the economy, and Gnox is making sure everyone can participate. Using purchase and sales taxes to build a treasury fund used in protocols to earn on behalf of investors. Gnox developers have created a single investment vehicle that provides access to yield farming. Gnox is the first protocol to offer yield farming as a service, and all investors need to do is hold GNOX to receive monthly stable coin reflection.
Loading the treasury with $50,000 means that passive income earning has already begun at launch and every GNOX holder will receive their first stablecoin payout in 30 days. Gnox comes out of the gate strong. With Treasury’s growth-oriented nature, long-term holders can look forward to receiving larger and larger stablecoin reflections each month.
aave
Aave is a DeFi giant and played an integral role in spreading decentralized lending. DeFi lending has become one of DeFi’s most highly capitalized areas, and Aave’s smart contracts currently total more than $7.3 billion. The platform’s TVL (Total Value Locked) is up 20% this week, with more and more investors locking their assets on the platform to generate returns or gain greater market exposure.
A bounce in TVL in DeFi signifies bullish investor sentiment. Investors only freeze their assets when they think they will value them, rather than holding them up for a quick sale. AAVE is the governance token and has always performed well when Aave draws more liquidity.
ApeCoin (APE)
ApeCoin is the governance and utility token for the entire Ape ecosystem. Yuga Labs introduced the token to enable community ownership and governance of the APE community. The creator of the hugely popular Bored Ape Yacht Club, Yuga Labs is consistently driving the development of blockchain technology and the creation of Web3. APE is the medium of exchange within this pioneering ecosystem.
Learn more here:
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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