The crypto market is bleeding, and it feels like a sin to even talk about profits. We are at the peak of negative segments as investors remain on the sidelines. This is when smart money enters the arena to turn the tables.
Speaking of an upcoming DeFi protocol, Gnox has attracted the attention of crypto enthusiasts ahead of its launch. Experts believe that it has huge room for growth compared to Binance Coin (BNB) or EOS.
What makes Gnox a blue chip with high potential?
DeFi was founded to eliminate intermediaries involved in financial transactions. Gnox was designed to make DeFi easy and smooth for investors of all levels. It is the first protocol with a treasury working for the community.
Passive income opportunities in the crypto space continue to grow as we see a growing interest in yield farming practices. However, taking a big risk is suicidal for newbies who are just here to make money. Gnox is a relatively risk-averse platform where anyone can access the rewards of liquidity pools and credit logs with no extra steps. Users can simply buy and hold GNOX tokens to earn passively.
The development, marketing and liquidity are financed by the state treasury, which in turn is accumulated through taxes. 1% of the tax goes back to token holders every 60 minutes. Funds are also provided to various DeFi protocols to maximize returns. 40% of this will be converted into stablecoins and rewarded to token holders. This is proportional to the amount of tokens held in a wallet.
Beyond passive profits, Gnox is also becoming a unified platform for a wide range of DeFi activities. There are future plans to introduce a decentralized exchange and NFT staking along with an aggregator tool. Once the contract is launched, there will be no more human intervention, with the aim of making the protocol 100% decentralized.
Deployment strategy decisions are made by the community based on governance suggestions. Everyone will have their say based on the number of tokens they own. Details such as current cash balance and fund allocation will be fully transparent. Returns may vary but are guaranteed with the Gnox protocol.
Join the presale: https://presale.gnox.io/register
Website: https://gnox.io
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