Gnox (GNOX) Could Help Reverse Your Bear Market Losses, While Cardano (ADA) and Polkadot (DOT) Struggle

2 years ago 129

The post Gnox (GNOX) Could Help Reverse Your Bear Market Losses, While Cardano (ADA) and Polkadot (DOT) Struggle appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The Polkadot (DOT) and Cardano (ADA) blockchains have both suffered steep losses this year. Both ADA and DOT fell more than 80% since their all-time highs in November of 2021. For long-term holders, that’s got to hurt. While we’re starting to see a bit of a bounce the past few days, investors are still waiting for the air to clear and the dust to settle from the LUNA debacle — which might take months.

While many crypto analysts are suggesting that now might be a good time to start investing in altcoins again, others are projecting that we haven’t yet seen the bottom and we’re in for a long crypto winter this summer.

One of the foremost experts on global economics is former Goldman Sachs hedge fund manager and investing guru, Raoul Pal. Pal predicted recently that rising interest rates are bound to result in a “nasty recession.” In a recent Twitter thread, Pal suggests that demand is collapsing due to the “largest monetary tightening in history.”

If Pal is right — as he often is — ADA and DOT are most likely looking at further losses. However, there is one crypto token that all but guarantees a positive return on your investment by mid-summer.

GNOX makes yield farming easy

Gnox Token (GNOX), which runs on the BNB blockchain, offers what they call “yield farming as a service.” For new crypto investors and those who don’t have the time to dabble, yield farming can be risky. Just look at what happened to LUNA investors. This simplified and far less risky strategy for investing in passive income opportunities gives GNOX a strong value proposition.

Gnox is currently in ICO mode. However, those who take part in the pre-sale — running until August 12th — can enjoy some sweet early-adopter gains. This is because each month a portion of unsold tokens is burned. Then all remaining unsold tokens are burned upon launch.

This assures that the earlier one adopts GNOX, the more their stack will be worth at launch. It also assures a fair launch as no more coins will be issued — ever. In fact, a buy-back-and-burn mechanism assures the supply will be deflationary.

The way Gnox works is that a team of experienced DeFi analysts is employed to research the vast opportunities in passive income such as crypto staking, lending, and liquidity pooling. A diverse basket of options is put before GNOX holders to vote on which investments are worthy.

Once a month, profits from these investments are redistributed back to all holders of the GNOX token. Also, a 1% royalty on all transactions is airdropped back to GNOX holders every hour. The result is everyone regardless of their experience level and time commitment can earn passive income simply by buying and holding GNOX.

The GNOX token presale runs until August 12, 2022. The platform is scheduled to launch in mid-August, at which point, all unsold tokens will have been burned. Buyers can choose to cash out at that point by selling on the open market or they can choose to hold and watch their stacks grow.

While investors in altcoins such as ADA and DOT have no guarantees that they won’t continue to lose their investments, GNOX provides an opportunity to gain in both the short-term and the long-term.