How Will The New Token, Gnox Token (GNOX), Measure Up To Giants Like Binance Coin (BNB) And Ethereum (ETH)?

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The post How Will The New Token, Gnox Token (GNOX), Measure Up To Giants Like Binance Coin (BNB) And Ethereum (ETH)? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The bears have strengthened their grip on the global crypto market, which is currently trading at a declining stage. On the other hand, intelligent investors remain bullish because they believe in the underlying technology.

According to history, those who continue to build during down markets benefit the most when the market improves. Binance and Ethereum are two excellent prior instances.

Binance Coin (BNB)

Binance is one of the world’s largest cryptocurrency exchanges, with a trading volume of $7.7 trillion in 2021. It was founded in Hong Kong and immediately became one of the most popular exchanges.

Binance offers one of the most diverse portfolios of altcoins on its exchange. Its coin is presently the fifth most valuable cryptocurrency by market capitalization, trailing only Bitcoin, Ethereum, USD Tether, and Cardano.

Ethereum (ETH)

The blockchain-based software network has many uses and applications in the IT industry, including gaming, music, entertainment, and decentralized finance (DeFi). It is one of the most popular and frequently utilized cryptos this year.

Ether’s annualized ROI is approximately 300%. Since 2014, early investors have roughly doubled their money every year.

What is Gnox (GNOX)?

Gnox’s most significant innovation is its first-to-market “yield farming as a service” business model. Its tokenomics are specifically engineered to yield gains in bear and bull markets, making DeFi earning simple and frictionless for crypto investors.

The platform eliminates barriers to entry by providing education, seamless investment tracking and a single investment vehicle. It strives to make DeFi earning as simple and seamless as possible to support the consistent growth of the protocol.

How will the new Gnox (GNOX) fare against industry heavyweights such as Binance (BNB) and Ethereum (ETH)?

Gnox discovered a market gap in which treasury funds can be used to assist users in ways other than a flat percentage of all transactions.

The project lends and reaps the benefits of a portion of its treasury, allowing them to provide value to investors while ensuring long-term and growing returns.

A treasury holds a percentage of Gnox’s investments. DeFi analysts invest those assets in yield farming options, including staking, liquidity pools, and lending procedures, to generate constant passive revenue.

This token is a yield farming platform that pays out up to 50% APY to crypto investors. The key to its high rates is its treasury, which is brand new in the crypto industry.

By having a new business model that creates passive revenue for its holders, Gnox will be able to compete with the large players like as Binance and Ethereum.