Stars align for Gnox (GNOX) as early buyers savour 52% gains this week

The post Stars align for Gnox (GNOX) as early buyers savour 52% gains this week appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Early adopters of the soon-to-be-launched Gnox DeFi services platform were pleasantly surprised last week when the platform’s native token, $GNOX, saw a 52% gain in price from $0.010 to $0.152 in a short period of time.

While the Gnox platform doesn’t officially launch until July 18th, GNOX token is in presale mode. The token is specially designed to benefit early adopters who buy and hold the token. One way this is achieved is by distributing 1% of all token transactions proportionally to all holders of the token — regardless of the platform on which they are traded. Thus the longer one holds onto their GNOX tokens, the more upside they can expect to see.

But what is the Gnox platform all about?

Gnox introduces “yield farming as a service” 

Gnox is a first-of-its-kind DeFi platform. Unlike most platforms where users fend for themselves in choosing which products to invest in, Gnox streamlines and simplifies DeFi investing by leaving the research and the investing to professional DeFi analysts. All holders of GNOX tokens share proportionally in the same gains.  

As we saw last week, with the demise of UST and LUNA, all DeFi platforms, even stablecoins, come with inherent risks. Most investors don’t have the time to research several different DeFi platforms, never mind having the time to find a basket of worthy investments. Gnox deploys its assets across several DeFi platforms, blockchains, and investment products. This is something most investors just don’t have the time to do themselves. 

Investors constantly hear the admonition to DYOR — “do your own research.” However, identifying and vetting staking and liquidity pool opportunities is a time-consuming process as is gaining an education in crypto and DeFi. However, Gnox employs a team of professional DeFi analysts to do all the research for its customers allowing them to take advantage of an array of DeFi products without spending tons of time on research — or any time, for that matter.

Here’s how Gnox works

First, a portion of all GNOX token sales go into a treasury. Those funds are then invested in a variety of DeFi products including staking venues, liquidity pools, and even asset-backed NFTs across several different platforms and blockchains. All profits from those investments then go back into the treasury and are shared proportionally with everyone who holds the GNOX token. This is in addition to the collective 1% override on all GNOX transactions that we mentioned earlier. 

Gnox is a fantastic idea for investors who want to take advantage of the high gains offered by DeFi platforms but who don’t have the time to do the research needed to find the best yield farming opportunities. 

Gnox is currently in its initial coin offering phase. The pre-sale began on May 12th and it ends on July 12th. The platform officially launches on July 18, 2022. While the GNOX token is deployed on the Binance Smart Chain, the Gnox team of DeFi specialists will be diversifying into DeFi platforms on not just BSC but also Ethereum, Solana, Cardano, and others.  

Learn more about Gnox:

Join Presale: https://presale.gnox.io/register

Website: https://gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Instagram: https://www.instagram.com/gnox.io/