A hot new addition arrives on the Binance Smart Chain this week. Following a total allocation during its ICO phase and the current bullish market sentiment, Gnox (GNOX) looks ready to launch fantastically. With no psychological levels of resistance to tackle, the price discovery round of this token could get intense.
The developers at Gnox have done two things investors should always look for, had their smart contracts audited and completed a KYC procedure. They employed SolidProof, a leading german contract auditor, and engaged Novos, a well-respected blockchain technology solutions provider. Investors do not need to trust the protocol developers because the code does not lie. All results have been published openly and can be audited by anyone. After optimising their contracts on SolidProof's recommendations, Gnox has joined the ranks of PancakeSwap (CAKE) and Fantom (FTM), ensuring total security.
Gnox makes DeFi (decentralised finance) earning easy. Gnox offers yield farming as a service and has designed a token that is a single investment vehicle exposing investors to the profits of yield farming and DeFi more broadly. By implementing buy and sell taxes to accrue a treasury fund, Gnox has designed a token that earns for investors offering a low-touch solution. The treasury is deployed in DeFi protocols, and each month, all the generated interest is split among investors.
A critical point that crypto analysts have consistently noted is that only the proceeds, never the principal, are distributed. This means that with time as the treasury fund amasses funds, the potential for larger payouts grows significantly.
PancakeSwap is the leading DEX (decentralised exchange) on the Binance Smart Chain and the most visited DEX within DeFi. Launched anonymously, this food-themed yield farming paradise is open-source, meaning anyone can audit the smart contracts. And on top of this, they have been audited by professional companies multiple times.
CAKE, the native token, trades at just above $4 and is provided to investors in return for providing liquidity. CAKE is easily one of the best layered earning tokens within DeFi, and also one of the safest.
Fantom is a scalability solution with smart contract capability. Part of the new group of layer one projects collectively dubbed 'The Ethereum Killers'. Fantom distinguishes itself by employing a DAG (directed acyclic graph) instead of a blockchain which allows it to process multiple transactions simultaneously and is one of the best-performing blockchains in the space.
FTM, the native token, trades at $0.36. Fantom's smart contracts and many of the smart contracts active on the network, such as SpookySwap's, have been audited multiple times. Meaning investors know that their funds are safe and secure.
Security is paramount, especially within DeFi. Investors are utilising non-custodial wallets to interact with these protocols and thus the responsibility of security for their assets falls squarely on their shoulders. Smart contract audits and KYC procedures are mandatory, and a great indicator of projects looking to offer enduring value to ecosystems.
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
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