The total market cap hovers close to the psychologically important level of $1 trillion. A fresh leg down on the 19th of August saw Bitcoin break out of its rising wedge formation to the downside, and investor sentiment has taken a beating. With expected fresh lows, investors are looking for projects to pick up at bargain prices.
Despite prevailing market conditions, a new reflection token Gnox (GNOX), pumped 3X on launch, and its delivery of a low-touch DeFi (decentralised finance) investment vehicle is attracting the Fantom (FTM) and Avalanche (AVAX) communities. Gnox has established a stable floor price and is flagging signals that its current price is a consolidation phase before another leg up.
Gnox is a novel approach to DeFi investment, streamlining the process into a single token. Token holders receive hourly reflections of BUSD and monthly dividend payments. Both are made possible by Gnox's tokenomics which include buy and sell taxes, with a portion of every trade sent directly to the treasury fund. The treasury is deployed in DeFi protocols to generate yield, and the resulting payment is paid out to investors.
In less than a week, Gnox's treasury has accumulated more than $100,000, and investors wait eagerly for the first monthly reflection. With the treasury built to grow, investors can look forward to receiving gradually increasing payouts each month.
The Unofficial King of DeFi. Fantom rapidly rose to prominence in 2021 and exploded in value. Even amongst cryptocurrencies, FTM is notorious for its volatility and for this reason, is a heavy favourite of day traders. Fantom's real strength lies in its DeFi application, utilising a DAG (directed acyclic graph) instead of a blockchain. Fantom can validate multiple transactions simultaneously and does not need to wait for the prior block confirmation. The result is rapid transactions with negligible fees.
Fantom continues to attract the most talented developers in the sphere and has one of the most thriving and dynamic ecosystems within crypto.
Avalanche is a layer one blockchain created to rival Ethereum. It introduced a new era of scalability and captured lots of liquidity within DeFi. Boasting far higher throughput than Ethereum, 6,500 versus 13, the Avalanche network allowed less capitalised players access to DeFi's profits.
Avalanche employs a unique design and technically consists of 3 separate blockchains, with each chain having a distinct purpose. The most popular is the C-Chain which is used to interact with smart contracts.
Interest in Gnox from the Fantom and Avalanche communities seems somewhat natural. With such a heavy focus on earning within DeFi for these investors, the idea of a low-stress investment vehicle must be highly appealing. Constantly adjusting the capital distribution, keeping track of impermanent loss, and finding new secure protocols is surely exhausting. Now, these investors can continue to share in the profits of DeFi without the stress.
Buy Gnox Token Now Directly From Pancakeswap
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
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