Crypto investment looks attractive on the surface, but there are potential risks involved with any project. No matter how credible it may seem, there may be vulnerabilities that get exposed at the wrong time. This is the reason audit companies were set up to ensure a level of safety for new investors.
Solidproof, one of the top auditors in the crypto industry has recently conducted an audit on an upcoming Defi protocol, Gnox. The outcome of the analysis is on the positive side, as there were no problems or vulnerabilities found in the protocol's code. The automated report is free of human errors, and Solidproof claims that Gnox smart contract is safer than that of Harmony and Solana.
DeFi has attracted a significant share of scams, given the promises of unrealistic gains and high APYs. Entry-level investors often fall for get-rich-quick schemes and end up losing their money. While there are genuine opportunities to make consistent gains in the crypto market, it requires thorough research and analysis to pick the right options.
Gnox eliminates the need to verify the authenticity of yield-generating protocols, by investing on behalf of the community. One can benefit from passive income, without having to do any research or follow any complicated steps.
The Gnox protocol operates through a treasury that grows in strength through the implementation of the tax on each GNOX trade. Furthermore, the profits made by the protocol are also used for development and treasury deployment. Every token holder has the right to participate in taking decisions related to the project's future.
Once the contract is launched, Gnox will be completely decentralized. It will have its own aggregator tool that would allow investors to have visibility over treasury balance and corresponding allocation. The future roadmap looks great for a protocol that aims to transform the future of DeFi investing. Now that the project has been audited by a well-known auditor, there's no doubt why Gnox is a safe bet for both retail and institutional investors.
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.