Cryptocurrency

What is Gnox Token (GNOX)? The Ultimate Guide to the New DeFi Cryptocurrency and How to Earn with Binance Token (BNB) Vault on Binance Exchange

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There are two tokens everyone's talking about right now: BNB and GNOX. And that's because they're both recently introduced platforms that simplify DeFi investment strategies like staking, putting real passive income benefits into the hands of regular investors. So forget about those hourly charts and stop worrying about "get rich quick" pump and dumps on other altcoins. Strap yourself in for the long-haul and enjoy simply passive income returns over months and years. That's what real, sustainable investing should be all about. And both GNOX and BNB will help you do it.

What is Gnox Token?

Gnox Token is built on the GNOX platform and aims to simplify DeFi investment strategies, putting their benefits in the hands of regular and institutional investors. In a world that's sometimes been unwelcoming to newcomers who don't understand how things like staking and loaning protocols world, it's what the industry has been crying out for as a bridge into the mainstream investment world.

GNOX works by levying a sales tax of 10% on transactions. This sales tax is then split in a number of ways. the vast majority of it (6% of the total transaction) is put into a treasury of funds. Alongside this, 1% is paid back to holders every hour. The remaining taxed funds are used to help solidify the coin's value on pancakeswap and to help with marketing efforts (so the project can continue to grow).

This treasury is the most interesting part, and it's where the real magic happens. The treasury funds are then re-invested into other crypto projects, from stablecoins to NFTs. Proceeds from these investments are then paid out to GNOX holders every month as real passive income. And holders don't need to do anything apart from vote on how much risk they want the investments to be liable to.

For these reasons, demand for GNOX during pre-sale has been extremely high. So high, pre-sale was recently extended. They've sold over 49million coins so far, and with future token burns planned, prices could continue to surge.

How to Earn with BNB Vault

Another option for those wanting passive income returns in the crypto world is the newly-launched BNB Vault. The BNB Vault on Binance allows BNB token holders to stake and more with one simple interface.

On the BNB Vault, staking BNB is simplified and users get to enjoy a range of different services with just one click. They'll also get access to Binance's Flexible Savings products and Launchpool tokens. For users who can't decide where to put their BNB tokens to maximize yields, they get all the information available in an easy-to-use interface, and only one click away from starting to earn.

So for crypto fans who want to enjoy passive income returns without the headaches, both GNOX and BNB Vault are perfectly placed to help them. Staking and other DeFi investment strategies shouldn't be complicated, and these two platforms aim to bring their benefits to more traditional investors. That's why we love both BNB Vault and GNOX.

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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.

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