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The year 2022 has shown us that the crypto market can be unforgiving at times. Bleeding tokens have kept investors on the sidelines as they wait for another opportunity to make life-changing gains. As per Bitcoin and Ethereum experts, this is the best time to pull the trigger on promising new projects like Gnox. It recently concluded a successful presale and is all set for the much-awaited launch in August.
Gnox is a decentralized protocol that brings the benefits of yield farming to the community without any inherent risks. The Gnoxian ecosystem derives value from investors while giving back to them for holding GNOX tokens. For each trade on its network, there will be a 10% tax, out of which 6% will go toward treasury funds. These are invested in various liquidity pools and lending protocols to reap returns, which are then redistributed to token holders.
In addition to passive rewards, 1% of the tax is also credited to every wallet every 60 minutes. With the growing strength of the treasury, the passive income for token holders will keep increasing. A bear or bull market will have no effect on these accruals.
Any decision related to treasury deployment, token burn, and other important developments will be taken in agreement with the community. Every proposal will be put up for voting to arrive at a consensus.
With plans to introduce a multichain aggregator after the launch, Gnox strives to be a one-stop platform for all DeFi needs. Anyone can access their investment portfolio across multiple chains with a single click. Those invested in the ecosystem can have complete transparency over treasury balance and the corresponding allocation. Once the contract is launched, there will be no central entity controlling Gnox funds.
All the unsold tokens from the presale were permanently removed from circulation, and future token burns may also be scheduled to keep it deflationary. The team is also behind investing in rare NFTs that may appreciate over time and give good returns for the community to share. With lots of exciting things in the pipeline, Ethereum and Bitcoin experts are turning their attention toward Gnox for a good long-term investment.
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.
