The entire crypto ecosystem is in build mode. The macroeconomic environment is moving increasingly towards risk-off, and high-risk assets are suffering. But while the price is depressed, projects are busy improving their value proposition, and DeFi (decentralized finance) continues to develop at a breakneck pace. The recent relief rally could well be the beginning of a new bull market, but only time will tell. The best approach for investors is to follow value, and the price will come naturally. This article features a new protocol that is attracting DeFi investors in droves.
Gnox is slated to launch on the BSC (Binance Smart Chain) in Q3 and is entering its third and final presale stage. Gnox is the first protocol to offer yield farming as a service, and its new reflection system attracts investors active within DeFi. Gnox changes the paradigm of DeFi earnings, making them accessible to all and no longer the preserve of a select few.
Gnox features a treasury- the first treasury designed to be used on the investor’s behalf- funded via buy and sell taxes. It is deployed within DeFi protocols to generate yield, and every month investors will receive a stablecoin reflection. Gnox offers a low-touch investment solution to the rapidly evolving landscape of DeFi. With the protocol paying out stablecoin in the current market conditions, it is drawing lots of attention from BNB and FTM investors who are heavily active in the sphere. This single investment vehicle set to deliver increasing payouts with time is a perfect choice for investors seeking to grow their passive income streams.
Binance Token (BNB)
BNB is the native token of the BSC and is used to power the entire ecosystem. The BSC is the second largest ecosystem ranked by TVL (Total Value Locked) and features some of the best yield-generating protocols in DeFi. Many are hosted on the popular DEX (decentralized exchange) PancakeSwap, where investors can create LP tokens to farm and single-stake tokens.
The BSC made DeFi affordable to investors who cannot pay the obscene Ethereum gas fees, which is why it has proliferated. New protocols launch every day, and investors are always looking for fresh yield opportunities, so many of them have begun investigating Gnox.
The Opera network went live in 2019, and Fantom quickly became one of the go-to chains for DeFi investors. Often hailed as the unofficial king of DeFi, Fantom has continued to eat other layer one’s TVL. Its growth was driven by its delivery of lightning-fast and incredibly cheap transactions- all while being EVM (Ethereum Virtual Machine) compatible.
FTM, the native token, is notorious for its volatility, currently trading at $0.32; there is no telling how high this token will fly during the next bull market phase.
Passive income is one of the most powerful tools for building wealth, and participants active in DeFi understand this; that is why they utilise their existing assets to generate revenue. Gnox has the potential to disrupt DeFi earnings. With its monthly stablecoin payout and growth-orientated nature, it is no surprise that BNB and FTM investors are gravitating towards the protocol.
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Join Presale: https://presale.gnox.io/register