The key to maximizing returns in the crypto market is to be an early-bird investor in projects with a promising future. Gnox is one of them that has garnered a lot of attention during its 3-month long presale. Several media outlets have reported the rise in popularity of this new DeFi protocol amid turbulent market conditions. Now that the smart contract is launched, it is performing even better than top cryptocurrencies like Polygon (MATIC) and Polkadot (DOT).
Why GNOX is poised to be a high ROI investment?
The crypto industry has come a long way ever since the inception of Bitcoin. Innovation knows no bounds when it comes to implementing a disruptive technology like blockchain. What started as a permissionless peer-to-peer payment system has now evolved into other areas including, NFTs, DAOs, and DeFi protocols.
Gnox came into existence to solve one of the biggest problems in the DeFi sector. It bridges the gap between fiat and crypto worlds by utilizing its own treasury funds to generate a passive source of income for token holders. These assets are accumulated by applying taxes on each transaction.
The team has infused $50000 as initial capital to start with, and it will grow in strength over a period of time. Investments will be made toward liquidity pools, NFT acquisition, and loaning protocols to generate returns that can be shared among Gnox investors.
In addition to DeFi rewards, each eligible wallet will be credited with 1% of tax on each transaction. Users simply have to buy and hold Gnox without taking any additional steps to reap rewards. The protocol eliminates the need to research dozens of DeFi protocols to analyze which one is the safest. Experts at Gnox do that on behalf of the community and deploy treasury based on consensus by the token holders.
The introduction of Gnox aggregator tool will be yet another milestone that will change the way users track their investments. One can also have visibility over treasury balance and allocation to various liquidity pools, thus ensuring transparency and trust. These factors combined will have a great impact on how Gnox maintains an inherent bias to the upside, giving a high ROI to investors.
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