Gnox Could Make You Bear Market Profits Instead of Holding Tether, USD Coin, & Binance USD Stablecoins

Is investing in dollar-pegged passive income opportunities risky? While it wouldn’t seem so, ask that question to anyone who lost millions of dollars when UST crumbled — and then run. The sad fact is that you never know how much risk you’re taking on when it comes to crypto, and any platform could go bust at any moment, leaving you holding an empty bag.

Whether you choose to stake your claim in popular stablecoins such as Tether’s USDT, Circle’s USDC, or Binance’s BUSD, you’re taking on some risk. No amount of risk is worth betting all your marbles on one toss. 

Sure, you could spread your investments across all three of those stablecoins. However, identifying and analyzing passive income opportunities takes time. And even after spending tons of time, you still might not be getting the best possible results. 

What if you could invest your crypto across a wide array of passive income opportunities across several DeFi platforms on blockchains? That would greatly reduce the risk. But who has time for that? Thanks to a new DeFi platform called Gnox, everyone has time for that.

Gnox Offers Yield Farming as a Service

Gnox offers what they call “yield farming as a service”. In essence, all crypto investors must do to diversify and maximize their passive income is buy and hold GNOX tokens, and all the rest of the work is done for them. 

The developers of the GNOX token have developed a sophisticated tool that gathers data on passive income opportunities from across the crypto sphere. A team of experienced DeFi analysts uses that data to find the most rewarding opportunities. Those options are then run by holders of the token to decide which are worthy investments.

GNOX can be thought of as a type of crowdfunding/crowdsource platform. Unlike most DeFi platforms with winners and losers, GNOX holders all share the same rewards.

Each time someone buys or sells GNOX on the open market, the contract automatically rakes 10% of the transaction into a common treasury used to invest. (Don’t worry, you get that back over time.) This accomplishes a few things. First, it assures that the treasury is constantly growing. Second, it discourages short-term trading, and third, it encourages hodling.

The majority of the rake is added to the treasury. Profits from the treasury are used to buy back and burn GNOX tokens, which means the asset has coveted deflationary tokenomics. Also, a portion is also airdropped back to holders for guaranteed passive income. 

GNOX ICO Runs Until August 12

Gnox is currently in presale mode, with the platform officially launching in mid-August. A portion of the presale tokens is being burned each month. Then, upon launch, all unsold tokens will be burned, and no additional tokens will be minted. 

This strategy not only assures a fair launch but also assures that the earlier one adopts some GNOX tokens, the more substantial the increase in the value of their tokens will be upon launch. 

Why would anyone want to dabble with stablecoins? You have to do all that research and babysit several investments to get the best results. Instead, you can simply buy and hold a GNOX token and enjoy lower risk and higher returns.

Learn More About Gnox:-

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Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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