After investing in Sandbox, it is high time to make millions from the new Gnox
Blockchain-based gaming projects like the Sandbox have emerged as firm investor favorites over the last quarter of 2021. Undoubtedly, Facebook’s decision to rebrand to META and pivot to the Metaverse has strengthened the case for the asset class.
However, the token’s value began to fall once more at the start of 2022, amid a widespread drop in the crypto market due to the likelihood of tightening monetary policy and geopolitical concerns.
Sandbox: One big-time phenomenon?
The token hit its all-time high of $8.4 on November 25, 2021, a 16,387 percent increase from its debut price of $0.051 on August 15, 2020.
However, The Sandbox price has been under significant pressure in the past months as institutional and individual investors are concerned about its performance during a period of rising interest rates.
The Sandbox is an Ethereum-based platform that runs a decentralized virtual gaming universe.
At its core, Sandbox is a game in which players can purchase digital plots of land called LAND and build experiences on top of them to share with other users.
The Sandbox is a living virtual world filled with user-created content. Players can create their own NFTs, such as avatars, virtual items, and even games, using VoxEdit and Game Maker.
They can use the virtual items not just to engage with other players, but can also monetize them by exchanging them on the Sandbox Marketplace.
Investors are eyeing Gnox (GNOX)
Gnox’s buzz has grown in recent weeks as several media outlets have been reporting on its exciting launch.
Their planned project has been gaining widespread attention from both individual and institutional investors alike, topping off a great few weeks for Gnox and its developers.
The Gnox Protocol is proud to be the world’s first reflection project that invests in DeFi yield earning protocols for its users using its treasury. It is known for offering an easy-to-use DeFi income provider for those new to crypto.
“We are the first DeFi earning protocol to offer ‘Yield Farming As A Service’ to private and institutional investors,” says the Gnox spokesperson.
“We believe in rewarding our long-term holders and users by generating a passive income equivalent to what the treasury earns over time,” he adds.
The project team will begin with a small treasury, but as it grows, so will its purchasing power. It will also increase their ability to create more unique features and generate more rewards for their long-term holders.
After Sandbox, institutional investors’ next aim is Gnox
Each token is so unique, so it is difficult to make broad statements about them.
While alts might occasionally follow one other’s movement, it is normal to see one token being targeted to be the next ‘big’ coin, while another struggles to keep above its support level.
Sandbox has been steadily declining since December, with institutional investors focusing on Gnox, the first self-acquiring reflection token.
By leveraging their treasury to provide liquidity inside reputable and safe pools, investors can have confidence in knowing that the fair market price of their token has an inbuilt bias to the upside.
Gnox utilizes its strategy across multiple pools offering up to 50% APR while current traditional banks average less than 2%, creating an obvious advantage for the coin.
Its goal is to provide holders with an investment vehicle that does not require any further activities – where individuals buy, hold, and profit while Gnox does the grunt work.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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