Crypto is full of surprises, and investors never know what is around the corner. Early investors in the Gnox (GNOX) protocol have just received welcome news of a capital injection into the treasury fund to start the DeFi (decentralised finance) earning process right out of the gate.
Gnox launches this week on the Binance Network, sometimes referred to as the Binance Smart Chain, and this DeFi earning solution will be earning from the outset. This news follows a string of surprise announcements from the project’s developers, including massive token burns, and all of these events have signalled that this is a team that cares about its investors.
Gnox is a low-touch and hands-off approach to DeFi investment. This protocol has been tailored to attract and deploy increasing amounts of capital over time and make DeFi more accessible to all crypto investors. By leveraging buy and sell taxes, Gnox accumulates a treasury used to generate yield for investors. Deployed in battle-tested protocols each month all the generated revenue is swapped into stablecoin and split amongst investors. A key takeaway is that only the interest payments are distributed, meaning that the principal sum constantly grows with any active trading of GNOX on the open market.
A larger treasury fund means a greater earning capacity, directly translating to larger reflections for GNOX holders. Given time and the accumulation of funds, it is highly plausible that GNOX holders will receive significant monthly payouts. When these begin to materialise, the price will inevitably rally.
Gnox has allocated $50,000 to the treasury fund. This means that from token launch, the treasury will be earning, and at the end of the first month, all GNOX holders will receive a stablecoin reflection. When GNOX launches on the open market, any and all trading will increase the size of this treasury fund which will be redeployed for the second month, and investors can expect significantly larger reflections. Coming out of the gate strong is essential in DeFi, and this allocation proves that the team behind Gnox intends to do so.
Binance Network (BNB)
The Binance Network is the most viable alternative to the Ethereum network, which remains too expensive for regular investors. The Binance Smart Chain is faster and cheaper than Ethereum and a hotbed of activity for DeFi protocols with a long-term perspective. Being one of the most secure networks in DeFi, it seems an obvious choice for Gnox.
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