Reaching For The Stars: Gnox (GNOX) Runs A 52% Dash To The Upside Following KYC Audit By Soken DeFi

Gnox is a unique, decentralized crypto ecosystem offering an innovative financial management product they call “yield farming as a service.” Gnox is a first-of-its-kind platform designed to streamline and simplify DeFi investing for those who would rather trust their crypto investing to the professionals. 

Following Gnox successful KYC validation and listing on May 21, 2022 by Soken DeFi, $GNOX token price increased by 52% to $0.0152 from the initial presale price of 0.01. 

Who is Soken Defi?

Soken DeFi is a leading cyber security and legal firm specializing in compliance verification for DeFi and Web3 platforms. Soken utilizes several proprietary strategies to assure the legitimacy and credibility of companies to which they award KYC certification. 

 “Working with Soken is always a pleasure,” said a spokesperson for Gnox, “because they understand complex concepts quickly and deliver excellent outcomes.” They went on to state, “Gnox values Soken’s knowledge and the time and work put into granting us a KYC badge. We will continue to prioritize the safety of our investors in everything we do.”

What is Gnox? 

Gnox is a decentralized finance ecosystem offering a unique financial services product they call “yield farming as a service.” It’s a first-of-its-kind platform designed to streamline and simplify DeFi investing for invsetors who don’t have the time to put into researching DeFi opportunities. 

Identifying and researching staking and liquidity pool opportunities is a time-consuming process. In fact, just learning about DeFi and getting started can be time-consuming.

However, Gnox takes the guesswork out of yield farming. All investors have to do is buy and hold the GNOX token to take advantage of an array of DeFi products.

A portion of GNOX token sales goes into a treasury. Gnox’s team of experienced DeFi analysts does all the research and invests treasury funds into a curated basket of DeFi services.

All profits are then shared proportionally with everyone who holds the GNOX token. Additionally, 1% of all GNOX transactions, regardless of the platform used, is redistributed to holders every hour. 

Gnox isn’t the type of DeFi platform where it’s every trader for themselves. On most DeFi applications there are a handful of traders who have the knowledge and experience to be successful and there are also a large percentage who end up losing money.

Gnox is different in that all holders of GNOX tokens share in the same gains. 

As we’ve seen from the recent implosion of UST and LUNA, there are inherent risks that come with all DeFi platforms — even with stable coins. In order to reduce those risks, Gnox spreads its investments across several DeFi platforms, blockchains, and investment products.

This is something most investors won’t have the time to do themselves. 

Gnox is currently in its initial coin offering phase which ends on July 12th. The platform officially launches on July 18, 2022. Its native token, GNOX is currently deployed on the Binance Smart Chain.  

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