The market reversal has arrived. It appears the macro bottom for the current cycle is already in, and the total market cap of digital assets has broken out of its bearish trend and continues to climb steadily. With inflation slowing down, the Ethereum merge drawing closer, and the FED growing more dovish. The following months will see explosive gains across the entire asset class.
One new protocol, Gnox (GNOX), a novel type of reflection token, is drawing the attention of Binance Coin (BNB) and PancakeSwap (CAKE) investors. This comes as no surprise with these investors loving to generate yield, and Gnox’s low-touch solution is naturally highly appealing. Gnox launches in less than one week; it has totally sold out of its presale phase, and with such strong momentum buying at launch is likely the only way to guarantee a decent entry point before GNOX goes on to rally.
Gnox is revolutionising DeFi (decentralised finance) investment. Generating yield in DeFi is complicated and time-consuming, and Gnox has distilled this entire process into a single investment vehicle: GNOX. This much-needed simplicity has driven the token’s popularity and led early investors to buy up the whole supply during the presale.
Holders of GNOX will receive a monthly stablecoin reflection and an hourly distribution of GNOX. This is made possible by buy and sell taxes and Gnox’s Treasury. The first treasury designed for investors, which accumulates funds and is deployed within battle-tested DeFi protocols to generate yield for investors.
With only the proceeds, never the principal, being distributed, this fund is designed to grow aggressively over time. This will lead to larger stablecoin reflections for investors; Binance Coin (BNB) and PancakeSwap (CAKE) holders have realised this and recognise the launch could be the last decent entry point.
Binance Coin (BNB)
BNB is the native token of the BSC (Binance Smart Chain) ecosystem. The second largest ecosystem ranked by TVL (Total Value Locked) but the most frequently interacted with by ordinary investors. Home to Venus, Alpaca Finance, BiSwap, and PancakeSwap, there is no shortage of earning opportunities within this ecosystem.
BNB trades at $330 and being the utility token of Binance, always experiences movement upwards with increased trading activity. The reversing market conditions and the uptick in trading volume guarantee great price action for BNB in the coming months.
PancakeSwap is the premiere DEX (decentralised exchange) of the BSC ecosystem and the most visited DEX within crypto. CAKE is the native token used to incentivise users to provide liquidity.
A classic yield farming pool is CAKE-BNB offering 20% APR. Users can further stake the CAKE rewards to generate more yield and partake in multiple layered earnings. CAKE trades at $4.45 and is a classic staple of any DeFi enthusiast’s portfolio. With its current depressed valuation, all CAKE yields are supercharged.
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Join Presale: https://presale.gnox.io/register