Passive Income Made Easy With These Two Cryptocurrencies; Gnox Token (GNOX), And Kava (KAVA)

What is passive income? Passive income is money generated from investments or side business activities. Simply put, passive income aims to achieve stable cash flow without working full-time every day. If you’re looking for ideas to generate passive income, these two cryptocurrencies will make it easy for you: Gnox Token (GNOX) and Kava (KAVA). How do GNOX and KAVA guarantee your passive income?

Gnox Token (GNOX)

GNOX is a reflection token, often mentioned as a reward token. It is the first DeFi yield protocol to offer yield farming services to investors. Gnox’s yield farming protocol is the key that gives GNOX token value as an excellent source of passive income.

What exactly is GNOX’s DeFi yield farming service? Also known as liquidity mining, yield farming allows investors to earn passive income by investing their cryptocurrencies or crypto assets in decentralized platforms and increasing their prices.

Speaking of GNOX, its users can generate new GNOX tokens by investing in the Gnox DeFi platform liquidity pool. The GNOX platform will use these currencies to maintain liquidity, trade, lend and borrow.

While the GNOX platform earns fees for these transactions, Yield Farmer investors, in turn, receive a portion of tokens based on their investment in the liquidity pool.

In short, when people lock up their Gnox tokens on the blockchain network, they earn rewards.

Gnox’s philosophy is to reduce risk by investing in a diversified portfolio across multiple DeFi platforms and blockchains, and this diversification reduces the downside risk of the token.

As such, GNOX’s innovative yield farming seamlessly provides crypto enthusiasts with passive income through transaction fees on the Defi platform.

GNOX’s exciting approach to yield farming has become a major interest for investors as the token has gained 52% in its first pre-sale phase.

Gnox promises 20% bonuses and some other benefits to early investors. Find more detailed information about $GNOX presale dates on gnox.io.

Kava (KAVA)

Kava is a cross-chain DeFi platform that provides loans and stablecoin collateral for users of major crypto assets such as BTC, XRP, BNB, and ATOM. Crypto asset collateral allows users to borrow USDX. USDX is a stablecoin on the KAVA platform.

Kava is based on Cosmos and uses a Tendermint-based Proof of Stake (PoS) consensus mechanism. This means that users who hold KAVA tokens will receive staking rewards for using their holdings to support the operation and security of the Kava network.

The idea of using KAVA tokens as a passive income source is in their staking nature.

KAVA’s staking nature means token owners can get KAVA token rewards as passive income by holding a certain amount of crypto in a staking pool for some time.

GNOX And KAVA As Passive Income: Bottom Line

Staking is a technical and straightforward process, and yield farming is considered a more advanced and newer method of it.

Rather than increasing liquidity and providing lending services, the staking method powers the blockchain, while yield farming pays close attention to user rewards and experience.

Staking and yield farming are both accepted forms of passive income. While proof-of-stake mechanisms are widely used in crypto tokens, Gnox is saying a new word with its Yield Farming System. Investors and analysts are optimistic about the newly founded coin (GNOX) due to its advanced approach and significant price growth only in its first presale phase.

To learn more about GNOX:

Join Presale: https://presale.gnox.io/register

Website: https://gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Instagram: https://www.instagram.com/gnox.io

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