Crypto projects launching on DEXs (decentralised exchanges) have made plenty of investors wealthy. Timing is an underrated part of crypto investment. Buying a token at launch vs six months after launch is often a massively different ball game, the former investor walking away rich, the latter netting a tidy profit but nothing life-changing.
A new reflection token, Gnox (GNOX), is coming to the Binance Smart Chain next week and will be available for purchase on the ecosystem’s premier DEX PancakeSwap (CAKE). After selling out its presale, Gnox displays all the bullish indicators for an explosive launch.
Gnox (GNOX)
Gnox is changing DeFi (decentralised finance) earnings and bringing the profits of DeFi investment to ordinary crypto investors. It is the first protocol with a treasury built to generate yield for the investor. Gnox offers yield farming as a service and assembles a capital fund by implementing buy and sell taxes. The treasury is deployed within battle-tested protocols to do the hard work for investors. This strategy has been dubbed ‘Hold To Earn’ by the developers, and with GNOX token holders receiving a monthly stablecoin reflection, it is easy to see why.
GNOX is a single token but represents a low-touch passive income solution exposing investors to DeFi. With the growth-focused nature of its treasury, Gnox is one of the best long-term investments and could well turn into one of the best launches of 2022.
Binance Coin (BNB)
The Binance Smart Chain is the second largest ecosystem within DeFi, and although it is not the largest by TVL (Total Value Locked), it is undoubtedly the most interacted with. Protocols built for regular crypto investors typically choose this blockchain due to its rapid transaction finality and low transaction cost.
BNB is the native token that powers the ecosystem and trades at $320. Launched in 2017 at $0.15 a token, BNB is an authentic ICO (Initial Coin Offering) success story. As the ecosystem grows and the popularity of Binance continues to increase, the token will inevitably continue its rise.
PancakeSwap (CAKE)
Launched anonymously in 2020, this DEX has quickly become a firm favourite amongst DeFi enthusiasts offering some of the most lucrative yield farming opportunities within DeFi. With the option to form LP (Liquidity Provider) tokens and single stake CAKE, investors can engage in multiple layered earning.
CAKE is the token provided by PancakeSwap in return for liquidity. This DEX is one of the keystones of DeFi and is used by many protocols in their rehypothecation process. CAKE trades at $4.30, meaning any CAKE currently generated has the potential to 10X in value if CAKE can target its ATH (All-Time High) again.
Find Out More Here:
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
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Source: https://www.thecoinrepublic.com/2022/08/15/bullish-gnox-gnox-launching-on-binance-smart-chain-bnb-buy-on-pancakeswap-cake-after-presale-sold-out-%EF%BF%BC/