Gnox’s presale sold-out is attracting Binance Coin and XRP communities with its promise of passive income utility. The new DeFi project will allow crypto enthusiasts to earn an income simply by buying and holding its token.
The team behind Gnox has a strong track record in the cryptocurrency space, and the project has the potential to disrupt traditional investment assets. Binance Coin and XRP investors are drawn to the project because of its high potential returns and the team’s experience.
Binance Coin (BNB) and XRP (XRP)
BNB continued its price surge that started last week when token issuer Binance said it was expanding staking options to more cryptocurrencies. BNB gained 5.3% to $328.
With a rising wedge forming on the daily chart, holders of BNB should know that the fifth-largest cryptocurrency is set to embark on a bear run. After a 6% price rally over the last seven days, BNB is the only coin among the top five cryptocurrencies to register any gains.
On the other hand, XRP observed a transient range-bound oscillation in the $0.307-$0.367 zone that lasted nearly seven weeks. However, the altcoin’s gradual increase in buying pressure led to a bullish flip of the $0.36 support. This growth entailed an ascending channel in the daily timeframe.
Launched in 2021, XRP is an open-source, permissionless, and decentralized technology. Its benefits include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second), and inherently green attributes (carbon-neutral and energy-efficient).
What is Gnox (GNOX)?
Gnox, a newcomer to the DeFi industry, has caught the interest of the crypto community by selling out its presales. Gnox features three stages of the presale. Its first and second presales were totally sold out, and the third and final stage is now underway.
Gnox is the creator and pioneer of a completely new class of reflection tokens. Large whales from the Binance Coin and XRP ecosystems seeking income on their investments are lured to Gnox because it simplifies DeFi (decentralized finance) earning. Gnox is upending DeFi by leveraging cutting-edge technology.
Gnox, one of the first reflecting tokens to use yield farming, gives its token holders access to a portion of the higher return yields earned by the Treasury from other protocols. Using Gnox to generate passive income is as simple as purchasing, holding, and receiving an automatic earnings return.
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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Source: https://coinpedia.org/press-release/gnox-presale-100-sold-out-puts-this-crypto-on-binance-coin-and-xrp-communities-radar/