Current market conditions constitute a haven for investors, and projects that continue to build are showing their resistance and thus their excellent investment potential. DeFi (decentralised finance) is not slowing down and continues to introduce new financial services and yield generating opportunities for investors who want to put their crypto assets to work. The whole ecosystem is busy building and increasing its value proposition to become a more viable competitor of TradFi (traditional finance). This article features a crypto project that has enjoyed enormous success in its presale stage and is attracting DeFi investors from other chains.
Gnox (GNOX)
Gnox completed a total distribution of tokens during its second presale stage. Every single token available was sold, and the momentum is heavily in the project’s favour. Gnox is bridging ordinary crypto investors and DeFi earnings, making it easy for anyone to generate yield within DeFi. The protocol features a treasury funded by buy and sell taxes which is deployed to generate income within trusted protocols. Every month all the proceeds are swapped into stablecoin and split amongst GNOX holders.
The treasury has been built to accrue over time and thus deliver greater stablecoin payouts. Gnox has been built with long-term investors in mind, and these early investors have spotted an undervalued project. When Gnox’s stablecoin payouts materialise, many crypto analysts expect this token will rally hard, and early investors will net huge profits.
Ethereum (ETH)
The big player in DeFi. The Ethereum network is responsible for DeFi, and the network has driven the crypto ecosystem forwards massively. Bitcoin is the store of value, and Ethereum is the infrastructure of the asset class. Launched in 2015, Ethereum quickly established itself and has stood in the second spot for years. Headed by Vitalik Buterin, this network is at the forefront of development and is nearing the long-awaited merge transiting from PoW (Proof of Work) to PoS (Proof of Stake). The merge will drastically improve the network’s throughput and make it more affordable and accessible to ordinary investors.
ETH currently trades at $1,400, and when the merge is completed, and ETH becomes a deflationary token, no one knows how high this crypto can soar.
Polygon (MATIC)
Polygon, launched in 2017, is a layer two scaling solution and a sidechain for the Ethereum network. Polygon brought DeFi to investors unwilling to pay $100s for gas fees and had a considerable role in democratising DeFi investment. Polygon brought lightning-fast and cheap transactions to the largest and most bountiful ecosystem within crypto and, due to this, exploded in value.
MATIC trades at $0.80, down from its ATH (All-Time High) of $2.92. At its current price, it offers a great entry point for investors.
Final Thoughts
ETH holders, specifically MATIC holders, are involved in the world of DeFi and love to generate yields with their existing crypto assets. Gnox’s value proposition and the protocol’s simplicity is drawing these investors to the protocol. Receiving a monthly stablecoin payout in the current market conditions is a highly attractive proposition, and one many investors are taking advantage of, judging by the presale result.
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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/07/the-culmination-of-gnox-gnox-presale-phase-two-being-sold-out-draws-attention-of-investors-from-ethereum-eth-and-polygon-matic