Gnox (GNOX) 50,000 USD Treasury Will Outperform Yields Of Ethereum (ETH) And Bitcoin Gold (BTG) From Start


One of the fundamental pillars of financial independence is passive income. Legendary investor Warren Buffet famously quipped, ‘‘If you don’t find a way to make money while you sleep, you will work until you die.’ Every investor should utilise their existing assets to generate revenue or buy assets that generate passive income. A new addition to the Binance Smart Chain, Gnox (GNOX), makes DeFi earning easy and offers ordinary crypto investors a residual income source. With an initial cash deposit of $50,000, the protocol treasury is set to outperform Ethereum (ETH) and Bitcoin Gold (BTG) yields.

Gnox (GNOX)

Gnox employs buy and sell taxes to accumulate capital in its treasury fund. The treasury is then deployed within DeFi protocols to generate yield. The resulting interest payment is swapped into stablecoin and distributed amongst investors every 30 days. This means all trading activity of GNOX builds the treasury and, therefore, its ability to earn. DeFi is the most rapidly growing financial sector and the developers at Gnox have created a single investment vehicle granting exposure to this nascent economic sphere.

The team at Gnox have injected $50,000 into the treasury, meaning the earning process has already begun, and in exactly 30 days, all GNOX holders will be receiving their first stablecoin reflection. With the growth-orientated structure of the protocol, investors can look forward to receiving even larger payouts the following month.

Ethereum (ETH)

Ethereum has dominated the markets and headlines over the past couple of weeks. The legendary Merge approaches where Ethereum will switch from PoW (Proof of Work) to (Proof of Stake), set to take place in September. This is an event many investors have been waiting on for years. If successful, the largest ecosystem within DeFi will see a massive upgrade in its scalability. The days of extortionate ETH gas fees will dissapear, and finally, when the third part of the Merge, sharding, is completed. Experts theorise that Ethereum could potentially process 100,000 transactions per second. A massive leap from its current average of 13.

ETH trades at $1,850. There is plenty of speculation about its price action post-merge with so much ETH being unlocked by stakers. The bulls fiercely pushed the price over the critical resistance of $1,700, but will it remain above that level?

Bitcoin Gold (BTG)

Bitcoin Gold is a hard fork from Bitcoin created in 2017, founded to retain decentralisation in mining and allow regular people to contribute to the network. As Bitcoin grew, so did the computational power required to mine it, leading to a monopolisation of Bitcoin mining.

Individuals can participate in mining Bitcoin Gold without the need for specialised miners. Bitcoin Gold returns to the original vision of a fully decentralised cryptocurrency. BTG trades at just below $29, and with its unique philosophical approach to the decentralised space, is an excellent token for blockchain enthusiasts. 

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