With less-than-ideal market conditions, investors may see an upside with coins that are defying the downward spiral of the cryptocurrency market. A new DeFi earning solution called Gnox (GNOX), which is intended to work digital assets on various networks, could be a solid bet for massive gains.
What is Gnox (GNOX)?
Gnox is a DeFi reflection project that uniquely offers “yield farming as a service.” This offering takes away the effort of working digital investments, staked NFTs, liquidity pools, and loaning protocols from token holders. Instead, token holders enjoy passive income without any trouble. They also receive a percentage of the 10% tax obtained from each transaction on the network. Therefore, the bigger the Gnox ecosystem becomes or the higher the volume of transactions in the network, the more massive the gains for token owners. Owing to the built-in features for passive income and rewards, long-time investors will gain the most from Gnox.
Binance Smart Chain (BNB)
Gnox is capable of multichain expansion and presents an endless opportunity for use cases. At present, Gnox is built on the Binance Smart Chain, which is a leading blockchain for DeFi. Binance enables smart contracts and can conduct quick transactions at costs that are much lower than Ethereum. Gnox aims to leverage Binance’s capability for cross-chain communication and scalability of DApps.
Avalanche is another popular blockchain for smart contracts that supports DApps and autonomous blockchains. Owing to the parallel nature of its consensus protocol, Avalanche has an impressive time-to-finality. It is capable of processing 4,500 transactions per second while Ethereum can only complete 30. Because of the security, speed, and versatility that it offers, Avalanche is typically referred to as the Ethereum killer.
For now, Gnox is focused on using the Binance Smart Chain. While that is the case, however, Gnox developers also plan to link with Avalanche as well as with the Bitcoin, Ethereum, and Polygon platforms. Gnox appears to be set for exponential growth by maximizing its potential for scalability.
For more about Gnox:
Join Presale: https://presale.gnox.io/register
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