Gnox a revolutionary reflection token has seen its valuation surge 52% during its first week of pre-sale. The Gnox project will bring DeFi yield opportunities to all. Gnox has a dynamic valuation standard and its value has swelled driven by the popularity of the pre-sale. It is, by the community’s standard, one of the most hyped projects of 2022. Lined up to launch in Q2, who knows how much further its valuation will soar before the pre-sale is over. Originally the Gnox token was available at $0.01 per token but now stands at $0.0152 per token.
Aave is one of the most popular decentralised lending protocols and it has arrived on the Polygon network. Aave is centrally a liquidity protocol acting as a bridge between lenders and borrowers allowing them to access global liquidity pools. Aave allows users to collateralise a crypto asset and take out a loan against that asset, the loan-to-value (LTV) ratio varies but typically stands at 80%, allowing users to borrow up to $800 against collateral valued at $1000.
Aave allows participants to access unrestricted loans. In traditional finance, there is no denying the notions of credit have pushed the world forwards into a new age of economic activity, but now banks and other financial institutions operate permissioned financial services where the identity of the user is inextricably tied to their ability to access services. Aave utilising blockchain allows permissionless loans to anyone with collateral and an internet connection.
Aave Arrives on the Polygon (Matic) Network
Matic is the native token of the Polygon network. Polygon is a layer 2 solution built as a sidechain for Ethereum to help the congested network. Aave arriving on Polygon is an enormous moment for ordinary investors seeking to get a loan against their crypto. The transaction fees on the Ethereum network are exorbitantly expensive and often slow due to the network’s low TPS (Transactions Per Second). Users can now utilise Aave on the Polygon network allowing for lightning-fast transactions costing fractions of a cent. Opening up the possibilities for users of all capital levels to utilise Aave.
A brand new protocol bringing sustainable, and growth orientated passive income to its investors. Gnox currently in its pre-sale has seen its value shoot up driven by the intense demand thanks to its system of dynamic valuation. Through the project’s tokenomics, including a buy and sell tax, the project will build a treasury which will be used to generate yield which will be split between token holders proportional to the number of tokens owned. It is a protocol that aims to make DeFi investment accessible to all and is the first project to offer DeFi yield farming as a service. Gnox makes DeFi earning easy for those new to crypto and is infinitely scalable for regular investors and institutional investors. The pre-sale continues, and the valuation of the token continues to rise. More and more investors continue to buy in early to secure a better return and due to Gnox’s dynamic valuation system, the price continues to climb. From $0.01 to $0.0152 and the number of investors constantly increasing, how much further will it go?
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