Competing in today’s contest we have GNOX, SAMO, and FLOKI tokens. Let’s pit each of these potential investments against each other and see which one wins the gold medal.
Bronze medal – Floki Inu (FLOKI)
Floki is Elon Musk’s dog (a shiba inu, of course). This is the first sign that Floki Inu (FLOKI) is designed specifically to appeal to meme traders.
Inspired by Shiba Inu which launched in 2021, this token blasted to 1,000x making founders and early adopters massive gains (if they took profits). However, those who got in at the top weren’t so fortunate as the price has fallen almost 100% since its high in October.
If you’re a trader, Floki Inu is not an extremely liquid token. If you’re a long-term investor, considering the risks, it’s not ideal for the preservation or growth of capital.
But if you’re just into meme coins and play-to-earn gaming with crypto, this is a fun token to play around with as it’s focused on becoming a metaverse community. In the works is a P2E game called Valhalla and an NFT marketplace called FlokiPlaces. They’re also working on building “Floki Inu Versity” — a place where holders can learn more about crypto trading.
Silver medal – Samoyedcoin (SAMO)
Another dog-themed meme coin Samoyedcoin (SAMO) bills itself as “Solana’s Cutest Ambassador.” According to the project’s website, “at its core, SAMO is an emerging digital asset that backs a community concentrated on onboarding Solana users.”
There are a couple of things that might make this coin an interesting investment. First, the project is focused on creating scarcity with three burns already behind them. Second, the token has developed its own DAO (decentralized autonomous organization) — people love to be part of a team. They’re also developing projects like an NFT market and metaverse presence.
As with FLOKI, SAMO has fallen more than 95% since its peak last fall, but it might be a perfect coin for flippers. It went up 85% on May 12th and has since come back to earth. However, keep in mind that it also has low volume.
Gold medal – Gnox (GNOX)
Gnox is a new DeFi token. While FLOKI and SAMO are focused on gamers and meme traders, Gnox’s strategy is focused on long-term investors.
Gnox — symbol also GNOX — “was developed to make DeFi earning simple and frictionless for entry-level investors.” The platform offers “yield farming as a service.” The idea is to save crypto investors time while reducing risk.
A team of crack DeFi specialists do the research and invest the funds into staking platforms, liquidity pools, and the like. Its mission is to maximize returns while minimizing risks. All profits are then shared proportionally amongst GNOX holders.
The thing that makes this so appealing is that most crypto investors lose money because they don’t have the knowledge or can’t make the time to really do the research required to find the best staking and investing opportunities.
The mission doesn’t officially commence until Q3. However, the company’s initial coin offering is in progress and sales seem to be brisk.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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