GNOX token is launched to address the main challenges of the DeFi segment
Gnox, Cardano, and Binance: What Makes These Three DeFi Platforms So Special? The answer is that everyone has a chance to take a big chunk out of market leader Ethereum in the next few years.
Right now, Ethereum is the heavyweight smart chain and a stronghold for decentralized finance platforms. But will it stay that way? How many of you are old enough to remember the browser wars between the top two leaders, Netscape vs. Explorer, which are now dead? Or the battle for search engine dominance between platforms like Alta Vista, which was bought by Yahoo, and Excite, whose doors were blown up by Google. Therefore, being one of the first candidates does not guarantee that you will be able to move away from the group.
Binance is a well-established DeFi powerhouse. Right now, $BNB is about a third of the market cap of $ETH and is gaining traction. And Cardano, with its slow and steady development approach, is getting in shape to take on both giants. The market capitalization of $ADA is half that of BNB, but is still sitting at a respectable $16+ billion. And millions are investing in various other competitive Layer 2 DeFi platforms.
But what about the Gnox token? What makes it so special?
While even technologists still struggle to deal with crypto wallets and DeFi platforms, Gnox has come along and made investing in crypto a no-brainer. For DeFi to see mass adoption, it needs to be simple.
You can think of Gnox as a financial management service. You put your money in their hands and they do all the heavy lifting to identify and analyze the myriad of opportunities to invest their clients’ money in a diversified, risk-adjusted portfolio of individual assets across various market sectors.
In essence, all people have to do to invest in DeFi opportunities is buy and hold the GNOX token. That is all. No more CEX and DEX, staking, loans and pools. All of that is done for headlines. It’s called “yield farming as a service.”
While that’s an apt analogy to get the idea across, it’s a bit more complex than that. Gnox has developed a tool that collects data on passive income opportunities from various platforms and blockchains. Those come down to the cream of the crop. GNOX holders can then collectively vote on which investments are worthwhile, if they so choose.
The treasury of these investments is financed with a 10% royalty on all secondary market token sales. Most of that goes to the treasury, but 10% of that also goes back to current holders. Treasury earnings are shared proportionally among all GNOX holders on a monthly basis. The royalty ensures that the treasury continues to grow whether we are in a bull market or a bear market.
The Gnox platform will launch in mid-August. In the meantime, they are offering good incentives to participate in their ICO. In addition to not having the 10% royalty, the tokens are being burned at various stages of the ICO. When finished, all unsold tokens will be burned.
So while Cardano and Binance are likely to take business away from Ethereum, Gnox Token has the potential to consume the market capitalization of all of them.
More information about Gnox:
Join the presale: https://presale.gnox.io/register