An initial coin offering (ICO) is when an upcoming crypto platform sells a token directly to the public before it enters the exchanges. You can tell a lot about an ICO by the knowledge of who is involved in the investment process. Early investors who have had success with similar offerings such as Solana (SOL) and Kava (KAVA) may be worth following. The ICO they are working on today; It comes from a new DeFi platform called Gnox that is both simple and powerful and offers an innovative way to invest in the best portfolio of cryptocurrencies. Gnox has a real chance of being the first DeFi platform to be massively adopted. It also has the potential to yield life-changing gains for long-term investors looking to build wealth for generations.
How does the GNOX token work?
The way Gnox works is that once the token enters the exchanges, a 6 percent tax on all aftermarket sales is invested in a treasury that is used to invest in a diversified portfolio of top cryptocurrencies. These assets are then deposited on the platform for lending, staking and liquidity pooling to generate passive income. Profits are then used to buy GNOX from exchanges. These tokens are then burned. This reduces the supply and increases the price. This happens monthly, which happens forever.
On top of that, 1% post-sale royalties are airdropped back to GNOX owners every hour. This means that traders can control and monitor the growth of their balance throughout the day as long as they hold the token. These innovative DeFi features achieve many things. First, they greatly encourage early adoption, as the treasury grows forever. Second, ever-increasing passive income encourages long-term retention. Third, royalty does not make the token attractive to day traders, which means that the token will have low volatility.
How can you participate in the pre-sale of GNOX?
The pre-sale is divided into three phases, with the token balance allocated to each round. If there are any unsold tokens at the end of a round, they are burned. Round 2 recently ended with a sale. The third round will continue until August 12. However, the tokens are expected to run out before this date. The platform launches on August 18. Those who want to buy some GNOX before the token enters the exchanges can buy it directly from the Gnox.io website. While you’re there, be sure to download and read the innovative whitepaper that explains in detail how the platform works. You can also learn about the team that went through the KYC audit by Soken.
GNOX makes investing and yield farming as simple as possible. SOL and KAVA whales participating in the initiative say that this level of simplicity is not just for whales; He bets it will also appeal to individual investors who are looking for a simple way to piece together a portfolio of cryptocurrencies and passive income on crypto exchanges and DeFi platforms. Buy and hold the token to earn life-changing gains and wealth for generations. Learn more about Gnox:
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