Beat the Bear: How Gnox.io (GNOX) Paying Stable Coins in Binance (BUSD) Rewards can be Revolutionary
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The crypto winter is upon us as the market continues to stay volatile amid fear and uncertainty. The strong bearish momentum has caught everyone off guard, and there’s a chance we might be entering a multi-month bear market.
This is often the best time to make idle assets work for you by staking, farming, or lending. However, one cannot undermine the inherent risks involved in these strategies. Investors new to the cryptocurrency space have little to no idea about how DeFi works. The complex mechanism behind it can be overwhelming for even the best.
Gnox grew out of this concern and developed a community-focused platform where anyone can become a DeFi expert, and earn a stable passive income in BUSD. The idea of incentivizing token holders is nothing new, but to reward them with stable coins is a gamechanger.
Gnox is building a decentralized ecosystem that passively rewards those who hold its native token $GNOX. There’s a 10% tax on each transaction, out of which 6% is reserved for boosting the DeFi treasury. The protocol utilizes these funds to provide liquidity to safe pools and earn interest from lending. A proportion of rewards generated from these investments is shared among GNOX holders in BUSD, based on the size of their portfolio. In addition, 1% tax on every transaction is automatically transferred to the wallets every 60 minutes.
By following this strategy, Gnox encourages long-term investment where users are consistently paid dividends for just holding the token. Furthermore, the payout in stable coins ensures that the investors are protected against volatile market conditions and low liquidity. All these
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