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The blockchain industry is growing by leaps and bounds, regardless of the market fluctuations. Investing early in fundamentally strong projects has made exponential gains for smart investors. There’s no doubt that cryptos with long-term utility and fast-growing communities are here to say.
That being said, an upcoming project in the crypto space, Gnox, has been doing the rounds with its much-awaited launch in July.
Gnox is one of the fastest growing DeFi reflection projects and the first of its kind to provide “Yield farming as a service” to investors. Built on the Binance Smart Chain, it aims to fill the void between crypto and fiat worlds, while making it possible for entry-level users to benefit from its innovative features.
Most investors, and particularly those new to the DeFi space, fail to understand how strategies like staking, yield farming, lending, and LPs work. Gnox grew out of this concern and developed a non-custodial platform that uses treasury funds to make profits on behalf of users in a frictionless manner.
The multi-signature protected treasury will be loaded with a majority of DeFi LP tokens, NFTs, and stable coins, and these assets will be leveraged to provide liquidity inside safe pools. Rewards accrued from these investments will be used to buy its native asset $GNOX and redistributed to holders every 30 days. The buy-back event will help in mitigating the risks of volatile market conditions, allowing Gnox to protect its inherent value and appreciate with time.
Gnox also implements a 10% buy/sell tax on each transaction for the below reasons.
Furthermore, the multi-chain protocol will support Polygon
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