There are three traits that may make a top-10 cryptocurrency — utility, reputation, and ease. In case your coin or token doesn’t have a number of one or two of those three qualities, it’s going to get crushed by the competitors.
Binance Coin (BNB) is presently the fifth largest altcoin by market cap. It’s success is due for probably the most half to the truth that Binance is among the most used crypto exchanges on Earth. That’s, BNB has tons of utility. Not that it has mass client adoption but, however it’s a favourite hang-out of skilled crypto merchants.
Dogecoin (DOGE) is profitable virtually completely due to its reputation and immediately recognizable model identify. DOGE doesn’t supply a complete lot in the best way of utility, nevertheless it does have probably the most recognizable brand of any altcoin. By no means underestimate the facility of a robust model identify to draw a devoted group.
Simplicity is tougher to return by in altcoins. Bitcoin is easy. Its mission is just to behave as a retailer of worth and cost methodology. It doesn’t do something fancy. It leaves all the flamboyant stuff as much as layer two builders.
Nonetheless, there may be one altcoin that’s easy like Bitcoin, and that packs tons of utility punch like BNB. And it’s solely a matter of time till Gnox Token (GNOX) achieves the recognition and model identify recognition of DOGE or Bitcoin.
The simplicity lies in the truth that GNOX has one single perform — that’s to make cypro investing so simple as humanly attainable. To be able to put money into crypto safely, it’s tremendous vital to diversify your holdings. However who actually has the time to analysis each altcoin that comes round? And who has the time to check all of the myriad of yield farming alternatives on the market?
With the Gnox platform, all crypto buyers must do is purchase and maintain GNOX tokens. The remainder is finished on their behalf. The Gnox platform gathers information on scores of DeFi tokens and passive earnings alternatives throughout a number of platforms and blochchains. A crew of crack DeFi analysts then scours the info to discover a good rounded basket of investments.
A typical treasury is allotted to a number of various kinds of passive earnings alternatives equivalent to staking, lending, and liquidity pooling. On the finish of every month, earnings from these investments are used to purchase again and burn GNOX tokens. This reduces the variety of tokens in circulation and raises the value. This buy-back-and-burn mechanism assures that GNOX token has a perpetually deflationary provide.
Moreover, 6% of all aftermarket gross sales of GNOX token is raked into the treasury. Cash can by no means be taken out of the treasury. This assures that cash is perpetually flowing into the treasury in order that it earns more and more bigger returns every month. Additionally, 1% of all gross sales is paid again to GNOX holders as a type of royalty. This assures that the scale of holders’ stacks is perpetually rising. It additionally encourages long-term holding whereas discouraging speculative short-term buying and selling.
You actually can’t make crypto investing any easier than that. The good information is that you just nonetheless have time to get in on the pre-sale of GNOX token earlier than the platform launches in August. Periodic token burns guarantee that early buyers are nicely rewarded upon launch. The truth is GNOX has already gained 63% for the reason that presale began. Furthermore, all unsold tokens will probably be burned earlier than launch assuring a good launch and probably multiplying the worth of the token on Day 1.
You’ll be able to be taught extra about GNOX tokenomics by testing the venture whitepaper on the Gnox.io web site.
Study extra about Gnox and get in on the pre-sale at Gnox.io.
Be part of Presale: https://presale.gnox.io/register
Web site: https://gnox.io