Are DeFi Coins Like Avalanche (AVAX) And Gnox Token (GNOX) A Better Investment In 2022?

Defi

The year 2022 has been hard for investors all over the globe. There is a war on Europe’s doorstep in Ukraine, energy costs continue to rise globally, and central banks are increasing interest rates to attempt to tackle galloping inflation. The NASDAQ has been hit. Tech stocks have been hit hard. The crypto asset class has been hit harder.

Bitcoin traded at close to $50,000 at the start of the year and now trades at around $30,000. Late March offered investors a brief ray of hope as Bitcoin broke out, but it was a false break out, and Bitcoin came crashing back down. Investors finding themselves in a prolonged bear market are looking for opportunities that will net them a hefty capital gain in the next cycle. 

Avalanche (AVAX)

Started in 2020 by Ava Labs the Avalanche network has become a household name in the world of DeFi. AXAX is the native token of the Avalanche blockchain and one of the largest cryptocurrencies by market cap sitting in the top 15. It currently trades just below $24, down from an All-Time High of $146, so just to reclaim its ATH, AVAX would represent a 6X for investors.

Why is AVAX a Good Investment?

AVAX has positioned itself within DeFi and the growth of DeFi translates to the growth and appreciation of AVAX. The Avalanche network is EVM compatible meaning decentralized applications found on the Ethereum network can be ported over, and many have migrated due to the efficiency of the Avalanche network claiming a theoretical TPS of 4500 on its main chain. It has the 4th largest Total Value Locked and is one of the main players in the constantly expanding world of DeFi. AVAX now is at a great price point and investors should take note.

Gnox Token (GNOX)

Gnox is a brand new protocol that offers an easy earning solution to investors new to crypto. Gnox is the first protocol to offer yield farming as a service and will simplify DeFi investment into a single investment vehicle. The protocol is infinitely scalable and can be used by retail and institutional investors.

How Does Gnox Offer Yield Farming as a Service?

Yield farming is one of the most profitable ventures in DeFi, however, it can be confusing. Understanding the right protocols to which one should allocate funds is time-consuming and risky with the ever-increasing number of new DeFi protocols being launched every single day.

Gnox has a treasury funded by buying and sell taxes on every token transaction, and it is the first treasury tailored for the benefit of token holders. This treasury fund will be deployed within DeFi protocols and every 30 days all the generated proceeds will be split in stable coin amongst token holders, proportional to the number of tokens held. 

With bearish market conditions, a protocol that goes ahead with launching must be highly confident in its ability to deliver, and with its growth-orientated focus on generating passive income for token holders, Gnox should be on every investor’s watchlist for 2022. 

Find Out More Here:

Join Presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io

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