Will Gnox Token (GNOX) Rise as High as Uniswap (UNI) and Tezos (XTZ)?

Gnox token
Gnox token

Gnox Token (GNOX)

Gnox a brand new protocol currently in its pre-sale phase slated to launch at the end of Q2. This protocol has many investors excited after completing KYC procedure and a full audit of its smart contracts. It appears Gnox is a protocol designed for investors in a sphere currently replete with bad actors. Gnox will be the first protocol to offer yield farming as a service and has a built-in buy and sell tax on its token meaning part of every transaction will be used to accrue funds in a treasury which will then be utilised within DeFi to generate yields for token holders. This yield will be distributed proportionally to token holders based on the number of tokens held and will come in the form of stablecoin. This growth-orientated passive income generator has attracted media attention but more importantly intrigued crypto analysts. Those questioned on the protocol have primarily pointed to the fact the protocol distributes rewards in stablecoin, which paired with current market conditions, makes the token highly appealing. But will the Gnox token be able to reach the heights claimed by other crypto tokens?

Uniswap (UNI) 

UNI is the governance token of the decentralised exchange (DEX) Uniswap. Uniswap is no ordinary DEX, launched in 2018, it really was the DEX that broke through into the mainstream. It utilised automated market makers opening up the possibility for investors to provide liquidity and generate income, whilst also facilitating capital-efficient swaps for investors.

Originally launched on the Ethereum network it is now available on the Polygon network for users who do not want to pay enormous gas fees. Uniswap boasts some of the most impressive trading volumes and one of the greatest airdrops within crypto. The UNI token’s growth is inextricably linked to the popularity of the Uniswap DEX and has seen its value appreciate over time. Currently trading close to $5 down from an All-Time High (ATH) of $45, still holding 34th position ranked by market capitalisation, this is a token on many investor’s buy lists.

Tezos (XTZ)

XTZ or Tez is the native token of the Tezos blockchain and as the network relies on the Proof of Stake (PoS) consensus mechanism offers holders an ability to earn passive income by supporting the network’s security. Currently trading at $2.12 down from an All-Time High (ATH) of $9.12 and ranked 34th by market capitalisation. XTZ is a governance token, and within the Tezos blockchain, this offers more significance than is usually the case. This is due to the fact the Tezos blockchain was designed so that it could upgrade itself without the possibility of a hard fork, and thus token holders are often called to vote on protocol changes. The Tezos blockchain has seen significant success in the NFT sphere being both more environmentally friendly and scalable than the Ethereum network, with its lower transaction fees, it reduced ‘mint’ costs for NFTs and has seen artists and investors migrate to the blockchain.
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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