Timing is everything. All crypto millionaires were lucky and had impeccable timing. They entered the position early and sold out at the right time. One, if not the most common, way cryptocurrency millionaires are created is through participation in ICOs (initial coin offerings) or presales. Investors enter the project at the grassroots level and watch their investments grow with the project. This article has a crypto protocol currently in its pre-sale that could potentially make millionaires in the same way that MATIC and STX once did.
Gnox is now in its pre-sale phase, with early investors guaranteeing themselves a 10% token bonus at launch. Gnox has made waves in crypto media outlets and within the community. The reason for this according to many analysts is the passive income stream it represents. Planned to launch later this year, investors are curious how far Gnox can grow.
What is Gnox?
The developers of Gnox have pioneered the launch of a new type of DeFi (decentralized finance) earnings, and the Gnoxian ecosystem is built around a hold-to-earn strategy. In order to bring DeFi income to a wider audience, Gnox has transformed a complex process into a single investment vehicle. Gnox’s Tokenomics has a buy and sell tax, and these funds are used to fund a treasury deposit. The Treasury then earns on behalf of investors in the DeFi protocol, and holders receive a stablecoin reflection every month. The proceeds are distributed in proportion to the number of GNOX tokens held.
With only income turning into a stablecoin, Gnox’s Treasury is a capital fund that is set to accrue, and its growth will be correlated with higher payouts. Early investors who have figured out the passive income machine that Gnox will become have already locked in their profits. Gnox has the identity of a protocol that could violently move upwards and perhaps create another class of crypto millionaires.
Polygon launched in 2017 and is the most popular layer to scaling solution built on top of Ethereum. Polygon’s sidechain uses a PoS (Proof of Stake) consensus mechanism and has made many Ethereum Dapps (decentralized applications) accessible to ordinary investors.
Ethereum is hampered by its low throughput, making network transactions slow and incredibly expensive. The Polygon Network solved this problem, adding an incredible amount of value to the DeFi sector, and its price appreciated accordingly. When MATIC started selling, its opening price was $0.00263 and at its peak MATIC traded at $2.92. Early investors made an ROI (return on investment) of over 10,000%.
STX is another token that has made huge gains from its launch. With a pre-sale price of $0.12 and an ATH (all-time high) of $3.61, STX made its early investors very wealthy. Stack is a unique project, piggybacking on Bitcoin’s network and implementing a specific consensus mechanism called Proof of Transfer. Bitcoin builds the stack on the network by adding functionality to the network and taking advantage of its security while introducing smart contract capability.
Learn more here:
Join Presale: https://presale.gnox.io/register
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