Both the Polkadot (DOT) and Cardano (ADA) blockchains have suffered huge losses this year. Both ADA and DOT fell by more than 80% since their all-time highs in November of 2021. For long-term holders, it hurt. While we’re starting to see a slight bounce over the past few days, investors are still waiting for the air to clear and the dust from the LUNA debacle — which could take months.
While many crypto analysts are suggesting that now may be a good time to start investing in altcoins again, others are speculating that we have not seen the bottom yet and that we are in for a long crypto winter this summer. Huh.
One of the leading experts in global economics is former Goldman Sachs hedge fund manager and investment guru, Raul Pal. Pal recently predicted that rising interest rates are bound to result in a “bad recession”. In a recent Twitter thread, Pal suggested that demand is falling due to “the biggest monetary tightening in history.”
If PAL is right – as it often is – the ADA and DOT are looking at the most damage. However, there is one crypto token that guarantees a positive return on your investment until the middle of summer.
GNOX Produce Makes Farming Easier
Gnox Token (GNOX), which runs on the BNB blockchain, offers what they call “Produce Farming as a Service”. For new crypto investors and those who don’t have time to dabble, yield farming can be risky. Just look at what happened to LUNA investors. This simplified and far less risky strategy for investing in passive income opportunities gives GNOX a strong value proposition.
Gnox is currently in ICO mode. However, those who participate in the pre-sale — which is running until August 12th — can enjoy some sweet early-adopter benefits. This is because a portion of the unsold tokens are burned every month. All remaining unsold tokens are then burned at launch.
This assures that the earlier one adopts GNOX, the higher their stack will be at launch. It also assures a fair launch as no more coins will be issued – ever. In effect, the buy-back-and-burn mechanism ensures that the supply will be deflationary.
The way Gnox works is that a team of experienced DeFi analysts is employed to research the vast opportunities in passive income such as cryptocurrency, lending and liquidity pooling. A diverse basket of options are placed for GNOX holders to vote on which investment is eligible.
Once a month, profits from these investments are distributed back to all holders of GNOX tokens. Plus, 1% royalty on all transactions is returned to GNOX holders every hour. The result is that everyone, regardless of their experience level and time commitment, can earn passive income simply by buying and holding GNOX.
The GNOX Token Presale runs until August 12th, 2022. The platform is scheduled to launch in mid-August, at which time all unsold tokens will have been burned. Buyers can choose to cash out by selling on the open market at that point or they can choose to grow and hold their pile.
While investors in altcoins such as ADA and DOT have no guarantee that they will not continue to lose their investment, GNOX offers an opportunity to make gains in both the short term and the long term.
Gnox. Learn more about,
Join Presale: https://presale.gnox.io/register