Binance is one of the largest crypto exchanges on Earth. However, it’s not the only platform that offers DeFi opportunities. There are other centralized and decentralized exchanges that also offer plenty of opportunities to earn passive income on your crypto such as Cronos (CRO) and Uniswap (UNI). Cronos offer interest-bearing accounts while Uniswap offers rewards for providing liquidity.
However, you don’t need to look outside the Binance blockchain to spread your DeFi bets across several blockchains. There’s a token on the Binance Smart Chain that reaches out across several exchanges and blockchains to draw in passive income from a diversified array of passive-income-producing opportunities. It’s called Gnox Token (GNOX).
Gnox offers a drop-dead simple way to earn passive income on your crypto. All you have to do is buy and hold the Gnox token to enjoy ongoing rewards and a growing stack. All of the work is done for you. They call this strategy “yield farming as a service.”
Gnox has developed a proprietary tool that aggregates data on passive income opportunities across a variety of platforms. That data is then screened by a team of experienced DeFi analysts to build a diversified basket of investments. GNOX token holders can then vote on which opportunities are worthy of investment.
Or not. You could just sit back and relax because everyone on the platform shares in the same rewards. Unlike Uniswap and Cronos where it’s everyone for themselves and there are winners and losers, there are no losers on the Gnox platform.
In a sense, the Gnox platform can be thought of as a crowdfunding strategy. Everyone who buys GNOX contributes to a treasury that’s used to invest in the above-said opportunities. The token contract automatically takes a 10% royalty out of all GNOX sales. The majority of those funds go into the treasury and a portion is airdropped back to all GNOX holders.
This royalty is the secret sauce. It accomplishes several things. First, it discourages swing trading and pump and dump schemes and thus reduces volatility. Second, it funds the treasury which produces passive income. Third, it’s another form of passive income for holders that also encourages early adoption and long-term holding. The earlier one buys and the longer one holds the token, the more those rewards accumulate.
Moreover, this creates an environment where the treasury is growing no matter which direction the market is headed. If the market crashes, heavy selling adds more cash to the treasury. And if the market is red hot, heavy buying adds more powder to the keg.
GNOX is currently in presale mode until August 12th. The ICO is happening in threemonth-long phases with a portion of the circulating supply of GNOX available at each stage. Any unsold tokens at the end of the stage are burned before moving on to the next stage. This, too, encourages early adoption as tokens become more valuable at each stage. The platform officially launches in mid-August at which time all unsold ICO tokens will be burned.
You can’t make DeFi investing and passive income much simpler and less risky than this. If you know of another way, please let us know about it, too!
Visit Gnox.io to participate in the GNOX ICO.
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