Gnox (GNOX) Presale Nearing the End
Gnox is a new DeFi platform launching on August 18th. The GNOX token is currently in presale mode for just another couple of weeks (if it hasn’t already sold out).
Gnox offers users a simple way to invest in a diversified portfolio of cryptocurrencies and earn passive income on staking. All crypto investors have to do is buy and hold the token to participate. Gnox calls it “yield farming as a service.
What’s so special about Gnox? For one, the token is deflationary. Monthly burns will continually reduce the supply of GNOX and boost its spot price. Also, a 1% royalty on all aftermarket sales of GNOX is airdropped back to holders hourly. That means you can sit back and watch your stack grow throughout the day.
GNOX is a treasury-backed token. Each time someone exits their GNOX position, they leave behind their portion of the treasury (10% of the sale price). This discourages day-trading and encourages long-term holding.
The presale has been wildly successful and we wouldn’t be surprised if it sells out before the end date of August 12th. However, if it does not, all unsold tokens will be burned. This will raise the price of GNOX prior to going on exchanges.
The fact that Gnox makes crypto investing so easy — in fact, about as easy as it gets — means it could be the first DeFi token to see mass adoption. If that happens, it will provide life-changing wealth for early investors.
You can get involved in the private presale at Gnox.io.
SushiSwap (SUSHI) Deployed on Kava (KAVA)
Kava is a decentralized finance (DeFi) platform that focuses on passive income opportunities including peer-to-peer lending, liquidity pools, and staking. Kava’s developer-optimized co-chain architecture offers the security of Ethereum and the scalability and low transaction fees of Cosmos.
Kava recently shared the news that SushiSwap, a popular DEX, is now part of the Kava Network and has set aside $14 million worth of SUSHI and KAVA to reward new users for joining the platform, plus a staggering $750 million to help Sushi developers build applications for the network.
In a preview of what’s to come, KAVA went on a 140% run back in May. Since then it has been floundering like most other altcoins. However, it has retested a rising support level three times now. If three is a charm, then KAVA could easily return to April highs posting a 200% increase. And if it can get past its autumn high before the year is out, we’re looking at 4X from today’s price of $1.88.
Uniswap (UNI) Catches Fire
Uniswap [UNI] is one of the oldest and largest decentralized exchanges and the uncontested dominant DEX in the Ethereum ecosystem. The platform has by far the most users among Ethereum DEXs.
Uniswap is growing quickly and has expanded to additional L2s and EVM L1s. The platform recently grabbed a 30% market share after just one week on Polygon. If the Uniswap community votes to activate protocol fees, UNI will likely see a surge in demand in the coming months — especially if it coincides with a new uptrend in crypto markets.
UNI is currently on fire. The price has risen 180% in a couple of weeks to $8.75 at the time of writing. If UNI can surpass its May 2021 all-time high, then it will return about 400%.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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