Sit back and listen to the story of how the downfall of the Terra UST/LUNA stablecoin ecosystem relates to a little-known DeFi utility token under the symbol GNOX.
The most important takeaway from the Terra catastrophe is this:
The Wild West of crypto is a perilous place. One moment you think your stablecoin is a safe shelter. The next moment our safe haven is under attack. That risk, however low, is always there. And you never know when or from where an attack will come. The moral of this story is that putting all your savings in one stablecoin on one platform on one blockchain is a bad idea.
The time-honored solution to this dilemma is good, old-fashioned diversification. That means spreading your money out over several investments in order to avoid even a small risk of losing everything overnight.
Now the problem with diversification is that finding the ideal investment opportunity requires a lot of time to do the research required to find and evaluate all of your options. Most people who want to invest long-term just don’t have that kind of time. So they end up hiring a financial manager to do that for them.
This is where GNOX comes into the story.
GNOX offers a solution to DeFi diversification
GNOX is a DeFi utility token and the native token of the Gnox platform. From the outside, Gnox is simple. You just buy and hold the token. However, under the hood, there’s a lot going on.
First, Gnox employs a team of expert DeFi analysts who have the time (that you probably don’t) required to research all of the available yield-producing opportunities and thoroughly analyze them to find the platforms that offer high returns and low risk. A treasury is funded by raking 6% of all GNOX sales into a pool. The team then invests funds in the treasury into a diversified selection of yield-generating opportunities.
Periodically, profits are taken on the investments. These funds are then used to buy GNOX tokens on the secondary market which are then promptly burned. This buy-back-and-burn mechanism does two things. It keeps the floor price of the token up. And the reduction in supply increases the value of all tokens currently being held.
Furthermore, another one percent of all transactions is distributed amongst all holders proportionally. This “royalty” if you will does two things. First, the plan incentivizes investors to get in on this opportunity early. And second, it incentivizes buying and holding GNOX token long term.
If you’re the early adopter type, you’re in luck. GNOX token is in ICO mode. The presale runs until July 12th. (The supply is limited.) The platform itself is scheduled to launch on July 18th.
The bottom line is that for anyone who wants to invest in crypto long-term, the Gnox platform greatly streamlines and simplifies DeFi investing. At the same time, it spreads the risk across several blockchains, DeFi platforms, and yield-generating opportunities while encouraging early adoption and long-term holding.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
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