The dog days of summer are upon us and most crypto investors’ minds are on beaches and mountains and lakes, not buried in crypto exchanges and news sources. So we’ll make this post about building your personal fort GNOX both QUICK and as easy to digest as CAKE. (Sorry for that.)
Here are three DeFi tokens that you might want to drop some money on before you head off on your summer adventure. All three have the potential for some nice price gains plus offering the ability to earn passive income on your assets.
Gnox is the “get it and forget it” cryptocurrency. They offer something called “yield farming as a service.” Yield farming is the practice of staking crypto assets in lending and liquidity pools in exchange for passive income.
Gnox makes investing in crypto super easy. Just buy and hold the GNOX token and you’ll own shares of a diversified portfolio of cryptocurrencies that offer passive income.
While most tokens have complex “tokenomics” that dictate how many tokens are minted, when, and why, GNOX is simple. Once the token goes onto exchanges, no more tokens will ever be minted. In fact, GNOX is deflationary. On a monthly basis, GNOX buys itself off of crypto exchanges and then burns itself. So the supply is eternally shrinking. This also pumps the spot price up.
Moreover, 1% of all GNOX sales is airdropped back to holders once every hour. So you can watch your stack grow taller while you’re sitting on a beach somewhere. No more grinding on DeFi platforms every day.
Both of these features will benefit the earliest adopters of the GNOX token the most, so get in early and get in often. If it’s not sold out already, you can get the GNOX token at a discount before it becomes available on public exchanges by visiting the Gnox.io website. The platform officially launches on August 18th, at which time GNOX goes onto exchanges.
Opportunity GNOX but once.
PancakeSwap is a popular decentralized crypto exchange (DEX). The platform lets users swap cryptocurrencies with other users and it also offers yield farming opportunities. Investors can invest in and stake a variety of cryptocurrencies. In return, they earn a percentage of transaction fees from swaps. Investors who deposit funds into PancakeSwap for liquidity receive various tokens in return. These include CAKE, SYRUP, and FLIP. Crypto traders eat this stuff up. (Sorry again.)
PancakeSwap recently completed yet another token burn. Nearly 7 million tokens worth about $23 million were shoveled into the furnace. The CAKE token has gained about 50% in just the past couple of weeks, sitting now at just under $4.00. Once we find the bottom of this bear market, CAKE has a shot at pulling a 4X return on investment if it can reach its former glory price of $20.60.
QuickSwap is the largest decentralized exchange on Polygon. The DEX recently entered into a cooperative partnership with CelsiusX, the DeFi arm of the Celsius banking and financial services, in an effort to bring more users — and investors — into DeFi.
CelciusX allows for the creation of wrapped versions of popular cryptocurrencies like Cardano (ADA) and Dogecoin (DOGE) for trading on the Polygon (MATIC) network. CelciusX brings to Quickswap well-funded liquidity pools.
QUICK is a highly volatile cryptocurrency. It gained 50% shortly after announcing the partnership with CelsiusX. The price currently stands at around $86. If the token makes it back to its all-time high, it will produce a 1,000% return on investment if you get in QUICK.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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