History shows that in major market corrections such the one we’re riding now, risk-on assets tend to bottom out a full six months before major indecise. This pattern is evident in crypto as altcoins tend to fall farther and faster than Bitcoin and even Ethereum. This might imply that the way to stop the bleeding is look into assets that have been beaten down the most.
Many experts are saying Bitcoin’s bottom might not be in, but several altcoins may be at or very close to the bottom. One of these badly beaten assets is Solana (SOL) which is now down more than 90% from it’s all time high just shy of $260. Now grovelling in the $30 area, it looks like there’s no where to go but up. But it’s anyone’s guess really. Don’t put all your eggs in one basket.
Another strategy during downturns is to focus on passive income opportunities. Two tokens that might be worth looking into are Gnox Token (GNOX) and LEO Token (LEO).
LEO is used to lower taker and lender fees on DeFi platforms. It’s a great token for saving money on trading fees for yield farming. There’s only one problem with this. While LEO is a great tool if you’re an experienced DeFi investor, it does little good for the little guy. Anyone who is new to crypto or who doesn’t have the time to educate themselves on DeFi and then research, choose, and babysit their picks, won’t get it. Literally.
Gnox Token makes DeFi investing as simple as possible
Gnox is a horse of a different color. This project, is coming along at just the right time. With many analysts expecting crypto prices and returns to drag along for the next six months, now is the time to start putting crypto to work generating passive income. And Gnox makes this simple.
Gnox offers what they call “yield farming as a service.” Unlike most DeFi platforms where it’s everyone for themselves, investors don’t need to know a even a thing or two about DeFi investing to be a winner with Gnox. That’s because all they have to do is buy and hold the token. The rest is done by a team of DeFi investing pros. Everyone who holds GNOX shares in the same rewards.
The rewards come from invseting a common treasury into a variety of passive income opportunities such as staking rewards, lending platforms, and liquidity pools. All profits from these activities is distributed amongst holders via both a buy-back-and-burn mechanism and a kickback on all GNOX transactions.
The secret sauce is a 10% royalty on all buying and selling of the GNOX token that’s used to fund the treasury and provice passive income to holders. What this means is that it doesn’t matter which way the market is headed. Whether we’re in a bear market or a bull market or consolidation, the treasury just keeps growing.
The timing of this platform couldn’t be better. Gnox doesn’t launch until mid-August. Meanwhile the ICO is ongoing and ends July 12th. After each stage of the ICO and after it closes, any unsold tokens are burned. Moreover, the burn mechanism assures that this is a deflationary token. That’s something most crypto assets can only dream of.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/registerWebsite: https://gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_ioInstagram: https://www.instagram.com/gnox.io/
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
