The Binance Smart Chain (BSC) is the second-largest ecosystem within DeFi (decentralised finance) measured by TVL (Total Value Locked), which is the dollar figure of the assets currently locked in smart contracts on the network. It features one of crypto’s most popular DEXs (decentralised exchange), PancakeSwap, where investors can make swaps, provide liquidity, and single stake. The DEX offers investors a huge range of yield farming opportunities.
The Binance Smart Chain (BSC) is the second-largest ecosystem within DeFi (decentralised finance) measured by TVL (Total Value Locked), which is the dollar figure of the assets currently locked in smart contracts on the network. It features one of crypto’s most popular DEXs (decentralised exchange), PancakeSwap, where investors can make swaps, provide liquidity, and single stake. The DEX offers investors a huge range of yield farming opportunities.What is Yield Farming? Yield farming in its simplest terms is using crypto to earn more crypto. There are various ways to earn, including liquidity providing, lending, and staking. All these methods allow investors to use their current assets to generate revenue. However, many of these methods are complicated and take a significant time investment on the investor’s behalf. That is why many crypto analysts are excited about a new protocol launching on the BSC set to shake up the way investors earn with DeFi. Gnox (GNOX)Gnox is soon to be the newest participant in the BSC ecosystem. The token is currently in its presale phase, and investors have the opportunity to guarantee a 10% token bonus at launch by investing now. The protocol aims to make DeFi earning easy, and Gnox has grand plans to develop its own Gnoxian ecosystem known as ‘Hold to Earn.’What is Hold to Earn?The developers at Gnox want to bring meaningful DeFi earning to a broader audience. Understanding that currently, DeFi investment is limited to those with time and technical knowledge, Gnox aims to make DeFi investment more equitable for a greater share of market participants. To facilitate this, Gnox has designed a protocol which earns for its investors; all they have to do is hold the token; hence hold to earn. Gnox’s developers have built a treasury that earns on behalf of investors, deployed in DeFi protocols. All the generated yields are reflected in stablecoin to GNOX holders. Gnox TreasuryGnox’s tokenomics include buy and sell taxes of 10% on every token transaction: 6% of this tax goes directly to the treasury fund, meaning that any trading of Gnox is accruing capital in the treasury, and 1% of this tax is automatically distributed in GNOX tokens to all holders every 60 minutes, so every hour that Gnox holders hold they are earning. The treasury generates yield throughout the month in DeFi protocols, and all the proceeds are then swapped and distributed amongst investors. The principal of the treasury is never touched, meaning that the treasury’s capital value will constantly grow, leading to larger stablecoin reflections for investors. It appears Gnox has built a passive income machine with its Hold to Earn strategy. Find Out More Here:Join Presale: https://presale.gnox.io/registerWebsite: https://Gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_io
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