Many investors forget how early they are, and unfortunately, this idea prevents many would-be investors from crossing the threshold and becoming active participants in crypto. From the humble beginnings of cryptography forums, Bitcoin has risen to become an asset with a total market capitalization of more than $1 trillion at its peak. And following Bitcoin, many projects have been birthed destined to dramatically alter the financial landscape forever.
On January 3rd, 2009, the Genesis Block started the Bitcoin network. This event coincided with the grand announcement that the banks would be bailed out following the 2008 Global Financial Crisis. The first form of electronic payment that allowed the transfer of value between two parties without a trusted intermediary was born. Bitcoin was a revolutionary challenge at the onset; it is the new era of money, designed by the people, for the people.
Bitcoin paved the way for the cryptocurrencies that would follow and eventually lead to the development of DeFi (decentralized finance) with the release of the Ethereum network, the first crypto with smart contract capabilities.
Released in March 2020, the Solana network belongs to the next generation of high-performance blockchains with claims of a theoretical TPS (Transactions Per Second) of 65,000. And it was this network speed that led to a run that was outrageous even by crypto standards for SOL throughout 2021. Starting the year at around $2.50, it reached just shy of $260 at its peak. It fought, earned its reputation as a fearsome layer one protocol, and was famously dubbed ‘The Ethereum Killer.’
The Solana network has suffered lots of downtimes which has scared some investors. However, many continue to invest, waiting for SOL to soar to its old heights again. Currently trading at $30, it promises investors more than an 8X to reclaim its old ATH (All-Time High).
Gnox is a project seeking to change the way people interact with DeFi. Slated to launch on the Binance Smart Chain (BSC), this is a protocol many crypto analysts have deemed ‘bear proof due to its ability to pay out token holders in stablecoin.
Gnox aims to take the overly complicated and time-consuming process of DeFi investment and streamline it into a single investment vehicle. It promises to be the first reflection token of its kind and surely will spawn imitators. Through its treasury fund- funded by buying and selling tax tokenomics- the GNOX holders have been exposed to DeFi yield-generating opportunities and receive a stablecoin reflection every 30 days.
Gnox, currently in its secondary presale phase, has announced that a massive token burn will occur following the closing of each presale phase. This will reduce the supply while demand remains constant, automatically causing the price to move upwards. This protocol has garnered lots of interest from the crypto community, and analysts point to the functionality of the treasury, stating that this attention is well deserved.
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Join Presale: https://presale.gnox.io/register