Success in the crypto ecosystem does not go unnoticed. Gnox (GNOX), a new reflection token launching this week, has attracted the attention and capital of Binance Coin (BNB) and Uniswap (UNI) investors. The support of these two groups, which are highly active within DeFi (decentralised finance), is another bullish signal that Gnox will launch incredibly.
A sold-out ICO (Initial Coin Offering) is a great indicator, but the fact Gnox is being targeted by these investors specifically is massively bullish.
Gnox launches on the BSC (Binance Smart Chain) in a few days and revolutionises the process of earning yields within DeFi. The developers at Gnox have created a token that makes DeFi earning easy. By implementing buy and sell taxes to build a treasury fund, GNOX has become a single investment vehicle for DeFi exposure. The treasury earns for investors, and all holders receive a monthly stablecoin reflection.
This low-touch solution means investors only need to hold GNOX to benefit from DeFi’s massive growth. Gnox brings much-needed simplicity and allows everyone to earn within DeFi.
Binance Coin (BNB)
BNB is the entrance crypto for investors curious about DeFi. As well as being the utility token of Binance, BNB is used to pay all gas fees on the BSC, the most affordable ecosystem within DeFi. Home to PancakeSwap, BNB allows investors to start their DeFi journey, and begin generating yields.
BNB trades at above $300 and has just closed above its 100-week Moving Average, indicating that it will continue to rise in the coming weeks.
Uniswap is the number one DEX (decentralised exchange) within the Ethereum ecosystem and de facto DeFi as a whole. UNI is the governance token and the rewards token for providing liquidity on the platform. Uniswap has more than $6 billion in its smart contracts currently, and this amount is up nearly 10% in the last month.
Why is this Bullish?
Support from Binance Coin (BNB) and Uniswap (UNI) investors- two groups highly active within DeFi- means that the demand for a low-touch solution for DeFi earning is popular amongst even seasoned DeFi investors. Gnox is allowing ordinary crypto investors access to the lucrative sphere but also offering DeFi enthusiasts a more straightforward option where they can take a more hands-off approach to generating yield. If these groups are bullish on Gnox, the long-term horizons are excellent.
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