BNB, the utility token of the world's largest crypto exchange in the world, has been slowly moving out of the turmoil after the recent crypto crash that wiped off billions from the market. It is currently trading around $304, which is an increase of 50% from levels not seen since January 2021.
The Binance coin has been one of the top-performing cryptos on the market, thanks to a developing ecosystem that lowers the entry barrier for new users. It skyrocketed past Tether (USDT) last year and knocked out major cryptocurrencies like Polkadot, Cardano, and XRP to take the top 5 positions.
According to CoinMarketCap, it currently has a market capitalization of $49.5 billion, and another move to the upside may push BNB beyond Tether. This is very likely, given the turn of events and developments in the pipeline, along with changing market sentiments. Binance has played a pivotal role in driving retail to the world of crypto with its fast and scalable blockchain that opened the door for those seeking cost-effective alternatives to Ethereum.
That being said, an upcoming project built on the Binance Smart Chain has recently garnered a lot of attention among investors. The innovative business minds have come together to develop a community-focused platform where anyone can benefit from various DeFi strategies.
While Binance has done a great job bringing new users to the crypto space, Gnox seeks to do the same in the DeFi sector. It is trying to bridge the gap between DeFi and entry-level investors, who have a limited understanding of the complex mechanism.
For the first time, a reflection project has come up with the concept of "Yield farming as a service" . It implies that the protocol will have its own treasury funds invested in safe liquidity pools, which will accrue rewards over time. A portion of it will come back as a stable coin incentive for those who hold GNOX tokens. It's like serving DeFi passive rewards to your plate without you having to make any moves.
With a vision to make DeFi earning easy for everyone, Gnox also has plans to introduce a DeFi aggregator to facilitate risk assessment, asset management, and ROI tracking. The future roadmap looks great, and a huge presale demand is a testament to its rising popularity. Comprehensive auditing by Soken has further boosted investor confidence, and the token value might see a significant uptick before the contract launch in July.
Join presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.