Does it make sense to invest in a cryptocurrency before it goes on sale to the general public? Of course, it depends on the asset. However, if you choose wisely picking up tokens on a presale can result in exponential gains in a short period of time.
Here are two examples and then we'll tell you about a new project that's currently in the final phase of its presale and could provide the returns as you read about it.
When Ethereum launched in 2014, the price of ether (ETH) was $1. If you had bought 1,000 ETH during the 2014 presale round you would have paid a thousand dollars. Today, 1,000 ETH is worth $1.5 million. That's a stupid 1500X return on investment. (At the all-time high, they would have been worth $4 million.)
Polygon (MATIC) is a popular layer-2 blockchain that runs on top of Ethereum. During the presale, the MATIC coin was priced at $0.00263. It has returned over 300x since the ICO. By March of 2021, MATIC was selling to the public for just under 30 cents. However, if you bought then, you would still have earned about an 8X return on your investment. An investment of $125,000 would have returned one million dollars in just a few months.
So it looks like the real trick to becoming a millionaire in crypto in a short period of time is to follow all the news about upcoming platforms and presales and then do all your homework to assure that the platform has strong tokenomics, the team is legit and has gone through a XYC, and that the contracts have been audited by a third party. Also, you need to determine if the platform has the potential for mass adoption.
Let's talk about the Gnox Token presale starting with the fact that the above criteria have all already been met.
The important aspect of Gnox — the thing that gives the platform the potential to become the first crypto asset to see mass adoption — is the fact that it makes crypto investing and yield farming (earning passive income) so simple a child could do it. All you have to do is buy and hold the GNOX token to gain exposure to a diversified portfolio of top cryptocurrencies that offer passive income. They call it "yield farming as a service."
Doing all this work on your own would require tons of your time and attention in order to minimize the risk of losing your capital. With GNOX, all of this is done for you by a team of experienced DeFi analysts.
Back to the presale…
The GNOX initial coin offering is broken up into three phases. One-third of the presale supply of the token is for sale in each round. Phase closed on July 12th and Phase 3 is happening now. The presale runs until August 12th. The Gnox platform officially launches less than a week later. Prior to that, all unsold tokens will be burned.
After launch, monthly burns assure an ever-decreasing supply of GNOX tokens. Moreover, hourly airdrops of GNOX tokens to current holders mean that you can literally sit back and watch your stacks grow taller throughout the day.
You can get in on the GNOX presale and learn more about the project at the Gnox.io website.
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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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.