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Cryptocurrencies have become significantly popular over the years. There are already over 19,000 cryptocurrencies available in the market, and this number is yet to grow. What is the concept of cryptocurrency? While some see cryptocurrencies as the perfect investment opportunity, Edward Snowden, president of the Freedom of the Press Foundation and renowned whistleblower, believes that cryptocurrencies are more valuable as a payment system than an investment.
However, cryptocurrencies like Gnox Token (GNOX) offer the perfect passive income opportunity while investing in it. This article outlines Edvard Snowden's views on Bitcoin (BTC) and crypto payment systems and how and why GNOX is an exception.
Edward Snowden explained that he discourages people from investing their money in cryptocurrencies, but instead, he supports using crypto as payment systems. Snowden described Bitcoin's public nature as a "core flaw" and said the main reason it could fail is that it is not truly private.
While he said he sees problems with Bitcoin's public ledger, Snowden clarified that he is a big fan of the technology itself and the eternal nature of Bitcoin and cryptocurrencies. Speaking about the current state of internet privacy, Snowden believes that significant progress has been made in encryption systems.
When it comes to payments, however, cryptocurrencies have no competition. Crypto is a revolution that makes any transaction anywhere in the world easy and rapid.
But in terms of investing in crypto, traders are also becoming suspicious: seeing the world's largest cryptocurrency, Bitcoin (BTC), plummet to less than half its all-time high (currently at $21,526/BTC) makes investing in crypto no longer sound like a brilliant idea.
However, some cryptocurrencies are battling this aggressive bearish sentiment. Gnox Token (GNOX) conquered the Internet with its outstanding performance. What is GNOX, and why is it the perfect passive income investment?
The Gnox token is part of the Gnox protocol designed to help investors use DeFi more easily. With its innovative yield farming-as-a-service model, the platform rewards GNOX token holders with passive income flow without any effort from their side.
How does it work? The Gnox protocol is built on the reflection model. It means treasury funds are invested in liquidity pools, and the returns from these investments are shared with GNOX token holders. Simply put, Gnox adds some portion of all $GNOX token sales to the treasury, and investors gain passive income in return.
In addition to sharing passive income, the Gnox platform also rewards long-term holders by redistributing 1% of all GNOX token sales to current holders every hour.
Gnox is currently in its second pre-sale phase, sold at $0.0160/GNOX, with a final release scheduled for August. Gnox already has a rapidly growing community, and ongoing interest in this new token promises further fame.
With continued increment and development despite the current bear market, Gnox has outperformed the world's leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), etc. Its unique passive income opportunities demonstrate that GNOX can be an excellent choice to keep your portfolio green.
The core goal of Bitcoin has always been to make transactions fast, secure, and accessible. Though Bitcoin might still hold a great investment value, newcomer GNOX can become an easier way for it. With its innovative reflection system and passive income opportunity, Gnox is indeed 'going to the moon.'
Join presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
