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Did you know that the gaming industry is bigger than the movie and music industries? Combined! Gaming is big. Really big. And that’s reflected in the popularity of make-believe and virtual worlds that are turning to blockchain to create a richer user experience. (The key word being, “richer.”)
Gamer-investors have been making a killing on platforms such as Axie Infinity (AXS) and with NFT projects such as Bored Ape Yacht Club (APE). While these platforms can be a lot of fun, one of the biggest appeals is the ability to earn money while having fun. However, as fun as it might be, learning how to make money on these platforms still takes time. And it takes even more time to not lose money once you know the ropes.
If you really find these platforms to be your happy place, and you’re not one of the many who end up spending far more than they make, then go for it. Both Axie and Bored Apes are expected to produce big gains in the coming years as the bulls come back around.
However, if there are other activities that you find to be even more fun, then perhaps you’ll get more joy out of life and earn more money by doing the things that make you happiest. You can then invest your money wisely into opportunities that offer as much if not more passive income.
The great thing about crypto is that there are far more opportunities to earn money on your money than you can get at a traditional bank. However, yield farming on DeFi platforms can also be time-consuming and risky. Now, a new project called Gnox Token has come up with a way to practically eliminate risk and save investors tons of time while guaranteeing some nice passive income.
How Gnox Token (GNOX) Works
All crypto investors have to do to earn passive income in the crypto market is simply buy and hold GNOX tokens. The Gnox team calls it “yield farming as a service.”
The way Gnox works is a portion of everyone’s investment goes into a treasury that is then reinvested across a diversified portfolio of passive income opportunities across several DeFi platforms and blockchains. These include staking rewards, interest on peer-to-peer loans, and liquidity pooling, among other opportunities.
As the treasury grows bigger and bigger over time, it produces more and more passive income. All profits from these activities are then redistributed to GNOX holders on a monthly basis via a buy-back-and-burn mechanism. This mechanism assures that the token sees eternal deflation in the circulating supply. Moreover, a 1% royalty on all GNOX transactions is redistributed to GNOX holders via airdrop once every hour.
Gnox Token is currently in its ICO phase. The presale is broken up into three monthly phases. At the end of each phase, all unsold tokens from that phase are burned, thus decreasing the supply and increasing the price each time this happens. (Initial investors have already seen a 60% gain in about a month.) Then before launch, all unsold tokens will be burned. This raises the price of the token again before it hits the open market.
Earning income on your crypto couldn’t possibly be easier than simply buying and holding GNOX token. So while APE and AXS might be bullish in the coming years, perhaps there’s something that you would much rather do with your time. If that’s the case, start DCAing into GNOX while you go and have fun elsewhere.
Learn more about Gnox:
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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