New DeFi (decentralised finance) protocols often struggle to confirm their legitimacy with investors. With floods of new investors finding these projects through platforms like Telegram and Discord and many not even having published whitepapers, investing in DeFi can be dangerous, and bad actors thrive in the space.
A new addition to the sphere is going against the current. Gnox (GNOX), a new reflection token, has seen a massive surge of interest from Dogecoin (DOGE) and Algorand (ALGO) holders after the public release of its smart contract audit and the team completed a KYC procedure.
Following the release of the smart contract audit completed by SolidProof, a leading german security contract auditor, Gnox has seen tremendous interest from Dogecoin (DOGE) and Algorand (ALGO) investors. By completing its KYC procedure and releasing the audit report, Gnox has solidified its position as a legitimate protocol with a long-term vision.
Leveraging buy and sell taxes to accumulate a treasury fund. Gnox’s treasury is the first that is designed for investors; it does the hard work and earns for them. Gnox makes DeFi earning easy and brings a low-touch solution to this highly profitable nascent sphere. Built to grow, the treasury fund will consistently accumulate funds with any trading of GNOX and thus, over time, increase its earning capacity. Set to deliver increasingly large reflections over time, this is an excellent investment opportunity for long-term investors who want to generate passive income.
Launched in 2013 this original meme coin has inspired hundreds of copycat projects, but none have ever been successful in displacing the original. With an enormous market cap of over ten billion, Dogecoin ranks among the top ten projects and has recently seen a considerable spike in trading volume.
DOGE trades at $0.08, with analysts predicting it could soon target $0.60.
Algorand is a blockchain platform founded by Silvio Micali, who received the Turing Award in 2012 for his contributions to cryptography. Algorand is a third-generation blockchain, being decentralised, scalable, and highly efficient and has been designed with real-world functionality at its core. The Algorand blockchain has attracted partnerships like Fifa and has also been implemented by nations such as the Marshall Islands.
ALGO trades at $0.35 and is part of the infrastructure that will contribute to the future mass adoption of blockchain technology, making it an excellent choice for investors.
KYC and Smart Contract Audits are things every prudent crypto investor wants to see. The publication of both of these is why Gnox has drawn the attention of such diverse investment groups. With the support of Dogecoin traders, and the more long-term Algorand investors, the launch and future prospects of the protocol look fantastic.
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