With No Token Dilution, Gnox (GNOX) Could Be Bear Market Proof Unlike Ethereum (ETH) and Polkadot (DOT)
Photo: Gnox
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Many other cryptocurrencies like ETH and DOT still have a lot of supply left to enter the market. That means more coins will become available over time, which could dilute their current price. When looking at a cryptocurrency, understanding what total market cap dilution can mean for the price of a coin is important. And those with a lot of supply still held back can either go down in price, or not rise as much, when more coins enter the market (through mining or other protocols like staking).
But there’s one important point to remember about Gnox, the new crypto that’s got everyone talking. It’s already fully diluted, meaning there aren’t any other coins held back that are yet to enter the market. No complicated calculations or predictions need to be made when evaluating its current price compared to a fully-diluted market cap. And even more interestingly, GNOX has recently been carrying out a number of token burns to help limit supply. With more token burns planned, supply could drop even more – giving huge potential to current GNOX holders.
Why Is Everyone Talking About Gnox?
Gnox has become extremely popular in the crypto world in just a few short weeks. Built as the perfect solution to introduce those previously reluctant to enter the DeFi space with real passive income thanks to Yield Farming as a Service (YFAAS). With Yield Farming as a Service, Gnox users get an extremely simple way to earn passive income from their crypto holdings, without having to understand or manage sometimes-complicated procedures many other DeFi investment strategies require. Thanks to a treasury of funds, built via a sales tax, investments are made for GNOX holders in a range of different crypto investments.
The proceeds from these investments are then paid out to holders in the form of real passive income every month. GNOX holders will get a say on how much risk they want these investments to be liable to—but apart from that, it’s completely passive, unlike many other DeFi investment strategies.
And it’s this ease-of-use and simplicity that make GNOX so appealing. It could be key in giving more regular investors the benefits of DeFi investments as the crypto space moves further into the mainstream. With GNOX still available at a discount during pre-sale, prices have already surged a huge amount in the last few weeks. Now could still be the time to buy.
What About Ethereum and Polkadot?
Ethereum and Polkadot have both had a tough month or so, unlike GNOX. But they have also shown some consolidating strength despite these losses, and perhaps the future is now looking a little brighter. However, neither of these cryptos are fully diluted yet. So there will be more supply entering the market at a regular rate. Unlike GNOX, which is continuing to limit supply.
Conclusion
GNOX presents the perfect opportunity for those who want both short-term price gains and long-term passive income benefits. It’s also already completely diluted, making it an even more scarce commodity as more and more people invest in GNOX.
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