The recent presale sell-out of GNOX tokens is rumored to have been caused by whales from Ethereum and Solana. Gnox’s project team had initially set a hard cap for the token sale, but due to overwhelming demand, they increased the cap. However, even this wasn’t enough as the sale sold out within a few hours.
There is speculation that the Ethereum and Solana whales were behind the demand. Gnox’s team has not released an official statement on the matter, but they are said to be “extremely happy” with the outcome of the sale.
GNOX is a utility token that will be used to access the GNOX platform, which is a decentralized finance platform on the Binance Smart Chain. The platform is currently in development and is scheduled to launch on August 18, 2022.
What is Gnox (GNOX)?
Gnox is a new cryptocurrency player who is shaking things up. This revolutionary platform provides the industry with a new level of utility and transparency.
The project is on a mission to make yield farming rewards available to all levels of investors. By removing the difficulties of DeFi for its token owners, the protocol sets a new standard in tokenomics. The treasury is intended to collect money and distribute it to various liquidity pools and lending procedures. Following that, DeFi investments provide incentives to the community.
Thanks to the multichain expansion and aggregator tools that are currently being developed, Gnox will become a one-stop platform for prospective investors looking to take advantage of DeFi.
DeFi experts have extensively tested the Gnox mechanism, and the lucrative incentives on offer have enticed long-term investors. The presale has received a lot of attention, with several media outlets covering it.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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