Will Gnox (GNOX) Presale Phase 3 surpass the Ethereum (ETH) ICO of 2014? GNOX Presale Phase 2 Sold Out.
Over the last crypto bull run, DeFi newcomer Gnox saw exponential growth in price. It is not uncommon, though. A slew of DeFi platforms produced massive gains in 2020 and 2021. However, most of them have declined by 80% to 90% or more since hitting their record highs, wiping away all of their gains.
Crypto analysts predict that Gnox will surpass Ethereum's initial coin offering in 2014 due to its robust business plan, which has led to the token's price growth.
The ICO boom for Ethereum
An ICO that took place in 2014 provided Ethereum with its inaugural funding. Ether was given to customers in return for bitcoin, and in the first 12 hours of the sale, more than 7 million ether—worth nearly $2.2 million—was sold.
More than 50 million ether, or roughly $17.3 million, had been bought by the time the sale was over. Controversially, at the time, 9.9% of this ether was given to the Ethereum Foundation, and another 9.9% went to the group that created Ethereum. This feature, which is frequently referred to as a pre-mine, was implemented by several later ICOs.
The Ethereum network and ERC-20 tokens, which are compatible with all Ethereum tokens, have been used in the majority of ICOs. With ETH, many ICO investors purchased tokens that were particular to protocols. This raised the price of ETH, which stimulated the ICO bubble.
Gnox is predicted to perform better than Ethereum's ICO.
Early investors have already profited by more than 63 percent even before the Gnox platform was formally launched.
The token's price is almost certain to increase over the next month because extra gains are virtually factored in. This is because a substantial part of Gnox tokens purchased during the presale is burned on the 12th of every month, every 30 days.
Investors have a strong reason to invest right away. Before the launch, all unsold tokens will be burnt. This ensures a fair launch and unquestionably drives up the token's price one more time before it is made available to the public.
The first reflection token with a DeFi yield farming emphasis is Gnox. The platform's objective is to give investors a means of earning passive income in the DeFi sector. Yield farming is one of the most popular investment possibilities in the cryptocurrency market.
The capacity to produce passive cash flow from crypto assets without having to sell them is one benefit of yield farming. The liquidity pool is a place where traders can invest their funds, with the longer they hold onto their tokens, the greater the returns.