Comprehensive Look at August’s Top Crypto Hits: Gnox (GNOX), PancakeSwap (CAKE) and Quick Swap (QUICK)
The dog days of summer are upon us, and most crypto investors’ minds are on beaches and mountains and lakes, not buried in crypto exchanges and news sources. So we want to make this post about building your personal fort GNOX both FAST and as easy to digest as CAKE. (Sorry about that.)
Here are three DeFi tokens you might want to put some cash into before you go on your summer adventure. All three have the potential for some nice price gains plus the opportunity to earn passive income from your assets.
Gnox (GNOX)
Gnox is the “get it and forget it” cryptocurrency. They offer something called “yield farming as a service.” Yield farming is the practice of investing crypto assets in lending and liquidity pools in exchange for passive income.
Gnox makes investing in crypto super easy. Simply buy and hold the GNOX token and you will own shares in a diversified portfolio of cryptocurrencies that offer passive income.
While most tokens have complex “tokenomics” that dictate how many tokens are minted, when and why, GNOX is simple. Once the token goes public, no more tokens will ever be minted. In fact, GNOX is deflationary. On a monthly basis, GNOX buys from crypto exchanges and burns itself. So the supply shrinks forever. This also pumps up the spot price.
Additionally, 1% of all GNOX sales are sent back to holders once an hour. So you can watch your stack grow taller while sitting on a beach somewhere. No more grinding on DeFi platforms every day.
Both of these features will benefit the earliest adopters of the GNOX token, so get in early and get in often. If it is not already sold out, you can get the GNOX token at a discount before it becomes available on public exchanges by visiting the Gnox.io website. The platform will be officially launched on August 18, when GNOX will enter stock exchanges.
Option GNOX but once.
PancakeSwap (CAKE)
PancakeSwap is a popular decentralized crypto exchange (DEX). The platform allows users to exchange cryptocurrencies with other users and it also offers yield farming opportunities. Investors can invest in and bet on a variety of cryptocurrencies. In return, they earn a percentage of the transaction fees from swaps. Investors who deposit funds into PancakeSwap for liquidity receive various tokens in return. These include CAKE, SYRUP and FLIP. Crypto traders eat this up. (Sorry again.)
PancakeSwap recently completed another token burn. Nearly 7 million tokens worth around $23 million were pushed into the furnace. The CAKE token has increased by about 50% in just the last couple of weeks and is now sitting at just under $4.00. Once we’ve found the bottom of this bear market, CAKE has a chance to achieve a 4X return on investment if it can reach its previous shine price of $20.60.
QuickSwap (QUICK)
QuickSwap is the largest decentralized exchange on Polygon. DEX recently partnered with CelsiusX, the DeFi arm of Celsius banking and financial services, in an effort to bring more users – and investors – into DeFi.
CelciusX enables the creation of wrapped versions of popular cryptocurrencies such as Cardano (ADA) and Dogecoin (DOGE) for trading on the Polygon network (MATIC). CelciusX brings to Quickswap well-funded liquidity pools.
QUICK is a highly volatile cryptocurrency. It gained 50% shortly after announcing its partnership with CelsiusX. The price is currently around $86. If the token makes it back to the all-time high, it will give a 1000% return on investment if you get there quickly.
Learn more about Gnox:
Join the 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:
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