The crypto community has been excited by Bitcoin and Cardano’s uptrend, but Gnox’s project team has taken extra steps to ensure it keeps up with the trend. Her team has added another $50,000 to their treasury as they plan to keep up with Bitcoin and Cardano’s bullish momentum.
The team also believes the additional funds will help its finances deliver on its promises to its investors and stay ahead of the competition.
The Gnox team also announced that they will be holding a community vote on the next round of funding for their treasury. The team has also said they are ready to provide more funding if the community approves the funding request.
What is Gnox (GNOX)?
Gnox includes a tool that aggregates passive income opportunity data across multiple DeFi platforms and blockchains. Each month, a team of analysts examines the data to identify the best low-risk, high-reward opportunities.
Investors fund the Gnox Treasury, which is used to purchase a basket of assets. Once a month, the passive income from these activities is used to buy and burn GNOX tokens from exchanges. This reduces the circulating supply and immediately increases the price of GNOX. More and more GNOX tokens are burned over time every month, progressively reducing the circulating supply.
A 1% royalty on all aftermarket GNOX token sales will also be air-dropped to all GNOX holders – not once a month, but once an hour. Investors can sit back and watch their token supply grow daily.
Bitcoin (BTC) and Cardano (ADA) uptrend
Bitcoin is feeling the heat of recovery again after narrowly breaking its $25,000 resistance level in the past 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily increase. In fact, it also looked like ending the week on a positive note, with weekly gains of over 7.75%.
On the other hand, Cardano’s price analysis is bullish today as the coin broke through $0.55 and climbed to $0.59 in the last 24 hours. ADA price is up more than 13% in the last three days, which indicates an uptrend. ADA’s price against the Bitcoin pair is up 4% to 0.00002373 satoshis over the past 24 hours, and the token is currently following the same trend as BTC.
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: https://www.instagram.com/gnox.io
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