The crypto community has been excited by the Bitcoin and Cardano uptrend, but Gnox’s project team has taken additional steps to ensure that it keeps up with the trend. Their team has added an additional $50,000 to its treasury as it plans to keep up with the Bitcoin and Cardano bullish momentum.
The team also believes that the added funds will help to ensure that its treasury is able to meet its promises to its investors and stay ahead of the competition.
The Gnox team has also announced that it will be conducting a community vote on the next round of funding for its treasury. The team has also stated that it is willing to provide more funding if the community approves the funding request.
What is Gnox (GNOX)?
Gnox includes a tool that aggregates data on passive income opportunities across several DeFi platforms and blockchains. Every 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, passive income from these activities is used to purchase and burn GNOX tokens from exchanges. This reduces the circulating supply and immediately raises the price of GNOX. Every month in perpetuity, more and more GNOX tokens are burned, reducing the circulating supply at an increasing rate.
A 1% royalty on all aftermarket GNOX token sales is also airdropped to all GNOX holders — not once a month, but once every hour. Investors can sit back and watch the supply of their tokens grow on a daily basis.
Bitcoin (BTC) And Cardano (ADA) Uptrend
Bitcoin is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note, with weekly gains of over 7.75%.
On the other hand, Cardano’s price analysis is bullish today, with the coin breaking through the $0.55 barrier and rising to $0.59 in the last 24 hours. The ADA price has risen more than 13% in the last three days, indicating a bullish trend. The price of ADA against the Bitcoin pair has increased by 4% in the last 24 hours to 0.00002373 Satoshis, and the token is currently following the same trend as BTC.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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