Gnox (GNOX) Valuation Surges 52% in First Week of Presale, Aave (AAVE) App Comes to Polygon (MATIC) – CryptoMode
Gnox a groundbreaking think tank token saw its valuation jump 52% in its first week of pre-sale. The Gnox project will provide DeFi yield opportunities for everyone. Gnox has a dynamic valuation standard and its value has ballooned thanks to the popularity of pre-sale. It is, by community standard, one of the highest-profile projects of 2022. Scheduled to launch in the second quarter, who knows how much its valuation will skyrocket before the presale ends. Originally, the Gnox token was available at $0.01 per token, but it now stands at $0.0152 per token.
Aave is one of the most popular decentralized lending protocols and it has arrived on the Polygon network. Aave is essentially a liquidity protocol acting as a bridge between lenders and borrowers allowing them to access pools of global liquidity. Aave allows users to collateralize a crypto asset and take out a loan against that asset, the loan-to-value (LTV) ratio varies but is typically around 80%, allowing users to borrow up to $800 against assessed collateral at $1,000.
Aave allows participants to access unrestricted loans. In traditional finance, it is undeniable that the notions of credit have pushed the world into a new era of economic activity, but now banks and other financial institutions operate authorized financial services where the identity of the user is inextricably linked its ability to access services. Aave using blockchain enables permissionless lending to anyone with collateral and an internet connection.
Aave arrives on the Polygon (Matic) network
Matic is the native token of the Polygon network. Polygon is a layer 2 solution designed as a side chain for Ethereum to help the congested network. The arrival of Aave on Polygon is a huge moment for ordinary investors looking to get a loan against their crypto. Transaction fees on the Ethereum network are exorbitant and often slow due to the low TPS (Transactions Per Second) of the network. Users can now use Aave on the Polygon network enabling super-fast transactions costing fractions of a penny. Open the possibilities for users of all capital levels to use Aave.
A brand new protocol bringing sustainable and growth-oriented passive income to its investors. Gnox currently in pre-sale has seen its value soar driven by intense demand thanks to its dynamic valuation system. Through the project’s tokenomics, including a purchase and sale tax, the project will build a treasury that will be used to generate a yield that will be distributed among token holders in proportion to the number of tokens owned. It is a protocol that aims to make DeFi investing accessible to everyone and is the first project to offer DeFi yield farming as a service. Gnox makes DeFi income easy for those new to crypto and is infinitely scalable for regular investors and institutional investors. The presale continues and the valuation of the token continues to rise. More and more investors continue to buy early to secure a better return and thanks to Gnox’s dynamic valuation system, the price continues to climb. From $0.01 to $0.0152 and the number of investors constantly increasing, how far will it go?
Learn more here:
Join the presale: https://presale.gnox.io/register
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