$50,000 Added to GNOX (GNOX) Treasury to Keep Up with Bitcoin (BTC) and Cardano (ADA) Uptrend
The crypto community has been excited about the Bitcoin and Cardano uptrend, but Gnox’s project team has taken several steps to ensure it keeps up with the trend. Their team has added another $50,000 to their coffers as they plan to keep up with Bitcoin and Cardano bullish momentum.
The team also believes that the added funds will help ensure that the Treasury is able to fulfill its promises to investors and stay ahead of the competition.
The Gnox team has also announced that it will conduct a community vote on the next round of funding for the Treasury. The team has also stated that it is willing to provide more funds if the community approves the funding request.
What is GNOX (GNOX)?
Gnox includes a tool that aggregates data on passive income opportunities 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 fund, which is used to buy a basket of assets. Once a month, 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. 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 sales of GNOX tokens is also sent to all GNOX holders – not once a month, but once an 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 pullback again after breaking the $25k resistance level in the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily gain. In fact, it also seemed 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. ADA price has risen more than 13% in the last three days, indicating a bullish trend. The price of ADA against 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.
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