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Gnox (GNOX) soars 52% during week one, PrimeXBT adds Binance (BNB) chain support

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Gnox (GNOX) soars 52% during week one, PrimeXBT adds Binance (BNB) chain support

Despite the turbulent market conditions and the crypto prices biting the dust, developments and innovations in the blockchain space continue to rise. Crypto winter is often the best time for finding new approaches to existing problems and building a decentralized solution to benefit the community.

That being said, Gnox is one such platform in the making that has garnered a lot of attention among private and institutional investors. Within a week of its Presale, the token price has skyrocketed by 52% and shows no signs of slowing down.

Gnox is a non-custodial, decentralized platform with a vision to make DeFi earning simple and frictionless for new investors. It is the first reflection project in the world that aims to utilize treasury funds and earn DeFi rewards on behalf of its user. This unique concept is aimed at providing yield farming as a service to those who struggle to understand or take advantage of DeFi strategies. Users just have to buy and hold the native token in their wallets to earn interest.

As per the whitepaper, a 10% buy/sell tax will also be applied on each transaction, out of which 1% will be credited to GNOX token holders. The contract was recently audited by a leading blockchain security company, which adds further to the authenticity of the project. Smart investors are of the opinion that this upward trajectory may continue even after the proposed launch in July.

PrimeXBT enables BNB chain support

PrimeXBT, an advanced trading and charting platform, has added BNB chain support for USDC (USD coin), USDT (Tether), and COV (Covesting). Users will now have an option to deposit BEP-20 versions of these tokens, thus giving them the flexibility to use a chain other than ERC-20.

The platform continues to expand its product lineup, and the addition of BNB chain support is a great move to enhance customer experience. Transactions on the Binance blockchain are only a fraction of the cost compared to the high gas fee involved in the ERC-20 protocol. This comes as a relief to users looking for reduced costs and higher profits from trading.

The team is vocal about regularly listening to client feedback and bringing convenience to the platform by staying at the forefront of innovation.

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Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice  

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Piere Stevenson

Crypto Daily

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