Globally markets are reeling, central banks are raising interest rates to try and tackle rising inflation, geopolitical uncertainty clutches the world with the war on Europe’s doorstep, and the high spending during the COVID pandemic comes back to bite governments all over the globe. For the NASDAQ and the S&P 500, Q2 has been rough so far.
For Bitcoin and the crypto asset class as a whole things have been even worse. Considered risky assets cryptocurrencies have seen many investors dump onto the market either looking to lock in gains or avoid incurring further losses. However, within the world of crypto, there are still plenty of possibilities to generate passive income during this bearish market.
Gnox (GNOX)
Gnox is the first protocol to offer yield farming as a service. Currently, in its pre-sale phase, slated for launch at the end of Q2 2022, many investors are looking to the project to generate passive income. Gnox is unique in the fact that it is the first protocol with a treasury designed for the investor. By holding Gnox tokens the investor is automatically exposed to DeFi yield opportunities.
The treasury is funded via a buy and sell tax and is then deployed within DeFi. Every month the generated yields are split amongst Gnox token holders proportionate to the number of tokens owned. These reflections come in the form of stablecoin, and with the principal of the treasury never being touched, only the proceeds, the Gnox protocol has been hard-built to favour long term investors looking to generate increased flows of passive income over time. Analysts have hailed this as the primary reason for the amount of media attention and interest from the crypto community the project has garnered, with stablecoins being highly desirable during extended periods of downwards movement.
Cardano (ADA)
ADA is the native token of the Cardano network. Developed by Charles Huskinson and launched in 2017, the Cardano blockchain differs from most of its counterpart layer 1 protocols. Famously designed with a highly logical framework, Cardano has been developed slowly with an incredibly scientific and mathematical approach. Compared to its other Layer 1 partners who scrambled to launch quickly, and rectified any errors when they arose.
Cardano focuses centrally on scalability and sustainability. Due to its focus on sustainability, the network utilises a Proof of Stake (PoS) consensus mechanism. This gives investors a chance to earn passive income and contribute to the blockchain’s security. Investors can either create their own stake pool or delegate their ADA to a stake pool run by someone else. For validating the network, users receive rewards which come in the form of ADA. Staking the native token for a blockchain that the investor sees as a long term investment is one of the best passive income strategies available to crypto investors.
Find Out More Here:
Join 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
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
