In this article, we will describe the mechanism of how $BUSD reflections work. The reflections will be divided into two main revenue streams:

1- Hourly Reflections

The $GNOX tokens can simply be held to automatically receive a proportional share of 10% of every transaction in $BUSD.

Tax Breakdown

1% of every transaction is redistributed to holders in $BUSD, which is automatically paid every 60 Minutes.

1% of every transaction is transferred into a Liquidity Pool for Pancakeswap to create a stable price floor.

6% of every transaction is transferred into the DeFi Treasury. You can view Treasury from here https://bscscan.com/address/0x9847172a995A0906fA638D1A8813a164f320583f

2% of all transactions are dedicated to marketing efforts to create a consistent flow of new users and token price appreciation.

How Does This Work?

When investors buy $GNOX, the contract sells the taxed amount of each purchase and starts the distribution process on all $GNOX holders.

Why Am I Not Getting My Hourly BUSD Reflections?

1- You hold a small amount of $GNOX

2- You may be getting them but you need to add $BUSD/BEP20 to your wallet 0xe9e7cea3dedca5984780bafc599bd69add087d56 to be able to see them

2- Monthly Reflections

The totality of funds accrued in the treasury will be deployed across various DeFi protocols with GNOX token holders being given the opportunity to vote on how the funds are allocated. The revenue generated by the treasury will be converted to stablecoin and then split two ways: 60% will go directly towards the treasury to ensure a larger capital sum with which to generate revenue, and 40% will be distributed to all GNOX holders proportionate to the number of tokens held.

Low Risk

A low-risk option for the treasury would be to engage in DeFi stable coin loaning protocols with large well-trusted protocols such as Aave or Curve Finance. Or to provide stable coin pairs to liquidity pools again on large well trusted protocols. With the risk being low, the reward would also be low, with the APR typically being in the low single digits. This option would represent the safest investment strategy with no real chance of fund loss. However, stable coin payouts to the investors would be low.

Medium Risk

A medium-risk option for the treasury would be to engage in liquidity providing. A good example of a pairing that would satisfy this risk tolerance is CAKE-BNB which currently offers a 30.14% APR. This pairing offers a good middle ground for CAKE the native token of the popular DEX PancakeSwap is a token that is longstanding, and BNB the native token of the Binance Smart Chain is also longstanding. These two tokens also display a correlation that makes them safer than most liquidity-providing pairs. If more people are using BNB it is likely more people are also using CAKE, therefore demand and thus the price of BNB and CAKE are very loosely paired which helps to protect the investor against Impermanent Loss.

In regards to rewards for liquidity providing: a portion of each transaction is distributed to liquidity providers in return for providing liquidity. The central risk involved when providing liquidity is Impermanent Loss. Participants must understand the dangers of proving liquidity and in certain cases, participants providing liquidity can experience losses greater than if they had just held the tokens separately.

High Risk

A high-risk option, it should be noted, is not encouraged during times of intense market volatility and a strong bearish sentiment would be liquidity providing to a lesser-known pair offering a higher APR. The smaller the total liquidity in a pool the higher the returns because the risk the investor takes on is greater. Investors must understand that even if a liquidity pool offers an outrageously high APR, sometimes as high as 1000%, nothing can protect the investor from a decline in the coin’s price. To illustrate, even a 9,500,000% APR is utterly worthless if the token’s price drops by 95%. This has been highlighted by the decline of the high APY DAOs including but not limited to Olympus and Wonderland both down more than 90% from their All-Time Highs with both showing no signs of recovery.

NFT Acquisition

This strategy can be broadly considered high risk and will be done in special circumstances but depending on the acquisition the risk categorization will be subject to change. Within this risk categorization, a medium-risk option for NFT acquisition would be projects similar to Sappy Seals or Cool Cats which already have an established floor price. A high risk would be an unknown NFT project which could appreciate or turn out to be worthless. NFT acquisition will be made in rare circumstances when the opportunity is provided by market conditions.

Greetings Gnoxians! 🍏

It is with great pleasure we announce the successful completion of our tier one smart contract audit with the highly respected, SolidProof. Over the last week, we have been in very close contact with the SolidProof team, optimizing, securing, and further increasing transparency through our smart contract and in turn working diligently to satisfy our investors.

During our time with SolidProof, the team was able to identify what we had done well, what is industry standard, and furthermore, what we could do to improve. Given our high level of respect for the SolidProof team as well as our investors, we took all suggestions and implemented them straight away.

That being said, not all suggestions given to us by SolidProof were of pleasant nature. Their commitment to security within a smart contract, big or small, lead to a few more intensive changes that needed to be implemented in order to have the privilege of wearing their stamp of approval.

When creating our Smart Contract initially, the team worked within a spectrum of trust and transparency that made the Gnox Smart contract slightly complacent to the overwhelming amount of bad actors within the Defi space. For more context and understanding, please allow us to provide an example.

When creating the initial iteration of the Gnox Smart Contract, our lead developer had a function inside the coding that allowed us to adjust the number of fees or taxes associated with the buying and selling of Gnox tokens. Although the mindset behind this was of honest nature, for example, the community voting to increase or decrease taxes going to the treasury, SolidProof also informed us of the malicious nature in which this function could be used.

Trusting our words and trusting the code are two very different things and in light of some of the horrible things that happen in crypto each and every day, we made the decision to move away from relying solely on the trust we have built within our community. Therefore, we removed as many functions within our smart contract as possible that rely on trust or the actions of our lead developers.

One downside to these changes within our smart contract is the change in contract address. Although functionality remains exactly the same in terms of the Gnox ecosystem functions, users will need to update their wallets with the new contract address that has been successfully audited by SolidProof.

Although slightly inconvenient, the benefit to our community outweighs any potential grievances that may come from the re-adding of our token address.

As we continue to press forward, the support from our community has been tremendous, and at times slightly overwhelming. The love and support you guys send us on a daily basis through Telegram, Discord, or even personal messages drive us to create a project that will stand the test of time in all regards. We would also like to give a special thank you to the SolidProof team for their dedication and technical support of the Gnox Protocol.

https://github.com/solidproof/projects/tree/main/GNOX

https://bscscan.com/address/0x132f6f1743e45880aF91D25257e02DB1839bb5Ed#code

https://app.solidproof.io/projects/gnox

Today we would like to address the recent cancellation of our KYC certificate issued to us by the Soken Team. During the early days of Gnox, we quickly identified the need to add multiple layers of security to not only the function but the credibility of our protocol. Early investors will remember how important this was to us and how quickly we moved to establish these levels of security and credibility. And established these we did; within a very short time, Gnox was not only KYC certified but also received a successful audit report from Soken Team.

Fast-forward a few months, and we arrive about two weeks before our launch day. On the 26th of July, we were contacted via Telegram by an unknown individual stating to represent the Soken Team. This person went by the name of “Nick Korn” and stated that our KYC was no longer valid and required an update. Since this is a known scam in the DeFi space, we were hesitant to engage with this individual. After a few days and a bit of research, we learn that “Nick Korn” is, in fact, a member of the Soken Team. Although quite unusual to be reapproached by a KYC company after a successful issuance, we went along with hearing out his requests.

“Nick Korn” proceeded to inform us that within 48hrs, all core team members, as well as all staff members, needed to be KYC certified in order to retain our certificate. This in itself is a difficult task as at the time of writing, Gnox employs upwards of 22 individuals in all different capacities and geographical regions. Some of the individuals we employ are from countries where obtaining all of the required documents needed is a challenge, if not impossible altogether.

Furthermore, this “Revalidation” would also require another financial contribution, which we had already made initially. After some research with other project leaders and developers, we learned that the “Revalidation” technique is a known method used by some KYC companies to obtain a more significant amount of funds from blockchain projects. Although we sincerely hope this is not the case with Soken Team, we currently have no reason to believe otherwise. Although unfortunate, a minor hiccup such as this does not affect the Gnox protocol in any significant or meaningful way and we are pleased to announce a more robust KYC certificate with another provider seen here

As always, Gnox remains committed to providing safety, security, and success for each of our investors and will remain this way indefinitely.

Gnox Team

The Gnox team have already created an innovative new platform that connects multiple blockchains in one single interface, thanks to the Gnox Aggregator. This ease-of-use and simplicity is a feature that the DeFi space has been crying out for and allows easy transactions across multiple chains.

The Gnox aggregator will be key in driving DeFi investment benefits into the mainstream by placing real passive income benefits in the hands of regular investors, thanks to Yield Farming as a Service.

With a treasury of funds that are invested on the behalf of GNOX holders (with proceeds being paid out monthly in the form of real passive income), Gnox has the ability to unlock a higher potential of yields for its users thanks to the integration of multiple blockchains, rather than the over-reliance on Ethereum. While Ethereum is home to a huge number of DeFi applications, it’s also plagued by high network fees — -which can act as a huge barrier to entry for new investors.

With the Gnox aggregator, investments can be diversified into multiple blockchains to help drive passive income potential for its users.

The Gnox Aggregator currently supports transactions across the following blockchains:

Avalanche

The Avalanche blockchain is an extremely fast interface that combines quick confirmation times with large scaling capabilities thanks to its own Consensus Protocol. Touted as the fastest smart contracts system in the blockchain world, Avalanche is already home to a number of innovative projects like Benqi, Avalaunch and Pangolin.

Binance Smart Chain

Binance Smart Chain is one of the largest alternatives to Ethereum, and is the backbone of a number of popular cryptocurrencies and projects. Backed by its own native token, BNB, and an integral part of the wider Binance Exchange ecosystem, Binance Smart Chain is quickly becoming one of the most important chains in the industry. The chain’s token standard, BEP-20, has become a big rival to other token standards and this rise in popularity looks set to continue.

NEAR Protocol

Another new rival to Ethereum that’s been making big strides recently is NEAR Protocol. This Layer-1 blockchain acts as a decentralized platform for developers to create a range of different solutions to help create an open-web orientated smart contract and serverless app ecosystem.

Velas Network

The Velas Network has been built as a user-friendly entry point for users who want simple access to many of the benefits of the DeFi world, including a range of decentralized services. It also has a range of innovative security and scalability features that could make it key in developing the future of the blockchain space.

Fantom

As a smart-contract supporting blockchain, Fantom is a scalable platform that supports a range of different solutions, including the development of a number of innovative projects. Fantom has been growing in popularity recently thanks to successful projects like SpookySwap, and the growth in earning possibilities of the platform’s native coin, FTM.

Cronos

Cronos is the first blockchain to operate between both Ethereum and Cosmos, helping support the creation of a range of solutions like DeFi protocols and NFTs.

Polygon

Polygon acts as a “side-chain” (or layer two) to the Ethereum blockchain. It sits alongside the industry-leader, but provides lower fees and faster transaction speeds. Its currency, MATIC, has been growing in popularity in the altcoin world and the Polygon side-chain is already home to a range of popular projects like JellySwap, Opacity, Impermax and Augur.

Ethereum

Ethereum is already the industry-leader in blockchain technology and home to countless apps and projects. As the backbone of the DeFi world, Ethereum is the most-used chain for the development of a huge range of solutions. While high gas fees and slow transactions have been an issue for Ethereum in the past, these should be solved with ETH 2.0, creating an ecosystem with even more potential.

Aurora

Aurora is another solution that helps bridge the gap between blockchains, by creating a decentralized app platform for the DeFi space with third-generation technology. Aurora helps enable a better performance environment for the execution of smart contracts on the Ethereum blockchain.

With the Gnox Aggregator, investments made by Gnox’s innovative treasury of funds can easily be diversified into a range of profitable projects on all these blockchains. This creates a unique solution for crypto investors who want to benefit from profit-generating opportunities across the crypto world, without having to manage the actual investments themselves. That’s why the Gnox Aggregator is key for the future of real passive income yields, for everyone.

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

The big day has finally arrived, action-packed and ready to bring a level of hype we have yet to experience together. With that being said, let us take a moment to review.

Token Burn

During phase one, Gnox is proud to announce we have sold a total of 49.5 Million tokens thus far and this number keeps going up by the hour. So, what does this mean for holders? It means an ABSOLUTELY MASSIVE BURN OF 2.5 BILLION TOKENS across presale phases one and two respectively.

As phase two begins, we will enter with a price of 0.0160 per Gnox Token, giving our earliest investors a fantastic position moving forward.

Does this mean you are late to the party?

Absolutely not!

At the end of phase two, expect another massive burn of tokens to help move that price up again! Stay tuned for even more news and updates in the coming week in regards to the vesting and burning of the team, marketing, private, etc. tokens as well!

Presale Extension

Over the last few weeks, we have seen quite an increase in attention to the Gnox protocol. Being that we are a project built for our investors in mind and in confluence with our continuing mission to bring Defi to the mainstream, we have made the decision to lengthen the total presale to three phases.

This small extension also provides the team with some much-welcomed time to complete the development and security testing of the Gnoxian DeFi Aggregator which as many of you may already know, is a huge part of the Gnoxian ecosystem. Our new timeline is as follows,

Phase Two: June 12th / July 12th

Phase Three: July 12th / August 12th

With this added time for development and fundraising, we believe very strongly that although investor patience may vary from person to person, the overall and genuine benefit to Gnox holders will be tremendous.

Conclusion

Our token burn and presale extension are both key benefits to all our Gnox holders around the world. By reducing the overall supply of tokens, while also allowing much welcomed time for new investors to onboard, development to progress and even deeper layers of security to be added, The Gnoxian ecosystem will thrive and the amazing community behind it will reap the rewards.

Gnox DeFi Aggregrator

DeFi has grown at an impressive pace since the summer of 2020 when a huge chunk of the financial sector was in a state of chaos. Investors worldwide ventured into this decentralized industry in hopes of high returns, thanks to the concept of Yield Farming.

As the DeFi space continues to develop, it has spread out to different blockchains, each having an ecosystem of isolated protocols. Returns vary greatly across different platforms, and diversification is the key to maximizing returns. However, it is inconvenient and inefficient to track information spread across multiple protocols. That’s where Gnox DeFi aggregator comes into play.

It represents an interoperability protocol that is designed to connect multiple blockchains in one single interface. This facilitates straightforward network transactions from one chain to another.

Let’s take a closer look at some key offerings of the tool.

Multichain functionality

A majority of DeFi applications exist on Ethereum, where high network fee has always been a barrier for entry-level investors. This is why Gnox is integrating other blockchains to unlock the potential for higher yields with minimum transaction cost. The aggregator currently supports the following chains:

· Velas (VLX)

· Binance Smart Chain (BSC)

· Fantom (FTM)

· Avalanche (AVAX)

· Near Protocol (NEAR)

· Cronos (CRO)

· Ethereum (ETH)

Multichain expansion will continue with further developments in the project. This will provide more scalability, usability, and functionality without compromising speed and cost.

Best interest rates

Gnox DeFi aggregator automatically siphons the very best rates from various liquidity pools, lending services, and other yield farming opportunities. Users don’t have to compare the prices on different platforms to get the best deals. All the information will be available in one place, making it convenient for any investor to make an informed trading decision.

Advanced portfolio tracking

Gnox uses custom-built aggregation architecture to display user portfolios across multiple chains. This enables investors to manage their DeFi assets, monitor investments, execute trades, and track returns among all pooled assets across different protocols. It eliminates the need for understanding the technical complexities of blockchain, which can be intimidating for new users.

Risk Indicator

All DeFi investments carry some degree of risk, which is hard to quantify even for risk-tolerant investors. Gnox aggregator displays a risk score for various protocols, forecasted by DeFi experts on the basis of user behavior, volatility, collateral liquidity, smart contract, and protocol parameters. The risk indicator will display a safety score in terms of probability, including:

· 100% — Very safe with negligible chances of loss to investors

· 50% — Medium risk with a chance to lose capital in volatile market conditions

· 25% — High risk with a substantial chance of depositor loss

Treasury asset allocation

Besides providing yield farmers with a tool to manage their DeFi portfolio, Gnox also maintains transparency about treasury assets. A portion of rewards generated from investing these funds in various DeFi protocols is redistributed to GNOX token holders. With the help of this aggregator, users can keep an eye on the current treasury balance and asset allocation in various liquidity pools and lending protocols.

Intuitive user interface

Gnox DeFi aggregator provides all the above features by putting UX/UI at the core of its functionality. It offers an unparalleled user experience by demystifying the complexity involved in using dApps. As a result, it helps new users to navigate the world of DeFi even with limited knowledge of the underlying mechanism.

In a bid to drive greater adoption within the space, Gnox combines the efficiency of centralized strategies with decentralized protocols to develop a tool for better yield optimization and efficiency.

The central belief that underpins the Gnox protocol is giving all investors exposure to DeFi yield opportunities and that is why Gnox will be the first DeFi protocol with a treasury purpose-built to operate for the benefit of token holders. The Gnox tokenomics include a 10% buy and sell tax. Every time Gnox is traded 10% of the funds will be allocated to various purposes.

The full tax breakdown:

1% is redistributed to holders in GNOX tokens paid every 60 minutes

1% is transferred into a liquidity pool on PancakeSwap to create a stable floor price

6% goes to the treasury fund

2% will fund further marketing efforts to ensure a constant influx of new users driving up the token price and increasing the treasury’s capital value

Treasury

The totality of funds accrued in the treasury will be deployed across various DeFi protocols with GNOX token holders being given the opportunity to vote on how the funds are allocated. The revenue generated by the treasury will be converted to stablecoin and then split two ways: 60% will go directly towards the treasury to ensure a larger capital sum with which to generate revenue, and 40% will be distributed to all GNOX holders proportionate to the number of tokens held.

The central goal of the treasury is to accumulate funds. With more funds available in the treasury the revenue it can generate will be greater, and thus the greater the monthly stable coinreflection to all token holders. The principal of the treasury will never be touched only the proceeds each month. This will lead to a constantly expanding treasury. And thus greater payouts for token holders.

Due to the nature of the Gnox treasury and its deployment strategy. The treasury will be more vulnerable to market fluctuations than the individual investor. The entire treasury will be converted from stablecoins into the desired tokens necessary for the chosen yield opportunity and reconverted each month. Whereas the individual investor could hold tokens for a prolonged period, for example, in the situation where the token’s value dipped, the investor could hold until their value climbed again. The Gnox treasury will be deployed in month-long cycles, so a 30% drop in the value of a token during the month, could see the treasury’s value slashed by 30%. Investors will be in control of the treasury’s deployment and thus must make an informed decision each month.

Voting

Token holders will have the power to vote on the deployment strategy of the treasury. Each investor will have a different risk tolerance and different financial vision but in this manner, a democratic vote can be cast. Following the vote, the treasury will be deployed in whichever protocol/ strategy is selected by the holders of Gnox.

DeFi deployment strategies will have various categorizations of risk varying from low risk/ safu all the way to high risk/ degen ape territory.

Low Risk

A low-risk option for the treasury would be to engage in DeFi stable coin loaning protocols with large well-trusted protocols such as Aave or Curve Finance. Or to provide stable coin pairs to liquidity pools again on large well trusted protocols. With the risk being low, the reward would also be low, with the APR typically being in the low single digits. This option would represent the safest investment strategy with no real chance of fund loss. However, stable coin payouts to the investors would be low.

Medium Risk

A medium-risk option for the treasury would be to engage in liquidity providing. A good example of a pairing that would satisfy this risk tolerance is CAKE-BNB which currently offers a 30.14% APR. This pairing offers a good middle ground for CAKE the native token of the popular DEX PancakeSwap is a token that is longstanding, and BNB the native token of the Binance Smart Chain is also longstanding. These two tokens also display a correlation that makes them safer than most liquidity-providing pairs. If more people are using BNB it is likely more people are also using CAKE, therefore demand and thus the price of BNB and CAKE are very loosely paired which helps to protect the investor against Impermanent Loss.

In regards to rewards for liquidity providing: a portion of each transaction is distributed to liquidity providers in return for providing liquidity. The central risk involved when providing liquidity is Impermanent Loss. Participants must understand the dangers of proving liquidity and in certain cases, participants providing liquidity can experience losses greater than if they had just held the tokens separately.

Impermanent Loss

In simple terms, the impermanent loss is what happens when there is a divergence between the price of the coins when initially deposited and when they are withdrawn. Impermanent loss happens regardless of whether the tokens’ prices appreciate or depreciate. What is crucially important is the price ratio at the point of depositing.

As stated earlier the Gnox treasury would be converting all generated revenue each month into stable coins thus the risk of impermanent loss is higher than a solo investor who can continue to hold the paired tokens until they appreciate in price- not that this is guaranteed to happen.

The investor hopes that the transaction fees they receive are greater than the impermanent loss suffered but this is not always the case.

High Risk

A high-risk option, it should be noted is not encouraged during times of intense market volatility and a strong bearish sentiment would be liquidity providing to a lesser-known pair offering a higher APR. The smaller the total liquidity in a pool the higher the returns because the risk the investor takes on is greater. Investors must understand even if a liquidity pool offers an outrageously high APR sometimes as high as 1000%, nothing can protect the investor from a decline in the coins price. To illustrate even a 9,500,000% APR is utterly worthless if the token’s price drops by 95%. This has been highlighted by the decline of the high APY DAOs including but not limited to Olympus and Wonderland both down more than 90% from their All-Time Highs with both showing no signs of recovery.

NFT Acquisition

This strategy can be broadly considered high risk and will be done in special circumstances but depending on the acquisition the risk categorization will be subject to change. Within this risk categorization, a medium-risk option for NFT acquisition would be projects similar to Sappy Seals or Cool Cats which already have an established floor price. A high risk would be an unknown NFT project which could appreciate or turn out to be worthless. NFT acquisition will be made in rare circumstances when the opportunity is provided by market conditions.

The Importance of Gnox Token Holders

Every month the token owners will vote on the deployment strategy of the treasury. The success of the treasury will largely come down to the decisions made by individual investors. As with all things in life, balance is often a good thing, and for the continued success of the protocol, a fine line must be tread between generating sufficient revenue each month and ensuring the safety of the treasury for the revenues of the future. In line with the democratized values of decentralized finance, the investors will shape the future of the protocol.

What is KYC?

In traditional finance, KYC stands for Know Your Customer and is used to comply with financial law. In crypto, KYC holds a bit of a different meaning where it refers to an unbiased third-party validating the identity of project creators.

How Does KYC Benefit Investors?

By investing in a KYC project, individuals can feel confident in their financial decisions knowing that there are team members who can and will be held accountable in the event of a financial crime. For example, suppose this unfortunate circumstance occurs in a KYC project. In that case, the company that has issued the KYC certificate is obligated to share the personal identities and details with the proper authorities and those affected. This creates a layer of assurance for investors and helps weed out any bad actors in this space.

Why Soken DeFi?

An up-and-coming Defi and Web3 security company, Soken takes its business model very seriously when offering compliance measures to potential clients. Soken uses a wide variety of tactics to ensure the legitimacy and credibility of those who hold their certification. Soken also uses a rotating set of compliance criteria that are not shared publicly in order to prevent bad actors from “prepping” to beat the system. For these reasons, Gnox found Soken to be the best choice for our project.

Conclusion

We are pleased to have passed Sokens rigorous KYC process and will continue to put the safety and security of our investors first at all times and with everything we do here at Gnox. Having you with us here today is the greatest honor and we look forward to bringing accessible DeFi to everyone!

KYC certificate issued by Sokan DeFi
https://github.com/sokenteam/KYC-Certificates/blob/main/Gnox%20KYC%20Certificate.pdf

Welcome to another article.

This time we will answer the most frequently asked questions by our community.

Which chain are we on?

$GNOX token is built on BNB chain also known as Binance Smart Chain (BSC).

When does the presale start?

The presale will go through two phases. Phase #1 will start on 12/May/2022 and will end on 12/June/2022, while phase #2 will start on 12/Jun/2022 and will end on 12/Jul/2022.

What is the total amount of tokens available for presale?

2.750b tokens, 1.375b for presale phase #1, and 1.375b for presale phase #2.

What is the presale price for $GNOX token?

In both phases of the presale, the token price will be 0.0152$.

Do I have to make a purchase to be able to use my referral link and earn a bonus?

No, you don’t. You can refer your friends without making a purchase of your own.

What is the referral system everyone is talking about?

The referral system provides users with an extra incentive to share our project with others. You can invite a friend or two and receive a portion of their investment in $GNOX tokens for an extra bonus to your current or newly earned position. Maybe you are an influencer who wants to take your earnings to the next level. Either way, the Gnox Referral Program has something for everyone. Currently, the bonus provided is 10% of the investment in $GNOX tokens from anyone who uses your referral link. The referred individual will also receive an extra 10% of their investment in Gnox tokens. Talk about a win-win situation!

Where do the referral and purchase bonuses come from?

These come from the total supply of $GNOX tokens. No new tokens are ever minted.

Is there a tax on buying and selling after launch?

Yes, there is a 10% tax on buying and selling. You may find the tax breakdown below:

1% of every transaction is redistributed to holders in $GNOX, which is automatically paid every 60 Minutes.

1% of every transaction is transferred into a Liquidity Pool for Pancakeswap to create a stable price floor.

2% of all transactions are dedicated to marketing efforts to create a consistent flow of new users and token price appreciation.

6% of every transaction is transferred into the DeFi Treasury.

When launch?

July 18th, 2022 on Pancakeswap.

What is the launch price for $GNOX token??

This is dynamic and can and will change depending on how many presale tokens are sold in total. For example, if only half of the presale tokens are sold, the starting price will be less than if 100% of the tokens were sold. Any unsold presale tokens will be burned before launch.

In which crypto currency may I participate in the presale rounds?

The presale will run exclusively on the BSC chain, however, contributions can be made with,

May I use a CEX such as Binance, Kraken, Coinbase, Bitfinex etc. to make the purchase of the presale?

Yes, you may. But you will need a hot-wallet like MyEtherWallet, MetaMask, Trust wallet, Mist wallets etc. to receive Gnox tokens. You cannot receive your Gnox tokens to any CEX.

I wanted to purchase $GNOX tokens with 1k BUSD, but I sent a different amount, now what?

In case you send a different amount, the number of $GNOX tokens received will update accordingly.

Why are there no tokens visible in my wallet, although my payment went successfully through?

Tokens will appear in your account after payment is successfully made and approved by our team. Please note that $GNOX tokens will be distributed after the token sales end date.

What is the vesting schedule for presale tokens?

There will be no vesting period, all unlocked at launch day.

What are the hard and soft caps for both presales?

None. The total amount raised will dictate starting liquidity.

How can I ensure my funds are safe?

Gnox has completed the KYC process with Soken.io. You may view our KYC certificate from here, and you may also view the Soken tweet from here. Gnox will also have a smart contract audit performed during presale phase one provided by yet another high-level 3rd party provider. Finally, our DeFi treasury wallet will be a publicly visible Multi-Sig wallet that can be viewed at any time. Our team is highly engaged with the community and is always available to be reached directly if needed.

Thank you for reading, and we will have more FAQ added later on.

See you on the moon!

The GNOX Referral Program is easy and provides users with an extra incentive to share our project with others.

Invite a friend or two and receive a portion of their investment in $GNOX tokens for a bonus to your current or newly earned position. Maybe you are an influencer who wants to take your earnings to the next level; either way, the GNOX Referral Program has something for everyone.

Currently, the bonus provided is 10% of the investment in $GNOX tokens from anyone who uses your referral link. The referred individual will also receive an extra 10% of their investment in $GNOX tokens. Talk about a win-win situation!

What’s a referral link?

Referral link is a link to presale.gnox.io with a special code on the end, making it unique. For example, your referral link may look like this:

https://presale.gnox.io/invite?ref=YOUR_REFERRAL_LINK

How do I earn a referral bonus?

To earn a referral bonus:

1. Go to Referral in your Gnox.io account or visit the ‘My Profile’ on Gnox.io to get your referral link.

2. Copy and share your referral link in an email, text message, or through your favorite messaging app.

3. Your invitee signs up for a Gnox.io account after opening your referral link.

4. Your invitee completes their account set-up and initiates a minimum contribution within the presale phase. You will be able to see his information on your referral page.

Once your invitee completes the minimum buy for your listed offer, you’ll both receive the bonus amount listed when your invitee signs up.

When will I receive my referral bonus?

To receive the referral bonus, keep in mind that:

• Your friend must not have an existing Gnox account.

• Referral bonuses are added on as soon as a contribution has been confirmed; payment confirmations can take one to three business days.

• Buys can take up to four business days to complete. So, it can take some time for payments to go out, and they may not arrive immediately.

Why have I not received my referral bonus?

Here are a few possible reasons why you haven’t received a bonus:

• The invitee must sign up and create a new Gnox account using your unique referral link. Referrals are not captured if the referred person signs up using the Gnox.io app instead of the unique referral link.

• Referral bonuses are only paid if the invitee verifies their account and completes a confirmed buy of the minimum amount or more.

• We do not pay out referral bonuses on duplicate or false accounts; duplicate or shared financials will cause disqualification.

Terms And Conditions

Promoting your referral code through paid advertising based on ‘Gnox’ or Gnox-related keywords is prohibited. This includes, but is not limited to, bidding on or running ads on search-based keywords that include ‘Gnox.io’ or variations thereon.

Using ‘Gnox’-branded terms in your ad copy is not appropriate. Referrers who engage in such activities will have their referral codes deactivated. All referrals resulting from such activities are ineligible for referral payments.

Unfortunately, we can’t guarantee payout on every account you refer due to the limitations mentioned above and the risk of fraud. Still, we make every reasonable effort to do so.

Gnox.io reserves the right to change the terms of the referral program at any time due to changing market conditions, risk of fraud, or other reasons. By participating in the referral program, you acknowledge that receiving payouts is not guaranteed by Gnox.