• DOGE and Gnox Token (GNOX) are the most frequently purchased coins by BNB Whales

  • BNB whales have recently become interested in two crypto tokens, one old and one new. The first is the venerable Dogecoin (DOGE). The second is a newcomer: GNOX, a DeFi utility token. Let’s take a look at each of these tokens to see where they came from and where they might be going.

    DOGE (Dogecoin) is a token with a sense of humour.

    Dogecoin has been around for a while. Following a spectacular run last year, the token began to gain traction among crypto whales. Furthermore, the development team has been working to add utility to DOGE, while several consumer platforms, including Tesla and AMC cinemas, have accepted the token as payment for their products and services.

    Tesla has begun accepting DOGE for some of the merchandise sold on its website by the car and solar company. Elon Musk, CEO of Tesla, announced this on Twitter in mid-January. However, you can’t use it to buy a car just yet.

    Dogecoin, which began as a joke cryptocurrency, saw its value skyrocket after Musk expressed interest in the project in 2021. He has since tweeted about DOGE several times and is said to be working with DOGE developers to improve the token’s efficiency.

    DOGE is popular among those with a good sense of humor, according to Musk. Speaking about Dogecoin co-creator Billy Markus, musk said, “Billy’s sense of humor and irreverence is a big part of why people love dogecoin.”

    Many crypto whales believe that DOGE has reached a bottom and that now is a good time to jump on board with a long-term investing strategy.

    Gnox (GNOX) is a unique DeFi utility token.

    Gnox aspires to be a market leader in the Defi sector. The GNOX token, which runs on the Binance Smart Chain (BSC), is a “reflection token.” This term refers to crypto-assets that reward holders by airdropping the token into the wallets of current holders without any effort on their part.

    In the case of GNOX, a team of expert DeFi analysts invests funds in the Gnox treasury into reputable liquidity pools, staking platforms, and peer-to-peer lending protocols to earn interest, providing the token with an inherent upside bias. Profits from these activities are then distributed proportionally to GNOX shareholders. According to the website, “Gnox strategies have been tried, tested, and used daily by our DeFi experts.”

    The platform’s mission is to make DeFi investing much easier. To earn a positive return on investment, GNOX investors only need to buy and hold the token. Unlike some DeFi platforms where a few users make money while the rest lose money, all GNOX token holders share the same rewards.

    The Gnox contract was created specifically to benefit early adopters. Every 60 minutes, 1% of the total amount is redistributed among current holders with each GNOX transaction.

    Given that the treasury will be invested in DeFi opportunities rather than volatile investments, it’s difficult to see how this token’s value could ever fall without the platform failing completely — which seems unlikely.

    The GNOX token is currently available for pre-sale until July 12th, with the platform launching on July 18th.

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