Max Keiser: There’re A Few Fatal Flaws In Sen Lummis’ Crypto Bill. Gnox (GNOX) Aims To Redefine The DeFi Space Along With PancakeSwap (CAKE)

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Lack of reg­u­la­tion and uncer­tain­ty have been the most sig­nif­i­cant issues that cryp­to investors have faced for years. Thou­sands of fraud cryp­tocur­ren­cy exchanges scam begin­ners, mak­ing cryp­to trad­ing an unre­li­able invest­ment choice. This also affects mar­ket trends and influ­ences the prices of cryp­tos like Bit­coin (BTC), Ethereum (ETH), Car­dano (ADA), Solana (SOL), etc. So, after years of lack of reg­u­la­to­ry trans­paren­cy, U.S. author­i­ties have final­ly received a bill aimed at clar­i­fy­ing how local reg­u­la­tors mon­i­tor the cryp­tocur­ren­cy industry.

Sen Lum­mis’ cryp­to bill aims to clas­si­fy most dig­i­tal assets as com­modi­ties. Lum­mis believes this law will bring pos­i­tive changes to the mar­ket. While the pro­pos­al has the sup­port of most cryp­to advo­cates, Max Keiz­er, a promi­nent Bit­coin pro­po­nent, argued that only BTC is a ful­ly decen­tral­ized dig­i­tal asset, and only BTC should be con­sid­ered a commodity.

It is still uncer­tain how these changes will affect the cryp­to indus­try, but as we can see from the sta­tis­tics, cryp­tocur­ren­cies have declined. Even the strongest Bit­coin is hov­er­ing between $22,000 and $25,000 — an unprece­dent­ed phe­nom­e­non that still shocks investors.

Mean­while, Gnox Token (GNOX) and Pan­cakeSwap (CAKE) – two DeFi solu­tions offer­ing yield farm­ing oppor­tu­ni­ties – are suc­cess­ful­ly going for­ward. Dur­ing this uncer­tain­ty and doubts about the decen­tral­ized world, GNOX aims to rede­fine the DeFi space along with CAKE.

Gnox (GNOX)

GNOX is a rev­o­lu­tion­ary token that has hit the head­lines and attract­ed world­wide atten­tion. The Gnox cryp­to project offers a new approach to DeFi income by offer­ing “yield farm­ing as a ser­vice” to investors. Bring­ing sim­ple solu­tions to com­plex DeFi, GNOX is new hope for novice and sea­soned investors alike.

How Is DeFi Easier With GNOX?

Gnox’s new rev­o­lu­tion­ary plat­form allows peo­ple to earn con­tin­u­ous pas­sive income with­out doing their own analy­sis and eval­u­a­tion. Instead, Gnox’s Vault fea­ture does it for them. Any­one can eas­i­ly buy and hold GNOX to receive con­sis­tent pas­sive rewards dis­trib­uted by the pro­to­col with­out hav­ing to set up a wal­let or del­e­gate hold­ings to validators.

The Gnox­i­an ecosys­tem oper­ates on a reflex mod­el, where trea­sury funds are invest­ed in liq­uid­i­ty pools, and the returns from these invest­ments are shared with GNOX token holders.

While investors are strug­gling with the cur­rent cryp­to mar­ket crash, the way GNOX allows traders to gen­er­ate pas­sive income eas­i­ly is a major benefit.

PancakeSwap (CAKE)

Pan­cakeSwap is one of the most pop­u­lar decen­tral­ized exchanges in the DeFi space, pow­ered by Binance Smart Chain (BSC), offer­ing some of the best yield farm­ing oppor­tu­ni­ties. What’s so great about Pan­cakeSwap? PancakeSwap’s liq­uid­i­ty comes from farm­ers who stake tokens in exchange for reduced trans­ac­tion fees for the spe­cif­ic pools they pro­vide liq­uid­i­ty to.

Every time some­one trades on Pan­cakeSwap, traders pay a 0.2% com­mis­sion, of which 0.17% is added to the liq­uid­i­ty pool for the swap pair they trade.

PancakeSwap’s gov­er­nance token is called CAKE. Investors can earn CAKEs by stak­ing liq­uid­i­ty pool (LP) tokens on mul­ti­ple farms on the platform.

Conclusion

While Max Keis­er and oth­er cryp­to ana­lysts con­tin­ue dis­cussing the out­comes of Sen Lum­mis’ cryp­to bill, the new­com­er GNOX token is ‘going to the moon.’ GNOX’s reflec­tive nature advances the token above CAKE. Gnox is believed to become the first mar­ket-lead­ing reflec­tion token with attrac­tive mechan­ics and a strong com­mu­ni­ty. Frus­trat­ed investors are flee­ing to Gnox for its sim­pler DeFi pro­to­col, guar­an­teed pas­sive income, and bull­ish per­for­mance amid bru­tal bear mar­ket sentiment.

To learn more about GNOX:

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



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