Presales of a cryptocurrency are similar to crowd-funding events in that they enable project developers to obtain funds to carry the project through without causing a precipitous drop in the price of the token being sold. They also make it possible to raise early capital, which may be put toward paying for advertising or any number of other expenses.
Both Filecoin and Ethereum have enjoyed tremendous success during their respective presales, which has helped them along their path to becoming established cryptocurrencies. According to the data provided by CoinMarketCap, Ethereum is now the world's second-largest cryptocurrency, with a market value of over $215 billion. Filecoin came in third place.
Investors who participated in Gnox's presale are optimistic that the company will be able to follow in the footsteps of the cryptocurrencies discussed above and even outperform them. One may make the case that Gnox is more useful in a variety of contexts than FIL is.
Why Should You Consider Purchasing Gnox Token (GNOX), a Cryptocurrency?
Built on the Binance Smart Chain, Gnox was designed to bridge the gap between the worlds of cryptocurrencies and fiat currencies while simultaneously demonstrating to regular consumers the benefits and ease of use of its underlying protocol.
Investors don't have to stress about making the right choice when they use Gnox to manage their investments. When you make deposits of treasury funds into liquidity pools and lending protocols, the protocol will handle this for you automatically.
Every person who has a token will instantly have a portion of the benefits deposited into their wallets, and they won't have to do anything more to make this happen. The value of the token will remain stable so long as there is consistent demand for it within an ecosystem that is centered on the community.
Gnox is one of the few cryptocurrency projects available today that places the provision of a genuine utility for generating passive income at the very top of its list of priorities.
Cryptocurrency aficionados have the opportunity to believe in Gnox from the very beginning by investing in its presale before the official debut of the cryptocurrency, which is scheduled for July of this year.
They are well on their way to achieving greatness as a direct result of the tremendous success of the Ethereum (ETH) presale.
Ethereum has a long history of being one of the most significant cryptocurrencies in the business. In terms of market value, Ethereum is now ranked second, behind only Bitcoin.
The presale of Ethereum, which started in July 2014 and lasted for less than a day, was a major success. The network was able to raise $2.3 million, which is equivalent to 7.4 million ETH.
The presale played an essential role in Ethereum's meteoric ascent to fame as a blockchain powerhouse in the cryptocurrency industry. At the time of this writing, the price of ETH is $1,798.40, having reached an all-time high of almost $8,000 earlier today. In terms of total market valuation, it was the second-biggest token after Bitcoin. The largest was bitcoin.
A new high point was reached in the presale of Filecoin (FIL).
Filecoin is the cryptocurrency that has the record for the largest presale in the history of cryptocurrencies.
Filecoin raised a total of $52 million during the initial round of its presale in 2017, and the peer-to-peer network raised an amazing $205 million during its initial coin offering (ICO).
During this period, the value of FIL surged by 350 percent, which caused the price of the coin to rise from $1 to $5 in just a few short months.
Filecoin is currently ranked 38th on the list of the most valuable cryptocurrencies in the world by CoinMarketCap and has a market cap of over $2 billion.
The price of FIL was calculated to be $7.31 at the time of this writing.
Discover more about Gnox by reading:
Join Presale: https://presale.gnox.io/register
Twitter: https://twitter.com/gnox io