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Bear Market Passive Income Kings: Gnox (GNOX), STEPN (GMT), and Aave (AAVE)

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The current bear market is no joke for investors. Market-leading cryptos like BTC and ETH struggle to maintain a stable price and keep downtrends. However, the crypto spring is yet to come, and the market will recover eventually. Meanwhile, if you search for a way to somehow gain profits even in a bear market, learning about these three tokens will help: Gnox (GNOX), STEPN (GMT), and Aeve (AAVE) – coins popular as bear market passive income kings. 

Gnox (GNOX)

GNOX is a newly appeared digital asset that allows users to earn interest in their holdings. It is one of the few assets that has maintained its value throughout the bear market and continues to provide its holders with a good return.

Gnox (GNOX) is a hold-to-earn token by nature and provides the easiest and lowest risk way to earn passive income through staking and deposits. Gnox’s yield farming aggregator that collects data and generates returns automatically for the holders makes the whole DeFi experience with the GNOX project easier and faster for investors. 

Gnox’s yield farming system works like this: All investors have to do is buy and hold GNOX tokens. Investors hold the tokens while the gnox team deploys the treasury in investments. The profit from those is then airdropped to the holders proportionate to their holdings. Thus, you simply get rewarded for holding $GNOX tokens, and no matter whether the market is bull or bear, investors still generate profits. According to the GNOX team, holders get their rewards in stablecoins.

 This revolutionary approach of GNOX attracts many investors as the current bear seems devastating to their portfolios.

STEPN (GMT)

The STEPN move-to-earn project is a crypto-powered fitness app that encourages users to get active by allowing them to earn in-game currency through walking, running, or jogging. 

The app combines aspects of a play-to-earn game with a fitness app and creates a new category called “move-to-earn.” Users can buy NFT sneakers within the app, which they can use to earn the in-game currency.

However, the current bear had no mercy on GMT price too. As the token lost value, it got significantly challenging to generate realistic passive revenues with the project, leaving many enthusiastic investors worried. Still, the crypto spring is ahead, so let’s wait for the positive changes.

Aave (AAVE)

Aave is a decentralized finance protocol allowing people to borrow cryptocurrency. Lenders earn interest on deposited digital assets by providing liquidity in specially created pools. In turn, borrowers can take out flash loans using their crypto as collateral. The project supports the lending and borrowing of around 20 cryptocurrencies, meaning users have lots of options. 

Borrowers can choose between fixed and variable rates. While fixed rates can provide some cost certainty during crypto market volatility, variable rates can be advantageous when borrowers believe prices will fall in the near future.

As you see, Aave (AAVE) can offer investors attractive passive income options during a bear market.

Conclusion

To wrap up, these three, GNOX, GMT, and AAVE, are nominated as bear market passive income kings due to their excellent programs for the investors. Gnox is a new protocol that brings new standards to the DeFi industry. With its soken-audited KYC & Smart Contract, strong community, team’s dedication & experience, and rising interest from the investors, Gnox is believed to stay longer. 

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

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

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  • Source: https://coinpedia.org/press-release/bear-market-passive-income-kings-gnox-stepn-and-aave/

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