Have you ever wished you got in on a coin like HEX before it really caught on and started to rally out of control? THIS IS YOUR CHANCE!
EquiNOX - Certificate of Deposit Token
EquiNOX has everything a CD token should have:
- Stakes
- Shares
- Referrals
- Interest
- Rewards for long term holders
Launched successfully just over 2 weeks ago. EquiNOX is a fork of REX with some major improvements. REX was a fork of HEX that did 300x from launch in 2 months! Just look at the chart below:
After this phenomenal rally REX's high inflation as well as its scraping bug cause the price to crash. NOX has solved these issues by starting the inflation rate at a moderate 1.8% daily as well as removing the scraping function completely. Another interesting approach that the team has taken is to implement seasonal un-staking penalties rather than locked stakes. Harvest season is October to December during which there is no penalty to un-stake. More details about this can be found in their whitepaper.
By far the most interesting and valuable way to accumulate NOX is through the auction. Everyday you can make a bid in BUSD on the EquiNOX website toward the daily 10M NOX mint. You will receive NOX for your bid in proportion to the total bids for the day as well as credits equal to your BUSD to be used when staking. You also have a 50% chance to receive your full BUSD bid back!
An example of how the auction works:
Let's say you put 1k and the other participants in the auction combined put 9k
The total would be 10k
Your bid equals 10% so your allocation would be 1M NOX (10% of 10M)
Here we have to possible outcomes:
- You win the auction and leave with 1k BUSD and 1M NOX
- You are unlucky and leave with only the 1M NOX.
In both cases your deposit remains as a credit on the website towards your BUSD required for future NOX stakes. That BUSD credit essentially buys you more NOX when you create a large enough stake to use it.
In summary not only does your BUSD get you NOX from the auction but it will also get you more NOX when you go to stake. Not to mention the 50% chance you get all your BUSD back as well. 3x the benefits compared to just buying from Pancakeswap.
It is Still Early!!!
With less than 150 unique addresses and less than 400 members in the telegram this low-cap gem has boundless potential now that the marketing has started. Price swings are no longer as extreme since the liquidity has been building up daily thanks to the auctions. The price has been consolidating meaning it is currently in a buy zone and you will be able to accumulate much more NOX by participating in the auction or buying from PCS. Get in ahead of the crowds! The time is now!
As always don't forget to do your own research, this is not financial advice.