Bear Market Passive Income Kings: Gnox (GNOX), STEPN (GMT), and Aave (AAVE)
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 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.
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 is a decentralized finance protocol allowing people to borrow cryptocurrency.
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