Gains Network GNS Price

What is Gains Network (GNS)?

Gains Network (GNS): Revolutionizing Decentralized Leveraged Trading

Gains Network is making waves in the world of decentralized finance (DeFi) with its innovative approach to leveraged trading. The project's flagship product, gTrade, is a decentralized leveraged trading platform that offers high capital efficiency, low trading fees, and a wide range of leverages and trading pairs.

High Leverage, Low Fees

One of the key features of gTrade is its ability to offer up to 100x leverage on cryptocurrencies, 1000x on forex, 50x on stocks, and 35x on indices. This high leverage, combined with the platform's low trading fees, makes it an attractive option for traders looking to maximize their returns.

Utility Token - GNS

Gains Network has also introduced its utility token, GNS, which plays a crucial role in the ecosystem. GNS helps improve the liquidity efficiency of the gTrade platform by minting rewards and will also serve as the governance token of Gains Network in the future, allowing holders to participate in the decision-making process.

Trusted Price Data

One of the standout features of Gains Network is its use of a custom real-time Chainlink decentralized oracle network for receiving accurate price data. This ensures that traders can trust the price data they are receiving, protecting them from liquidations due to manipulative price movements.

Clear Roadmap for the Future

The project has a clear roadmap for the future, with plans to become a decentralized autonomous organization (DAO) that manages the operations of gTrade in a decentralized and democratized manner. With its innovative approach to leveraged trading and strong team behind it, Gains Network is well-positioned to become a major player in the DeFi space.

Milestone Achievements

The project has come a long way since its inception, with the release of gTrade v2 in January 2021 and the launch of its NFT exchange with a bidding system in February 2021. gTrade launched on the Polygon mainnet in April 2021 and started using Chainlink for its decentralized leveraged trading in August of the same year. The project rebranded to Gains Network in October 2021, signaling its evolution and growth in the market.

Continued Innovation

Gains Network continues to innovate and expand its offerings, with the release of gTrade v6 in January 2022, which included optimized gas and logic, more integrations and partnerships, and the release of its open-source website. The project also announced a bug bounty program in collaboration with Immunefi in March 2022, demonstrating its commitment to security and transparency.

Shaping the Future of DeFi

With its focus on liquidity efficiency, capital efficiency, and user-friendly design, Gains Network is poised to revolutionize the world of decentralized leveraged trading. As the project continues to grow and evolve, it will be interesting to see how it shapes the future of DeFi.

What is unique about Gains Network (GNS)?

Gains Network stands out for its innovative decentralized leveraged trading platform, gTrade, offering high leverage on various assets with low fees, backed by a robust real-time Chainlink decentralized oracle network for accurate price data.

Who are the founders of Gains Network (GNS)?

Gains Network was established in 2021 with an anonymous founder named Seb and reportedly comprises a team of around 10 members, driving the project's development and growth in the DeFi space.

Where can I buy Gains Network (GNS)?

You can buy Gains Network (GNS) on Binance, Gate.io, Bitget, MEXC, Crypto.com cryptocurrency exchanges.