Gains Network is a decentralized trading platform that enables leveraged trading of financial assets such as cryptocurrencies and forex. Built on the Polygon (Matic) blockchain, the platform aims to create a decentralized finance ecosystem for the future. Gains Network, known for its innovative approach, offers users a fair and efficient trading experience. As Kriptokoin.com, we will take a closer look at GNS Coin and Gains Network in this article
What is GNS Coin?
GNS Coin is the primary token of the Gains Network platform and adheres to the ERC20 standard. The token has a total supply of 38,500,000 GNS, with a maximum supply designed to reach up to 100,000,000 GNS. GNS is used to support the operation of the platform and to incentivize users. GNS Coin rewards users in DAI through reward pools like the DAI Vault. Additionally, liquidity providers earn rewards through the GNS/DAI pool.
The Gains Network platform allows users to trade leveraged financial assets. In addition to cryptocurrencies, users can trade assets such as stocks of major American companies and main currency pairs. The platform’s user-friendly interface and high leverage ratios make it an attractive option for traders.
Who is the Founder of Gains Network?
Gains Network was founded in 2021 by an anonymous founder named Seb. Currently managed by a team of about 10 people, the platform plans to transition into a decentralized autonomous organization (DAO) in the near future. Until this transition occurs, the control of the platform remains with the founder.
Gains Network places great emphasis on security, having been audited eight times by Certik. Audits are conducted before and after each major update to ensure a secure trading environment for users. With high security ratings, Gains Network provides a solid foundation for protecting users’ funds.
GNS Token Ecosystem of Gains Network
The Gains Network ecosystem features various use cases for the GNS token. GNS supports the platform’s operations through liquidity provision and reward mechanisms. For instance, users who provide liquidity to the DAI Vault earn DAI rewards based on the platform’s trading volume. Additionally, contributors to the GNS/DAI liquidity pool receive both GNS and dQUICK rewards.
The platform offers five different NFT categories, providing additional incentives for users. These NFTs, totaling 1500, play a crucial role in the ecosystem and allow users to automate various trading operations for additional earnings. The burn mechanism of the GNS token ensures that the supply remains under control. If the DAI Vault exceeds a certain level, excess DAI is used to buy back and burn GNS tokens.
Advantages of GNS Coin as a Trading Platform
Gains Network, through its gTrade platform, offers several trading advantages to users. gTrade operates on DAI and GNS tokens using a synthetic asset system. This system allows users to trade a wide range of assets without incurring borrowing costs. gTrade provides reliable pricing through Chainlink price feeds and custom decentralized oracle networks.
The platform stands out with features such as guaranteed stop loss, trading without fraudulent spikes, fixed spreads, and high leverage ratios. Additionally, users can keep their funds in their own wallets and trade directly from them, enhancing security and user-friendliness. Gains Network allows trading without KYC requirements, preserving users’ anonymity.
GNS Coin Price Reviews
Since its launch, GNS Coin has garnered significant interest in the crypto community. The innovative solutions and wide leverage options offered by the platform have attracted investors’ attention. The price of GNS Coin fluctuates depending on market conditions. However, the continuously updated and audited structure of Gains Network provides a reliable foundation for investors. Therefore, positive long-term potential reviews are made about GNS Coin.
The price of GNS Coin tends to increase proportionally with the growth of the platform and the expansion of its user base. Gains Network has successfully established an important place in the decentralized finance world, reflecting in the value of GNS Coin. Investors evaluate GNS Coin by considering the platform’s future developments and new features. Particularly, the completion of the DAO transition and the commencement of trading new assets are factors that could positively affect the price of GNS Coin.
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