Gains Network GNS
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Short Review Gains Network
Crypto project Gains Network (GNS) is classified as a DeFi. Gains Network is a Utility token that is hosted on the Polygon Network. The current total supply is 30.39 M GNS (Circulating Supply + Tokens yet to be released - Burned Tokens).
(GNS)
GNS Price Chart
The launch of GNS token trading took place on 2 November 2021.
Fundraising Rounds
Total amount of funds raised by the Gains Network project is $250,000.00.
| Investment Round | Date | Price | Funds Raised |
| Grant | January 2021 | -- | $250,000.00 |
Gains Network Investors
Cryptocurrency Gains Network (GNS)
Gains Network is a platform that allows clients to trade cryptocurrency and forex using leverage. The platform is built on Polygon and Arbitrum. The goal of the project is to create a convenient trading platform for users.
The network's native token is called GNS. Its main function is to serve as a store of value and once this function is realized it will also be used for management purposes. In addition, users can earn passive income by staking GNS tokens.
The network consists of several important elements:
- gTrade - provides traders with access to trading with leverage. Users of this platform can maximize their profits by borrowing assets online using their own assets as collateral. gTrade, supports about 40 trading pairs, provides up to 150x leverage for crypto assets, 100x leverage for stocks and 1000x leverage for Forex trades.
- DAI Vault - serves as a single the place where all transactions take place. Gains Network clients can stake DAI tokens to earn rewards.
- Liquidity Pools - Users can earn rewards for staking GNS tokens and receive DAI generated through trading commissions.
- Deeply integrated NFTs in five different categories, each with varying degrees of rarity. These NFTs offer unique enhancements such as increased staking rewards.
The initial supply of tokens was 38.5 million, with a cap supply of 100 million. So far, more than 20% of them have been burned to reduce token inflation.
To start trading, users do not need to go through a complex KYC process - they can simply use their already existing crypto wallet on the platform. However, creating a new wallet is also possible using the Gains Network; this allows clients to engage in one-click trading without additional transaction confirmations.
History of the Gains Network (GNS) project
The project was launched in 2021 by a team of developers who revealed only the names. The founder of the project is called Seb. Nathan is a full-stack developer and Lunaman is a business development manager.
Gains Network aims to become the number one leveraged decentralized trading platform in terms of adoption. The team wants to diversify its product range. They have now announced their plans to launch a casino and Metaverse in the coming years.
Advantages of Gains Network
- Simplicity. Complex KYC processes are not needed: users can simply connect an existing crypto wallet.
- Efficiency. The platform processes all transactions through a single repository, which makes the process more efficient.
- Earning opportunities. Clients can take advantage of trading and betting opportunities.
Disadvantages of Gains Network
- Limitations. Currently, users can have up to 3 open trades at the same time on each pair, and there is also a specified maximum open interest limit that depends on the specific pair.
- Risks. The use of synthetic leverage carries a higher risk of potential loss.
