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Reading: What is Gains Network (GNS) Coin?
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COINTURK NEWS > Altcoin News > What is Gains Network (GNS) Coin?
Altcoin News

What is Gains Network (GNS) Coin?

In Brief

  • Gains Network aspires to deliver a liquidity-efficient decentralized leveraged trading framework to Polygon, enabling users to trade cryptocurrencies with up to 150x leverage.ContentsExploring Gains Network (GNS)Gains Network TokenomicsHow to Buy GNS Tokens? Exploring Gains Network (GNS) Notable features offered by the Gains Network platform include: Simulating trading PnL through GNS token minting/burning Absence of funding […]
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Gains Network aspires to deliver a liquidity-efficient decentralized leveraged trading framework to Polygon, enabling users to trade cryptocurrencies with up to 150x leverage.

Contents
Exploring Gains Network (GNS)Gains Network TokenomicsHow to Buy GNS Tokens?

Exploring Gains Network (GNS)

Notable features offered by the Gains Network platform include:

  • Simulating trading PnL through GNS token minting/burning
  • Absence of funding fees
  • Support for any asset with variable leverage
  • Consolidated liquidity in a single GNS/DAI pool
  • A DAI-exclusive liquidity stratum atop GNS/DAI liquidity for optimal capital efficiency
  • Collateral traversing liquidity exclusively
  • A pioneering utilization of the Chainlink decentralized oracle network on demand
  • Median spot prices exclusively, no derived prices

Gains Network Tokenomics

  • Utility token minted/burned by the trading platform
  • Long-term deflationary pressure on GNS supply resulting from trading losses
  • A substantial portion of leveraged trading fees allocated to GNS/DAI liquidity providers

Concurrently, Gains Network is developing gTrade, a potent, user-friendly, and liquidity-efficient decentralized leveraged trading platform. The purportedly distinct synthetic architecture is designed to render gTrade more capital-efficient than existing platforms, permitting low transaction fees and a wide array of leverages and pairs.

The protocol centers around the ecosystem’s ERC20 utility token (GNS) and ERC721 utility token (NFTs). As stated, GNS and NFTs are intended for active use within the platform, facilitating protocol ownership via revenue capture and governance. This encompasses GNS holders receiving platform fees through Unilateral Staking, GNS burning via platform revenue, NFT holders benefiting from reduced spreads and increased rewards, and NFT bots executing limit orders and liquidations.

How to Buy GNS Tokens?

GNS Tokens can be swiftly and securely purchased on Binance, the world’s foremost cryptocurrency exchange by trading volume.

To obtain GNS Tokens, one must initially register with Binance. Following membership confirmation, fiat currency must be transferred. Once a fiat currency, such as Turkish Lira or dollars, is submitted, GNS Tokens can be acquired using the BTC and Tether (USDT) GNS trading pairs.

Additionally, Binance enables users to place purchase orders at not only market value but also at lower rates, allowing them to buy at their desired price. Simply utilize the Limit tab, input the amount and desired purchase price, and proceed with the transaction.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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