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About Gains Network (GNS)
What Is Gains Network (GNS)?
The Gains Network provides a decentralized trading platform that enables users to trade cryptocurrencies and forex with leverage. Leverage involves using borrowed funds to trade financial assets. According to its whitepaper, the platform aspires to create a decentralized finance ecosystem for the future. The Gains Network launched its first decentralized leverage trading platform, gTrade, on the Polygon (Matic) blockchain. The network asserts that gTrade's unique architecture makes it more capital efficient than other platforms.
What Makes Gains Network (GNS) Unique?
The Gains Network is introducing reward pools for its users, which are designed to enhance the trading experience, increase the system's resilience, and improve capital efficiency. There are two reward pools available on the platform:
The DAI Vault allows anyone to stake DAI and earn DAI rewards based on trading volume.
The GNS/DAI Pool is accessible exclusively on the Polygon (Matic) mainnet. Users can stake their LPs to earn GNS and dQUICK rewards. Depositing Quick tokens into the staking contract generates dQUICK, also known as "Dragon's Quick."
What Is the Gains Network token?
The Gains Network has its own utility token, GNS, which follows the ERC20 standard. The total supply of GNS tokens is 38,500,000, and its maximum supply is set at 100,000,000. Additionally, the platform offers five types of NFTs that are considered the master keys of the ecosystem. There are 1500 NFTs in total, with each of the five categories having a specific number of keys: 500 Bronze Keys, 400 Silver Keys, 300 Golden Keys, 200 Platinum Keys, and 100 Diamond Keys.
Gains Network (GNS) Price Prediction
Based on the latest predictions, Gains Network is expected to experience a substantial growth of 226.95%, reaching $10.55 by the end of 2025. However, it's worth noting that the current market sentiment is bearish and the Fear Greed Index is currently at 11.98, indicating extreme fear. It's important to proceed with caution and closely monitor market trends and indicators.
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