What is Gains Network? Gains Network is a Perpetual platform and the one that developed the gTrade application with the support of MakerDAO, Polygon, Chainlink and Arbitrum. Gains Network is the Top Perp platform in the market with a daily trading volume of over $10M and a total volume of up to $30B.
So what is Gains Network? How does it work? Let’s find out in this article!
To better understand Gains Network as well as Perp Dex, you can read the following articles:
- What is GMX (GMX)? Overview of GMX Cryptocurrency
- What is Perpetual Trading? Top 4 DEXs Leading in the Perpetual Array
- ZKX Protocol – The First Perpetual Platform on the StarkNet Ecosystem
- What is SynFutures? SynFutures Cryptocurrency Overview
What is Gains Network?
Overview of Gains Network
Gains Network is a Perpetual platform built and developed on Polygon. The platform is geared towards user experience and creating liquidity for derivative assets. Thanks to its development on Polygon, the platform provides services with low fees and very fast transaction speeds.
Gains Network develops gTrade together with Polygon, MakerDAO, Chainlink and Arbitrum. GTrade directly provides leverage trading services to users with high leverage up to 150x for Crypto assets, 1000x for Forex and 50x for stocks.
Gains Network is audited multiple times by Certik, the market leading auditing platform. To provide the safest service to users.
Gains Network’s vision:
- GTrade becomes the most adopted decentralized leveraged trading platform.
- Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS).
- Its sole goal is to create great DeFi products that yield revenue that can be distributed within the $GNS staking pool.
- Scaling horizontally, any team can create governance proposals to receive funding from the governance board and create cutting-edge products that bring revenue to $GNS holders.
- Gains Network launches new products such as casinos and its own Metaverse.
Project differences
- Cheap fees thanks to building on Polygon.
- User-friendly interface.
- Supports trading many types of assets such as Crypto, Forex, stocks and other indices.
Mechanism of action
There are 2 main types of users using the platform:
- Liquidity Providers: Provide DAI into the Vault to earn profits and trading fee rewards.
- Traders: Collateral DAI to trade on the platform.
The protocol has built a liquidity pool called Vault DAI, which only contains DAI assets. When trading, users need to mortgage DAI on the platform to place orders. They will trade according to updated price data from Oracle Chainlink. If the trade wins they will withdraw funds from Vault DAI, if they lose then the loss will be the reward of the liquidity providers in Vault DAI.
Development Roadmap
- Optimized user interface
- Bug bounty security testing with ImmuneFi and Certik
- Expand partnerships
- Website development
- Integrate many types of goods
- Open a liquidity incentive program
- Opens up the social chat feature
- Open up cross trading pairs between Crypto and stocks, index pairs
- Launched version V7
- Deploy ZK Rollup technology to increase transaction speed
- Increase decentralization
- Metaverse development
Core Team
- Seb: Founder, Full-stack dev, Strategy
- Nathan: Full-stack dev, Project Management
- Lunaman: Project Management, Biz dev
- Crumb: Full-stack dev
- Dreamersnat: Frontend dev
- Konrad: Frontend dev
- Drew: Backend dev
- Uri (Full-stack dev, Research)
- Sam: Biz Dev, Partnerships & Connections
- Ross & Kenji: Social media
- Jim: Designer
- Alex: Research
- Vesnushki: moderator
Investors
Updating…
Tokenomics
Overview of Token Gains Network
- Token Name: Gains Network
- Ticker: GNS
- Blockchain: Polygon
- Standard: ERC-20
- Contract: 0xe5417af564e4bfda1c483642db72007871397896
- Total supply: 38,500,000
- Maximum arc: 100,000,000
Token Allocation
- Liquidity Mining: 90.00%
- Team: 5.00%
- Foundation: 5.00%
Token Use Case
- Governance
- Liquiddity Mining
- Burn Fee
Exchanges
GNS tokens are traded on Cex exchanges such as Binance, MEXC,… and Dex Uniswap exchange.
Gains Network’s Information Channel
- Website: https://gains.trade/
- Twitter: https://twitter.com/GainsNetwork_io
- Medium: https://medium.com/
- Discord:
Summary
Gains Network is a project in the Top Perpetual segment, second only to the two giants GMX and Dydx. With the highlight of providing more diverse assets, Gains has the potential to become a giant in the segment.
So I have clarified what Gains Network is? Gains Network cryptocurrency overview. Hope this article provides a lot of useful knowledge for you!