Polygon

Gains Network

Rewards

Gains

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/gains-network-brings-efficient-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">Gains Network Brings Efficient Trading</a><br></p>
<p style="text-align: justify">Gains Network is set to introduce its highly efficient decentralized leveraged trading system to the Polygon network, allowing users to trade cryptocurrencies with leverage up to 150x. This innovative platform focuses on maximizing capital efficiency by concentrating all liquidity in a single GNS/DAI pool and operating solely on a DAI liquidity layer. Gains Network’s unique synthetic architecture and the integration of Chainlink’s decentralized oracle network ensure precise and reliable operations.</p>
<h2 id="what-is-gains-network-gns">What is Gains Network (GNS)?</h2>
<p style="text-align: justify">The Gains Network platform offers several key features, including the simulation of trading PnL through minting and burning GNS tokens, the elimination of funding fees, and support for any asset with any leverage. Furthermore, all liquidity is concentrated in a single GNS/DAI pool, providing maximum capital efficiency. The platform also employs a first-of-its-kind on-demand Chainlink decentralized oracle network, ensuring the use of median spot <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">prices</a> for accurate and reliable trading.</p>
<h2 id="how-does-the-gns-economy-work">How does the GNS Economy Work?</h2>
<p style="text-align: justify">Gains Network’s token economy revolves around the GNS utility token, which is minted and burned by the trading platform. The system exerts long-term deflationary pressure on GNS supply due to trading losses, and a significant portion of leveraged trading fees benefits GNS/DAI liquidity providers. Additionally, the ecosystem includes NFTs, which play a crucial role in platform operations by offering benefits such as lower spreads, increased rewards, and automated trading features.</p>
<h2 id="user-benefits-and-features">User Benefits and Features</h2>
<p style="text-align: justify">Key takeaways for users include:</p>
<ul>
 <li>Up to 150x leverage on cryptocurrency trades</li>
 <li>No funding fees for trades</li>
 <li>Deflationary pressure on GNS tokens due to the platform’s design</li>
 <li>Rewards and lower spreads for NFT holders</li>
 <li>Highly efficient liquidity management</li>
</ul>
<p style="text-align: justify">With these features, Gains Network provides an attractive option for traders seeking efficient and reliable leveraged trading.</p>
<h2 id="how-to-buy-gns-coin">How to Buy GNS Coin?</h2>
<p style="text-align: justify">GNS Coin is available for purchase on <a href="https://en.bitcoinhaber.net/binance-commences-pair-cleaning-for-20-altcoins-after-aeur-stablecoin-causes-panic" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the world’s leading cryptocurrency exchange by volume. To acquire GNS Coin, users must first register on Binance, deposit fiat currency, and then execute a purchase in either BTC or USDT GNS trading pairs. Binance also offers the option to place limit orders for buying GNS at a preferred price, enhancing the buying experience.</p>
<p style="text-align: justify">In summary, Gains Network leverages innovative <a href="https://newslinker.co/category/technology/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">technology</a> and a unique liquidity-efficient architecture to offer a robust and user-friendly trading platform on Polygon, making it a promising choice for cryptocurrency traders.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/gains-network-brings-efficient-trading" data-wpel-link="internal" rel="noopener noreferrer nofollow">Gains Network Brings Efficient Trading</a></h5>

Gains Network Brings Efficient Trading

Table of Contents

BH NEWS

Other articles published on Aug 14, 2024

Xapo’s Interest-Bearing Bitcoin Accounts: How Does it Work? Is it Feasible in the Long Term?

'Rich Dad Poor Dad' Author Kiyosaki Predicts World's Worst Market Crash

SEC Pushes Back Against Coinbase’s Demand for Gensler Emails on Digital Assets

Here’s the New Special Details on the Cryptocurrency Project to be Launched by Donald Trump’s Sons

Why Ripple Might Become Its Own Bank: XRP’s Role in Revolutionizing Cross-Border Transactions

BlackRock iShares Bitcoin Trust Breaks ETF Chart With $20 Billion Inflow

Join our free newsletter for daily crypto updates!