Gains Network

Chainlink

ERC20

Gains

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-gains-network-gns-coin-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Gains Network (GNS) Coin?</a><br></p>
<p style="text-align: justify">Gains Network aims to bring its liquidity-efficient decentralized leveraged trading architecture to Polygon. With Gains, users can trade cryptocurrencies with up to 150x leverage.</p>
<h2 style="text-align: justify" id="what-is-gains-network-gns">What is Gains Network (GNS)?</h2>
<p style="text-align: justify">The features offered by the Gains Network platform are listed as follows:</p>
<ul style="text-align: justify">
 <li>Simulation of trading PnL by minting/burning the GNS token</li>
 <li>No funding fees</li>
 <li>Support for any asset with any leverage</li>
 <li>100% of liquidity concentrated in a single GNS/DAI pool</li>
 <li>Only DAI liquidity layer on top of GNS/DAI liquidity for maximum capital efficiency.</li>
 <li>Collateral passes only through liquidity</li>
 <li>First of its kind, on-demand Chainlink decentralized oracle network</li>
 <li>Only median spot prices, no derived/manufactured prices</li>
</ul>
<p style="text-align: justify">Additionally, the Gains Network token economy is described as follows:</p>
<ul style="text-align: justify">
 <li>Utility token minted/burned by the trading platform</li>
 <li>Long-term deflationary pressure on GNS supply resulting from trading losses.</li>
 <li>A significant portion of leveraged trading fees goes to GNS/DAI liquidity providers.</li>
</ul>
<p style="text-align: justify">On the other hand, Gains Network is developing gTrade, a powerful, user-friendly decentralized leveraged trading platform that is highly efficient in terms of liquidity. The synthetic architecture, claimed to be uniquely designed, aims to make gTrade more capital efficient than any other platform available, allowing for low transaction fees and a wide range of leverages and pairs.</p>
<p style="text-align: justify">The protocol revolves around the ecosystem’s ERC20 utility token (GNS) and ERC721 utility token (NFTs). According to the statements made, GNS and NFTs are actively used within the platform and are designed to allow ownership of the protocol through revenue capture and governance. GNS holders receive platform fees via One-Sided Staking, GNS are burned using platform revenue, and NFT holders benefit from lower spreads, increased rewards, and NFT bots that execute limit orders and liquidations.</p>
<h2 style="text-align: justify" id="how-to-buy-gns-coin">How to Buy GNS Coin?</h2>
<p style="text-align: justify">GNS Coin can be quickly and securely purchased through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by volume.</p>
<p style="text-align: justify">To purchase GNS Coin, users first need to register on <a href="https://en.coin-turk.com/binance-potential-bankruptcy-bet-on-decentralized-crypto-prediction-market-polymarket/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and then send fiat currency. After sending fiat currency, such as or USD, users can buy GNS Coin in the BTC and Tether (USDT) GNS trading pairs.</p>
<p style="text-align: justify">Additionally, on <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, users can place buy orders not only at the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> value but also at a lower price. To do this, simply use the Limit tab and enter the desired amount and price.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-gains-network-gns-coin-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Gains Network (GNS) Coin?</a></h5>
<p>The post <a href="https://en.coin-turk.com/what-is-gains-network-gns-coin-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Gains Network (GNS) Coin?</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

What is Gains Network (GNS) Coin?

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