Project Gains Network Crypto has a decentralized trading platform, token (GNS) is native to the platform. gTrade enables leverage in trading in cryptocurrencies, stocks and forex. Read on and find out if the Gains Network Crypto project is worth it.
In this article, we will discuss:
What is Project Gains Network Crypto
Gains Network is developing gTrade, a platform decentralized leveraged trading platform, efficient in terms of liquidity, powerful and easy to use. The architecture of Project Gains Network Crypto is synthetic and unique design makes gTrade more capital efficient than any existing platform, allows for low trading fees and a wide range of leverages and pairs (up to 150x on cryptocurrencies, up to 1000x on forex and up to 100x on stocks).
The protocol revolves around the ecosystem's ERC20 Utility Token (GNS) and ERC721 Utility Token (NFTs). GNS and NFTs are designed to be actively used on the platform (utility) and to enable protocol ownership through revenue capture and governance (coming soon). It includes GNS holders receiving platform fees through Single Sided Staking, GNS burning using platform revenue, NFT holders getting reduced spread and increased rewards, as well as NFT bots executing limit orders and liquidations.
How the Gains Network gTrade platform works:
Trades on the Gains Network are opened with DAI guarantee, regardless of the trading pair the trader uses. Leverage is synthetic and backed by DAI vault, GNS/DAI liquidity and GNS token. DAI is taken out of the vault to pay traders PNL (if positive) or receive DAI from trades where PnL was negative.
1. Cryptocurrency trading
gTrade currently offers cryptocurrency trading with over 40 crypto pairs in leverage ranges from 4x to 150x. The gTrade platform works 24/7, which means you can trade whenever you want. However, when the stock market is closed, there is usually less volume in cryptos, hence less volatility.
Just like other trading platforms gTrade never closes. This means that it is possible to guarantee features such as the stop loss, regardless of how long it takes to execute. It will always trigger at the exact price you set.
2. Forex Trading
The Gains Network Crypto platform allows you to leverage peers of synthetics in the forex market. gTrade is currently trading around 10 forex pairs in leverage ranges from 10x to 1000x. Unlike cryptocurrency markets, forex markets are not always open.
3. Stock trading
The Gains Network Crypto architecture allows you to leverage pairs of synthetics. gTrade currently offers trading on the price of over 20 stocks in leverage ranges from 3x to 100x. Just like forex markets, the stock market is not always open.
gTrade platform
Powered by Chainlink
While all derivatives platforms generate their own prices through order books or similar models, which often end up in prices that do not correspond to the asset's actual spot price, the project uses a custom network of Chainlink node operators in real time. real to get the average price for each trade order.
Fairest platform for trading
The platform’s DON effectively filters out any outlier price action that takes place on a single exchange, whether through manipulation purposes or simply lack of liquidity, allowing traders to rest easy as they are not liquidated because of a fraudulent scheme. , for example.
It's worth noting that these are your business. We cannot open, close or edit any aspect of your open trades unless you have approved the smart contract to allow this by setting a stop loss or take profit, or if you are in a position that requires liquidation.
There is a function available for the governance to pause the opening of new trades which is used when a contract is updated – but this would not close any open trader positions, all traders still retain control over the closing of their trades.
Finally, the trading engine is fully decentralized and users retain custody of funds. We do not require any registration or deposit to start trading.
Gains Network Crypto: Low Trading Fees
Fees are applied to the collateral x leverage of your trade (= position size), just like any leveraged trading platform.
We currently charge 0,08% of the leveraged amount at open and close, for all cryptocurrencies, and 0,008% for forex. The trade fee is applied at the opening of the trade and also at the closing.
There is also the spread on the price of each pair when opening a trade (exact percentage visible in the trading panel on the right), which is used to prevent high frequency bots from exploiting very small price movements.
Liquidity efficiency
As all trades use the DAI (trading vault) liquidity layer, the Gains Network platform has a big advantage over others in the market that need to create new liquidity in their order books every time they list a new pair and maintain high liquidity in each pair.
By building a large DAI vault (with trading fee incentives), all trading pairs listed on the Gains Network Crypto platform benefit from larger position sizes. This means that the platform only requires DAI liquidity for ALL pairs that can be traded on the platform.
GNS Staking
The platform allows you to stake $GNS for DAI rewards paid for trading fees. In total, 40% of market order fees and 15% of limit order fees are allocated to staking $GNS. As 70% of our trades are market orders: 32,5% of all order fees on average will go to $GNS staking.
GNS NFTs
The Gains Network Crypto project has unique NFTs, they are a set of 5 different types of NFTs that are the master keys of the ecosystem. NFTs unlock exclusive benefits.
- Spread reduced to traded: -15% (Bronze), -20% (Silver), -25% (Gold), -30% (Platinum) and -35% (Diamond). You need to keep NFT in your trading book.
- Run a bot for rewards for executing settlements and limit orders. All NFTs can be fulfilled equally in this regard. Instructions for configuring and running the bot are.
- Increase your LP or SSS rewards by betting up to 3 NFTs. The increases are 2% (Bronze), 3% (Silver), 5% (Gold), 8% (Platinum) and 13% (Diamond). See page e for more information on this.
With an NFT, you get a greater share of rewards with the same capital. You can bet up to 3 NFTs to increase the boost. According to the website, if you have 1 NFT Diamond, 1 NFT Platinum and 1 NFT Silver, your total boost would be 13+8+3=24% and therefore you would get 24% more reward for the displayed APR.
GNS Token – Gains Network
A Cryptocurrency Gains Network (GNS) was launched in 2020 and operates on the Polygon platform. The GNS token acts as a liquidity efficiency mechanism that helps capitalize resources and deliver the best trading experience and return for ecosystem participants.
- Supply Limit: 100.000.000 GNS – used as a fail-safe mechanism, should never be reached.
- Initial supply: 38.500.000 GNS
The GNS token also developed to support trading on the gTrade platform. However, it was recognized that during extreme market conditions this could result in unnecessary volatility. In its current iteration the GNS token:
- Supports DAI vault liquidity efficiency by coining rewards for GNS/DAI LP providers, NFT bots and affiliates, allowing DAI to stay inside the vault. This adds stability, reducing vault withdrawals and supporting your overcollateralization.
- It burns when the DAI vault becomes sufficiently overcollateralized to provide an adequate buffer for participants in the DAI vault – currently this is 130%. This is done to combat the inflation of GNS/DAI LP rewards and NFT bot rewards.
- It ensures that people who have supported the community from the start will not have their platform interest percentage watered down by a big whale in the future - it gives an equal playing field to community support.
- It is the last resort for traders to earn on gTrade (no longer through minting, but through potential OTC sales of protocol wallet reserves if the situation calls for it).
As the protocol does not yet have the necessary funds to own all the liquidity and operate the platform, it shares the trading fees generated by gTrade to incentivize the GNS/DAI liquidity pool and the DAI vault. The project's development roadmap is to own more and more of this liquidity to instead send these incentives directly to the GNS single staking pool.
Gains Network (GNS) Token Price Forecast
PortalCrypto: According to our crypto price prediction index, in 2023, the price of the Gains Network (GNS) could reach a maximum level of $16.151, with the average trading price of $12.011.
Digitalcoinprice: According to the forecast data analysis, the GNS price is expected to break above the $8,40 level. By the end of the year, the Gains Network is expected to reach a minimum fee of $7,54. Furthermore, the price of GNS is able to reach a maximum level of $8,57. Investors and cryptocurrency holders should know about the Gains Network Price Prediction 2023.
