Buy Gains Network

Gains Network (GNS) is a decentralized financial ecosystem offering advanced trading options in both the crypto and traditional markets. Built on the Polygon and Arbitrum blockchains, the platform utilizes smart contracts to provide users direct access to complex trading strategies without third-party involvement.

The flagship of Gains Network is gTrade, a trading platform that allows users to trade with high leverage in various assets such as cryptocurrencies, forex, stocks, and commodities. What sets gTrade apart is its synthetic leverage, where users don't need to own or borrow assets to execute trades, making the platform highly efficient and scalable for decentralized trading.

Another important element of Gains Network is the GNS token, which acts as a deflationary utility token within the ecosystem. The token plays a crucial role in ensuring liquidity on the platform and supports staking, trading, and governance. By staking GNS tokens, users can generate passive income in the form of trade fees paid out in DAI, making the platform attractive to both traders and investors.

What makes Gains Network unique is its strong focus on user experience and accessibility. Traders can leverage up to 150x on crypto trading and even 1,000x on forex markets. Users are not required to go through time-consuming Know Your Customer (KYC) processes; all transactions are done directly from their Web3 wallets, like MetaMask. This increases anonymity and user-friendliness, making Gains Network particularly appealing to crypto traders who value decentralization and privacy.

In addition, Gains Network offers users various rewards such as NFTs, providing traders with benefits like lower spreads and higher rewards. The platform also has an extensive staking mechanism that allows users to generate additional income by staking their GNS tokens in exchange for DAI.

Who founded Gains Network?

Gains Network was founded by an anonymous team led by a person known as Seb. Seb initially worked on the project alone for the first year before expanding the team as the network grew. Today, the team consists of multiple developers with specialized skills. The team includes full-stack developers Nathan, Uri, and Crumb, along with Dreamersnat and Konrad focusing on front-end development. Drew manages the backend. This team is constantly working on developing and improving the platform.

Gains Network offers a wide range of features appealing to both traders and developers. Key features include:

• gTrade platform: For trading in various markets with synthetic leverage
• GNS staking: For earning passive income in DAI by staking GNS tokens
• NFT rewards for benefits like lower spreads and higher staking rewards
• Liquidity provision through the gDAI Vault for earning a share of trading fees by staking DAI tokens
• No KYC required for anonymous trading, ideal for privacy-conscious traders.

Gains Network operates with a unique synthetic leverage architecture that efficiently manages liquidity compared to many competitors. The operation of Gains Network can be divided into different components that together provide a seamless trading environment.

gTrade platform

The gTrade platform is at the core of Gains Network, supporting trading in over 40 markets including crypto, forex, stocks, and commodities with synthetic leverage. Profit and loss are managed through the gDAI Vault, reducing risks and capital requirements associated with traditional leveraged products. gTrade also utilizes the Chainlink Decentralized Oracle Network (DON) for real-time price transparency to ensure accurate and timely price display, essential for a reliable trading environment.

gDAI Vault

The gDAI Vault is a key component of the Gains Network, managing traders' profits and losses while serving as a liquidity source. Users stake DAI tokens in the vault to receive gDAI tokens as proof of contribution, entitling them to a share of trading fees generated on the platform. When users withdraw their DAI, the gDAI tokens are destroyed, encouraging long-term liquidity provision to the network.

NFT rewards and GNS staking

In addition to staking DAI, users can also stake GNS tokens to receive a portion of trading fees in DAI. Approximately 32.5% of trading fees on the platform go to the GNS staking pool. Users can boost their staking rewards by using special NFTs divided into different levels, with higher levels like Diamond offering extra benefits and rewards.

Tokenomics and deflation

GNS is a deflationary utility token, meaning that tokens are burned when the gDAI Vault is overcollateralized. This deflationary mechanism creates scarcity and stabilizes the token's value, making GNS attractive to long-term investors.

The GNS token is the native token of Gains Network and plays several essential roles within the ecosystem. Users can stake their GNS tokens to earn a portion of trading fees on the platform. GNS also acts as a deflationary token, with mechanisms in place to gradually reduce the number of tokens in circulation. When the gDAI Vault is over-collateralized, GNS tokens are burned to limit inflation and support the token's value. This deflationary model makes GNS appealing to both traders and investors.

Although there is no set maximum supply of GNS tokens, the burn mechanism ensures that the total amount of tokens will likely remain limited in the long term. This increase in GNS demand can contribute to a stable or even increasing value over time.

Staking GNS tokens on the Gains Network platform offers a simple way to generate passive income. Users can stake their GNS tokens to earn a portion of the trading fees collected in DAI. Approximately 32.5% of gTrade's trading fees are distributed among GNS stakers. Additionally, users can boost their staking rewards by using special GNS NFTs, which provide an extra boost based on the NFT level owned.

The staking process is very accessible and begins by sending GNS tokens to the staking contract of Gains Network using a Web3 wallet like MetaMask. This makes the process suitable for both new and experienced users looking to benefit from passive income.

Gains Network stands out from other projects in the DeFi world with unique features. Here are five characteristics that make the project exceptional:

• Synthetic leverage without collateral: Users on Gains Network can trade with leverage without needing to borrow or own assets.
• Real-time pricing with decentralized oracle network: Gains Network utilizes a specially designed Chainlink Decentralized Oracle Network (DON) for accurate and reliable pricing.
• gDAI Vault as counterparty: The use of the gDAI Vault as a counterparty for all transactions makes the platform more efficient and reduces risks like slippage and liquidity issues.
• NFT integration with functional benefits: GNS-NFTs offer both aesthetic value and practical benefits such as lower spreads and higher staking rewards.
• Focus on leverage for non-crypto assets: Gains Network provides high leverage not only for cryptocurrencies but also for traditional assets like forex and stocks.

At Bitvavo, you can buy Gains Network (GNS). Bitvavo is known for its platform, which is suitable for both new and experienced crypto traders. Follow these simple steps to purchase Gains Network via the website or app:

1. Create an account or log in to your existing Bitvavo account.
2. Transfer money to your account by clicking "Deposit".
3. Visit the Gains Network buy page.
4. Enter the amount you want to invest or the number of tokens you want to buy, and click "Buy".

The price of Gains Network tokens is determined by the current market rate. After the purchase is completed, the tokens will be added to your Bitvavo account, where you can easily manage and trade them. This allows you to quickly respond to price fluctuations.

Looking to safely store your Gains Network tokens? Bitvavo provides a secure storage environment for your GNS tokens in your account. Most funds are kept in cold storage for added security. To enhance security further, it is recommended to enable two-factor authentication (2FA). This requires entering a unique code in addition to your password for each login attempt, providing an extra layer of security.

In addition, GNS tokens can be stored in external wallets, such as hardware wallets and software wallets. Transferring your GNS tokens to an external wallet from your Bitvavo account is simple. Make sure to enter the correct wallet address to ensure the safe transfer of your tokens.