buyback: News of Gains Network (GNS) - July 2024 Price Update - 7.30% Breakout Crypto News and Analysis

Spot the Main Event:

Gains Network, known for its flagship leverage trading platform gTrade, announces a significant update to its tokenomics model. This update, which introduces a buyback and distribute mechanism for the $GNS token, marks a pivotal moment in Gains Network’s evolution. It represents a more intentional approach towards long-term value creation and retention — aiming to improve incentive alignment and position the protocol for sustainable growth.

Student

Spot the Main Event:

Gains Network is excited to announce a pivotal update to its tokenomics: v9.1; Buyback and Distribute (BB&D). This will be a fundamental change for $GNS holders, as well as for ecosystem-wide value retention. Here’s what you need to know

Student

Spot the Main Event:

Gains Network is excited to announce a pivotal update to its tokenomics: v9.1; Buyback and Distribute (BB&D). This will be a fundamental change for $GNS holders, as well as for ecosystem-wide value retention. Briefly going over how Buyback and Distribute (BB&D) is aiming to solve this. - Rewards for staking will now be distributed in $GNS (bought back using the underlying collaterals, not minted). This creates a shift in that the value is now by default retained in the ecosystem, as well as in that the UX now favors compounding over simply harvesting non-GNS tokens. - A new OTC mechanism will be in place that immediately makes the revenue in collaterals available to be bought by selling $GNS. The rate is determined by 1h TWAP + a premium to ensure a reliable arbitrage opportunity.

Trade hard. Joy is coming

Spot the Main Event:

Gains Network, known for its flagship leverage trading platform gTrade, announces a significant update to its tokenomics model. This update, which introduces a buyback and distribute mechanism for the $GNS token, marks a pivotal moment in Gains Network’s evolution. It represents a more intentional approach towards long-term value creation and retention — aiming to improve incentive alignment and position the protocol for sustainable growth.

To God be the Glory

Spot the Main Event:

Gains Network, known for its flagship leverage trading platform gTrade, announces a significant update to its tokenomics model. This update, which introduces a buyback and distribute mechanism for the $GNS token, marks a pivotal moment in Gains Network’s evolution. It represents a more intentional approach towards long-term value creation and retention — aiming to improve incentive alignment and position the protocol for sustainable growth.The buyback mechanism will create consistent buy pressure on the market. Based on 2024 data from gTrade, this could result in nearly 4 million $GNS tokens being bought throughout the year. This sustained demand has the potential to positively influence the token’s market dynamics.

Student, Crypto Enthusiast

Spot the Main Event:

The Gains network announcement of an important update to its tokenomics featuring an improved reward system through a buyback mechanism has resonated soundly with investors, garnering interest and increased liquidity flow into the ecosystem. The new addition is set to have an ecosystem wise impact on the Gains platform and has the following potential benefits. * Revenue will be encouraged to remain within the ecosystem. * The increased flow of revenue to the governance fund will vastly improve growth opportunities and flexibility, enabling the protocol to invest in campaigns, talent, partnerships, and more. * Because $GNS is being bought back, a new source of consistent and sustained buy pressure is introduced. * Arbitrage opportunities during market downturns have the potential to contribute to a more stable price floor for $GNS. * The dynamic approach lets the protocol adjust the distribution based on market conditions.

Spot the Main Event:

Today,12th of July,2024. Gains network announced a pivotal update to its tokenomics: v9.1; Buyback and Distribute (BB&D). This will be a fundamental change for $GNS holders, as well as for ecosystem-wide value retention. What are the benefits? Revenue will be encouraged to remain within the ecosystem. The increased flow of revenue to the governance fund will vastly improve growth opportunities and flexibility, enabling the protocol to invest in campaigns, talent, partnerships, and more.  Because $GNS is being bought back, a new source of consistent and sustained buy pressure is introduced.  Arbitrage opportunities during market downturns have the potential to contribute to a more stable price floor for $GNS.  The dynamic approach lets the protocol adjust the distribution based on market conditions. This update boost the integrity of the Gains network compelling new investors into their ecosystem, hereby spiking it price.

Cute, funny and a little bit crazy!!!

Spot the Main Event:

Gains Network is excited to announce a pivotal update to its tokenomics: v9.1; Buyback and Distribute (BB&D). This will be a fundamental change for $GNS holders, as well as for ecosystem-wide value retention. Over 60% of the direct revenue from fees is distributed to $GNS stakeholders in 3 different collaterals ($DAI, $USDC, $WETH). The approach of distributing revenue in tokens other than $GNS fails to retain value within the Gains Network ecosystem, and makes the UX for compounding secondary to that of simply harvesting the revenue. The governance fund currently can not accumulate $GNS at a sustained pace, and holds less than 0.5% of the token supply for the protocol it’s governing. This severely constrains the protocol’s ability to grow, invest in marketing. Let’s briefly go over how Buyback and Distribute (BB&D) is aiming to solve this. - Rewards for staking will now be distributed in $GNS (bought back using the underlying collaterals, not minted). This creates a shift in that the value is now by default retained in the ecosystem, as well as in that the UX now favors compounding over simply harvesting non-GNS tokens. - A new OTC mechanism will be in place that immediately makes the revenue in collaterals available to be bought by selling $GNS. The rate is determined by 1h TWAP + a premium to ensure a reliable arbitrage opportunity. - The revenue distribution is flexible, and can be sent to: $GNS stakers, the governance fund, and/or the burn address. The exact distribution can change based on market conditions. The initial distribution will be: 90% $GNS stakers, 10% governance fund. Impact of Buyback & Distribute: * Revenue will be encouraged to remain within the ecosystem. * The increased flow of revenue to the governance fund will vastly improve growth opportunities and flexibility, enabling the protocol to invest in campaigns, talent, partnerships, and more. * Because $GNS is being bought back, a new source of consistent and sustained buy pressure is introduced. * Arbitrage opportunities during market downturns have the potential to contribute to a more stable price floor for $GNS. * The dynamic approach lets the protocol adjust the distribution based on market conditions. Further improvements and closing thoughts: * A compound button will be implemented in 2 weeks (yes, literally 2 weeks). *  Mechanisms to reward long-term holders will be implemented to further align stakeholders with the long-term success of the protocol. * The BB&D update has been developed with community discussions, ideas, and feedback playing a large role. As these changes are implemented, community feedback and engagement will continue to play a crucial role in refining and optimizing the model, as the ecosystem control will gradually be transitioned to token holders, enabling the community to shape the future of Gains Network.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.