ecosystem: News of Gains Network (GNS) - June 2024 Price Update - 10.81% Breakout Crypto News and Analysis

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Exciting announcement! Team announcing their gains community giants Program. Here by bringing more builders and developers to the ecosystem.

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The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.

Full stack developer and a block chain specialist.

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Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform. Our uniquely designed synthetic architecture 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 cryptos, 1000x on forex, 100x on stocks, and 35x on indices. The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations. Long-term vision gTrade becomes the most adopted decentralized leveraged trading platform. Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS). Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool. Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.

Owojori

Explore the Core.

The project Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform. Our uniquely designed synthetic architecture 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 cryptos, 1000x on forex, 100x on stocks, and 35x on indices. The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations. Long-term vision gTrade becomes the most adopted decentralized leveraged trading platform. Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS). Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool. Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.

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Building the Future of Gains Network: Announcing the Gains Community Grants Program. gTrade is excited to announce the Gains Community Grants Program (GCGP-Bridge) with 112,500 $ARB from the Arbitrum STIP-Bridge program, which gTrade is honored to be a part of, ready to support innovative projects to build on the gTrade platform. The Gains Community Grants Program (GCGP) is gTrade’s initiative designed to foster innovation and integration with gTrade by providing financial support to projects that build upon or integrate with the platform. The Arbitrum Bridge STIP grants will kick off this initiative. The GCGP-Bridge grant program aims to: * Encourage trading innovation by financially supporting third-party protocols to build on gTrade. * Increase composability and capital efficiency in the DeFi ecosystem by encouraging yield farming and money market integration with gTrade’s liquidity vaults. * Bring new, interesting use cases to the Arbitrum and Gains Network ecosystems. The GCGP-Bridge grant program comes at a perfect time as gTrade has just released its groundbreaking v8 update. This important technical milestone allows smart contracts to directly interact with trading contracts, enabling new use cases and integrations. Prior to v8, developers have been limited when it comes to integrating with the trading contracts, meaning that transactions had to directly call gTrade functions. It is now possible for other functions to include gTrade contracts within their call stack. Equally important, the v8 update also introduces a complete refactor of the codebase, including Natspec documentation and other developer-dedicated resources. The refactor’s inherent separation of concerns makes it easier for developers to navigate and understand the protocol’s structure.

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Gains Network is a decentralized platform that revolutionizes the way trading, borrowing, and lending of synthetic representations of real-world assets are conducted. At its core, it utilizes the Gains Network Protocol, which is an open-source framework allowing for the deployment on various blockchain networks. This flexibility ensures that a wide range of users can access its services through different third-party wallet applications or network node clients. The platform's standout feature is gTrade, a decentralized leveraged trading platform that is both liquidity-efficient and user-friendly. gTrade supports trading across multiple asset classes, including cryptocurrencies, stocks, forex, indices, and commodities, with leverage options that are unprecedented in the decentralized finance (DeFi) space. Traders can engage in leveraged trading with ratios as high as 150x for cryptocurrencies, 1000x for forex, 100x for stocks, and 35x for indices. This wide range of leverage options is made possible through an oracle-based perpetual futures exchange mechanism. Gains Network is also distinguished by its use of two types of utility tokens: ERC20 and ERC721. These tokens play a crucial role in the ecosystem, serving multiple functions such as paying for platform fees, participating in governance, and capturing revenue. The ERC20 utility token, in particular, is integral for staking, where holders can receive platform fees, and for the burning mechanism that uses platform revenue. Meanwhile, the ERC721 utility tokens, or NFTs, offer holders benefits like reduced spreads and enhanced rewards. These NFTs also enable functionalities such as executing limit orders and managing liquidations

To God be the Glory

Explore the Core.

Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform. The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.

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Explore the Core.

Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform. Our uniquely designed synthetic architecture 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 cryptos, 1000x on forex, 100x on stocks, and 35x on indices. The protocol revolves around the ecosystem's ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations. Long-term vision gTrade becomes the most adopted decentralized leveraged trading platform. Gains Network becomes a DAO governed by the $GNS token (or a derivative like $veGNS). Its only goal is to create great DeFi products that bring revenue that can be distributed in a $GNS staking pool. Development scales horizontally, any team can create governance proposals to receive funding from the governance and create cutting-edge products that bring revenue to $GNS holders.

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