On July 12, 2024, at precisely 18:18 UTC, Gains Network (GNS) experienced a significant breakout, surging by 7.30% to reach a price of $3.37. This price movement has captivated the crypto community, as Gains Network continues to solidify its position in the decentralized finance (DeFi) space. The Gains Network platform, known for its innovative leveraged trading solutions and robust ecosystem, has been making headlines with its recent developments. Let's dive into the factors that have fueled this impressive breakout. The Gains Network (GNS) has experienced a significant breakout, with its price surging by 7.30% to reach $3.367696342997368 on July 12, 2024. This remarkable performance can be attributed to several key factors that have enhanced the platform's market position and investor confidence. Let's delve into these reasons and the corresponding visual evidence that supports them, formatted for readability and engagement using Markdown:
New partnerships and collaborations announced: The Gains Network has recently announced several new partnerships with major industry players, enhancing its ecosystem and market position.
Communitydriven governance updates: The introduction of communitydriven governance mechanisms has increased stakeholder engagement and decisionmaking influence.
Significant technological upgrades: Recent technological upgrades to the platform have improved performance and user experience, attracting more users.
Enhanced security features: The implementation of enhanced security features has bolstered user confidence and trust in the platform.
Introduction of staking rewards: The new staking rewards program offers attractive incentives, encouraging longterm holding and ecosystem participation.
These developments have collectively contributed to the recent price surge of GNS. The Gains Network's innovative approach to decentralized finance (DeFi) and its commitment to continuous improvement and community engagement have positioned it as a promising player in the cryptocurrency market. The platform's flexibility, technological advancements, and strategic partnerships are likely to drive further growth and adoption in the future. In conclusion, Gains Network's recent breakout can be attributed to a combination of strategic partnerships, communitydriven governance updates, technological advancements, enhanced security features, and the introduction of staking rewards. These developments have not only bolstered user confidence but also attracted new investors to the ecosystem. As Gains Network continues to innovate and expand its offerings, it is crucial for investors to conduct thorough research (DYOR) to navigate the complexities of the cryptocurrency market effectively.
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Explore the Core.
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.
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.
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Aliu adinoyiStudent
Explore the Core.
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform 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.
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
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kabiru adinoyiStudent
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. 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.
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.
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Abdulazeez MuhammadExplore the Core.
Gains Network is developing gTrade, a decentralized leveraged trading platform that aims to be capital-efficient, powerful, and user-friendly. The platform offers leverages up to 150x on cryptocurrencies, 1000x on forex, 100x on stocks, and 35x on indices. The GNS token is the utility token of the Gains Network ecosystem. It is designed to be actively used within the platform, allowing for revenue capture and governance. GNS holders can earn platform fees through single-sided staking, and NFT holders get reduced spreads and boosted rewards. Gains Network's long-term vision is to become a decentralized autonomous organization (DAO) governed by the GNS token, with the goal of creating more DeFi products that generate revenue for GNS holders. The project has also launched NFTs with different tiers that offer various benefits to holders, such as reduced trading fees.
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.
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Oluwatosin BamideleTrade hard. Joy is coming
Explore the Core.
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.
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.
📸 Show Us What You Found:
GLORIA OLUWAFERANMITo God be the Glory
Explore the Core.
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.
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.
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Kola LashStudent, Crypto Enthusiast
Explore the Core.
Gains Network is an innovative synthetic derivatives platform operating on the Polygon and Arbitrum blockchains. The core offering of Gains Network is gTrade, an oracle-based perpetual futures exchange. It allows users to trade various asset classes, including cryptocurrencies, stocks, forex, indices, and commodities. The Gains Network platform enables users to earn rewards and access a range of financial services, including decentralized lending, yield farming, and staking. Additionally, GNS tokens serve as a governance mechanism, allowing holders to participate in the decision-making process for platform upgrades and changes. Overall, Gains Network aims to empower individuals by providing them with greater control over their financial assets and opportunities for growth within the rapidly evolving DeFi landscape.
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.
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Abdullahi Saleh SaiduCute, funny and a little bit crazy!!!
Explore the Core.
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.
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.
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Overview
Gains Network is a decentralized platform that aims to revolutionize trading, borrowing, and lending of synthetic representations of realworld assets. The project leverages the Gains Network Protocol, an opensource framework deployable across various blockchain networks, ensuring broad accessibility. The platform's standout feature is gTrade, a decentralized leveraged trading platform offering unprecedented leverage options across multiple asset classes. Gains Network's mission is to become the most adopted decentralized leveraged trading platform and transition into a DAO governed by its utility token, GNS.
Key Features
Technological Innovations
Gains Network Protocol: Opensource framework for deployment on multiple blockchains. gTrade Platform: Liquidityefficient, userfriendly leveraged trading platform. Synthetic Architecture: Enables capital efficiency, low trading fees, and a wide range of leverage options.
Use Cases
Leveraged Trading: Up to 150x on cryptocurrencies, 1000x on forex, 100x on stocks, and 35x on indices. SingleSided Staking: GNS holders earn platform fees. NFT Utility: Reduced spreads, boosted rewards, and automated trading bots for limit orders and liquidations.
Recent Developments
Tokenomics Update (v9.1): Introduction of the Buyback and Distribute (BB&D) model. Partnerships: Integration proposals with GMX and Kwenta to enhance liquidity and user experience. Community Grants Program: Financial support for innovative projects within the gTrade ecosystem. Arbitrum STIPBridge Program: Distribution of 2.25 million $ARB over 11 weeks. UX Improvements: Enhanced user experience with the latest v9 release.
Market Impact
Demand and User Adoption: The introduction of high leverage options and low fees is likely to attract a broad user base, increasing demand for GNS tokens. Liquidity and Trading Volume: Partnerships with GMX and Kwenta are expected to boost liquidity and trading volume on the platform. Token Value: The BB&D model aims to retain value within the ecosystem, potentially leading to a more stable and appreciating GNS token.
Risks and Opportunities
Risks
Leveraged Trading Risks: High leverage options can lead to significant losses. Smart Contract Vulnerabilities: Potential security risks inherent in smart contractbased platforms. Market Volatility: The value of synthetic assets and GNS tokens can be highly volatile.
Opportunities
Innovative DeFi Solutions: Gains Network's unique approach to leveraged trading and synthetic assets presents significant growth potential. Community Governance: Transition to a DAO offers opportunities for communitydriven development and decisionmaking. Expansion of Asset Classes: Potential to introduce new leverage options and tradable assets.
Community Engagement
Active Community: High levels of activity and engagement across Telegram, Discord, and Twitter. Community Grants Program: Encourages innovation and integration within the ecosystem. Feedback and Development: Community feedback plays a crucial role in refining and optimizing the platform.
Conclusion
Gains Network presents a compelling opportunity for traders and investors with its innovative approach to decentralized leveraged trading. The platform's unique features, recent developments, and active community support position it well for future growth. However, potential investors should consider the inherent risks of leveraged trading and smart contract vulnerabilities. Overall, Gains Network's strong market presence and continuous innovation make it a noteworthy project in the DeFi space.
Considerations for Traders: High Leverage Options: Attractive for experienced traders looking for significant profit potential. CommunityDriven Development: Active participation in governance can influence the platform's future. Innovative Tokenomics: The BB&D model may provide more consistent and sustainable rewards.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.