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

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.

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

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.

Explore 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.

To 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.

Student, 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.

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.