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

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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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GNS is the utility token of the Gains Network. It is an ERC20 standard token

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Gains Network: Unveiling Confidential Transactions on Blockchain Gains Network tackles a significant hurdle in the world of decentralized finance (DeFi): limited privacy for smart contract computations. Let's delve into its core concept: Problems Addressed: Transparent Smart Contracts: Traditional smart contracts execute code openly on the blockchain, potentially exposing sensitive data involved in the contract's execution. This is a major concern for tasks requiring confidentiality, such as financial transactions or medical record analysis. Limited Scalability: Performing complex computations directly on the blockchain can be resource-intensive and slow down the entire network. Gains Network's Solution: Privacy-Preserving Computation: Gains utilizes a unique architecture that separates computation from verification on the blockchain. Workers: A network of off-chain computing nodes (potentially user devices) with Trusted Execution Environments (TEEs) handle the actual calculations. TEEs are secure enclaves within processors that protect data confidentiality even while processing it. Gateways: These on-chain blockchain nodes verify the integrity of the computations performed by workers without ever seeing the actual data itself. This ensures the computations were completed correctly without compromising data privacy. Gains Network Token (GNS): This native token fuels the Gains Network. Users pay GNS to utilize the network's confidential computing power, while workers and validators earn GNS for contributing resources. Innovative Use Cases: Confidential AI and Machine Learning: Data scientists and companies can leverage Gains to train AI models on sensitive datasets without compromising privacy. This opens doors for advancements in healthcare, finance, and other sectors where data privacy is paramount. Secure Decentralized Applications (dApps): Developers can create dApps that process confidential data securely, enabling new applications in areas like identity management, secure voting systems, and private messaging. Decentralized Cloud Storage: By leveraging TEEs, Gains can offer secure and private cloud storage solutions, allowing users to control their data and prevent unauthorized access. Here are some additional considerations: Project Maturity: Gains Network is a relatively young project with a complex technical architecture. Scalability and Efficiency: Achieving scalability and maintaining efficient computation while preserving privacy remains an ongoing challenge. Network Adoption: Attracting a substantial user base (both those seeking confidential computing and workers providing resources) is crucial for network functionality. Regulations and Security: TEE technology and its integration with blockchain raise regulatory and security considerations that need to be addressed.

Cute, funny and a little bit crazy!!!

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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.

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