Gains Network (GNS) is a decentralized derivatives trading platform built on the Polygon network and expanding to other decentralized networks. It offers leveraged trading with up to 150x leverage on cryptocurrencies and stocks and up to 1000x on forex. The platform operates on synthetic assets and a decentralized lending protocol, saving users loan fees. The GNS token is the native token, supporting the financial system and enabling DAO voting when the decentralized government goes live. It also incentivizes liquidity pools and has a deflationary mechanism through token burning and minting.
Gains Network (GNS) is a decentralized finance (DeFi) project that offers a leveraged trading platform called gTrade. The GNS token is the native token of the platform and serves several purposes:
Utility Token: GNS is used to support the liquidity efficiency of the DAI vault and serves as a backstop for traders. It also helps in recollateralizing the gDAI vault.
Governance: GNS token holders will play a crucial role in the decentralized autonomous organization (DAO) that the platform is transitioning towards. They will be able to stake their tokens to receive veGNS, which can be used to vote on proposals.
Liquidity Incentives: GNS is used to incentivize liquidity providers in the GNS/DAI pool, which supports the DAI vault and provides liquidity for traders. This pool currently holds over $5 million worth of locked assets.
NFT Benefits: Gains Network has issued 1500 NFTs that can be used on the platform. These NFTs provide benefits such as reduced spreads and boosted staking rewards, depending on the category of NFT held.
Reward Mechanisms: GNS is used to reward users through various mechanisms, including the DAI vault and liquidity pools. Users can earn DAI rewards and GNS tokens by participating in these pools.
Trading: GNS can be traded on major exchanges like MEXC Global and Binance, allowing users to buy and sell the token.
Overall, the GNS token is integral to the functioning of the Gains Network ecosystem, supporting its financial system, governance, and liquidity management.
To store Gains Network (GNS) tokens, you have several options:
Binance:
- You can store your GNS tokens in your personal crypto wallet or hold them in your Binance account.
KuCoin:
- You can store GNS in your KuCoin account or transfer them to non-custodial wallets for added security.
Cold Wallets:
- The safest way to store your GNS tokens is by using "Cold Wallets," which are offline wallets that provide maximum security against hacking and other online threats.
These options ensure the secure storage of your GNS tokens, allowing you to manage and utilize them as needed within the Gains Network ecosystem.
To buy Gains Network (GNS) tokens, follow these steps:
Choose a Platform: Select a reputable cryptocurrency exchange such as MEXC, KuCoin, Binance, or CoinCarp. Each platform offers different methods to purchase GNS tokens.
Create an Account: Register for a free account on the chosen exchange's website or mobile app. Verify your identification as required by the exchange.
Deposit Funds: Add a payment method such as a credit card, debit card, or bank transfer to deposit fiat currency into your exchange account.
Buy GNS: Navigate to the GNS token page on the exchange and select the desired payment method. You can buy GNS directly with fiat currency or first purchase a stablecoin like USDT and then use it to buy GNS.
Store GNS: Once purchased, you can store your GNS tokens in the exchange's wallet or transfer them to a non-custodial wallet for added security.
For detailed instructions, refer to the specific exchange's guide:
- MEXC: Click on the "Buy Crypto" link and follow the prompts.
- KuCoin: Create an account, secure and verify it, then add a payment method and buy GNS.
- Binance: Register, choose a payment method, and buy GNS with USD or other supported currencies.
- CoinCarp: Follow the step-by-step guide on the CoinCarp website.