Gains Network is the creator of the decentralized leveraged trading platform gTrade and is a project working on developing an innovative DeFi ecosystem of offerings across Polygon and Arbitrum networks. Its maiden venture gTrade is a highly liquid, robust, and user-friendly platform with advanced trading capabilities.

Gain Networks gTrade offers high capital efficiency thanks to its low trading fees and wide range of leverages and trading pairs on offer. The DeFi protocol offers up to 100x leverages on cryptos, 1000x on forex, 50x on stocks, and 35x leverage on indices.

The developers behind the project envision gTrade to become the markets largest decentralized leveraged trading platform. The eventual goal is to make Gains Network a decentralized autonomous organization (DAO) that manages the operations of gTrade in a decentralized and democratized manner.

GNS is the utility token of the Gains Network ecosystem, an ERC-20 token issued on Polygon and Arbitrum. GNS helps improve the liquidity efficiency of the gTrade platform by minting rewards. In the future, it will also serve as the governance token of Gains Network, letting holders enjoy voting rights and contribute their thoughts on the future evolution of the ecosystem.

gTrade allows traders to open positions using DAI as collateral, irrespective of the trading pair. It leverages a uniquely designed synthetic architecture to offer competitive trading fees and high leverages across financial instruments in the market.

The DAI vault and the GNS token back the synthetic leverage. Traders receive PnL payments if their trades are positive from this DAI vault, while the vault receives $DAI in the event of negative PnL.

Gains Networks gTrade platform depends on a custom real-time Chainlink decentralized oracle network for receiving the accurate median price of each trade order. Using Chainlinks nodes eliminates possibly manipulative price data and protects traders from liquidating their positions due to scam wicks.

In addition to the $GNS token, Gains Network has also issued GNS NFTs, ERC-721 tokens, that function as master keys within its ecosystem. NFT holders enjoy unique benefits, such as reduced trading spread, running bots to execute liquidations and limit orders to earn rewards, boosting staking rewards, and more.

Gains Network released gTrade v2, originally called GfarmV2, in January 2021 after fixing a critical vulnerability. In the same month, the developers introduced the concept of their very own NFT exchange with a bidding system, which went live in February 2021.

gTrade launched on the Polygon mainnet in April 2021 and started using Chainlink to power its decentralized leveraged trading in August. In October 2021, the project rebranded to Gains Network, and the GNS token was rebranded to Gains Token.

Gains Network released v6 of the gTrade platform in January 2022, with optimized gas and logic, more integrations and partnerships, more asset classes, and the release of its open-source website. In March 2022, Gains Network announced a bug bounty program in collaboration with Immunefi to find bugs and earn up to $100,000 in rewards.

gTrade listed the first set of 23 stocks on its platform in May 2022, offering up to 150x leverage to trade them. In August 2022, the platform announced its GNS staking program and the option to stake GNS NFTs to earn more rewards.

Gains Network is an interesting token to invest in, especially if you believe in the potential of decentralized finance (DeFi). As the native token of a decentralized leverage trading platform, an uptick in adoption and adding new features and instruments on gTrade could power bullish moves in the GNS price.

The Gains Network price could increase as developers announce more integrations and partnerships or receive new investments to grow its ecosystem. Adding new trading pairs and offering higher leverage could also make the platform more attractive for advanced traders, driving up the demand for the GNS crypto and supporting the GNS price statistics.

Positive sentiment in the crypto market and towards DeFi, in particular, can also play an essential role in driving the price of GNS. When there is higher interest in the DeFi market, investor confidence in tokens like GNS also boosts and supports the value of Gains Network crypto.

Although it is impossible to offer an accurate GNS price prediction over any duration, there are several fundamentals to monitor that can drive the most price action and volatility in GNS. These include:

Level of Adoption

As more users sign up to use the gTrade platform, the demand for and value of GNS token could increase. This could also happen when Gains Network introduces more trading pairs or announces higher leverage on supported pairs.

Future Developments

When Gains Networks developers introduce more features that make gTrade easier and more attractive, investor confidence improves, and there is a higher demand to buy and hold GNS tokens. The price of GNS cryptocurrency could also increase as Gains Network expands to more blockchain networks, announces new partnerships and integrations, and receives new investments in the project.

Use Cases

Future developments of the Gains Network ecosystem could also increase the utility and value of GNS token. As the token turns more versatile, especially after the platform announces governance functions, the price of Gains Network token could strengthen further.

Market Outlook

A favorable outlook toward digital assets in general and DeFi, in particular, can also drive significant volatility in the GNS token. Bullish or risk-on sentiment among investors can drive up the price of GNS crypto. However, a bearish or risk-averse mood could cause sell-offs that weaken the Gains Network price in the market.

GNS is the native utility token of the Gains Network ecosystem and has the following use cases:

Utility Token

GNS supports the liquidity efficiency of gTrades DAI vault. It is used for minting rewards for NFT bots and affiliates, reducing vault drawdowns, and increasing the overall stability of the platform, supporting its over-collateralization mechanism.

Backstop on Winning Trades

Traders who place winning trades on gTrade can mint GNS to re-collateralize the gDAI vault. In this manner, it ensures further stability of the protocol.

Staking

Token holders can stake GNS on gTrade to earn DAI as rewards from the trading fees generated by the platform. In this manner, GNS is an incentive token to engage the Gains Network community.

Crypto Asset to Trade and HODL

Trade Gains Network against other cryptos in the market to profit from changing volatility and price action. You can buy or sell GNS against other digital assets or hold it long-term if you believe in the future potential of Gains Network.

In addition to the GNS token, Gains Network also issues and uses GNS NFTs - ERC-721 non-fungible tokens, which serve as master keys to its ecosystem. These NFTs offer real DeFi use cases, unlocking exclusive benefits within the platform.

GNS NFTs have five levels of increasing value and benefits - Bronze, Silver, Gold, Platinum, and Diamond. Holding these NFTs in their trading wallets lets users enjoy reduced trading spreads.

In addition, they can also run bots to automate liquidations and limit order executions. GNS NFTs also allow their holders to earn higher staking rewards when they stake a minimum of three NFTs.

Staking GNS on Gains Network can offer exciting rewards and is a convenient way to grow your crypto holdings. Heres how you can stake $GNS on Gains Network.

1. Open the Gains Network app and connect your wallet to it. Ensure that your wallet is sufficiently funded by buying GNS on BYDFi or other supported platforms and withdrawing your tokens to your wallet.

2. Head to the Staking section of the app and review the available staking pools.

3. Select the staking pool of your choice after reviewing the APRs and other benefits.

4. Enter the number of GNS tokens you wish to stake and confirm the transaction using your wallet.

5. Sit back, earn DAI from the trading fees generated by the platform, and grow your crypto portfolio by staking GNS.