Gains Network to Hold Live Stream on YouTube on June 29th
Gains Network will host an AMA on YouTube on June 29th.
Refer to the official tweet by GNS:
gTrade | Gains Network 🍏@GainsNetwork_ioTháng 6 24, 2024📺 Tune in to the latest episode of the Super Mega Streaming Show!
🗣 This week: gTrade updates, buzz around $ZK and $ZRO airdrops, new tokens on Ethereum and Solana. Plus, the world debut of Brian's new song.
Join us every Saturday at 9pm CET!https://t.co/u6I3HjIRgS
GNS Info
Gains Network is a multi-functional DeFi ecosystem that includes multiple products on Polygon and Arbitrum networks. A special feature of the ecosystem is gTrade — a decentralized platform for leveraged trading. By leveraging a uniquely designed synthetic architecture, gTrade aims to be more capital efficient than any existing platform and provides low trading fees along with a wide range of leverages and pairs, including up to 150x on cryptocurrencies and 1000x on forex.
The operation of the Gains Network protocol relies on its ERC-20 utility token, GNS, and ERC721 utility tokens or NFTs. These tokens are designed for active use within the platform and allow for protocol ownership through revenue capture and governance. Important features of the protocol include single-sided staking for GNS holders to receive platform fees, a deflationary mechanism where GNS is burned using platform revenue, and benefits for NFT holders such as reduced spread and increased rewards.
The GNS token, as the native token of Gains Network, has multiple use cases. GNS stakers can accrue platform fees, contributing to a form of passive income. Furthermore, a deflationary mechanism is in place, where GNS tokens are burned when the DAI Vault becomes over-collateralized, therefore controlling the supply of the token and potentially increasing its value.