On February 17, 2023, the Biannce exchange announced the listing of GNS tokens of the Gains Network task. So what is Gains Network? Let’s come across out much more about this task with Coinlive by the posting beneath!
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Get an overview of the network
What is the Earnings Network?
The Gains Network task is 1 of the derivatives trading tasks created on the Polygon layer-two blockchain and now it has expanded to the Arbitrum blockchain. Thanks to this, in current instances, Gains Network has also attracted a big quantity of customers.
The highlight of the Gains Network task is that it has created an integrated architecture to help the gTrade performance of the task and aid customers handle their capital and assets much more effectively than any other platform. More particularly, with this characteristic, customers will conserve rather a bit on transaction expenses, they can maximize leverage when trading up to:
- 150x when trading cryptocurrencies
- one thousand instances when trading in foreign exchange
- one hundred instances when it comes to titles
- 35 instances when trading commodities.
According to the information of Dune analysisgTrade now has much more than eleven,000 each day lively customers and a complete trading volume of up to $28 billion, earning $twenty million in transaction charges.
Earn network objectives
Gains Network aims to come to be a decentralized trading platform that will capture the biggest market place share in the potential. Also, the task desires to come to be much more decentralized and at the similar time can use GNS (or veGNS) tokens for management. The revenue from the task will be distributed equally amid the staking pools.
Additionally, Gains Network intends to increase much more horizontally so that every person has the chance to offer you suggestions and options to maximize Gains Network’s income. If the option is sensible, the task will obtain funding.
In the potential, Gains Network might build and increase into parts this kind of as casino and metaverse.
Features of Gains Network
Compared to other crypto derivatives platforms, Gains Network excels in obtaining better decentralization, greater leverage, and reduce charges.
Gain Network developed the gTrade platform, the heart of the whole task ecosystem, and has an effective DAI vault management model to aid the whole ecosystem increase.
Mechanism of action
Once a consumer initiates a trade, orders will be distributed on DAI stablecoin collateral for any trading pair. The consumer will then obtain the gDAI token, which is evidence of the promised unique DAI. Not only that, when gDAI is held, customers will also appreciate a portion of revenue from other traders’ transaction charges.
When employing leverage, it employs synthetic assets and is backed by DAI vault and GNS tokens. DAI is taken from the vault to spend traders revenue (if constructive) or to recover DAI from trades in which their index is detrimental.
The greatest big difference of Gains Network from other derivatives exchanges is the application of Decentralized Oracle Network (DON), a decentralized Oracle network to help all transactions that come about on-chain. Therefore, with DON, customers only will need to connect a basic wallet to commence trading on the gTrade platform. The trader’s capital stays in his wallet and only moves with the permission of the wallet proprietor. The asset rates on the platform are powered by a modified edition of Chainlink’s Decentralized Oracle Network (DON).
Staking pool template
This is a 2nd model of the Gains Network task, but it is also a vital model to help the liquidity of the whole ecosystem. With a staking pool, customers can obtain curiosity in DAI tokens.
Bridge
This is a characteristic that lets customers to move their assets (together with tokens and NFTs) amongst the two Arbitrum and Polygon blockchains flexibly without the need of the will need for a third get together.
Earn Network Tokenomics
GNS Token specification
- Token Name: Earn Network Tokens
- Tickers: GN extension
- Blockchains: Ethereum
- Standard Tokens: ERC-twenty
- To contract:
- Polygon: 0xe5417af564e4bfda1c483642db72007871397896
- Referee: 0x18c11fd286c5ec11c3b683caa813b77f5163a122
- Type of token: Administration
- Power cap: one hundred,000,000 GNS
- Total provide: thirty,291,000 GNS
- Initial provide: 38,500.00 GNS
The key use of tokens
The GNS token is a token that supports the whole infrastructure of the 1st gTrade characteristic in the Gains Network task. The GNS token serves as an successful liquidity help mechanism to aid the task have the finest trading working experience and produce satisfactory revenue for the task suite token ecosystem participants. Especially in the potential, the task will be much more deflated.
Use instances for GNS tokens:
As anticipated by the Gains Network task, the GNS token is a native token in the task ecosystem, and is utilized as a retailer of worth, and will perform lots of roles in the potential as the task grows much more and much more. DAO.
The GNS token supports liquidity constructing in the DAI vault by issuing rewards to these who give liquidity for the GNS/DAI trading pair, NFT bots or affiliates. This assists make stability for the DAI vault by limiting withdrawals and growing the collateral volume for DAI.
However, for customers, the GNS token has a quantity of direct employs as follows:
- Pay transaction charges on the gTrade decentralized trading platform.
- Trade, invest in and promote GNS with every single other on cryptocurrency exchange platforms.
- Use GNS in Staking system and get rewards.
Project growth roadmap
Phase one (early 2022): Gains Network focuses on stabilizing and producing the trading system. During this phase, the task focuses on the growth of tradable assets this kind of as cryptocurrencies, foreign exchange, commodities, indices. At the similar time, the task also develops a secure infrastructure so that customers can stably borrow and home loan on the platform and have a minimal transaction charge. Also, at this stage, the task focuses on protection and UI/UX to aid customers have a much better working experience.
Phase two (late 2022 – early 2023): During this time period, Gains Network will target much more on expanding and stabilizing characteristics across the ecosystem, this kind of as updating characteristics for Vault this kind of as:
- Allows staking of other kinds of assets in the treasury
- It lets trading and acquiring revenue with other collateral.
This characteristic lets you to increase your liquidity on the platform.
Additionally, Gains Network expanded their marketing and advertising and partnership for the duration of this time.
Earn network task growth group
Updating…
A quick overview of the Gains Network task
Compared to all DeFi merchandise and specifically in the derivatives section, the Gains Network task is 1 of the most finish and horizontal growth tasks offered currently. Because the project’s trading assets are reasonably several from cryptocurrencies, foreign exchange, commodities, stocks, indices. Also, the trading leverage can go up to 1000x which is a challenging issue for most decentralized exchanges at the second. Not only that, the transaction charges are reasonably more affordable than most other decentralized exchanges.
Regarding the probable of the task, it can be mentioned that, at existing, the tendency of customers beginning to use the gTrade characteristic of Gains Network is greater when the trading volume increases. This usually means that the Vault worth and GNS token of the task will have some constructive influence in the close to potential.
In standard, the market place share of customers interested in cryptocurrencies and foreign exchange on gTrade accounts for the biggest share in contrast to the rest of the project’s merchandise. What’s much more specific is that when the task integrates with Arbitrum, most of the customers switch to the Arbitrum network to execute trading orders. This displays that most of the customers are focusing on Arbitrum routines to have the chance to obtain airdrops in the close to potential.
The DAI vault is an critical and basic mechanism in the ecosystem. Much of the worth locked in Aribtrum and Polygon is uneven as Arbitrum is a new blockchain and has no token but, so customers want to come across airdrop options like these. However, gDAI is an asset secured by an extra home loan of much more than one hundred%, so the protection is also relatively assured. Also, in accordance to the mechanism of action outlined over, the gDAI worth will maximize in excess of time.
So it can be observed that this is a reasonably probable task in contrast to its rival, GMX, when all the indicators of the task this kind of as TVL, complete transaction volume and transaction charges are reduce than these of GMX, but the transaction volume is equivalent. However, there are lots of other things to think about when generating an investment choice, so this is not investment suggestions. Please refer to it!
summary
Through the over posting, you ought to have by some means grasped the essential info about the task to make your investment selections. Coinlive is not accountable for any of your investment selections. I want you accomplishment and earn a great deal from this probable market place.