What is Gains Network (GNS)?

Gains Network (GNS) is a decentralized trading platform where the users can trade cryptos and forex with leverage. Leverage refers to utilizing borrowed capital to trade cryptocurrencies or other financial assets. According to its whitepaper, theplatform aims to create a decentralized finance ecosystem of the future. Gains Network launched their first decentralized leverage trading platform on Polygon (Matic) blockchain, i.e., gTrade. The network claims that the unique architecture of gTrade makes it more capital efficient than competitors' platforms.

The Gains network intends to offer reward pools for its users. The stable vault assures a seamless trading experience for users, provides resilience to the system, and boosts the network's capital efficiency. The two reward pools offered by Gains Network are as follows:

DAI Vault: Anyone can stake DAI in the vault and earn DAI rewards based on the platform's volume.

GNS/DAI Pool: The user can access this pool only on the Polygon (Matic) mainnet and gets GNS rewards and dQUICK rewards for staking their LPs. dQUICK, often known as "Dragon's Quick," is the asset obtained by depositing Quick tokens into the staking contract.

GNS is the utility token of the Gains Network. It is an ERC20 standard token. The total of the GNS token is 38,500,000 GNS, and the maximum supply is 100,000,000 GNS. The Gains network offers a set of five different types of NFTs that are the master keys of the entire ecosystem. There are 1500 NFTs in total, and the five different categories are 500 Bronze Keys, 400 Silver Keys, 300 Golden Keys, 200 Platinum Keys, and 100 Diamond Keys.