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Cryptocurrency News Articles
Gains Network Will Host an AMA on YouTube on June 29th
Jun 26, 2024 at 06:22 am
Refer to the official tweet by GNS:
Cryptocurrency exchange Binance has announced the addition of GNS, the native token of multi-functional DeFi ecosystem Gains Network, to its Innovation Zone.
Binance users will be able to trade GNS in the following trading pairs: GNS/BTC, GNS/USDT and GNS/BUSD.
Gains Network spans across Polygon and Arbitrum networks, offering a suite of products. Among them is gTrade, a decentralized platform for leveraged trading.
Through a unique synthetic architecture, gTrade aims to be more capital efficient than other platforms. It boasts low trading fees and a broad range of leverages and pairs, including up to 150x on cryptocurrencies and 1000x on forex.
The Gains Network protocol is powered by its ERC-20 utility token, GNS, and ERC721 utility tokens (NFTs). These tokens serve specific functions within the platform.
GNS tokens are used for protocol ownership, revenue capture and governance. Active participation in the protocol is rewarded through various benefits, such as single-sided staking for GNS holders to receive platform fees.
Additionally, a deflationary mechanism sees GNS tokens burned using platform revenue, and NFT holders enjoy benefits like reduced spread and increased rewards.
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