gTrade, a decentralized leveraged trading platform currently being developed by Gains Network, is designed to offer users an intuitive interface, high liquidity, and robust trading capabilities.
Thanks to Gains Network’s innovatively crafted synthetic architecture, gTrade boasts superior capital efficiency compared to any other platform, providing low trading fees and a broad selection of leverages and pairs. With up to 150x on cryptos, 1000x on forex, 50x on stocks, and 35x on indices, users can enjoy exceptional flexibility in their trading activities.
The protocol centers on two ERC20 and ERC721 utility tokens, namely GNS and NFTs. Both GNS and NFTs are crafted to be actively employed within the platform, providing utility, and enabling ownership of the protocol through revenue capture and governance in the near future. Key features of the platform include Single Sided Staking, which enables GNS holders to receive platform fees, burning of GNS using platform revenue, NFT holders enjoying reduced spread and enhanced rewards, and NFT bots executing limit orders and liquidations.
The GNS token ($GNS) is a vital component for the success of gTrade, the first product developed by Gains Network. The token serves as a means of enhancing liquidity efficiency, allowing us to make the most of our resources and provide a superior trading experience. Furthermore, the token generates returns for those involved in the ecosystem, and it has experienced net deflation over its lifetime.
The GNS token had its genesis as the $GFARM2 token on Ethereum, which was equitably distributed through an ETH pool and a GFARM2/ETH LP pool. The dev fund and the gov fund each received a 5% share of the token distribution, amounting to 10% in total. Subsequently, the token was bridged to Polygon and underwent a 1:1000 split to become $GNS.
Organic deflation produced by gTrade has resulted in the burning of more than 20% of the token’s supply to date.
The price of GNS is determined by market demand and supply. The price can be volatile and is subject to fluctuations based on various factors, including news events, adoption rate, and investor sentiment. It’s important to keep track of the latest GNS token price to make informed investment decisions. The current price of GNS is 6.77 when we are writing this post.
Purchasing GNS is a straightforward procedure, and there are multiple approaches to doing so. The following steps outline the process of buy GNS:
A variety of cryptocurrency exchanges offer GNS trading, including Binance, MEXC Global, and Bybit. When selecting an exchange, consider factors such as your preferred payment method and the exchange’s reputation within the market.
After selecting an exchange, create an account, and finalize the verification process, which typically necessitates the provision of personal information and identification documents.
Once your account has been verified, you may add funds to it using your preferred payment method, such as a credit card or bank transfer.
Once funds are available in your account, access the GNS trading pair and place a buy order. Indicate the quantity of GNS you wish to purchase and the price you are prepared to pay.
Once your order has been executed, transfer the acquired GNS to your personal wallet to safeguard it.
In conclusion, GNS has experienced significant popularity in recent years and is a highly sought-after cryptocurrency. The process of purchasing GNS is straightforward, with multiple reputable cryptocurrency exchanges offering GNS trading. However, remaining up-to-date with the current GNS price is crucial for making informed investment choices. This guide aims to provide you with all the necessary information to purchase GNS and stay informed of its current price.
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