Gains Network is a platform that allows customers to trade crypto and forex with the aid of leverage. The platform is built on Polygon and Arbitrum. The project's goal is to establish a convenient trading platform for users.

The network's native token is called GNS. Its primary function is to serve as a store of value, and it will also be utilized for governance purposes once this feature is implemented. Additionally, users can earn passive income by staking these tokens.

The network consists of several crucial elements:

gTrade – provides traders with access to leverage trading. Users on this platform can maximize their gains by borrowing assets from the network while using their own assets as collateral. gTrade, which supports about 40 trading pairs, provides up to 150x leverage on crypto assets, 100x leverage on stocks, and 1000x leverage on forex trades.
DAI Vault – serves as a single place where all trades take place. Customers of the Gains Network can stake DAI tokens to receive rewards.
Liquidity pools – users can earn rewards through staking GNS tokens and receive DAI generated from trading fees.
Deeply integrated NFTs in five different categories, each with varying degrees of rarity. These NFTs offer unique enhancements such as increased staking rewards.

The initial token supply was 38.5 million, and the supply cap is 100 million. By now over 20% of it has been burnt to decrease the inflation of the token.

In order to start trading, users do not have to go through a complicated KYC process – they can just use their already existing crypto wallet on the platform. However, creating a new wallet is also possible with Gains Network; it allows customers to participate in One-Click Trading with no additional confirmations of transactions.

Where did Gains Network (GNS) come from?

The project was launched in 2021 by a team of developers who have only revealed first names. The project’s founder’s name is Seb. Nathan is a full-stack dev, and Lunaman is a business development manager.

Gains Network seeks to become the number one decentralized leveraged trading platform in terms of adoption. The team wants to diversify the range of products. So far, they have announced their plans to launch a casino and a Metaverse in the upcoming years.

What are the advantages of the Gains Network (GNS)?

Simplicity

Complicated KYC processes are unnecessary: users can just connect an already existing crypto wallet.
Efficiency

The platform processes all trades through a single vault, resulting in a more efficient process.
Earning opportunities

Customers can take advantage of trading and staking opportunities.

What are the disadvantages of the Gains Network (GNS)?

Limits

Presently, users can have up to 3 open trades simultaneously for each pair, and there is also a specified maximum limit on the open interest which depends on a particular pair.
Risks

The use of synthetic leverage comes with a higher risk for the potential for losses.

How to buy GNS tokens on SimpleSwap?

For those interested in purchasing GNS tokens, SimpleSwap offers a convenient way to do so. The following instructions outline the process:

To start with, choose the cryptocurrency you want to exchange (for instance, BTC). Enter the amount you would like to swap.
Then select GNS in the second drop-down list as the crypto you want to get. You will see the estimated amount that you will receive after the exchange.
Click the Exchange button.
Enter the Recipient's Address. GNS tokens will be sent there. It is important to double-check if you used the correct address.
Create the exchange.
You will see the Bitcoin deposit address. You need to transfer the specified amount of BTC to this address to start the BTC to GNS exchange. After that please wait for the tokens to reach your wallet.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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