Gains Network is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Gains Network are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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Gains Network Review
About Gains Network
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Gains Network token by explaining what the coin is about, tokenomics, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Gains Network?
Gains Network brings its liquidity-efficient decentralized leveraged trading architecture to Polygon.
Trade cryptos with up to 150x leverage, and major forex pairs with up to 1000x (on-chain execution).
Stocks, commodities, and indices are coming soon.
- Simulation of the trading PnL by minting/burning the GNS token (asset-agnostic synthetic).
- No funding fee (no capital borrowed for the leverage).
- Support for any asset with any leverage.
- 100% of the liquidity concentrated into a single GNS/DAI pool (no order books for each pair).
- DAI-only liquidity layer on top of the GNS/DAI liquidity for maximum capital-efficiency.
- Collaterals only going through the liquidity (significantly less slippage).
- First-of-its-kind on-demand Chainlink DON (decentralized oracle network).
- Median spot prices only, no derived/generated price.
- Utility token minted/burnt by the trading platform (necessary for the architecture).
- Long-term deflationary pressure on the GNS supply from trading losses.
- Significant share of the leveraged trading fees going to GNS/DAI liquidity providers.
Gains Network Supply
There are 9,240,683.00 GNS in supply worldwide.
Pros and Cons of Gains Network
Pros of Gains Network
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Polygon
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Gains Network
Cons of Gains Network
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Gains Network Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Gains Network have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Gains Network Safe?
Being willing to invest in any token is a question entirely up to you to answer. Gains Network token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Gains Network on the comment section below. Don’t forget to rate and leave Gains Network a review.