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₹113.98

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What is Gains Network (GNS)?

Gains Network is a decentralized trading platform designed to provide traders with tools for derivatives trading and other financial products. Built to maximize transparency and efficiency, Gains Network aims to disrupt traditional financial systems. The protocol is powered by GNS, its native token, which facilitates governance, staking, and transaction incentives within the ecosystem.

Who founded Gains Network?

Gains Network was founded in 2021 by a team of anonymous blockchain developers dedicated to simplifying derivatives trading through decentralization. The protocol focuses on scalability and transparency, creating a secure trading environment.

Primary features of Gains Network (GNS)

•Decentralized derivatives trading: Allows traders to speculate on price movements of various assets without holding the underlying assets.

•Staking and rewards: GNS holders can stake their tokens and earn rewards for supporting the network.

•Low fees: Built on efficient blockchain infrastructure to minimize trading costs.

•Governance: GNS token holders can participate in decision-making processes for protocol updates and changes.

Is GNS a promising cryptocurrency?

Gains Network is gaining traction in the decentralized trading space due to its focus on derivatives and user-centric features. Ranked among the top 700 cryptos by market cap, GNS is predicted to have strong growth as demand for decentralized trading platforms increases.

The current price of GNS, as of 30 January 2025, is ₹129. You can buy GNS from crypto exchanges like CoinSwitch.

How do I use Gains Network (GNS)?

•Trading: Use GNS tokens to participate in decentralized derivatives trading on the Gains Network.

•Staking: Stake GNS tokens to secure the network and earn rewards.

•Governance: Vote on proposals and decisions to shape the future of Gains Network.

•Incentives: Earn GNS tokens as rewards for participating in the ecosystem.

Pros & Cons of Gains Network (GNS)

Pros

• Focuses on decentralized derivatives trading, addressing a growing market need.

• Offers staking and governance opportunities for GNS holders.

• Built on blockchain for transparency and low-cost transactions.

Cons

•Faces competition from other decentralized trading platforms like dYdX and Synthetix.

•Adoption depends on the growth of derivatives trading in DeFi.

•Price volatility, as it’s tied to market dynamics and adoption rates.

How to trade Gains Network on CoinSwitch?

•Start investing in GNS with just ₹100.

•CoinSwitch provides a seamless and intuitive trading experience for all users.

•Easily manage your transactions and portfolios on the app.

Gains Network (GNS) ICO summary

Gains Network’s native token, GNS, is integral to its decentralized leveraged trading platform on Polygon and Arbitrum. GNS has a total supply of 30 million tokens, utilized for governance, staking rewards, and liquidity incentives. Token holders can stake GNS to earn a share of platform fees and participate in decision-making processes, contributing to the platform’s decentralized governance and growth.

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FAQ's

1. What is Gains Network (GNS) used for?

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Gains Network (GNS) is primarily used for decentralized derivatives trading, allowing users to trade financial assets without holding them. It also supports staking, governance participation, and transaction incentives within the Gains Network ecosystem.

2. Is Gains Network (GNS) a good investment?

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GNS has potential due to the growing demand for decentralized trading platforms. Its focus on derivatives trading and user rewards makes it attractive. However, as with any cryptocurrency, its value can be volatile and depends on market adoption.

3. How can I buy and trade GNS?

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You can buy and trade GNS on cryptocurrency exchanges like CoinSwitch. Simply create an account, deposit funds, and start trading with as little as ₹100. CoinSwitch provides an easy-to-use platform for managing GNS transactions and portfolios.

4. What are the benefits of holding GNS?

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Holding GNS offers multiple benefits, including staking rewards, governance participation, and lower trading fees on the Gains Network. Additionally, GNS is built on blockchain technology, ensuring transparency and efficiency in trading.

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Gains Network (GNS) is a digital collateral token designed to secure instant and verifiable transactions for any value transfer.

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Price Statistics

GNS Price Today

GNS Price

₹113.98

Price Change 24h

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0%

Price Change 7d

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6.5%

Market Rank

#633

Market Cap

₹255 Cr.

Trade Vol 24h

30 Cr

Circulating Supply

3 Cr. GNS

Trading Activity

100% Buy0% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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