As more people than ever flock to the stock exchange and begin their investing journeys, one particular form of trading is becoming even more popular – leverage trading. As of 2020, as many as 43% of traders were using leverage to radically boost their exposure to the market in an attempt to boost their gains.
However, while leverage trading is common practice within forex trading, the additional options are fairly limited when it comes to other forms of leverage trading. As of early 2021, Gains Network, a decentralized finance platform, has radically boosted the extent to which leverage trading can be undertaken.
What started a little over a year ago has now blown up into a finance phenomenon, with Gains Network pulling investors away from traditional brokerages in search of a decentralized option.
Could this new platform represent a shift in investor habits for the foreseeable future?
Aiming to provide the most comprehensive, global decentralized finance ecosystem, Gains network offers an optimized suite of advanced tools and DeFi products.
The team behind Gains Network began by launching gTrade, a leverage trading platform on the Polygon network. With a unique infrastructure and a set of leverage tools, gTrade provides a service that is between 100-1000x as efficient while also offering low trading fees.
Additionally, Gains Network’s first product offers a range of leverage, with up to 1000x on Forex trades and 150x on cryptocurrencies. With a diverse set of assets, covering stocks, commodities, Forex, and crypto, Gains Network is making waves in the DeFi market.
The two central utility tokens of Gains Network are ERC20 (GNS) and ERC721, the latter of which is used for NFT trading on the platform. With ingenious methods of integrating GNS into the system, Gains Network has tethered the platform’s own success to the coin, its value increasing with the additional user base that floods in day by day.
Launched in January 2021, Gains Network has seen incredible growth in only a short amount of time, currently averaging $15M average daily volume on the platform, with a $110m all-time high. Following this success, the GNS coin has similarly risen in value, currently reaching a $15M market cap.
Even in a short amount of time, the Gains Network team has made vast improvements to the project, developing their website and expanding their DeFi ecosystem. With over eight months of continuous uptime on Polygon, the application goes beyond the expected and delivers an unparalleled DeFi experience.
What Makes Gains Network unique?
As a decentralized leverage trading platform, Gains Network allows users to predict if the price of an asset will rise or fall, correct predictions leading to profits. These profits are further accelerated as Gains Network offers high leverage without funding fees – as leverage isn’t directly borrowed, traders’ profits are their own. Howver, as with any leveraged trading, losses are also amplified.
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