Long
Investment opportunity in Gains Network (GNS token)
Updated
The Gains Network is a decentralized leveraged trading platform where you can trade cryptos, forex, and stocks, with commodities and indices coming soon.
The trading tool is gTrade, in which no deposit or signup is required, just a Metamask or similar wallet.
It is possible to have leverage of 150x on cryptos, 1000x on forex, and 100x on stocks.
The tool is currently hosted on the Polygon blockchain.
The GNS token is used for liquidity and project participation.
Trade fees are distributed to those who stake the GNS token, the DAI token, the GNS/DAI liquidity pool or some NFTs (and of course, to the project fund itself).
It would be more or less like instead of spending money in a casino placing bets, being the owner of the casino itself.
It is an embryonic project in a promising area, which involves embracing the traditional market.
This is because the GNS token is not yet listed on any centralized exchange.
Therefore, compared to other similar projects, such as GMX, SNX and dYdX, this one has the greatest risk/return asymmetry.
This is a brief summary... for more information I recommend reading the documentation and doing your own study.
The trading tool is gTrade, in which no deposit or signup is required, just a Metamask or similar wallet.
It is possible to have leverage of 150x on cryptos, 1000x on forex, and 100x on stocks.
The tool is currently hosted on the Polygon blockchain.
The GNS token is used for liquidity and project participation.
Trade fees are distributed to those who stake the GNS token, the DAI token, the GNS/DAI liquidity pool or some NFTs (and of course, to the project fund itself).
It would be more or less like instead of spending money in a casino placing bets, being the owner of the casino itself.
It is an embryonic project in a promising area, which involves embracing the traditional market.
This is because the GNS token is not yet listed on any centralized exchange.
Therefore, compared to other similar projects, such as GMX, SNX and dYdX, this one has the greatest risk/return asymmetry.
This is a brief summary... for more information I recommend reading the documentation and doing your own study.
Note
GNS quoted in BTC, inside SMA of 233 and EMA of 233:Trade active
Target 1 hit.Target 2: 4.64
Target 3: 4.99
For some reason Quickswap's GNSDAI symbol is not updating in TradingView.
For now only Uniswap data is available:
UNISWAP3POLYGON:GNSDAI
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