GNS, the utility token for decentralized trading. The token that gives you access to trading with leverage and without a broker.
GNS is the essential token utility in order to trade cryptos or other markets without a broker. It allows you to trade on the platform while keeping control of your money since you keep it on your own account Metamask. You have no money transfer to make to the platform.
The decentralized finance news will have been marked at the beginning of 2021 by the first fully decentralized trading platform live on Layer 2.
To begin with, let’s specify that gTrade is 100% community distributed token through farming, no private or public presales and it’s the main pillar around which the whole protocol revolves around.
The token is used to interact with the different products, it is even essential because without it you cannot interact on the trading platform.
GNS for decentralized trading:
Gains.trade gives you access to a robust decentralized trading platform that is active and running on Polygon layer 2 and is deeply integrated with Chainlink.
How does it work?
A decentralized trading platform with up to 150x leverage that does not borrow leveraged funds. How is this possible?
GNS is used to open positions on the platform. Opening the position will burn the GNS tokens from the total supply. The transaction can evolve in three different ways:
- If the position is closed while in profit, the original position plus profits are minted back.
- Also, if the position is closed while at a loss, the original position minus the losses are minted back.
You can therefore trade without a broker, with leverage, and keep complete control of your money since no deposit/sign up is required.
You can trade directly with your Metamask account:
- US Stocks
No need to send your money to a broker.
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