bump, I really put an effort into this and this isnt some shibadogelonmooninu token.

GNS is the utility token behind gTrade, the decentralized leverage platform of the Gains Network.
It's already a working product having been used by almost 1800 users who placed well over 100,000 trades worth over $3.5 Billion in value since October.
It generates significant revenue that in part goes toward burning tokens and deflation is over 20% annualized right now.
I believe it's the best platform for traders, blowing away both the on-chain as well as off-chain competition due to a variaty of reasons which I'll list first.
Afterwards, I'll also briefly explain the inner workings and touch upon the tokenomics as well.

What are the advantages for traders?

• Your keys, your coins! You do not have to deposit your funds on an exchange or worry about withdrawing limits. You trade straight from your own wallet through Metamask or Walletconnect
• No KYC! The project is decentralized and all trades are on the blockchain. Pretty much the Uniswap of leverage trading.
• No scamwicks / liquidation hunting. The price feeds are pulled from no less than 7! exchanges for which an aggregate is pulled, this pretty much filters out big movements that only occur on one or two exchanges.
• You leverage trade spot prices and not some derivative instrument that tries to emulate the asset' price.
• No borrowing fees! You dont borrow anything so there are no borrowing fees. This may make this platform the first of its kind that is not haram.
• Very low trading fees: only 0.06% on volume for crypto and 0.006% for forex
• Fixed (and narrow) spreads! Spreads are synthetic like everything else and set to a small amount to stop wash trading. 0.05% for large caps, 0.025% for Bitcoin, 0.01% for forex.
• No price impact! You can use 100x leverage with 50k and the price wont budge. There are no orderbooks for you to eat through.
• Not only crypto! You can trade anything you can get a price feed from. You can already trade forex and stocks and commodities will be added soon. Probably it will soon be the only place to trade the true oil price.
• Trade exotic pairings. If you get a price feed for TSLA and you get a price feed for DOGE, you can combine them into a TSLA/DOGE trading pair! Potential buzz could break the internet.
• Cheap on chain fees: Polygon fees for gains.trade transactions are below $1.
• Everything is fully decentralized on chain. Even when the UI gets taken down you can still use a) another UI or b) close it by interacting with the smart contract directly.
• Fully isolated margin, you can only lose the collateral that you put up.
• Narrow liquidation margin. You only get liquidated if your position is over 90% in the red.

How does it work?

Trading assets on gTrade is synthetic as in there is no liquidity on the gTrade platform however you open a long on BTC say $1000 at 5x leverage.
Then the smart contract just queries the price through a custom on demand chainlink oracle network and sends your collateral (in DAI) to the vault.
Once you close your trade, for example 10% higher, the smart contracts calculates that it owes you $1500 and give you 1500 DAI back (minus fees).
You never take ownership of the asset you are trading and you never borrow funds to create the leverage that you want.
If the total sum of traders lose more than they gain the vault becomes fuller and fuller and at a certain point uses the excess DAI to buyback GNS and burn it.
If the total sum of traders gain more than they lose the vault diminishes and at a certain point GNS gets minted to sell for DAI and replenish the vault.
The GNS token holder is essentially the counterparty of every trade as his token will get dilluted if traders win and will deflate when traders lose.

You are essentially taking a bet on a price feed and the system is long term sustainable as long as the traders as a group do not have an edge.
If such a situation would occur some parameters would need to be tweaked to get rid of this edge.
However, individual traders can off course be tremendously profitable if they know what they are doing.

What are the tokenomics like?

The token is actually needed.
The GNS token is de facto the counterparty to the traders and by virtue of being tradable on the open market it sources the DAI liquidity and the smart contract can use minted GNS to pay out traders their winnings.
However this is hardly ever done since a slice of the platform fees are used to incentivize a DAI staking vault from which the traders get actually paid out from. Only when this vault drops below the total amount staked do tokens get minted and sold in order to slowly refill it so that all the stakes of the stakers are fully collateralized again. When the vault gets filled (through fees, trader losses and outstanding open trade collateral) to beyond 110% of all stakes, DAI gets slowly taken from the vault to buy back GNS tokens and burn them.
This works so well that the current deflation rate (extrapolating the past 30 days) is about 20%, which to me screams undervaluation of the token price but I'll let you be the judge.

On top of this deflationary mechanism, approximately half of the fees get used to reward GNS/DAI LP'ers for LP'ing their tokens.
The rest of the fees see 15% go to the dev, 15% to the governance fund (for marketings and acquiring protocol owned liquidity), 15% to a referral program and 5% to the DAI stakers.
The marketcap is just above 100M and the platform has already had over 3.5 Billion in volume since launching v5 in October, see the stats page for more: https://gains.trade/stats/

Links
https://gains.trade
https://gainsnetwork.io/
https://gainsnetwork-io.medium.com/
https://dune.xyz/unionepro/Everthing-Gains-Network
https://twitter.com/GainsNetwork_io
https://t.me/GainsNetwork
https://discord.com/invite/Zj6Uub2wZ7
https://www.reddit.com/r/GainsNetwork/
https://www.coingecko.com/en/coins/gains-network

If you really want a good altcoin particularly for this situation look no further than GNS.
GNS is the utility token behind gTrade, the decentralized leverage platform of the Gains Network.

People use the platform primarily to leverage trade crypto (you can also trade forex)
The trading is synthetic as in there is no liquidity on the gTrade platform however you open a long on BTC say $1000 at 5x leverage.
Then the smart contract just queries the price and sends your collateral (in DAI) to the vault.
Once you close your trade 10% higher the smart contracts calculates that it owes you $1500 and give you 1500 DAI back (minus fees).
If the total sum of traders lose more than they gain the vault becomes fuller and fuller and at a certain point uses the excess DAI to buyback GNS and burn it.
If the total sum of traders gain more than they lose the vault diminishes and at a certain point GNS gets minted to sell for DAI and replenish the vault.

Overall, leverage traders lose more than they gain and this is especially true in current market conditions.
Over the past month 1.42% of all tokens in existence have been burnt, which gives it a 17% deflation rate (see https://gainsnetwork.io/pools/)
This buyback pressure with funds of losing traders have kept the token afloat and at the time of writing GNS is up 37% YTD compared to -21% for BTC and -34% for ETH.

GNS is really very innovative. This architecture can allow for forex trading, stock trading, commodities trading just as easily as crypto trading and it can provide this on chain from your own wallet whilst you control the keys to all your funds.
No worries about withdrawals, no worries about KYC, scamwick proof since the exchange just queries an aggregate price of 7 exchanges, no borrowing fees get charged because you dont borrow anything, there is no price impact because there are no books, it's fully synthetic, quite low trading fees at just 0..06%... it's pretty crazy if you ask me.

Now it only has 100M Mcap but I can see this become one of the bigger projects of the future.

I have decided to invest in WHACKD upon John's passing.
I now read that the sentiment on this board is that this is in bad taste to try and profit on a dead man, although since it's Mr McAfee, maybe he would have liked it.

I'd like to share a different motivation into why I bought WHACKD, I believe the man did not kill himself.
He had claimed many times that the government was after him, that he knew secrets and that they didn't like what he had to say.
To this end he explicitly said that he had no intention to ever kill himself and once Epstein was found dead in jail, he made the WHACKD token in order to bring more attention to the case.
In addition, he tattood the ticker onto his arm as well.
After he passed in the way that he feared, his wife declared that she did not believe that he killed himself, that they had expected him to be extradited and that he said he would call her in the evening.
So I bought WHACKD in part because I want this token to succeed for both monetary gain and for increased exposure to John's story and his passing.

I have gotten to know John better through seeing more videos and interviews since his passing and my opinion of him has improved.
He was not an angel for sure but it seems that his image had been slandered on purpose.
The propaganda film GRINGO: the dangerous life of John McAfee is a prime example of that.
Several participants have since then come forward stating that they were paid to lie and slander McAfee.

Call me paranoid but the manipulation is still going on with how his passing was handled by the media and how mentions of his token are being kept at a bare minimum.
For such a large name in crypto, saying he would get suicided, making a token he would get suicided I would have expected some youtubers and outlets to talk about it.
Yet almost none of them did.

If you are wary about our society, corruption and media lies, give John McAfee a second look.
If you come to the conclusion that he probably has killed himself, consider buying WHACKD to force the crypto community and financial markets and pundits to take notice.
Please buy the correct one and not a scam copy:
ERC-20 address:
0xcf8335727b776d190f9d15a54e6b9b9348439eee

Could you let us know how deep the lows of the 2011 and april 2013 bubbles were below your two trendlines? Percentage wise? How much below are we today?

278

Bam.

Thanks for the btc

1N5CGeS7rJZ9rwDrQLF6sXuqLrtWUjL4YZ

Hi, great great investigation.

Wealth seems to be quite concentrated. But while the btc's in circulation rose with 1.5% since your first post the wealth of the accounts greater than 100 stayed almost flat. So that bodes well.

I did noticed that the accounts with 25-50 account for a whopping 2.3 million btc and the bulk of them came into existence in the early months and are now deemed "dead" accounts.
Who owns these? We are talking serious money here. 1.7 million dead btc's that share a common pattern: born in the early stages.

Keep up the good work.