GNS experienced a notable rise after the world’s largest crypto exchange Binance announced that it had listed the token. Altcoin as part of the listing; He had the opportunity to trade on the spot market against USDT and BTC on Binance, as well as open margin positions.
Interestingly, it’s worth noting that Binance has listed the Gains Network (GNS) in the Innovation Zone. The “Innovation Zone” is a specialized trading area for crypto assets that may be more prone to rapid price fluctuations.
Koinfinans.com As we reported, GNS was trading around $7.92 prior to Binance’s announcement and then quickly rallied over 57% to $12.45. The altcoin has since pulled back partially, trading at $11.11. With the price increase, the altcoin has also reached an all-time high.
What is Gains Network (GNS)?
Gains Network is the team behind gTrade, a decentralized derivatives trading platform running on Polygon (MATIC) and Arbitrum (ARBI) networks. At gTrade, all trading is done in the decentralized stablecoin DAI.
GNS is the backbone of the gTrade platform, so to speak. The supply of GNS is quite limited and stands at 30.29 million tokens.
You can follow the current price action here.