Gains
Crypto Overview
Purpose and Utility
Gains Network is a decentralized derivatives trading platform built on Polygon and Arbitrum. The GAINS token serves as the governance and utility token for the gTrade trading platform, which offers leveraged trading on crypto, forex, stocks, and commodities.
Business Model
The platform generates revenue through trading fees and leveraged position liquidations. The GAINS token is used for platform governance, fee sharing, and providing liquidity. While the core trading functionality appears technically sound, the leveraged trading and liquidation mechanics effectively create zero-sum trading outcomes between users.
Real-World Adoption
The platform has shown significant adoption with over $200 billion in trading volume reported as of 2024. The project maintains active development and regular platform updates.
Token Distribution
The token distribution includes allocations for the team, development fund, and community. Specific vesting schedules are in place for team tokens.
Technology Assessment
The core technology focuses on leveraged trading and derivatives, which functionally operates as a zero-sum trading system where gains and losses are directly transferred between users through the platform's mechanics.
Crypto Impact
To assign a comfort level investing in Gains from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gains.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.