Decentralized finance is fastly becoming a dominant force in the cryptocurrency and blockchain spaces. New projects seem to be developing at a breakneck pace, and investors big and small are starting to dip their toes into the warm waters of DeFi.
With any growth comes problems with scalability, transparency and, unfortunately, corruption.
DeFi is no exception. That’s exactly why the team at Gain Protocol set out on a different mission. One we believe is the next step in the nascent DeFi world with the potential to truly revolutionize how we think of cryptocurrency, DeFi and trading.
But what is Gain Protocol, and what steps will the project take to progress DeFi into its next stage? We’ve got all the information you need; read on!
What is Gain Protocol?
With Gain Protocol, we want to put token holders first. We want to offer our users a safer and easier way to get involved in trading and start accruing gains.
Through our 7 protocols, our team has developed novel and revolutionary ways for users to earn passive rewards, enjoy stabilized prices and be a part of a community that plays hard, earns hard, and gives back.
Our goal is to create the next generation of DeFi. A project that not only pulls the best parts of other DeFi tokens but improves on them in a way that no one else has done before.
For us, it’s more than just another DeFi token. We want to build a project that represents our core values as a company, reflecting the overall mission of Gain Protocol.
The Mission Behind the Project
If you’ve been in the crypto space for any amount of time, you might already be aware of some of the classic pain points found in other projects.
Volatile price action, whales commanding tokenomics and bad actors serving themselves through token manipulation and events like rug pulls are all issues plaguing modern DeFi projects.
Both users and developers need to navigate this evolving technology and find the projects that are not only sound but give them the most for their money. This can be a challenging task.
When we decided to start Gain Protocol, we focused on alleviating many of the issues we saw in other DeFi projects. Our mission is simple: build a community where token holders are the prime beneficiaries.
Many other projects have made attempts at this but often fall short of truly realizing the potential of a community focus.
We believe that a focus on community and transparency will push Gain Protocol to the moon. To help facilitate that goal, our developer team has been working tirelessly to create new and revolutionary protocols that are at the heart of Gain Protocol.
Features of Gain Protocol
Now to the nuts and bolts of how Gain Protocol works.
Behind the token are 7 protocols set to change how traders, investors and everyday users interact with DeFi.
With every transaction on Gain Protocol, the smart contract collects fees from the buyers and the sellers. These fees feed into the many protocols at the center of the project.
Collecting fees on transactions is a common feature of other projects similar to Gain Protocol.
However, our approach sets us apart from other DeFi tokens and completely transforms how we will interact, trade and develop Gain Protocol.
Every transaction on Gain Protocol helps improve token holder rewards, increase the value of GAIN and invectivise token holders to interact with the protocol.
This is a huge advantage for the Gain Protocol community.
When you make a transaction using GAIN tokens, you're directly supporting the project and other token holders. When you buy, you support the sweepstakes protocol — providing token holders unlimited chances to gain daily. Additionally, buyer fees support our dynamic liquidity pools. This further increases the value of the GAIN token and overall success of Gain Protocol.
When you sell, you provide each and every token holder with GAINs in their wallet directly through static rewards. We believe this innovative approach to static rewards with dynamic goals invites token holders to engage with Gain Protocol.
More engagement through transactions means more chances to score GAIN tokens through static rewards and our generous daily sweepstakes.
Our static redistribution protocol takes the simple approach to passive rewards that other projects use and advances the technology to provide a truly fair system for buyers and sellers.
Instead of a flat 10%-20% fee that limits usability of a project for most users, which other popular projects use, our development team designed a static rewards model that charges a minimal fee on both sides of a transaction and allocates the funds intelligently to maximize user gains.
A 3% fee from the seller transaction feeds our static rewards system. The funds collected for the static rewards protocol are redistributed automatically to token holders.
This means that with every transaction, users see their accounts grow.
We allocate the redistribution on the percentage of holdings carried by token holders. The more GAIN you have in your wallet, the more you’ll gain through static rewards. It’s that simple.
Long term GAIN holders also benefit from our special “hodler” static distribution. We want to reward our most loyal users with an extra 0.25% on top of the regular static distribution.
Want some even better news? Well, our loyal “hodlers” also have a chance to score an extra 0.25% when our charity protocol has hit the maximum daily cap. That’s a total of 0.50% on top of the original 3% from each seller transaction.
Additionally, you have even more potential for passive rewards with the redistribution of funds collected from our “whale protocol,” but more on that later.
Dynamic Liquidity Pools
Liquidity pools (LPs) are the bedrock of many DeFi projects. They help provide the liquidity needed for automatic market makers (like PancakeSwap) to match sellers and buyers without the need for a middleman.
But traditional LPs have issues. Issues that Gain Protocol is here to solve.
With other LPs, the smart contract collects fees to feed the liquidity pool indefinitely with no cap. These “static” LPs often hurt the price of a token.
Our dynamic LPs work differently.
With Gain Protocol’s dynamic liquidity pools, we cap the number of tokens at a certain amount when sufficient liquidity is achieved. From here, the 1.90% we put on every purchase of GAIN meant to provide liquidity is rather put toward our sweepstakes protocol — giving users a chance to win these tokens instead of them pushing the price down.
Additionally, our dynamic LPs solve the problem of unused funds. You see, with older contracts, price changes left unused tokens in the smart contract. These tokens lay stagnant, and users don’t have access to them.
Our system uses those stagnant tokens, in this case, BNB, to buy more GAIN that is then put into our static rewards protocol to be redistributed to token holders. Buying GAIN using BNB taken from liquidity further increases the value of GAIN, adding another layer of price protection.
We want to give our token holders the maximum potential to gain and watch their wallets grow.
Our static rewards are one side of this coin, with the other being our daily sweepstakes protocol. In total, we’ve developed 7 unique and engaging opportunities to win.
Every day, we will hold a drawing from one or more of our seven sweepstakes types. We’ve created different types of drawings for different types of users, from diamond hands that will never sell to newbies just starting their journey with Gain.
We’ll use a 1.5% fee from buyer transactions to fill the sweepstakes pool. Additionally, through our dynamic LP, the potential for even more rewards is possible when we reach daily sufficient liquidity. When this happens, the sweepstakes pool grows from 1.5% to 3.4%.
All these GAIN tokens go right back to our community. If you want a more detailed breakdown of the sweepstakes protocol and the different sweepstakes types, check out our other article on the sweepstakes protocol.
Whales are large token holders that make a splash when they buy or sell. While whales play a prominent role in project funding and price movement, they often cause ripple effects that hit smaller investors and traders the hardest.
At Gain Protocol, we don’t want to eliminate whales; we just want them to play more responsibly. That’s why we’ve created our whale protection protocol.
Basically, we want to encourage our larger token holders to make responsible decisions. To do this, we’ve created a dynamic fee structure that comes into play when a token holder tries to sell a large amount of their account.
When a whale tries to sell more than 2% of what is currently locked in liquidity, they face stiffer seller fees. This means, instead of the standard 3.5% seller fee, the smart contract will hit these large transactions with fees up to 28.5%.
These extra fees will feed right into our static rewards protocol. So when a whale wants to make a large sale, they’ll essentially be paying every token holder to make the transaction.
This novel approach will help stabilize price and keep whales from rocking the market.
It should be no surprise that a dedicated team is the core of any project’s success.
With Gain Protocol, we want all our core team members to be fully committed to this project. To keep our team laser-focused on improving Gain Protocol and adding to its overall value, we wanted to incentivize our hard-working developers to keep advancing the technology behind Gain.
That’s why we’ve decided to dedicate a small portion of every buyer transaction fee to go straight to our internal development team.
This fairly compensates our developers and ties their success to the overall success of the project. When they make improvements to Gain’s protocols, it drives user growth. The more users buying GAIN, the more the dedication protocol rewards our developers.
What this does is create an environment where developers directly benefit from driving innovation. The better they make Gain’s already amazing protocols, the more people will buy. It also allows our team to fully commit to working on Gain protocol and only Gain Protocol.
Since we only use buyer transactions for the dedication protocol, it means developers only benefit when users are buying GAIN. This is a win-win, as developers get to reap rewards from GAIN purchases and the price also increases with each buyer transaction.
Another issue that other projects face is how they handle public token sales. Often, these sales happen in an inequitable manner that benefits early investors and developers more than everyday users.
Additionally, public token sales often decrease when newly purchased tokens flood the market. It can be a nasty situation.
We wanted to develop fair and equitable access to public token sales for our community members. What we came up with are our revolutionary toro rounds.
Toro rounds give equal access to community members and help drive the price of GAIN up rather than down. At our initial fair launch, we’ll be reserving 140 billion tokens into our toro round protocol to facilitate future public sales of GAIN.
The smart contract will trigger one of 7 toro rounds when we meet milestones for market capitalization. When this happens, the toro round will go live on our website GainProtocol.com.
Community members will have equal access to the tokens the contract releases during toro rounds. No special treatment here; it’s first-come, first-serve.
When the toro round is over, we’ll use the BNB received through the sale to buy more GAIN. The smart contract will redistribute newly purchased tokens to token holders through the static rewards protocol. This will not only drive the price of GAIN up but will put more tokens in user wallets, even if they didn’t participate in the toro round. A win-win all around.
We’ve also placed limitations on how much GAIN a user can purchase to give everyone a fair shot at buying tokens through toro rounds. To help mitigate massive sell-offs that other public token sales face, the contract places restrictions on how much of the newly purchased tokens can be sold during the first week after each round has ended.
With GAIN Protocol, we want to build a thriving community where token holders can earn and give back.
Not only do static rewards put tokens into holder wallets with every transaction, but daily sweepstake opportunities give all kinds of users chances to win big.
For us, GAIN Protocol is more than just rewards for users; it’s also about doing good for the community. That’s why our developer team created our charity protocol. Giving back and supporting others are part of our core values.
With every seller transaction, 0.25% of those fees will be earmarked for charity. As a result, up to $10,000 will be donated daily to a charity of our community’s choosing.
Other Features of Gain Protocol
While the 7 major protocols are the heart of Gain, a few other features further develop the usability of the token.
The first thing to mention is Gain’s lack of token burning.
DeFi token burn happens when digital currency miners take coins or tokens out of circulation.
The goal? To increase the price of the token by slowing down inflation or to reduce the number of coins in circulation simply. This process is disruptive, to say the least. And the people who are most impacted by token burning? The token holders themselves.
Burning tokens just doesn’t work. Moreover, token-burning techniques are inherently misleading.
It is our commitment not to burn any tokens. That’s right: we simply do not burn tokens and do not have a burn address. This way, all holders get the full benefit of the static distribution protocol.
The next thing to touch on is the connect wallet feature.
Within Gain Protocol, you can connect one other address and link it to your original GAIN wallet. We call these addresses “connect wallets.”
Every user can link up to one connect wallet and use it to transfer funds without incurring fees. That means you won’t have to take the hit when you want to move some GAINs to another wallet address, so long as it’s your connect wallet address.
We built this feature right into the smart contract. That means that Gain Protocol will recognize your connect wallet address, and you can bypass fees for the transfer.
Buyer and Seller Fees
Every trade that happens with GAIN is subject to fees. Both large and small account holders get hit with the fees, so no special treatment here.
At Gain Protocol, we think transparency is critical to building our community. That’s why we’ll never shy away from telling you upfront what those fees are and where they are going.
Firstly, every transaction is subject to a 7% fee. This is further broken down equally between the buyer and the seller. That means buyers have a 3.5% fee on transactions, and so do the sellers on the other end.
These fees feed our static rewards protocol, dynamic liquidity pools, charity protocol and dedication protocol.
Gain Protocol is about community. We’ve developed our revolutionary protocols and features with one goal in mind: maximize token holder rewards.
We put our users first, and that’s why we’ve designed our protocols to help stabilize prices and give users as many opportunities to gain as we can. Whether it’s whale protection or static rewards, we want Gain Protocol to work for you.
To learn more about Gain Protocol and how our project is the next step in DeFi, make sure to visit our website
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