Gain Protocol: A New DeFi Project Set to Change the Industry
The world of DeFi is fastly becoming a major force not only in finance but the crypto world in general. Projects seem to crop up daily. Finding the right one to put your hard-earned money in can be a difficult task.
We’ve all seen the horror stories. Developers gutting liquidity in rug-pull schemes and prices falling to the point of no return; it’s not a pretty sight. So what is DeFi to do?
Fortunately, one project is looking to change the way we think about DeFi and is set to explode onto the scene. Let’s take a look at the project in question, Gain Protocol, and take a peek at what makes this project so unique.
What is Gain Protocol?
Gain Protocol is a BEP-20 token built on the Binance Smart Chain. The project offers static rewards for holders and the potential for massive payouts through daily sweepstakes drawings.
With Gain Protocol, the goal is to put holders first. They offer users a safer and easier way to get involved in trading and start accruing gains.
At the heart of the project are seven foundational protocols that help holders earn passive rewards, enjoy stabilized pricing and build a community around the project.
The Seven Protocols
The team behind Gain Protocol has built out seven key protocols that make up the project’s base. Here is a quick overview of each one of those protocols.
Gain Protocol’s Seven Protocols:
- Whale protection — To help alleviate pressure from large holder transactions, our whale protection protocol adds additional fees to transactions that are larger than 2% of the total amount locked in liquidity. This makes sure that whales think twice before sinking the price of GAIN.
- Static Rewards — With every transaction using GAIN, the smart contract collects fees and re-distributes them to holders.
- Dynamic liquidity pools — Plenty of DeFi projects feature liquidity pools. Our’s works much differently. When we meet sufficient liquidity, funds destined for the LP go into our sweepstakes protocol, so holders have a chance to win even more.
- Sweepstakes — Our sweepstakes pool offers holders chances to win massive rewards through daily drawings.
- Dedication — To create an environment where our developers directly benefit from innovating Gain Protocol, we’re setting aside a portion of buyer transaction fees to go straight to our internal development team.
- Toro rounds — Future public token sales of GAIN will go much differently than other projects. Our toro rounds are accessible and equitable. Everybody gets a fair shot at buying GAIN during these sales.
- Charity — At Gain Protocol, we’re about earning big. But we also want to give back through huge charitable donations. A portion of seller fees will go to a charity pool that will go to a charity of our communities choice at the end of every week.
That’s just a quick glimpse under the hood. Each protocol was painstakingly developed with one goal — to put community members first.
Gain Protocols Commitment to Transparency and Honesty
of what makes the project so exciting is the commitment to transparency. Not only is everything that happens behind the scenes on full display for all to see, but the project has gone through rigorous third-party audits from some of the most trusted names in DeFi.
That commitment puts Gain Protocol head and shoulders above similar projects on the block.
Additionally, the Gain Protocol team is putting the majority of the decision-making process in the hands of holders. Not only does each member play a part in fueling the project, but upcoming features will be directly dictated by the community.
These upcoming features will help propel Gain Protocol into its next phase and decentralize several industries. All this helps static rewards hit all-time highs. The project’s mission is simple: put the power of profits in the hands of the people.
It’s a truly community-driven project!
The team at Gain Protocol is fully aware of the issues causing problems in the DeFi space. With their revolutionary approach to static rewards and community governance, it’s no surprise that a lot of hype already surrounds Gain Protocol.
The more you look into the project, the more you find to love. To learn more about Gain Protocol, make sure to check out their website GainProtocol.com.