Brooklyn, New York--(Newsfile Corp. - November 15, 2021) - The team behind Gain Protocol is developing a decentralized wallet packed with features that put GAIN holders first.
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In the past few months, Gain Protocol has shown the Decentralized Finance (DeFi) space just what a project that puts community first can do. Since the launch this summer, the price of GAIN has steadily risen. This comes from the robust set of features and protocols behind the project, all aiming to develop a genius ecosystem that puts more passive rewards in holder wallets.
While other projects are making waves in the crypto space, like Dogecoin (DOGE) and Shiba Inu (SHIB), they lack the creativity, usability and robust ecosystem that the team behind GAIN has been building since the project's release. Currently, GAIN's market cap is just shy of $6 million. Compare that to the previously mentioned meme coins, which hover around the $40-$50 billion market cap range, and you can easily see the massive potential for growth for Gain Protocol.
Gain Protocol's existing static rewards distribution program, fed by a dynamic fee system and proprietary whale protection protocol, has funneled thousands of GAIN into user wallets automatically. Additionally, these features have allowed for stable price action for GAIN and placed protections on holder wallets when the overall crypto ecosystem was experiencing price drops and sell-offs. Holders of GAIN have only seen their wallets grow.
Combine that with the weekly sweepstakes feature, and you can easily see why so many users are holding onto as much GAIN as they can. As the project develops, the team behind Gain Protocol promises to add some truly next-generation functionality to the already robust and stable project.
One such advancement is the decentralized wallet function. Here are just a few amazing features of the upcoming Gain Protocol wallet:
Instant sending and receiving functionality
Price alerts that get important information to users instantly
A consolidated place for user assets
Automated buy and sell order functionality
Secure access utilizing advanced biometrics
Easy buying using accessible fiat on-ramps (debit and credit cards accepted)
But that's not all. Some other features that set Gain Protocol's wallet apart from other wallet software are P2P loans and P2P cashier programs. Essentially, the project will open up the lending of crypto assets using a decentralized format. Holders don't need to manage loans with a centralized entity and rather perform traditional finance transactions with other GAIN holders. This same ethos follows the cashier function. Here, users can easily cash in their crypto assets for fiat.
The project's commitment to community means that even the wallet function will result in holders seeing more GAIN in their wallets. Not only this, but the wallet will also help increase the price of GAIN. It does this by allocating profits from the wallet feature.
Any profits the project sees will be used to buy more GAIN, increasing the buying pressure and, in turn, the asset's price. Half of this GAIN will go straight to user wallets using the static rewards distribution protocol. The project will burn the other half forever. The goal of this is to decrease the circulating supply of GAIN, all while helping stabilize and increase the price floor. The project is set to launch the decentralized wallet in Q1 of 2022, with more details about the launch coming in the near future.
Additionally, the team behind Gain Protocol is excited to announce the success of the second Toro Round of the project. Toro Rounds, a project exclusive feature, releases reserved GAIN to users at fair pricing when certain price and market cap milestones are reached. Since the initiation of Toro Round B, the price of GAIN has doubled - proving the success of the feature and the momentum of the project overall.
Another exciting development is the advancement of Gain Protocol's non-fungible token (NFT) market. Not only does the team intend to enter the blossoming NFT space, but it intends to do so by creating its own blockchain and decentralized exchange. The goal is to create a space that innovates how users trade NFTs.
To stay up to date with the latest Gain Protocol news, make sure to stay connected with recent developments by joining the Gain Protocol Telegram Channel.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103512