Posthaste natural growth has build Good points Network’s decentralized gTrade platform well on the ability in the direction of reaching the first foremost milestones on its roadmap. Now, armed with $250,000 in funding from the Polygon DeFi, its founders are confident it will soon hit its second predicament of milestones.
Good points Network is desiring to attain a blazing-snappy and liquidity-setting friendly leveraged shopping and selling platform with a decentralized architecture on the Polygon blockchain, giving investors the profit of lower expenses and sooner trades. gTrade currently affords 43 cryptocurrencies and 10 foremost Forex pairs. Its asset-agnostic artificial shopping and selling architecture, which is powered by the minting and burning of its native GNS token, ensures investors profit from median affirm designate leverage, no expenses and zero designate impression. The exchange also claims to provide the fairest costs, with every asset alternate carried out at the median affirm designate across plenty of exchanges.
gTrade also has the massive advantage of no longer needing liquidity for every shopping and selling pair, with 100 p.c liquidity settlements on all pairs backed by the GNS/DAI pool and the DAI vault.
These benefits are clearly no longer misplaced on crypto investors, who were flocking to gTrade in their droves. In consequence, Good points Network acknowledged it is already end to hitting its foremost purpose of sustaining $30 million in day-to-day shopping and selling volume for 10 days, with a new sensible of $20 million traded by its platform day to day. It’s also on the verge of hitting its target of a most $20,000 per-alternate collateral enabled by its DAI Vault, with its new max sitting at $18,000 per-alternate collateral.
Other targets on gTrade’s roadmap include reaching $4 million in GNS/DAI liquidity and $2 million entire payment locked within the DAI Vault. The principle of those dreams has already been reached, with gTrade boasting $7 million in GNS/DAI liquidity, whereas the DAI Vault is getting end with $1.8 million in entire payment locked.
Good points Network has now unlocked $250,000 price of MATIC tokens with its first Polygon grant, and as soon as its initial targets were reached it will obtain a second, $500,000 grant to lend a hand it hit its next predicament of milestones. These demand $100 million in day-to-day shopping and selling volume, $50,000 most per alternate collateral, $10 million in GNS/DAI liquidity and $5 million staked within the DAI vault.
“It’s a long way an limitless pleasure for us to work with Polygon for this shopping and selling incentives program,” acknowledged Good points Network founder Sébastien. “Good points Network’s mission with gTrade has continuously been to fabricate an revolutionary, decentralized, and at ease resolution for leveraged shopping and selling.”
