To launch the version 2.0 of the Gym Network, it will provide Diffie fans with creative solutions

Coinpedia - Fintech &Amp; Cryptocurreny News Media


Gym Network announced today that it is set to release version 2 of its underlying system, which brings new functionality including Single Pool and BUSD Stable Coin Vault. The upgrades offer exclusive rewards, tickets, and the ability to challenge bear market conditions for those active in the DeFi space, among other benefits.

What is a single pool?

When it comes to Single Pool, there are a few things users should be aware of, and lock-in time is a top priority. Users can only earn GYMNET Rewards during the lockout period. Additionally, people can participate in the NFT reflection pool in the Metaverse.

Therefore, one cannot divide. For example, suppose a person with 1000 tokens in a pool wants to lock 500 and deposit the other 500 without a lock-in period. In that case, that won't work because he can send everything with no lock-in time or everything with lock-in time. Moreover, it is important to remember that if someone decides to receive rewards by depositing GYMNET tokens with a lock-in period, by doing it manually, he will have to pay a four percent burn fee during the transfer process.

Phemex

By the way, there is no burn fee minus the token amount of the person transferred from the current system to the new system. Also, the single pool is not the only place to get interest in the form of gymnet tokens. In fact, the Single Pool system aims to become an integral part of the system as it releases tokens, and people are earning these tokens by participating in the system.

However, Gymnet tokens will, at some point, stop being issued. Meanwhile, the Gymnet community will continue to receive interest rates, but not in the form of Gymnet tokens. You get commissions and interest rates from other sources of income, so the single pool is where this happens.

Why is BUSD Stablecoin Vault so useful?

Next, amidst all the FUD, GYM NETWORK launched a stable and completely optimistic version 2, preparing to introduce improvements that will take the platform to the next level. In terms of stablecoins, they are a low-volatility cryptocurrency compared to the world's most critical national currencies, which can unlock huge benefits for decentralized internet services. Stablecoins offer the opportunity to counter bear market conditions, and that is why Gym Network has decided to introduce the BUSD Vault with the launch of GYM NETWORK V2. This gives people a chance to maintain their balance in a stable coin and still earn GYMNET rewards.

Why is BUSD so popular?

Because of its reliance, BUSD had impressive adoption rates in 2021, a year in which the popularity of cryptocurrencies increased significantly with the rise in prices of Bitcoin and altcoins. BUSD is becoming increasingly popular as crypto technologies like DeFi and NFTs gain popularity.

It is clear that these early adopters trust the stablecoin and choose to use it for their DeFi operations as over a million people already own BUSD. In particular, BUSD serves as a link between conventional and decentralized finance

Get started today!

As the reader knows by now, GYM NETWORK is very pleased to welcome everyone to version 2.0 of its platform.

Users can now connect to their wallet via gymnetwork.io by going to “Launch APP” at the top of the website.

About Jim Network

Gym Network launched on March 25, 2022. It is the most innovative DeFi platform, the first to introduce decentralized finance through affiliate marketing. It allows users to earn commissions by referring others while profiting from the platform.

Media Contacts:

TG: https://t.me/gymnetwork_amharic

Website: https://gymnetwork.io/

Twitter: https://twitter.com/GymNet_Official

Youtube:



Leave a Reply

Pin It on Pinterest