> ## Documentation Index > Fetch the complete documentation index at: https://docs.gains.trade/llms.txt > Use this file to discover all available pages before exploring further. # GNS Token > The $GNS utility token powers the Gains ecosystem. ## GNS: The Utility Token Powering Gains *GNS token mechanics: how revenue sharing, vault stability, and fee discounts work together within the Gains ecosystem.* ### Introduction \$GNS is the backbone of Gains, enabling efficient liquidity management, revenue distribution, governance, and long-term sustainability. Designed with flexibility in mind, its tokenomics evolve based on community decisions and market conditions. Over time, \$GNS has been **net deflationary**, reinforcing its role in the ecosystem. Originally launched as **\$GFARM2** on Ethereum, the token underwent a fair distribution through ETH and LP pools before being migrated to Polygon with a 1:1000 split, rebranding as \$GNS. It now operates across multiple chains, supporting Gains' growth and stability. ### GNS Utility and Tokenomics \$GNS serves multiple core functions within the Gains ecosystem: 1. **Revenue sharing** - Trading fees can be used for buyback and burn (BB\&B), with flexibility for direct staking rewards depending on governance decisions. 2. **Counterparty utility** - Acts as a balancing mechanism for vaults, supporting liquidity efficiency and protocol stability. 3. **Fee discounts** - \$GNS can be staked for fee discounts in tiers up to 50%. See [\$GNS Discounts](https://gains.trade/portfolio/gns-discounts). #### **How Buyback & Burn (BB\&B) Works** Buyback & burn is **currently paused**. Following the [Make Gains Great Again](https://gov.gains.trade/t/make-gains-great-again/226) vote (passed June 2026), the protocol is in a growth phase and the revenue described below is redirected into growth & marketing. Buyback/burn and staking rewards can be re-introduced by the DAO once \$GNS reaches a 30-day TWAP at or above \$20. See [GNS Staking](/liquidity-farming-pools/gns-staking) for the current status. When active, BB\&B works as follows: * **Trading Fees (55%)** – The majority of Gains' revenue (from open and close fees in USDC, DAI, WETH) is used to buy back \$GNS from the market, reducing supply. * **Dynamic % of Trader PnL** – Depending on the [gToken Vaults](/liquidity-farming-pools/gtoken-vaults)’ health, a portion of trader losses/profits are used for \$GNS buybacks/mints. BB\&B **creates sustained buy pressure**, followed by **supply reductions** — benefiting all \$GNS holders through **organic deflation**. The revenue distribution model adapts based on governance votes, and can reintroduce the [**direct staking rewards (SSS)**](https://medium.com/gains-network/gns-single-sided-staking-real-yield-and-decentralization-e66d1089b664) or [**Buyback & Distribute (BB\&D)**](https://medium.com/gains-network/evolving-gains-network-tokenomics-introducing-buyback-and-distribute-c15ce1fa8fdb) model in the future. Track GNS burn and supply metrics on [GNS staking](https://gains.trade/staking). You can also use this [Dune dashboard](https://dune.com/midgetwhale/gns-burn). #### **GNS Tokenomics: Adaptive & Deflationary** \$GNS supply mechanics balance protocol needs with long-term sustainability: * **Minting & Burning** – Vaults dynamically mint and burn \$GNS to manage the protocol’s liquidity. * **Max Supply** – Capped at **100,000,000 \$GNS** as a failsafe mechanism (should never be reached under normal conditions). * **Initial Supply** – **38,892,000 \$GNS** at launch, with continued deflation over time. ### How to Get \$GNS \$GNS is available on multiple decentralized exchanges (DEXs) and centralized exchanges (CEXs). #### **DEXs** * Arbitrum: [Camelot Exchange](https://app.camelot.exchange/pools/0x9b6FF025AeE245D314c09F57B72f0dE6E231c3a6) * Base: [Uniswap](https://app.uniswap.org/explore/tokens/base/0xfb1aaba03c31ea98a3eec7591808acb1947ee7ac) #### **CEXs** * [Binance](https://www.binance.com/en/trade/GNS_USDT?ref=37754157\&type=spot)