GasGain Whitepaper review (Cashback on your Ethereum gas fee)

It's a known fact that one of the major drawback of trading ERC-20 tokens on DEXes is the issue of gas fees. It's so big a problem it once rocked Uptrennd, a crypto based social media that withdrawals of 1UP token from the site was frozen for some time. This problem equally permeates the DeFi space as most DeFi projects are built on Ethereum blockchain. It is said that, to make substantial profits from yield farming and DeFi in general, you will need to invest a minimum of $1000 so as to make substantial profits and offset the cost of Ethereum gas fee. The gas fee payable on transactions has also increased with increase in Ethereum price.

GasGain is one project that was created to solve this problem and give 100% cashback on Ethereum gas fees. Unlike their competitors in the market, there's no withdrawal fees and the daily cashback amount is not capped but maximum cashback capped at 75% monthly if you stake with minimum requirement of $1000 of GasGain token. 5% tax is collected on every transaction to ensure long term sustainability of the reward pool. The comparative analysis of GasGain and other similar tokens like Ethanol is given below.

TOKENOMICS

GasGain is an ERC-20 token with no mint feature. By this, it's total supply of 1000000 tokens will not increase. The token distribution is as shown below with 162,000 token allocated for Uniswap liquidity and 82,500 for airdrops.

For the sake of security and to forestall the issue of "Rug Pulls", GasGain will conduct full external audit and ensure team tokens are locked with a time release (I believe they may need Trustswap by Jeff Kirdekis). Reward reserves will also secured in a smart contract.

To be eligible for GasGain cashback reward, you'll have to choose the numbers of token you'll lock into the Reward Plan with minimum plan being $1000 with of GasGain over 30 days period. After the 30 days, your tokens will be released and you can choose to enter the cashback plan for another 30 days or Hodl/Sell your tokens.

If your interest is just in holding GasGain token like myself, there's a provision for Vault where you can lock your GasGain token for a specific period of time and earn rewards. For 50 days vault lock, you earn 50% returns, 100 days, 100% returns while a 1 year vault lock will give you 400% returns.

The major features of GasGain are;

• Payouts Will Be Distributed Every 2 days;

• No Daily Cap on Rewards! 75% Monthly Cap;

• No Withdrawal Fee; and

• Vaults Available at Launch.

SUSTAINABILITY

Users will have to initiate a Plan to get cashback rewards so as to avoid the issue of wasted rewards sent to wallets that may not know about this feature. This will help guide against lost tokens.

MARKETING PLANS

GasGain intend taking part in many AMAs, partner with influencers and projects.