Gnosis

Gnosis (GNO) is the native token of the Gnosis ecosystem, built on the Ethereum blockchain. GNO serves multiple purposes within the Gnosis platform, including staking on the Gnosis Beacon Chain and acting as the governance token for the GnosisDAO. Gnosis itself is a decentralized platform that focuses on building infrastructure for the Ethereum ecosystem, including prediction markets and decentralized applications (dApps). The Gnosis ecosystem also includes the Gnosis Safe, a wallet that allows users to manage their digital assets and interact with dApps.

• The initial token distribution of GNO allocated 95.80% to the Gnosis Vault, Founders & Project, and 4.20% to ICO investors.

• The initial max supply of GNO was capped at 10,000,000 tokens, but a proposal passed on May 4, 2022, reduced the total supply to 3 million GNO.

• Gnosis raised $12.5 million in its Initial Coin Offering (ICO) on April 24, 2017, with an average price of $29.84 per token.

As of today 25 November 2024, the price of Gnosis is ₹23,957.50 INR, with a 24-hour trading volume of 6136515.45 USD. The market capitalization for Gnosis is 715729994.86USD. The circulating supply is 2589588 Gnosis, with the total supply also being 3000000 Gnosis.

• GNO tokens can be staked to receive OWL tokens, which can be used as collateral and to save on fees within the Gnosis ecosystem.

• GNO is an ERC-20 token, ensuring interoperability with other Ethereum-based dApps and exchanges.

• Gnosis uses a community governance mechanism, allowing GNO token holders to vote on proposals and have a say in the network's developments.

• The Gnosis platform offers unique features such as prediction markets and the Gnosis Safe wallet, enhancing its utility.

• Gnosis has a reduced total supply of 3 million GNO, potentially leading to scarcity and value appreciation.

• The complexity of the Gnosis ecosystem and its multiple tokens (GNO and OWL) may need to be clarified.

• As a project built on Ethereum, Gnosis may be affected by Ethereum's scalability issues and high gas fees.

• The governance model, which weights votes based on the number of GNO tokens staked, may favour more prominent stakeholders over smaller ones.

• While innovative, Gnosis's prediction market aspect may face regulatory challenges in various jurisdictions.

• The cryptocurrency market is highly volatile, and GNO, like other tokens, is subject to market risks and price fluctuations.

• Gnosis is a well-established project focusing on building decentralized infrastructure for the Ethereum ecosystem, a growing sector.

• The Gnosis Safe wallet is a critical product that offers secure asset management and is EVM compatible, making it attractive to users.

• Reducing the total supply of GNO tokens to 3 million could lead to increased demand and potential price appreciation.

• Gnosis has a robust governance model through the GnosisDAO, giving token holders a voice in the project's direction.

• The platform's focus on prediction markets and dApps positions it well to capitalize on the growing interest in decentralized finance (DeFi) and other blockchain-based applications.

• Gnosis offers a unique combination of a decentralized prediction market platform and a secure wallet solution (Gnosis Safe), catering to a niche market within the blockchain space.

• The GnosisDAO's governance structure empowers GNO token holders to participate in decision-making, promoting a community-driven approach.

• The Gnosis platform's ability to provide fast transaction times and lower rates than other networks enhances its appeal for large-scale use.

Gnosis aims to solve the problem of accessing accurate information and making informed decisions in an uncertain environment by providing decentralized prediction markets. These markets allow users to speculate on the outcome of future events, effectively crowdsourcing forecasts and leveraging the crowd's wisdom. Additionally, Gnosis addresses the need for secure asset management and interaction with dApps through its Gnosis Safe wallet.

Martin Köppelmann and Stefan George co-founded Gnosis. Köppelmann, the CEO, has been instrumental in developing the Gnosis platform since its inception. Both founders have a strong background in blockchain technology and have been active in the Ethereum community. The team's consistent development and product launches demonstrate their expertise and commitment to the project.

The Gnosis ICO took place on April 24, 2017, with an offering price of $29.84 per GNO token. During the ICO, Gnosis raised $12.5 million and allocated 4.20% of the total token supply to ICO investors.

• The cryptocurrency market is highly volatile, and investments in GNO could be subject to significant price swings.

• Regulatory uncertainty surrounding prediction markets and cryptocurrencies could impact the Gnosis platform and GNO token.

• The success of Gnosis is closely tied to the Ethereum blockchain, which means any issues with Ethereum could adversely affect GNO.

• The governance model may concentrate power among large GNO holders, potentially leading to decisions that favour a minority.

• The technical complexity of the Gnosis ecosystem and its products may hinder widespread adoption among less tech-savvy users.

The Gnosis whitepaper outlines the vision and technical details of the Gnosis platform, which is designed to create a decentralized prediction market on the Ethereum blockchain. The platform allows users to create, trade, and participate in prediction markets on various topics, leveraging collective wisdom to forecast outcomes. The whitepaper details the two-token system, with GNO as the primary utility and governance token and OWL tokens generated through staking GNO for use within the platform.

The whitepaper also discusses the Gnosis Safe, a secure wallet for managing digital assets and interacting with dApps. It emphasizes the importance of community governance through the GnosisDAO, where GNO token holders can propose and vote on changes to the platform. The document covers the technical aspects of the platform, including smart contracts, market mechanisms, and the conditional tokens framework that underpins the prediction markets.

Furthermore, the whitepaper addresses the platform's economic model, explaining the tokenomics, supply schedule, and the rationale behind the fixed supply of GNO tokens. It also explores the potential applications of prediction markets in various sectors, from finance to insurance and governance. The whitepaper concludes with a roadmap for developing the Gnosis ecosystem and the team's commitment to building a transparent, decentralized infrastructure for information markets and asset management.