What is Gnosis (GNO)?

Website: https://gnosis.io

Maximum Supply: 10.000.000 GNO

Total Supply: 10.000.000 GNO

Circulating Supply: 1,504,587 GNO,

Explorer: Gnosis Explorer

Whitepaper: Gnosis Whitepaper

What is Gnosis (GNO)?

Launched in 2015, Gnosis is a decentralized prediction market built on the Ethereum protocol. More than just building a prediction market, Gnosis creates a complete infrastructure layer that one can use to build one's own prediction market application.

Gnosis Architecture

Core Layer: Foundation containing smart contracts for events, outcome tokens, clearing and market mechanisms. The only fee in this tier is 0.5 percent maximum to users purchasing result tokens from the market generator.

Service Layer: Provides services such as chatbots and stablecoins. It uses a transaction fee model, and the team expects consumer apps to interact with it first.

Applications Layer: They are special front-end applications built on top of the Service and Core layers. Gnosis will develop some applications from third parties that charge the individual for the use of the majority services.

To describe how Gnosis works, it is first necessary to outline exactly what a prediction market is and why they are valuable. A prediction market uses user predictions to gather information about future events. Users in the market trade with tokens that represent the outcome of a particular event. These tokens will have different values ​​in the open market as some outcomes are more likely to emerge than others. As time passes or related events unfold, the probability of certain token results to occur increases, thereby increasing their value.

Who is the Founder of Gnosis (GNO)?

The Gnosis team consists of Martin Köppelmann (CEO), Stefan George (CTO) and Dr. It is managed by Friederike Ernst (COO). It includes a list of highly respected advisors, including Joseph Lubin (Ethereum co-founder and ConsenSys founder) and Vitalik Buterin (Ethereum founder).