What is GNO? Overview of Gnosis and GNO tokens

What is Gnosis?

The prediction market is now becoming one of the most disruptive innovations in the fields of capital markets and data science since the beginning of the information revolution. First proposed in the early 90s, prediction markets have yet to gain traction in the fields of forecasting and decision making, despite being credited with many contributions to information aggregation. It wasn’t until the advent of powerful peer-to-peer computing technologies such as Ethereum and Bitcoin that the prediction market was flourishing with unimaginable speed and scale.

Gnosis is an open-source platform in the field of prediction markets, born to build a new market mechanism for decentralized finance. Gnosis includes 03 interinteroperable product lines (Gnosis Safe, Gnosis Protocol and GnosisDAO), allowing users to securely create, trade and hold digital assets on Ethereum.

Using Gnosis, users can predict the outcome of events on the open market by trading tokens. When the event takes place and has the results, the Gnosis token increases or decreases depending on the user’s prediction.

The core goal of Gnosis is to build a decentralized platform that allows anyone to participate in the prediction market, to customize information search and to become the standard for predictive assets.

3 platforms of Gnosis:

• Apollo: a prediction market platform that helps users create their own tokens
• DutchX: a decentralized exchange where users can trade and auction their tokens
• Gnosis Safe: an e-wallet and browser that can interact with Ethereum applications

What is GNO Token?

GNO is the governance token of GnosisDAO, representing the right to vote on governance proposals, which can also be used to pay protocol fees when future governance proposals are to be deferred.

Key metrics

• Ticket: GNO
• Blockchain: Ethereum
• Token standard: ERC-20
• Token type: governance
• Total supply: 10,000,000 GNO

GNO price today

Summary

By implementing information aggregation and empowering anyone to participate, the founding team believes that the Gnosis prediction market platform will form the basis for the digital information economy to scale globally and become a reliable forecasting tool for decision makers in the field of finance, government, insurance, etc.

Above is information about the Gnosis project compiled by Attlas Exchange. Traders are advised to do their own research before making an investment decision.

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