Gnosis Coin Price & Market Data
Gnosis price today is $260.44 with a 24-hour trading volume of $2,591,466. GNO price is up 6.0% in the last 24 hours. It has a circulating supply of 1.9 Million GNO coins and a total supply of 10 Million. If you are looking to buy or sell Gnosis, Balancer (v2) is currently the most active exchange.
What is Gnosis Token?
The Gnosis token, GNO, is an Ethereum-based ERC-20 token sold during the Gnosis ICO. Gnosis raised funds through its utility token GNO in 2017. The total GNO supply is 10 Million. The Gnosis ICO was held on 24 April 2017, in which ~5% of the total supply was sold. Gnosis raised the equivalent of 12.5 Million USD (250 000 ETH). Using a Dutch auction, the final price of GNO arrived at approximately 29.84 USD.
What is Gnosis?
Gnosis was founded in 2015 by Martin Köppelmann and Stefan George as part of ConsenSys, the globally leading Ethereum venture production studio. Gnosis was the first team to launch a live application on Ethereum in 2016, and four years later, Gnosis offers three leading product lines (conditional tokens for prediction markets, Gnosis Protocol, DEX, Gnosis Safe Multisig fund management platform) that allow you to securely create, trade, and hold digital assets.
Gnosis additionally supports infrastructure required to make their mission thrive, including initiatives such as:
Maintaining OpenEthereum, the fast, light, and robust client for Ethereum;
Hosting DappCon, a nonprofit conference for the Ethereum ecosystem;
Founding and running Full Node, a co-working space for decentralized technology initiatives to work and collaborate;
Investing in early stage projects via the Gnosis Ecosystem Fund;
In summary, Gnosis's mission is to build new market mechanisms for decentralized finance. Each product has complementary tokenomics designed to bring value to the Gnosis utility token: GNO.
What is the Gnosis Conditional Tokens Framework?
Gnosis developed the conditional tokens framework, which powers decentralized prediction markets like the Omen platform. Conditional tokens are a new event-based digital asset class. Through enabling conditional logic (“if this, then that”) for digital assets, the conditional tokens framework can mint digital assets with value contingent on arbitrarily complex logic. The conditional tokens framework enables deeper combinatorial prediction markets, making information discovery for correlated events easy to access.
What is Gnosis Protocol?
Gnosis Protocol is a fully permissionless DEX that maximizes liquidity with ring trades, order settlements that share liquidity across all orders rather than a single token pair. In 2021, Gnosis will release Gnosis Protocol v2, which will expand on and improve v1 with features including gasless UX, access to on-chain liquidity, and front-running prevention through uniform clearing prices in each batch auction.
What is the Gnosis Safe Multisig?
Gnosis Safe Multisig is the most trusted platform to manage digital assets on Ethereum. Users can fully customize how they or their team manage crypto assets, with the option to require a predefined number of signatures to confirm transactions. Users can now also put their funds to work in DeFi protocols directly from the platform using Safe Apps. Use your digital assets to invest, earn, borrow, invoice, do payroll, and more.. Gnosis Safe currently holds more than 2% of the total ETH supply and over $12B in total value
What can you do with Gnosis Token? / Who governs Gnosis?
GnosisDAO is the prediction market-driven collective. Testing the limits of governance by prediction markets, known as futarchy, GnosisDAO will use Gnosis products to transparently guide decisions on development, support, and governance of its token ecosystem. Each product has complementary tokenomics designed to bring value to the Gnosis utility token: GNO. After initialization, GnosisDAO is to have effective control over 150K ETH and 8 Million GNO tokens. Anyone can participate today by joining the Gnosis Forum.
How to obtain Gnosis Token (GNO)?
GNO tokens are available for purchase on some decentralized and centralized exchanges.