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GNO
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Gnosis
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Gnosis is an open-source, decentralized prediction market cryptocurrency built on the Ethereum blockchain. Users can create markets where they can speculate on any event or arbitrary outcome.

Using the Ethereum protocol, Gnosis can guarantee a secure and transparent ecosystem. The Gnosis protocol aims to change the paradigm by providing the world's most efficient forecasting tool and setting a global standard for forecasting markets.

Who is the creator of the Gnosis project? 

Gnosis (GNO) was founded in 2015 by Martin Koppelmann and Stefan George as part of ConsenSys, an Ethereum venture production studio. In April 2017, the Gnosis project was able to attract funding and became an independent company based in Gibraltar. 

Gnosis currently has more than 50 team members worldwide, and maintains its main development center in the Full Node co-working space, located in Berlin.

What makes Gnosis unique?

Gnosis offers a combination of unique products and tools for traditional blockchain enthusiasts. Market forecasting tools allow anyone to use customizable forecasting applications that allow you to trade any arbitrary event.

GNO also offers a decentralized exchange and Gnosis Safe-a secure way to manage digital assets. With three interoperable product lines combined with an active global team, Gnosis stands out from less established competitors.

The role of the GNO token is to maintain and manage the Gnosis network. At the moment, the value of the asset is 238.36 USD, and the volume of 24-hour trading is 6,804,100 USD. These indicators show that users are aware of its value by participating in various activities on the Gnosis network, primarily by participating in market events and trading. This is also indicated by the market capitalization of the token in 358,637,551 USD.

GNO allows users to use GNO smart contracts, make transactions on the network, and participate in management voting. Users also find added value in the information discovery that Gnosis provides.

How many Gnosis (GNO) coins are in circulation?

Gnosis (GNO) has 1,504,587 tokens in circulation, and the total maximum volume of 106,285,390 coins is GNO. This margin will never increase. The Gnosis platform held an ICO on April 24, 2017, and 10 million tokens were generated, and this was the only time that GNO tokens were issued.

GNO tokens can be purchased on the secondary market. GNO does not support staking or profitable farming. 

How is Gnosis protected?

The Gnosis platform uses a series of smart contracts built on the Ethereum platform, and therefore basic security is also provided by nodes and miners who secure the Ethereum network with Proof-of-Work.

The Gnosis platform conducts regular audits to ensure that the code in their smart contracts is up-to-date, secure, and consistent with the current Ethereum framework.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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