Launched by co-founders Martin Köppelmann (CEO) and Stefan George (CTO) in 2015, Gnosis isn’t just another blockchain network – it’s a decentralized prediction market.
Prediction markets allow users to bet on the outcome of future market events, such as the rise or fall in value of a particular asset. Built on Ethereum, Gnosis also allows for third-party developers to introduce their own services.
With Gnosis, people can now put their money where their mouth is and capitalize on their market insights with the possibility of manipulation from a third-party. Gnosis uses a dual token structure, each with its own function. The Gnosis (GNO) token is an ERC-20 token and was sold by the team during its ICO, which raised nearly $300 million in 15 minutes.
Its other token, OWL, is earned by staking GNO and the amount received is based on the amount staked, length of the lock-in period, and the total supply of OWL. In late 2020, Gnosis announced its new decentralized autonomous organization, GnosisDAO.
According to the team, this will progressively decentralize the platform and bring governance to the Internet of Value.
Kriptomat offers the lowest possible market GNO price in euros (GNO to EUR).
Check out how to buy Gnosis on Kriptomat.