Gnosis is a decentralized prediction market based on the Ethereum protocol that was founded in 2015. Third-party developers will be able to launch their own services as well. The current Gnosis price is $265.69 USD, with a 24-hour trading volume of $7,369,224 USD. The GNO to USD price is continuously updated. In the previous 24 hours, Gnosis has gained 1.24 percent.
With a live market cap of $399,757,479 USD, the current CoinMarketCap ranking is #152. It has a circulating supply of 1,504,587 GNO coins and a maximum supply of 10,000,000 GNO coins.
About Gnosis GNO
Gnosis produces new decentralized financing market mechanisms. A pioneer in construction Gnosis is also involved in the development of Ethereum's infrastructure. Initially developed as an internal tool, the Gnosis Safe Multisig solution has evolved into the most trusted platform for managing digital assets, with over USD 900 million in ETH and ERC-20 tokens.
The achievement of the Gnosis Safe Multisig exemplifies the methodology: in order for blockchain technology to meet expectations, the developers have contributed to a thriving product ecosystem for consumers.
What is Gnosis GNO?
Gnosis (GNO) and OWL are the two tokens used by the platform. GNO tokens are ERC-20 tokens that the team sold during its initial coin offering (ICO). Staking GNO earns OWL tokens. The quantity of OWL obtained is determined by the duration of the lockup phase and the market's entire quantity of OWL tokens. Since the founders of Gnosis & employees hold firm equity in ConsenSys. Therefore the company holds the ownership of utilizing ConsenSys projects, services, and additional benefits.
Who Are the Founders of Gnosis GNO?
In order to make Gnosis a huge success and most desired digital asset operational globally. It has required a team of super-talented individuals with years of digital currency knowledge and software creation skills. Disclosing the prestigious team of Gnosis includes the leader Martin Köppelmann (CEO) with Stefan George (CTO), and lastly Dr. Friederike Ernst (COO).
What Makes Gnosis GNO Unique?
On the Gnosis system, there are 2 distinct currencies that fulfill two distinct roles. GNO is meant to encourage long-term engagement in the token ecosystem, whereas OWL is designed to interface with networks. Gnosis technology is independent of oracles. Instead, Gnosis' conditional tokens framework prioritizes creating a worldwide liquidity pool for crypto assets generated through prediction markets, which is accomplished through the use of an automated market maker and other unique design characteristics.
Where Can You Buy Gnosis GNO?
The top-notch most reliable exchanges to buy this digital asset includes Binance, HitBTC, Hotcoin Global, Gate.io, and BKEX.
Frequently Asked Questions About Gnosis GNO
Is Gnosis GNO going to be available on any other blockchains that accept Ethereum?
Currently, Ethereum appears to be the best blockchain option for achieving this purpose. Gnosis' products and platforms can become blockchain agnostic, allowing them to work with many underlying blockchains.
How many Gnosis GNO tokens are there in circulation?
The overall number of GNO tokens available is limited to ten million. The quantity of OWL used is variable and varies on the platform. There are 1,384,226 GNO in circulation at the time of this update.
On What Factors Does The Price Of The Gnosis GNOD Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact GNO’s price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature. Therefore, it's wide enough to quote that Gnosis GNO tokens have been upgraded to a new all-time high translation volume of almost $264.23 U.S Dollars per token.
The increased value of GNO is sufficient enough to prove its worth in the eyes of stakeholders and future investors. In addition to that, Gnosis GNO with every bit of share permitted to users gives another opportunity of trading.
Gnosis GNO Official Website –https://gnosis.io/
Gnosis GNO Twitter –https://twitter.com/gnosisPM
Gnosis GNO Reddit –https://reddit.com/r/gnosisPM
