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<h2>What is Gnosis?</h2>
<p>Gnosis is an open-source, decentralised prediction market protocol built on top of the Ethereum blockchain. The ecosystem offers three interoperable product lines that enable users to create, trade, and hold digital assets on Ethereum. It also has a developer portal that provides developers with introductions, technical documentation, and tutorials for building applications using the Gnosis product suite.</p>
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<p>The overall mission of the Gnosis Protocol is “to build a truly impartial exchange for information aggregation to quantify the future.” Gnosis uses three platforms to achieve this vision: The Apollo Network, a prediction market platform; DutchX, an auction-based decentralised exchange (DEX) protocol; and Gnosis Safe, a smart contract wallet running on Ethereum. </p>
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<p>Gnosis has two cryptocurrencies, GNO and <a rel="noopener noreferrer" href="https://crypto.com/price/owl?utm_source=crypto.com+university&amp;utm_medium=referral&amp;utm_campaign=gnosis&amp;utm_content=owl">OWL</a>. GNO is the native token of the Gnosis ecosystem. Its main use is to generate OWL tokens (which are used to pay fees on the Gnosis prediction market platform) via staking. Holders of GNO can also make use of GNO smart contracts, perform transactions on the network, and participate in governance votes. </p>
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<h2>A brief history of Gnosis</h2>
<p>Martin Köppelmann and Stefan George founded Gnosis in 2015 as part of ConsenSys, the Ethereum venture production studio. In April 2017, Gnosis obtained funding and broke out from ConsenSys to become a separate startup, successfully raising US$12,500,000 in an <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/investing-in-defi-ico-coin-offering-staking?utm_source=crypto.com+university&amp;utm_medium=referral&amp;utm_campaign=gnosis&amp;utm_content=initial+coin+offering+%28ico%29">initial coin offering (ICO)</a> that sold out in under 10 minutes. This was the only time that GNO tokens were created, with the total supply fixed to 10 million GNO.</p>
<p>In December 2017, the team released Olympia, a test version of its prediction market platform. In April 2018, Gnosis launched the 1.0 version of Apollo, its prediction market platform, and DutchX, a fully decentralised auction-based exchange.The team announced that its Gnosis Safe platform was made available on Arbitrum, Polygon, and Binance Smart Chain in July 2021.</p>
<p>Gnosis counts the founder of ConsenSys, Joseph Lubin, and Ethereum’s Vitalik Buterin amongst its advisors. </p>
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<h2>How Gnosis works</h2>
<p>Gnosis has a three-layered architecture, which comprises the Core Layer, Service Layer, and Applications Layer.</p>
<p>1. Core Layer provides the foundational smart contracts for the Gnosis platform</p>
<p>2. Service Layer offers additional services on top of Gnosis Core, such as chatbots, payment processor integrations, and <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/what-are-stablecoins?utm_source=crypto.com+university&amp;utm_medium=referral&amp;utm_campaign=gnosis&amp;utm_content=stablecoins">stablecoins</a></p>
<p>3. Applications Layer consists mostly of front-end tools that target certain prediction markets or consumer segments; some of the applications are created by Gnosis, others by third parties</p>
<p>Apollo, its prediction market platform, enables users to construct a market for any arbitrary event in which users may buy and sell positions to bet on the result. As time passes or linked events occur, some outcomes become more probable, increasing the value of the connected tokens. When the event is over, the tokens representing the ultimate result get the entire value of the bets, while the tokens representing the alternative outcomes become useless.</p>
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<h2>What is Gnosis used for? </h2>
<p>Its native token, GNO, is an ERC-20 token used in its prediction market platform and for Gnosis decentralised autonomous organisation (DAO) governance. As of June 2022, Gnosis has a circulating supply of 2.5 million GNO coins. The total supply of GNO is fixed at 10 million tokens.</p>
<p>Gnosis users may generate OWL tokens by locking them in a smart contract. These locked tokens cannot be exchanged, and the length of the lock period and the quantity of OWL issued vary. Users can use OWL tokens to pay for fees on the platform, with 1 OWL always equaling US$1. These fees are not credited to Gnosis or any other market participants, but are instead burned. </p>
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Gnosis

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.css-13hqrwd{font-weight:var(--chakra-fontWeights-medium);will-change:transform;transition-property:color;transition-duration:1.5s;}$120.19 USD

Gnosis Price Chart (USD)

Market Cap (USD)

24H VOLUME (USD)

Circulating Supply

Max Supply

Currency Converter

1 GNO = 120.19 USD

Buy GNO

General Information

Social Channels

Contract Address

About Gnosis

Gnosis Price Summaries

More about Gnosis

Where can you buy Gnosis?

Buy on Crypto.com App

Relevant resources

GNO Price Statistics

General Information

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Contract Address

GNO Price Statistics

Company

Resources

Support

$120.19 USD