Market Rank | #155 |
---|---|
Market Cap | $ 690.5M |
Volume 24h | $ 16.5M |
Circ. Supply | 2.6M |
Total Supply | 3.0M |
Max Supply | 3.0M |
Genesis Date | 18/4/2017 |
As of today, the price for Gnosis, or GNO, is $ 266.65. Over the last 24 hours, it has decreased by -0.29%.
Gnosis is a blockchain-based platform that was created to produce crowdsourced wisdom. The name 'Gnosis' literally means 'knowledge' in Greek, reinforcing its goal of gathering knowledge through a decentralized and democratized approach. The primary component of the Gnosis ecosystem is its currency, the GNO token. This token is used in the platform as a utility token, primarily for incentivizing information exchange on the platform.
Gnosis was founded by Martin Köppelmann and Stefan George in 2015. They both had a strong background in blockchain technologies and were involved in the Ethereum project before creating Gnosis. Their main goal was to create a blockchain-based predictions market that could leverage the collective wisdom of the crowd.
Gnosis operates as a prediction market platform built on Ethereum. This means that anyone can create prediction markets on the platform. Participants use the GNO token to buy and sell shares in these prediction markets, betting on the outcomes of different events. These markets can then distill this collective prediction into a single, most likely outcome.
One of the main unique factors about Gnosis is its application of the wisdom of crowds concept. By gathering a large number of predictions on conflicts or events, it is believed that the platform can produce a more accurate forecast than any individual could alone. This makes Gnosis a strikingly unique project within the blockchain and cryptocurrency space.
Being built on the Ethereum blockchain, Gnosis benefits from the security of one of the largest blockchain networks in the world. The Ethereum network uses proof-of-stake consensus algorithms, making it highly secure against hacking attempts and fraudulent activities.
As of now, the circulating supply of Gnosis (GNO) is 2.6M, out of a total supply of 3.0M.
The price for Gnosis (GNO) currently is $ 266.65. Keep in mind this value fluctuates as per market conditions.
You can purchase Gnosis (GNO) from several Bibox, Probit, BitMax, Bitkub, Korbit. Please make sure to do your own thorough research about the platform and the process before making a purchase.
The security of your Gnosis tokens, like any other cryptocurrency, will depend on how securely you manage your private keys. Always try to use hardware wallets or other secure types of wallets, and never disclose your private keys to anyone.
Apart from trading on various exchanges, Gnosis has various practical applications within the fields of finance, insurance, governance and more. The predictive power of the Gnosis platform has the potential to impact a wide range of industries.
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