Gnosis Price & Charts



Gnosis News

RSS Reddit

  • Listing on Bitfinex Today April 17, 2019
    submitted by /u/Coindar_ [link] [comments]
    /u/Coindar_
  • Gnosis FAQ — Updated April, 2019 April 16, 2019
    What is Gnosis? Gnosis was founded by Martin Köeppelmann and Stefan George, who previously led the creation of Fairlay.com, a centralized Bitcoin prediction market. The Gnosis initial coin offering was launched in April of 2017 with the overarching goal to build new market mechanisms on blockchain-based, decentralized platforms, to facilitate the redistribution of resources—from assets […]
    /u/GnosisPM
  • MultiSig on non default Trezor address April 12, 2019
    Hi, I'm trying to create a multisig wallet 2/3 and 2 of us used gave the 2nd Trezor address. The wallet interface at wallet.gnosis.io (which they say shouldn't be used for interacting with wallets and install locally, sadly 2 of 3 can't really npm install stuff, if any other way?) takes the default Trezor address, […]
    /u/Keref
  • Incentives for DxDAO participants to govern DutchX protocol ? April 9, 2019
    As far as I know: * DxDAO will govern the parameters of DutchX protocol. * DxDAO participants vote using Reputation (non transferable) as stake * Reputation can be gained by staking ETHs, ERC20s and trading on DutchX * Reputation will be distributed in some other ways at the start of DxDAO So, why would Reputation […]
    /u/gabavineb
  • How to Transfer Tokens from Gnosis LightWallet to Another Wallet April 8, 2019
    submitted by /u/GnosisPM [link] [comments]
    /u/GnosisPM
  • Restore Gnosis Multi-sig without JSON configuration script April 7, 2019
    Is there a way I can restore my wallet if I never exported the JSON config script? I can see the wallet in Etherscan.io but dont know how to restore it? submitted by /u/redantdc [link] [comments]
    /u/redantdc
  • GECO Pitch Day on April 17 April 6, 2019
    submitted by /u/Coindar_ [link] [comments]
    /u/Coindar_
  • We are closing down our slack - join our Riot chat! April 3, 2019
    As we announced on this blogpost a few months ago, we decided to move to an open source project with which we share more values, hence we chose Matrix/Riot. ​ Please join our chatroom here: https://chat.gnosis.pm ​ We will be closing our public slack next Monday 08/04/2019, so don't forget to join! submitted by /u/GnosisPM […]
    /u/GnosisPM
  • Trade Gnosis now on dex.blue April 3, 2019
    You can trade your favorite token now with complete security while having a great user experience! dex.blue/trading ​ ​ https://i.redd.it/gizbsvi792q21.png submitted by /u/dexdotblue [link] [comments]
    /u/dexdotblue
  • See live GNO rates from 20 exchanges April 1, 2019
    We've made it super simple to keep up on the latest prices of GNO in the market. You can visit and bookmark Fetch's GNO Page to see live GNO rates (and 200 other tokens) from 20+ exchanges. Enjoy and share any feedback or questions! You can also use Fetch as your wallet and make one […]
    /u/fetchtrading

RSS Twitter

What Is Gnosis ?

The crypto market has become a playground for creative and innovative people. From a Wi-Fi sharing coin to a real-estate property coin, everything has taken its time under the crypto sun. However, not all ideas are the same. Bitcoin and Ethereum are a great example of this fact. Bitcoin was built with the intent of disrupting PayPal and the entire digital payment industry. Ethereum, on the other hand, came into existence as a new way to use the internet. Ethereum’s smart contracts proved that the blockchain could do more than being a fancy ledger. And it is thanks to the Ethereum blockchain that Gnosis (GNO) is possible.

  1. The power of information

 

As technology takes over the way markets operate, predictive markets will start to gain more notoriety. Proposed by economist Friedrich Hayek in 1945 during his publication, The Use of Knowledge in Society, it was created on the principle of trade markets based on the outcome of an event. The purpose of the market is to indicate the probability of an event from happening. Gnosis takes this principle to a whole new level.

 

1.1 Predictive markets

 

In essence, this type of market only works by aggregating information about a specific outcome. But, unlike, traditional financial markets they are not under the pressure of limited accessibility

F. A. Hayek 1945. “The Use of Knowledge in Society,” American Economic Review, 35(4)

and liquidity. Moreover, there are current restriction and regulation towards existing financial sites by US government that extends well beyond US soil. According to the CFTC, Irish-based Intrade was sued and banned from trading exchange options by engaging in market manipulation. Additionally, corporate tycoons have also shunned away from predictive markets due to fear of poisoning the corporate environment.

 

That is why Gnosis came into existence. According to the whitepaper, “Our mission is to build an accessible prediction market platform enabling the free flow of useful information.”

 

  1. Gnosis

 

The goal of Gnosis (GNO) is straightforward. As explained in their whitepaper, their first goal is to build the world’s most efficient forecasting tool. The second goal is to create the “Google” of customised information searching. And their third goal is to become the standard for predictive assets.

 

The benefits of Gnosis extend far beyond what ordinary derivative markets can accommodate. An example of its reach can be found on the company’s whitepaper. “An Ether/USD currency can be implemented by creating a scalar market which asks, “What will the Ether/USD exchange rate be at a future date?” Liquidity from this market can then be used to offer Ether/USD tokens which are pegged to the USD value.”

 

The team behind Gnosis is Martin Köpplemann as CEO of the company, with Stefan George as co-founder and CTO. Matt Litson, Denis Granha, Milad Mostavi, Vlad Todirut, Giacomo Licari, Alan Lu, Dr Friederike Ernst, and Rami Khalil.

 

2.1 Gnosis Token

 

Gnosis needs a blockchain to operate, and any blockchain comes with a coin. GNO is the ticker of the token, and Poloniex and Kraken are currently trading it. The trading pairs for any interested investor are GNO/BTC and GNO/ETH. And, as of this writing, it is sitting at $69.73 on both sites.

 

For interested investors here are Gnosis main outlets.

 

Website: https://gnosis.pm

Twitter: @gnosisPM

Reddit: https://www.reddit.com/r/gnosisPM/

http://www.cftc.gov/PressRoom/PressReleases/pr6423-12

http://www.newyorker.com/news/john-cassidy/what-killed-intrade

Gnosis. Whitepaper. pp. 9

Gnosis. Whitepaper. pp. 15