Buy Gnosis (GNO), it’s easy!

Why Buy Gnosis (GNO)?

One of the main reasons to consider buying Gnosis could be the versatility of its development team. Initially conceived as the most popular and widely used prediction market, the project later shifted its focus to primarily meet the demand for infrastructural tools that help expand the utility of the Ethereum ecosystem.

Since 2019, the ecosystem has developed on multiple levels. The primary level involves prediction market smart contracts managed by Conditional Tokens. Additionally, there are service-level components such as chatbots and stablecoins. Gnosis Safe, a multi-signature account, and the decentralised exchange Cow Protocol address the security level. Lastly, Zodiac, a platform that provides tools and standards for DAOs, supports the application level.

When considering whether to buy Gnosis, it’s important to know that the reference token is GNO. GNO was launched in 2017 through an ICO that raised $12.5 million in less than 10 minutes.

What It Is and How It Began

In order to purchase Gnosis, it’s important to have a good understanding of how it functions. Originally, this protocol was established as a prediction market based on blockchain technology. It provided a platform for making predictions about future events and competing with others who held the opposite view, allowing users to earn rewards if their predictions proved to be accurate. Gnosis was established in 2015 and utilises a combination of data science and market databases to forecast events, trends, and create decentralised applications. However, the project eventually expanded beyond prediction markets and developed additional decentralised infrastructures to support its primary function.

Launched during the first era of altcoins, Gnosis’s founders are Martin Köppelmann (CEO), Stefan George (CTO), and Dr. Friederike Ernst (COO). The founders’ work began in the winter of 2015, with implementation on Ethereum in August of the same year. Gnosis represents the first true DApp on the blockchain created by Vitalik Buterin. The network’s success continued in the following years, leading to the creation of a dedicated DAO (GnosisDAO).