Exchange Gnosis (GNO) at the Best Rates

Gnosis Crypto: The Community-Run Chain

One of the Top-100 crypto projects on the market is Gnosis. Recently, it started its bull run, which makes many people wonder: What is Gnosis crypto? Gnosis was initially started as a prediction market platform and was the first team to launch an application on top of Ethereum. However, the project has evolved and is now an ecosystem of open-source, decentralized applications. Gnosis Chain is protected by more than 140k validators, and its broad validator set and community governance ensure that it remains credibly neutral at a significantly cheaper price point than mainnet. Let’s take a closer look at Gnosis crypto and the project’s characteristics.

Gnosis Overview

Gnosis is an open-source, decentralized prediction market that runs on the Ethereum blockchain. Users can establish markets to speculate on any event or arbitrary conclusion. Martin Köppelmann and Stefan George co-founded Gnosis in 2015 as part of ConsenSys, an Ethereum startup production studio. In April 2017, Gnosis was able to raise finance and establish itself as an independent company in Gibraltar. Gnosis now employs over 50 people worldwide and has a primary development core in Berlin at the Full Node co-working facility. 

In essence, Gnosis uses the Ethereum Protocol to ensure a secure and transparent ecosystem. The Gnosis protocol seeks to change the paradigm by introducing the world's most efficient forecasting tool and establishing a global standard for prediction markets.

Gnosis provides three primary products for GNO consumers, each with three independent layers to ensure a proper user experience. The Apollo Network (Gnosis' prediction market) enables users to construct a market for any arbitrary event, in which they can buy and sell positions to speculate on the result. As time passes and associated events unfold, certain outcomes become more plausible, increasing the value of the related tokens. Once the event has concluded, the tokens representing the ultimate conclusion receive the entire value of the bets, while the remaining tokens indicating the other outcome become useless.

Gnosis Layers

As a project, Gnosis consists of a number of layers:

1. Core Layer. The core layer consists of the Gnosis protocol, which is the foundation of the platform and is responsible for facilitating the creation and settlement of prediction markets. The Gnosis protocol uses smart contracts to enforce the rules of each prediction market and to ensure that the outcome of each market is fair and transparent. The protocol is also responsible for managing the flow of tokens on the platform, including the creation and redemption of event-based tokens.
2. Services Layer. The services layer consists of various tools and services that allow developers to build applications on top of the Gnosis protocol, such as the Gnosis API and the GnosisJS library. The Gnosis API provides developers with access to the Gnosis protocol and allows them to build their own applications using the Gnosis platform. The GnosisJS library is a collection of JavaScript tools and libraries that make it easier for developers to build dApps on the Gnosis platform.
3. Application Layer. The application layer consists of various decentralized applications that are built using the Gnosis protocol and services. These dApps allow users to interact with the Gnosis platform and access various features and services, such as creating and trading prediction markets, managing their tokens, and participating in governance.

What Is Gnosis Coin?

$GNO is Gnosis' native governance token. $GNO token holders can propose and vote on governance issues within the DAO. $GNO tokens can be converted into OWL tokens (a stablecoin used for fee payment inside the Gnosis ecosystem) by storing them in a vault.

What Is Safe by Gnosis?

Launched in collaboration with Sygnum, a global digital asset banking group, and Coincover, a UK-regulated recovery service provider, Safe{RecoveryHub} offers a curated suite of crypto recovery options. Built with Safe’s battle-tested smart account infrastructure at its core, this marketplace of solutions lays the technical groundwork for a tailored approach to smart account recovery. Gnosis provides users with detailed guidelines on how to set up the recovery system.

Safe{Wallet} users can set-up customized account recovery to help regain access to their lost account. Account recovery is supported for the following networks: Ethereum, Arbitrum, Optimism, Polygon, and Gnosis Chain.

Is GNO Crypto a Good Investment?

It very well may be. Websites like Binance believe that by 2030, Gnosis coin will cost at least $414.42, however, even at the moment of writing, GNO trades for over $300. Many crypto experts, such as PricePrediction, have a much more optimistic outlook on the future of Gnosis, with it reaching $4,716 by 2030. However, the volatility of the crypto market always plays a crucial role in any crypto endeavors, so, like all crypto assets, GNO makes a risky investment.

Where Can I Buy Gnosis (GNO) Coin?

StealthEX is here to help you buy Gnosis (GNO). You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, BTC to GNO. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.