Gnosis is a decentralized cryptocurrency based on the Ethereum Protocol. It focuses mainly on trading in forecasting markets.
WHAT IS GNOSIS?
Gnosis is an open source, decentralized, peer to peer, global prediction market which also has a domestic currency called Gnosis Token or called merely Gnosis. Users of Gnosis are free to design their prediction charts, and others are free to take part in it. Users and companies can forecast future events. GNO will act as an oracle by enabling users to create events.
GNOSIS (GNO): HISTORY
GNO came to life in 2013, Martin Köppelmann and Stefan George started a Bitcoin-based prediction market. In January 2015, they launched Gnosis project and the Alpha version was issued in August. In November 2015, the design went live. In March 2017 Gnosis Ltd was established. In April 2017, Initial Token Auction was started and completed successfully.
HOW DOES GNOSIS (GNO) WORK?
The users can design a prediction or take part in a present one. The forecast chance of each outcome changes dynamically through a smart understanding. If a more substantial number of users predict one result over the other, that result has a lower payout as that is more expected to happen. The real concept of the prediction game is just like the real world. However, there is no central administration controlling the offers. The users can quickly come up with their ideas, and other users can freely participate in that.
HOW TO BUY GNOSIS (GNO)?
Gnosis can’t be bought directly for fiat on any exchange. The best way to purchase GNO is to use Bitcoin. Check if Coinbase is available in your country and buy BTC from it. Once the user has BTC with them, can head over to Kraken/ Liqui/ Poloniex/ Cryptopia and exchange it for GNO. The best place to store the GNO’s is the official wallet and if you are more concerned about security, then put this wallet inside a physical hard wallet.
GNOSIS (GNO) PRICE PREDICTION 2018
Gnosis can be a valuable investment option. GNO price equal to 138.788 USD at 2018-03-03, If you buy GNO for 100 dollars today, you will get a sum of 0.721 GNO. Based on our forecasts, a long-term increase is demanded, the price prediction of 2023-02-24 is 391.872 US Dollars. With a 5-year investment, the revenue is expected to be around +182.35%. Your current $100 investment may be up to $282.35 in 2022. GNO price today is $138.788 and have the current supply of 1,104,590 GNO. The market cap value is $153,702,594, and the volume is marked as $894,843.