Gnosis (GNO) Will Be Listed On Atomars

What is Gnosis (GNO)?

History of Gnosis

The project held an ICO in April 2017, where the team had a hard carp of $12.5 million. This was done within 10 minutes while retaining 95% of the tokens. Faced with backlash, the team locked the tokens in a vault promising not to dump them on the market. They also promised to give at least a 3 month warning before selling any of the tokens.

In December 2017, the Olympia platform was launched and in the second quarter of 2018, the team launched DutchX. Apollo was also released in 2018. For now, they are developing the Gnosis Safe. There are versions for Android and Google Chrome, and work is ongoing on the iOS product.

Members of the team include respected names like Joseph Lubin (Co-founder of Ethereum and founder of ConsenSys) and Vitalik Buterin ( Founder of Ethereum and chief scientist). However, these are no longer listed as advisors on the main website.

How Does Gnosis Work?

A prediction market is based on predictions by users to gather information about future events. Users in the market trade tokens which represent the outcome of a particular event. Since there are outcomes that are more likely to occur than others, the open market has several of these tokens representing different values. With the passage of time or unfolding events, the likelihood of token outcomes happening increases as their value increases too. Once the event happens, tokens that represent the final outcome will receive their full value, while the remaining tokens become worthless.

Two methods exist to make money on a prediction market. The popular way is to correctly predict the outcome of events. The less popular option is to trade outcome tokens to earn a profit when market swings occur.

Where to Buy and Store GNO

Gnosis (GNO) will be Listing on Atomars

About Atomars

Fast and Secure Digital Assets Exchange Platform

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store