Price of Gnosis (GNO) today
As of the latest data, Gnosis (GNO) is currently priced at $329.65 with a market capitalization of $866.24M. The 24-hour trading volume stands at $18.57M, The circulating supply of Gnosis is approximately 2.59M. The cryptocurrency has seen a -0.48% decrease in value over the past 24 hours.
About Gnosis (GNO)
Gnosis (GNO) is a digital asset with a focus on prediction markets and decentralized finance. It offers a platform for users to create and trade prediction markets on various topics, allowing participants to bet on the outcome of future events. Gnosis utilizes blockchain technology to ensure transparency and security in these prediction markets, enabling users to make informed decisions based on crowd wisdom.
The asset's key features include a user-friendly interface, smart contract functionality, and integration with various decentralized applications (dApps). Gnosis also leverages decentralized governance through the GnosisDAO, allowing token holders to participate in decision-making processes regarding the platform's development and direction. This community-driven approach sets Gnosis apart as a decentralized prediction market platform.
Technologically, Gnosis is built on Ethereum blockchain, utilizing smart contracts to automate the creation and settlement of prediction markets. This ensures trustless and secure transactions, eliminating the need for intermediaries. With a strong focus on decentralization and user empowerment, Gnosis aims to revolutionize the way prediction markets are created and traded in the digital asset space.
How does Gnosis work?
Gnosis (GNO) is a decentralized prediction market platform that operates on a peer-to-peer network, allowing users to create, trade, and resolve prediction markets on various outcomes. Built on blockchain technology, Gnosis ensures transparency, security, and immutability of transactions through smart contracts. The platform utilizes a unique consensus mechanism known as the "Conditional Token Framework," which enables users to create conditional tokens representing different outcomes of an event. This mechanism allows for more accurate predictions and efficient trading of assets. Gnosis stands out from traditional financial systems by offering a decentralized and permissionless platform for users to engage in prediction markets without the need for intermediaries. Its diverse functionalities and potential applications span across industries such as finance, insurance, gaming, and governance, providing a decentralized solution for forecasting and decision-making processes.
How to keep your Gnosis (GNO) safe?
To keep your Gnosis (GNO) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Uphold, Coinbase, and Kraken offer secure storage options and two-factor authentication to further protect your assets. By utilizing these tools and platforms, you can safeguard your Gnosis holdings and have peace of mind knowing your investments are secure.
