Gnosis update: GNO Live price, price chart, news and markets

The GNO price update as of now is $262.85. In the previous 24 hours, its trading volume was $8,062,303, and its value has decreased by -0.93%. As of now, GNO's live market cap is $290,345,191, and it is ranked as the #216 on the Coincu. GNO has a circulating supply of 10,000,000 and a maximum supply of 10,000,000.

Gnosis and Its Significance

Gnosis is a revolutionary platform developed for the prediction market, operating on a blockchain system. By allowing users to trade cryptocurrencies based on event outcomes, Gnosis tokens experience value fluctuations in real-time.

The Distinctiveness of Gnosis as a Platform

Understanding the Goals of the Project

Gnosis aims to establish a decentralized infrastructure for reliable forecasters, information sources, and standard prediction assets across various markets. It strives to provide decision-makers in finance, government, insurance, and other sectors with a valuable forecasting tool by aggregating public opinion and offering unrestricted access to its platform. Competing against Augur (REP), Gnosis continually progresses towards its ambitious objectives.

The Unique Features of Gnosis

Gnosis operates through three distinct platforms:

• Apollo – a prediction market platform that enables users to create their own tokens to represent information, incentives, or ideas.
• DutchX – a decentralized exchange where users can trade and auction their tokens.
• Gnosis Safe – a cryptocurrency wallet and browser that interacts with Ethereum applications.

In addition, Gnosis comprises three layers that integrate these platforms:

• Core Layer – encompasses smart contracts responsible for powering events, mediation, resulting tokens, and market mechanisms.
• Service Layer – offers supplementary services, including chatbots, payment processor integration, and stablecoins. This layer also controls the transaction fee model, with Gnosis predicting that the majority of consumer applications will engage with its features.
• Application Layer – constitutes market prediction dapps built on top of Gnosis. Although Gnosis develops some applications for prediction markets, most accessible applications within this layer are created by third parties who may charge users for their services.