Started in 2015, Gnosis.io is a decentralized prediction market built on the Ethereum protocol. Third-party developers will also be able to introduce their own services. A prediction market utilizes user predictions to aggregate information about future events, Individuals will be able to create prediction markets for events, allowing users to buy shares of predicted events.
The platform employs a dual token structure: Gnosis.io(GNO) and OWL. GNO are ERC-20 tokens that the team sold during their ICO. OWL tokens are earned by staking GNO. The amount of OWL received is dependent on the length of the lock period as well as the total supply of OWL tokens in the market. The team is led by Martin Köppelmann (CEO), Stefan George (CTO), and Dr. Friederike Ernst (COO).
The Gnosis.io Developer Portal provides introductions, technical documentation, and tutorials, and the Gnosis Ecosystem Fund (GECO) provides teams with mentoring, marketing, and funding up to $100,000 to build on Gnosis.
Participate in GnosisDAO
GnosisDAO is the prediction market-driven collective, stewarding the Gnosis ecosystem through futarchy: governance by prediction markets.
A New Standard
The conditional tokens framework sets a new standard for event-based digital assets with a wide variety of use cases, from prediction markets to conditional bounty payments.
High-Res Information Discovery
Gnosis.io conditional tokens framework enables deeper combinatorial prediction markets, making information discovery for correlated events easy to access.
Through enabling conditional logic (“if this, then that”) for digital assets, the conditional tokens framework can mint digital assets with value contingent on arbitrarily complex logic.
The conditional tokens framework is oracle agonistic, meaning users can choose what information sources to rely on for reporting the outcome of an event.
Gnosis Protocol V2 leverages batch auctions to offer MEV protection, plus integration with liquidity sources across DEXs to provide traders with the best prices.Introducing V2 MEV (Maximal Extractable Value) is a phenomenon currently capturing value of up to 1% of all DEX orders on Ethereum, with profits going from users to miners or other arbitrageurs.
Through its batch auction mechanism, plus integration with liquidity sources across DEXs, GPv2 protects traders from MEV and guarantees they will receive the same price or better than other existing DEXs. GPv2 will be released in three stages. Learn more in the post Introducing Gnosis Protocol V2 and Balancer-Gnosis-Protocol.
The protocol has orders settled in consecutive, recurring batches, limited in size only by the gas block limit. Each batch enforces uniform clearing prices, meaning all orders executed within a given batch receive assets priced equally against other orders.
Coincidence of Wants
The protocol facilitates coincidence of wants among traders, meaning that when two traders each hold an asset the other wants, a trade can be settled directly between them without an external market maker or liquidity provider.
The protocol addresses the MEV problem by leveraging its batch auction mechanism that enforces tight slippage and does not rely on relative ordering of transactions.
Launching in mid-2021, BGP combines the best of both protocols, with Balancer V2’s flexible liquidity pools enabled by a single-vault architecture and asset managers, in combination with Gnosis Protocol V2’s price-finding mechanism and MEV protection.
Conditional Tokens Explorer
Gnosis.io Conditional Tokens Explorer (CTE) puts the ability to mint and redeem conditional tokens with customizable logic directly in the hands of users, without needing to go through prediction market platforms like Omen.
Gnosis Ecosystem Fund
The Gnosis Ecosystem Fund (GECO) provides teams with mentoring, marketing, and funding up to $100,000 to build on Gnosis.
Gnosis.io Users can fully customize how they or their team manage crypto assets, with the option to require a predefined number of signatures to confirm transactions.
While the code is always audited, we’ve gone one step further and formally verified the Gnosis Safe smart contracts.
Users can now put their funds to work in DeFi protocols directly from the platform using Safe Apps. Use your digital assets to invest, earn, borrow, invoice, do payroll, and more.
Users can interact with web 3.0 applications directly from the platform using WalletConnect.
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.