Gnosis is a decentralized prediction market built on the Ethereum protocol. Gnosis provides an open platform for anyone to predict the outcome of any event and plans to drastically simplify the creation of customized prediction market applications. GNO is an Ethereum-based token that is used to incentivize long-term participation in the Gnosis platform.

Gnosis is a decentralized prediction market built on the Ethereum protocol. Gnosis provides an open platform for anyone to predict the outcome of any event and plans to drastically simplify the creation of customized prediction market applications. GNO is an Ethereum-based token that is used to incentivize long-term participation in the Gnosis platform, and allows users on the network to place prediction on future events which will act as there stake.

Team:

• Martin Koppelmann: CEO. (Twitter);
• Stefan George: CTO (Twitter);
• Matt Liston, Strategist: Strategist. (Twitter);
• Friederike Ernst: COO (Twitter);

Despite using a reverse dutch auction system Gnosis completed its ICO in only 12 minutes, selling 400,000 GNO tokens for the full cap of 250,000 ETH to 758 buyers creating an initial rate of $31.28 per GNO. Giving the project an initial valuation of 312.8 million as there are a total of 10,000,000 GNO created. 

The Gnosis team hold 96% of tokens and have said they will lock 99% of these funds for 1 year. Of the funding raised they aim to give 42% to platform and application development each. 4% for legal purposes and 12% for marketing and business development. 

Timeline and Sale terms