The Gnosis cryptocurrency is designed for prediction markets. Although it was created back in 2015, it did not really develop until after 2021. GNO coins are circulating in the Gnosis network. Their maximum number is limited to 10 million. Technically, GNO is an ERC-20 token. Also members of the Gnosis network get extra OWL tokens for steaking GNO coins. The number of OWL tokens credited is determined by the Gnosis network algorithm. OWL tokens can be used to pay the commission on the platform. OWL has a stable rate, 1 OWL = 1 USD.
What are the main features of Gnosis
Outlook for Gnosis in 2022
Investors are attracted by the limited number of GNO tokens in circulation. To date, there are just over 1.1 million of the 10 million tokens originally issued. The remaining GNO tokens are owned by the team and are not yet scheduled to go into circulation. The rise of the cryptocurrency market could easily increase the price of GNO to $1,000 USD or more (as of early February 2022, 1 GNO is worth about $300). Currently, it is possible to easily exchange GNO tokens of the Gnosis network to tokens and cryptocurrencies of other networks through the bridge. This contributes both to the development of the Gnosis network and the growth of the cryptocurrency market as a whole.
We invite you to use our blockchain bridge to exchange tokens from the different networks, including GNOSIS network.
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