summary: Gnosis is a prediction forecast platform that allows users to buy shares in the outcome of events. It was founded in 2015.
content: Gnosis is a prediction market forecasting platform that allows users to buy shares in the outcome of events. These shares are purchased in the form of WIZ tokens, an abbreviation for wisdom, which is received in exchange for GNO tokens. Overview "Gnosis" is a word with Greek roots that means knowledge. In particular, a sort of personal, spiritual knowledge, rather than general intelligence. Gnosis is a prediction market that allows users to make wages on events that are yet to happen. It's a platform where people can be rewarded for their knowledge. The market runs on conditional tokens that represent a guaranteed payout of a collateral token only if one or more pre-determined conditions are met. The prediction platform employs a dual token structure which is Gnosis (GNO) and OWL. The GNO are ERC-20 tokens that were sold by the team during their Initial Coin Offering (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. Gnosis adds to the cryptocurrency ecosystem by allowing users to trade for the outcomes of certain events. These can range from predicting the price of a certain asset to betting on the outcome of elections. Team Gnosis is led by Martin Köeppelmann (CEO), Stefan George (CTO), and Dr. Friederike Ernst (COO). $OWL Tokens OWL tokens are used to pay fees on the Gnosis prediction market platform. OWL tokens are pegged to the US dollar so that every OWL token is worth $1. Gnosis adjusts the OWL token distribution to maintain its peg. GNO Token The Gnosis cryptocurrency, GNO, is an Ethereum-based token sold during the Gnosis Initial Coin Offering (ICO). The primary use case of GNO is for generating OWL tokens via staking. Users can lock GNO for a certain amount of time (up to one year) to earn rewards. The amount of OWL received is calculated based on the length of the staking period. The total supply of GNO is fixed at 10 million tokens, meaning GNO tokens may hold value for anyone looking to enter Gnosis markets. Note that both GNO and OWL tokens derive value from their roles in facilitating the operation of the decentralized Gnosis network. How Gnosis works Gnosis is comprised of three separate platforms: Apollo, DutchX, and Gnosis Safe. Apollo: A prediction market platform where users can create their tokens (tokens that represent information, incentives) DutchX: A Decentralized Exchange (DEX) where users can trade and auction off their tokens. Gnosis Safe: A cryptocurrency wallet and a browser that interacts with Ethereum apps.