Binance Lists Gnosis (GNO) On August 30
The world’s largest crypto exchange Binance has announced today that its lists Gnosis (GNO). The exchange will open trading for GNO/BTC, GNO/BNB, GNO/BUSD, and GNO/USDT trading pairs at 2021-08-30 06:00 (UTC).
— Binance (@binance) August 30, 2021
What is Gnosis (GNO)
Gnosis consists of a variety of products, including Gnosis Safe, Gnosis Protocol and GnosisDAO, allowing users to create, trade, and hold digital assets on Ethereum. GNO is the governance token of the GnosisDAO to vote for governance proposals, and can also be used as for protocol fee payments pending future governance proposals.
Started in 2015, Gnosis 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 (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.