How to Buy Gnosis (GNO )

Gnosis is a decentralized prediction market network launched in January 2015. It is an Ethereum-based protocol for developers to run prediction market applications. People can generate, trade, and sell digital assets on this network. Apollo is the name of the Gnosis platform where users can do all these functions, which is accessible from the Gnosis website. Furthermore, the Gnosis protocol has the ability to create conditional tokens, which are a new asset class in this market. Then the users on this platform can trade conditional tokens and other digital assets using a decentralized market mechanism. Gnosis aims to provide an infrastructure for decentralized applications that can act as a prediction tool, information source and standard for the predictive asset.

GNO is the native token of the Gnosis network. It is an ERC-20 token based on Ethereum. Thus, it can be kept in all Ethereum-based wallets. However, the Gnosis network has two tokens: One is GNO, and the other is called OWL. These tokens work together and somehow complete each other. First, the users on this network need to have GNO to be able to stake OWL. Then they need OWL tokens to do other jobs on the network. Therefore, people buy GNO to create OWL, which is a stablecoin equal to $1. People don’t use OWL outside of this protocol. However, they can buy, sell, and invest in GNO tokens. The maximum supply of GNO is 10 million tokens.

The Gnosis network is built on the Ethereum blockchain and works with smart contracts. This means, no third party is involved in transactions or projects on this network. Furthermore, it uses a Proof-of-Work mechanism to secure the platform. Therefore, the platform is considered safe and reliable. 

Regarding its coin, GNO is also an Ethereum-based coin. Therefore, you can keep them in all the trusted and secure Ethereum wallets. In the case of security, always purchase GNO from trusted exchanges and create a strong password for any wallet you choose.

GNO token is a governance coin, which means it can be used for voting inside the platform. GNO holders can vote on different subjects and may have the ability to change rules and regulations on this platform. The other benefit of GNO is creating smart contracts, which are very useful on the blockchain. Meanwhile, the main use of GNO is creating an OWL token. It is helpful for people who want to work on the Gnosis network and create decentralized applications. But if you are unfamiliar with this process, you will not need to use GNO coins to stake OWL tokens.

Most people see cryptocurrency as an investment. You can invest in GNO too. Since its price is not stable and changes from time to time, it has shown it could be a good investment in the past. However, no one can tell you if the investment in GNO will be profitable in the future. Therefore, you should be more aware of the crypto market if you want to invest in GNO.