Gnosis (GNO) is a decentralized prediction market protocol built on the Ethereum blockchain. It allows users to create markets for any event or outcome, enabling speculation and information discovery. The platform operates through three interconnected layers: the Core Layer for smart contracts, the Service Layer for consumer applications, and the Application Layer for front-end tools. Gnosis uses two native tokens, GNO and OWL, with GNO being the primary token for staking and OWL being pegged to the US Dollar for transactions and fees. The platform aims to set a global standard for prediction markets, providing a secure and transparent ecosystem for users.
Gnosis (GNO) is the native token of the Gnosis ecosystem, serving multiple purposes within the platform. Here are the key uses of GNO:
Governance Token: GNO token holders can propose and vote on governance topics within the GnosisDAO, allowing them to participate in decision-making processes and shape the future of the project.
Staking Token: GNO is used for staking on the Gnosis Beacon Chain, which helps secure the network.
Transaction Fees: GNO tokens can be used as transaction fees on the Gnosis network.
Smart Contract Access: GNO tokens grant access to Gnosis smart contracts, enabling users to participate in various activities on the network.
Information Discovery: GNO provides value through information discovery, which is facilitated by the prediction markets and other tools within the Gnosis ecosystem.
Overall, GNO plays a central role in maintaining and operating the Gnosis network, and its holders have significant influence over the project's direction.
To store Gnosis (GNO) tokens, you have several options:
Hardware Wallets: Ledger and Trezor hardware wallets offer secure offline storage and backup for GNO tokens. These wallets are more expensive and have a learning curve but are suitable for larger amounts of GNO and experienced users.
Software Wallets: These are free and easy to use, available as smartphone or desktop apps. They can be custodial or non-custodial. Custodial wallets manage private keys for you, while non-custodial wallets store keys securely on your device. They are less secure than hardware wallets but suitable for smaller amounts of GNO and novice users.
Online Wallets: These are free and easy to use, accessible from multiple devices via a web browser. They are considered hot wallets and less secure than hardware or software alternatives. Choose a reputable service with a track record in security and custody for storing smaller amounts or for frequent traders.
MetaMask: MetaMask is a web browser extension and mobile app that allows you to manage your Gnosis private keys. It supports various browsers and has Android and iOS versions. You can configure it manually or use deeplinks for quick configuration.
Kriptomat: Kriptomat offers a secure storage solution, allowing you to store and trade GNO tokens without hassle. It provides enterprise-grade security and user-friendly functionality.
Obvious Wallet: The Obvious multi-chain wallet lets you store GNO tokens across all supported chains. It allows you to securely control your private keys and seed phrases, swap, receive, or send tokens on the Gnosis chain via your mobile.
Zengo Wallet: Zengo's wallet allows you to buy, send, receive, and trade GNO tokens securely. It offers multiple payment options and features simple recovery methods combined with state-of-the-art security systems.
Gnosis Wallet: The Gnosis Wallet is available as a browser extension and supports various browsers. It allows you to manage your GNO tokens and interact with the Gnosis network.
To buy Gnosis (GNO) tokens, you can follow these steps:
Create an Account:
- On Coinbase, download the app and sign up with a valid ID and proof of address.
- On Binance, register via the website or app and verify your identification.
- On Tap Global, open the Tap app and select Gnosis tokens from the list of cryptocurrencies.
- On Kriptomat, sign up with Google, Apple, or enter your name and email, then verify your email, phone number, and identity.
- On KuCoin, create an account and set a secure password, then enable 2FA and complete KYC verification.
Add a Payment Method:
- On Coinbase, tap on the payment method box and connect a payment method such as a bank account, debit card, or wire transfer.
- On Binance, choose from options like credit/debit card, bank deposit, or third-party payment channels.
- On Tap Global, deposit funds safely and for free directly to your unique Tap account by bank transfer or debit card.
- On Kriptomat, make a bank deposit or use your credit card to add funds.
- On KuCoin, add a payment method such as a credit/debit card, bank account, or other supported options.
Select and Purchase GNO:
- On Coinbase, select Gnosis from the list of assets, enter the amount you want to buy, and finalize your purchase.
- On Binance, click on the "Buy Crypto" link, select Gnosis, and confirm your order.
- On Tap Global, select Gnosis tokens from the list of cryptocurrencies and purchase directly with your debit card or bank transfer.
- On Kriptomat, click on the Kriptomat icon, select "Buy," choose Gnosis, enter the amount, and confirm your purchase.
- On KuCoin, select Gnosis from the list of cryptocurrencies, enter the amount, and complete the purchase.
- Store Your GNO:
- On Coinbase, your GNO will be stored in your Coinbase account.
- On Binance, you can store your GNO in your personal crypto wallet or hold it in your Binance account.
- On Tap Global, you can store your GNO tokens securely in the Tap app.
- On Kriptomat, your GNO will be stored in your Kriptomat account.
- On KuCoin, you can store your GNO in your KuCoin account or transfer it to a personal wallet.
Remember to carefully review fees, market prices, and security measures before making a purchase.
