Prediction markets are slowllllyyy getting more popular in the crypto space.
Augur opened everyones eyes to it, but now there are others popping up.
Today’s review is of Gnosis.
Let’s dig in…
Gnosis (ticker: GNO)
Wtf is this shit?
Gnosis’ goal is pretty simple to explain but will take research to understand if you are not familiar with prediction markets. They are primarily focused on forecasting markets...more commonly known as prediction markets. They are built on Ethereum and are enthusiasts of prediction markets, they feel that it is a great way to hedge risk on a future event, and as more people ‘bet’ in a market, more data is fed into the global system for others to speculate.
They have created several products already, some in alpha, some more mature such as:
- Gnosis Olympia - currently in alpha, it is their premiere prediction market platform with a user-friendly interface
- Gnosis Safe - basically a wallet...an improvement on their previous multi-sig wallet to keep funds safe
- Dutch Exchange - a DEX based on the dutch auction principle
- Gnosis Trading Interface - lets users TRADE on prediction markets
- Lastly, they allow users to create their own prediction markets. They offer an SDK with more information on their developer page.
All in all - those are the main products which can be further researched, they are in early development still. The only thing we are skeptical about is that prediction markets are commonly misunderstood or not known. So, they have to educate potential users on what prediction markets are, then how to get involved in cryptocurrency.
Who tf is behind this shit?
They have two co-founders, Martin Koppelmann acting as CEO and Stefan George as CTO. Martin received his bachelors in engineering in 2010, and has since been self-employed. It seems he created Gnosis while at Consensys. Stefan seems to be of the same age with a masters in IT and was with Martin at Consensys. They are young, but Gnosis certainly has a name..let’s see how they do.
All in all, mid-tier shitcoin, mostly due to market metrics. We wish them luck.
Hope you learned some shit and be sure to follow us on Twitter!
- Mike and Aaron