Gnosis Market Cap Reaches $426.86 Million (GNO)

Gnosis (GNO) traded 7% higher against the dollar during the one day period ending at 21:00 PM ET on August 5th. Gnosis has a total market capitalization of $426.86 million and approximately $5.97 million worth of Gnosis was traded on exchanges in the last day. One Gnosis coin can currently be purchased for approximately $165.48 or 0.00711167 BTC on popular cryptocurrency exchanges. During the last week, Gnosis has traded up 0.3% against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 2.7% higher against the dollar and now trades at $23,265.95 or 0.99990000 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00004297 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0% higher against the dollar and now trades at $1.00 or 0.00004297 BTC.
  • Polygon (MATIC) traded up 3% against the dollar and now trades at $0.92 or 0.00003945 BTC.
  • Mammoth (MMT) traded 6% lower against the dollar and now trades at $0.85 or 0.00003632 BTC.
  • yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002197 BTC.
  • FTX Token (FTT) traded up 5.7% against the dollar and now trades at $30.76 or 0.00132216 BTC.
  • Chainlink (LINK) traded up 6% against the dollar and now trades at $7.82 or 0.00033606 BTC.
  • Geegoopuzzle (GGP) traded 2.6% lower against the dollar and now trades at $14.86 or 0.00063864 BTC.

Gnosis Coin Profile

Gnosis is a coin. Its genesis date was April 18th, 2017. Gnosis’ total supply is 3,000,000 coins and its circulating supply is 2,579,588 coins. The official message board for Gnosis is medium.com/gnosis-pm. The Reddit community for Gnosis is /r/gnosisPM and the currency’s Github account can be viewed here. The official website for Gnosis is gnosis.io. Gnosis’ official Twitter account is @gnosisPM and its Facebook page is accessible here.

According to CryptoCompare, “

GnosisDAO builds decentralized infrastructure for the Ethereum ecosystem.

In late 2020, Gnosis announced plans to fully decentralize into a DAO (Decentralized Autonomous Organization). Today, the GnosisDAO treasury has effective control of over 150K ETH and 8 Million GNO tokens, with the GNO tokens vested over 8 years. 

A year later, in 2021, the xDai and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering. Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai token and includes a wide-ranging group of projects and users.

The Gnosis mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem.

Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success is demonstrated by the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.

Buying and Selling Gnosis

It is usually not currently possible to buy alternative cryptocurrencies such as Gnosis directly using U.S. dollars. Investors seeking to acquire Gnosis should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Gnosis using one of the aforementioned exchanges.

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