GNO is the native token of the Gnosis ecosystem. It’s used for staking on the Gnosis Beacon Chain and acts as the governance token for the GnosisDAO.
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.
In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: an EVM compatible, community owned network that prioritizes credible neutrality and resiliency. It uses the xDai token and includes a wide-ranging group of projects and users. Secured by over 100k validators around the world, Gnosis Chain has all the tooling you are used to and trustless bridges to mainnet soon. Using the same execution layer and consensus layer clients as Ethereum, Gnosis Chain is compatible with all future EIPs.
Zengo has all the best features for your crypto! You get easy access to your assets, fluid trades, guaranteed token recovery, and powerful protection from hackers. And that’s just the basics! There is lots more to ZenGO, so here’s what you need to know about Zengo’s keyless wallet:
Managing your GNO shouldn’t be stressful or time-consuming. That’s why we made sure Zengo replaces other crypto management apps or forums to give you all the info you need in one place. Track your portfolio, and market movements all in one place.
Zengo makes moving GNO quick and easy! With only a few swipes you can send crypto anywhere. To receive, all you need to do is share your wallet address with the sender. As soon as the coins are in your wallet, Zengo will send you a notification.
Zengo makes purchasing GNO easier than ever. Zengo believes that everyone should be able to have access to crypto, which is why we offer multiple payment options for our customers.
There is no need to trade your current portfolio for new tokens. With the Zengo app, you can purchase GNO using fiat currencies such as Euros, US Dollars, or the Pound sterling. All while the Zengo app keeps your assets secure.
Using Zengo’s wallet, you can buy GNO and other crypto assets with several convenient payment methods. Zengo is compatible with Mastercard, VISA, SWIFT, mobile payment apps, SEPA, and Bank Transfers (although in the EU or UK, minimum amounts apply).
If you want to store GNO tokens for a long time, Zengo is what you need. Our wallet features simple recovery methods combined with state-of-the-art security systems. In plain English, with Zengo, you always have access to your crypto even if you lose, break, or change phones.
Our savings service at Zengo has better interest on savings than most traditional banks! But keep in mind that this offer only applies to certain coins. Just keep checking in because new deals are always coming online.
Thinking about buying some GNO? Here are the key points about the project:
GNO is a token for interacting with Gnosis prediction markets which create conditional tokens. These tokens are tied to real-world events and traded based on users’ predictions.
The creators of Gnosis believe that prediction markets represent uncensored data on real-world events which could be of use to predict events. Government, investors, and insurance companies might benefit from prediction market data.
GNO is required to participate in Gnosis DAO governance and to earn OWL tokens, a stablecoin pegged to the USD. The Gnosis platforms incentivize users to pay for their fees in OWL tokens on the gnosis DEX and prediction markets.
The GNO initial coin offering was in 2017 alongside the prediction market then named Olympia. Gnosis has now grown to include a DEX and multisig wallet. Initially, the stablecoin Gnosis offered was called WIZ but rebranded to OWL in 2018.
The total supply of Gnosis has already been generated, and no more can be mined. GNO tokens can instead be staked to earn OWL, a stablecoin that can be used across Gnosis platforms.
GNO is an ERC-20 token built on the Ethereum blockchain. In 2021, Gnosis Chain was announced, which is an Ethereum virtual machine made from the combined resources of xDAI and Gnosis to facilitate faster transactions of stablecoins.
Indeed users do perform trades that bet on the outcomes of real-world events. However, holding GNO tokens is not the same as participating in prediction markets. Its creators point out that by incorporating smart contracts into prediction markets rather than a central authority, the data obtained can be protected from censorship and bias, and can even be used to predict future events.
Zengo is simple and flexible without compromising security. With a Zengo keyless wallet, your coins are always secure and easy to access whenever you need them.
Zengo’s state-of-the-art security solutions will never interfere with your crypto trading. Zengo is a non-custodial platform, which means that your funds are always accessible and under your control.
Zengo knows how important it is to keep your crypto safe. Our advanced 3-factor authentication, powerful facial recognition technology, and threshold key signature (TSS), make it nearly impossible for hackers to access your assets.
Zengo’s wallet allows you to buy, sell, send, and trade GNO tokens with a few easy taps. Zengo is fast and easy to use, but you always keep control of your coins.
Zengo is a non-custodial wallet, but we still guarantee the recovery of your funds. If your phone is broken, goes missing, or is stolen, Zengo’s advanced biometric verification process makes sure your funds return to you.
Why talk to a bot when you can ask a real professional for help? Our in-app support is available 24/7 to resolve any issues that can come up.
Need more details about Zengo’s GNO wallet? Check out the Q&A below to find the answers:
Zengo makes sure trading and holding GNO isn’t complicated. Find the app in Google Play or the App Store. After you download and install it, complete the prompts to set up identity verification. Once you’re set up, go to the home screen to buy your first crypto!
In order to hold GNO tokens, you will need a wallet like Zengo that can support it.
Zengo’s advanced biometrics and built-in security features keep your assets safe from hackers. Even if your phone breaks, gets lost, or is stolen, our authentication methods will recover your crypto, so you don’t have to worry.
Crypto wallets serve as proof of ownership. To store your Gnosis coins, you will need a wallet that is compatible with GNO. When you choose a Zengo wallet you can also buy, sell, and hold GNO without any hassle.
It’s not hard! You only need to follow these five steps:
Welcome to crypto! You are now all set to purchase your first digital assets.
Once you open your Zengo account, your unique wallet address is created. To see it, choose GNO from the Zengo home screen and swipe to the right. You will be shown a long line of numbers and letters which make up your wallet address. In order to receive GNO, show these to the sender. If they are with you in person, the quickest way to share your address is to have them scan the QR code shown!
If you wish to gift GNO tokens to someone, it’s essential the recipient has a wallet that supports GNO. In case they don’t have one yet, just give them an invite to get Zengo!
In order to send GNO, navigate to the Zengo home screen, click the token, and swipe left. Make sure you have your friend’s wallet address in order to complete the prompts. Choose send, and the person will get a notification when the GNO is in their wallet.
With just a few taps! Find GNO on the Zengo home screen. Select it, and swipe left. Have the receiver share their wallet address and enter it into the app, follow the prompts, and tap send. Once the funds arrive, the receiver will get a notification.
To receive GNO tokens, share your GNO wallet address with the sender. To get your address, search for the GNO icon on the Zengo home screen. Touch it, and swipe right. The app will show a string of numbers and letters that are your GNO wallet address. Get the sender to scan the QR code or copy the numbers and letters. When the funds arrive, you will get a notification!