$GNO The GNO token is the native cryptocurrency of Gnosis, a decentralized prediction market platform built on Ethereum.
Key Points about GNO:
Name: Gnosis (GNO)
Blockchain: Ethereum (ERC-20 token)
Purpose:
Originally used for staking in Gnosis’s prediction market mechanism.
Now also plays a role in the Gnosis ecosystem, including Gnosis Safe, Gnosis Chain, and governance via GnosisDAO.
Supply: Fixed total supply of 10 million GNO tokens.
Use Cases:
1. Governance: Token holders can vote on protocol upgrades and decisions through GnosisDAO.
2. Staking: Used in conjunction with Gnosis protocols like xDAI staking or validator roles in Gnosis Chain.
3. Ecosystem utility: Supports tools like Gnosis Safe (secure crypto asset management).