The Ethereum-based prediction market platform
- Set of contracts on the Ethereum blockchain that allow to build prediction markets on any topic on top of them - Innovative token`s distribution model: the price of GNO token will be determined by a falling price specification - GNO tokens generate WIZ tokens which can be used to pay platform fee, subsidize the fees of other participants, provide initial subsidies for markets, or for market trading (WIZ can be redeemed to pay $1 worth of fees) - Fees can also be paid with the token that is used in the market (ETH/BTC) - The fee`s reduction mechanism
Gnosis will run on the decentralized Ethereum network using Smart Contracts. GNO and WIZ will be ERC-20 compliant.
|ICO start date||22 Apr 2017|
|ICO end date||22 Apr 2017|
|Additional Token Emission||No|
Total supply of GNO tokens will be fixed: 10 millions. The crowdsale will end when either of the following ending criterion is met: either $12.5M USD worth of Ether is collected, or 9 Million GNO tokens are sold
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