Description:
Gnosis is a platform under development built on Ethereum to create predictive markets. In a predictive market, anyone can bet on an event (for example, the outcome of an election). These different bets are aggregated, thus providing a consensus around the probability of an event. The advantage of predictive markets is that they can obtain a "collective opinion", dynamic, less biased than that evaluated by a survey, due to economic incentives.
In the case of Gnosis predictive markets, for a given proposal, users take a stand and receive their reward if their prediction is correct via a smart-contract. Gnosis will not only place binary options (yes / no) but also multiple-choice questions or numerical entries (example: "what will be the score of such a candidate after the vote?")
The architecture of Gnosis, built on Ethereum's blockchain, breaks down into three levels: the heart, services and applications.
Heart: these are the basic smart-contracts (creation of an event, implementation of market mechanisms, oracle and management interface). The cost of creating a new market will be zero and this protocol layer is and will remain free and open source. Services: These services will use a fee model similar to that of the exchange platforms. This is the implementation of unstate channelPlus of explanations in English by Jeff Coleman. New market mechanisms, integration of a stablecoin and payment processors, open-source application templates, customization tools Applications, and an oracle.Applications: this is the front-end of some predictive markets in particular.In the economic model proposed by Gnosis, a wide variety of predictive markets may be proposed by third parties based on The same platform and the same liquidity.These applications will require fees, and will rely on alternative business models (market making, information sales, advertising ...)
Team:
The Gnosis team is made up of ten people working full-time, half of whom are developers, and wants to expand to 15 members. Prestigious advisors from the world of decentralized coins and blockchains, such as Joe Lubin (founder of ConsenSys) or Vitalik Buterin, also support the project.
Martin Koppelman: CEO of Gnosis, he is the creator of Fairlay, the biggest predictive market in bitcoins. Involved in the Ethereum ecosystem, this entrepreneur worked on different consensus mechanisms based on economic incentives.
Stefan George, CTO of Gnosis: entrepreneur and developer, present in the Bitcoin ecosystem since 2013, he also participated in the creation of Fairlay and put this experience to the benefit of this more ambitious project.
You can see the entire team on the Gnosis website.
The token:
The token issued by Gnosis is called the GNO. GNOs will generate Wisdom Tokens (WIZ), the value of which will be parity with the US Dollar and which will be used to pay the costs associated with the services and applications provided by Gnosis ).