Hey Steemians!! Hope you had a great day! Todays coin review will be on Gnosis! I hope you all enjoy it! Don't forget to suggest which Coin you want me to review next for a free upvote and follow!!!
Gnosis is a project that allows you to create arbitrary events on any information like predicting the stock price of Apple or who becomes the next US president. Gnosis will be one of the many disruptive forces that will implement changes in the financial, gambling or insurance system.
It will provide incentives to both local and global economies while also finding applications in market-based governance protocols.
The team has positioned the project to provide a long-term shift towards information arbitrage that will in no time power the use of The Internet Of Things. Other advanced forms of AI technology will also be covered. An explosion of machine intelligence is on the horizon and it is believed that Gnosis will leverage a global liquidity pool of information arbitrage.
Learn more about the progress of this ICO here:
I’m impressed that the project has been successful at assembling some of the brightest people around. I did a background check on the team details at the whitepaper and all I can say is that they have the required experience to take on this project. Here is a useful quote from the whitepaper of the CEO of Gnosis, Martin Koppelmann: “Martin Köppelmann has been an entrepreneur and thought leader in the blockchain space for more than 3 years. He co-founded the decentralized Gnosis prediction market - the first bigger dApp that went live on Ethereum. Closely related to prediction markets is his work on decentralized market driven governance mechanisms: Futarchy. Beyond the entrepreneurial activity Martin has done research on the economic incentive structure of different consensus mechanisms and scalability solutions via state channels. Martin co-hosts the Ethereum meetup groups in the Silicon Valley and San Francisco. Finally, Martin is well known for his work and research on “basic income on the blockchain: Circles” - a new currency built on top of Ethereum that aims to implement a basic income as monetary policy.”
If you plan on investing in this ICO here are some financial details that might interest you. The ICO started and ended on 24Th Apr 2017, trading with the token code GNO. Price in ICO was 29.85 USD and as of writing it is trading at 93.41 USD. This represents an ROI of 212.93%.
A total of 10 million tokens were up for sale and were all sold in the ICO launch. Investment source was ETH and the ICO successfully raised $12,500,000.
3 Month technical analysis shows a very slow decline but it would seem that the bulls are beginning to gain the upper hand with the recent upward trendline break. I fill that price action will continue to make higher-highs and lower-lows taking the price in a steady slope upwards.
Overall, this seems like an innovative project to invest in. It’s already very profitable. I am pretty impressed with the dedication and progress the team has made so far.
The information in this article is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.
