Gnosis allows you to create arbitrary events to make predictions on any information like
Smart contract blockchain
Stefan George - Co-Founder, CTO
Martin Köppelmann - Co-Founder, CEO
Denis Grahna - Full Stack Engineer
Milad Mostavi - Full Stack Developer
Matthew Liston - Chief Strategist
Gnosis is called after prognosis. This cryptocurrency is meant for those, who want to make predictions for future. Make stakes, discuss your choices, and propose new predictions for community to make stakes on. Everything from the result of a baseball match up to the presumptive start of the WWIII is included here.
There is a feeling that the creators of the project are trying to combine several different industries in one project - sports, stakes, forecasting, finances etc. However, at the moment it is much more convenient to use separate projects for all these directions, because each of them has many different factors that affect the whole process of use. Union in this case rather disadvantage than benefit. In all other respects it is clear that the authors carefully approached the project, having worked all the important points.
User ReviewWrite review 2 reviews
This project have a great team, the team consists of experienced cryptoenthusiasts who are also a part of Consensys company. If you didn’t know, Consensys is an entity which helps with the adoption of Ethereum and is thought to be one of the most respected companies in the Ethereum sphere and blockchain sphere as a whole.
The main idea of gnosis, To be a platform where 3rd party developers create prediction market applications. To provide oracles and accept different centralized and decentralized oracles on the blockchain.
The disadvantages Gnosis:
1. Not yet open source
2. Ethereum blockchain risks.
Gnosis is a software project that’s been around for a while and is similar to Augur in that they’re building a decentralized prediction market on top of the Ethereum network.
A “prediction market” is essentially a “gambling” site that allows you to make bets on the outcome of a sports event, presidential election, etc.
In my opinion disadvantages of Gnosis:
Gnosis has adopted the so-called modified Dutch auction model. This ICO mechanism makes it very expensive to buy tokens in the first days of the crowdsale. And super very expensive in the first hour. And guess what, everything was bought out in the first 15 minutes. Basically, the longer the ICO takes time, the more tokens investors will get for less price. But investors were crazy about this project.
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