Buy Gnosis (GNO)

Gnosis is a decentralized prediction market platform built on the Ethereum blockchain. It aims to enable users to create and trade in prediction markets, where individuals can speculate on the outcomes of future events, such as election results, sports events, or the price of cryptocurrencies. The Gnosis platform operates on the principle that the collective wisdom of a diverse group of participants can yield more accurate predictions than the opinions of a single individual or a small group.

At its core, Gnosis works by utilizing the wisdom of the crowd through a process called "futarchy." Futarchy combines prediction markets with decision-making processes, allowing participants to make predictions on the outcomes of specific events and using those predictions to guide the decision-making process. The Gnosis platform allows users to create and trade in prediction markets using a native cryptocurrency called GNO. These prediction markets are created as smart contracts on the Ethereum blockchain, ensuring transparency, security, and immutability of the market data. The Gnosis platform employs a unique mechanism known as the "conditional token framework" to facilitate trading in prediction markets. This framework enables the creation of outcome tokens that represent the various possible outcomes of an event. Participants can purchase and trade these outcome tokens based on their predictions of the event's outcome. Once the event occurs, the winning outcome is determined and the corresponding outcome tokens are redeemable for a payout proportional to the market's total value. This mechanism incentivizes participants to provide accurate predictions and increases the efficiency of the prediction market. Gnosis also incorporates a decentralized oracle system, which retrieves real-world information and verifies the outcomes of events. Oracles serve as trusted sources of information and are responsible for providing accurate data to settle the prediction markets. This ensures the integrity and reliability of the prediction market outcomes.

Follow the steps below to easily and securely buy Gnosis.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Gnosis and securely store it on our platform.

You can securely store your Gnosis in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Gnosis. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Gnosis with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Gnosis with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Gnosis through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Gnosis is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Gnosis involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Gnosis, it is important to understand the risks.

Volatility: The price of Gnosis can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Gnosis is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Gnosis through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Gnosis or other cryptocurrencies anonymously on a regulated crypto platform in Europe.