Gnosis

Gnosis is one of the longest-running projects in the Ethereum ecosystem, founded in 2015 and originally built around decentralized prediction markets. Its token GNO has a genesis date of 18 April 2017. Over the following years the project expanded far beyond its original scope into a broad set of infrastructure and financial products.

The best known of these is Safe, a smart contract wallet standard that has become the default way for organizations, DAOs, and treasuries to hold assets with multiple signers. Safe secures a very large amount of value across the ecosystem and eventually became a separate project with its own token, though it originated within Gnosis.

Products and the chain

Gnosis also created CoW Protocol, a trading protocol that batches orders and settles them through a solver competition, protecting users from front-running and other forms of value extraction. Like Safe, CoW later became independent.

Gnosis Chain is the project's own EVM-compatible network, originally the xDai chain, which uses a stablecoin as its gas token so transaction costs are predictable in dollar terms. It is secured by a large validator set and is used for applications where low, stable fees matter.

Supply and the token

GNO has a fixed maximum supply of 3,000,000 tokens, all issued, with roughly 2.64 million circulating. That is one of the smallest supplies among established projects.

GNO is used for staking to secure Gnosis Chain, where validators deposit the token, and for governance. The project has also pursued payment products including a card that spends on-chain balances, extending its focus from infrastructure toward everyday financial use.