Question 1

What is the token?

Accepted Answer

Gnosis Chain is an Ethereum sidechain that operates with the GNO token. The GNO token is the staking token of Gnosis and the governance token for the GnosisDAO.

Question 2

What is the main value proposition?

Accepted Answer

Gnosis Chain offers fast transaction times (5 seconds) and low transaction fees (500 tx for $.01). It is secured by a geographically diverse set of validators, making it a community-owned, anti-fragile network. Gnosis Chain is EVM-based and secured by at-home stakers around the world, offering compatibility with other Ethereum-based chains like Ethereum, Ethereum Classic, BSC, and others.

Question 3

What problem does the token solve?

Accepted Answer

The GNO token allows anyone to participate in decision making about the development of Gnosis. It is used to take a stand on issues, weigh in on proposals, and shape the future of Gnosis.

Question 4

Token Use Cases

Accepted Answer

The GNO token is used for staking and governance in the Gnosis ecosystem. It allows holders to participate in decision making about the development of Gnosis.

Question 5

Tokenomics

Accepted Answer

Transaction fees on Gnosis are extremely low and are currently sent to the validator who seals the block in which the transactions take place. As chain usage grows, these fees may be redirected to support additional aspects of the protocol.

Question 6

Company Structure

Accepted Answer

Gnosis Chain is a community-owned, anti-fragile network secured by a geographically diverse set of validators. It is governed by a DAO, allowing anyone to participate in decision making about the development of Gnosis.

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