Gnosis - the decentralized prediction market platform and oracle standard

[bitMTW]

Check out Gnosis in Forbes today:

Gnosis Prediction Market Scores $12.5 Million in Record-Breaking Crypto Auction
https://www.forbes.com/sites/rogeraitken/2017/04/24/gnosis-prediction-market-scores-12-5m-in-record-breaking-crypto-auction/#77a7f38e87d1

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[primeer]

to begin with, ico was handled poorly and unfairly. most of the investors didn't have the time to assess their risk/reward when they participate in the auction. the decrease in token price should also have been dependent of the amount of token sold for a more fair price.

however, things may play out differently after the token distribution. here is my prediction:

- some holders will use gno to generate wiz.
- majority of holders won't sell their gno tokens for loss (which is less than $30 or 0.6 ether).
- as a result the gno tokens that will be liquidated in poloniex will be scarce, which will push the market cap higher than $300M.

[mamamae]

so pretty much standard poloniex routine , pascal and zec are my friends.

[FandangledGizmo]

Did the ICO really go wrong for them? They have 95% of the tokens, a starting valuation of $300 million and they will be traded on Poloniex straight away.

Even if they dumped 45% of the tokens, 'to help distribute the token better'   at an average valuation 0f $100 million they'd be very wealthy.

[Jayjay04]

Did the ICO really go wrong for them? They have 95% of the tokens, a starting valuation of $300 million and they will be traded on Poloniex straight away.

Even if they dumped 45% of the tokens, 'to help distribute the token better'  at an average valuation 0f $100 million they'd be very wealthy.

And investor would lose a lot on the coin valuation

[StewieG]

Guys guys... I found a pic of the sale! Here is an actual investor buying Gnosis coins!

Disturbing content...

[Pipesnake]

Did the ICO really go wrong for them? They have 95% of the tokens, a starting valuation of $300 million and they will be traded on Poloniex straight away.

Even if they dumped 45% of the tokens, 'to help distribute the token better'   at an average valuation 0f $100 million they'd be very wealthy.

As I recently read on their blog,they will not be dumping their tokens for now,since it has been locked for a year and they will prepare a roadmap and plan to make use of this 95%

[entertainment]

Did the ICO really go wrong for them? They have 95% of the tokens, a starting valuation of $300 million and they will be traded on Poloniex straight away.

Even if they dumped 45% of the tokens, 'to help distribute the token better'   at an average valuation 0f $100 million they'd be very wealthy.

As I recently read on their blog,they will not be dumping their tokens for now,since it has been locked for a year and they will prepare a roadmap and plan to make use of this 95%

Then How is possible that KRAKEN is offering today to purchase Gnosis tokens at ICO price?

SCAM

[sri.bima]

Wow.....crowdsale just running 1day and succesfully? I just came across the project with the fastest ico.
Amazingly!

[steamon]

Interested cause a dutch person is a founder here. But a good thing I can say that enthereum is gonna get a lot off token launches. Not gonna buy this coin already in too many horses now let's wait and see.

Update: I just noticed the token price that is way to high. I would first wait off the fall and then buy when it goes stable up. Further not really gonna comment on this. But will watch the market off the start just for learning.

[Jayjay04]

Received a mail today.
I can decide If I want to redo my order that failed...

[Jayjay04]

" We noticed that you may have tried to participate in the Gnosis (GNO) auction through Kraken. It only takes a few minutes for withdrawal transactions to be broadcast to the network, but unfortunately the network became congested and some transactions did not make it to the network in time to be included in a block before the auction quickly closed.

Good news - if you still want GNO and act in the next 24 hours, Kraken can facilitate your GNO purchase at the auction price. See below for the rules and instructions. If you do not want to participate, you do not need to do anything. You may also purchase GNO later on the open market after GNO trading launches on Kraken (expected sometime early next week). "

[bitbitch]

sounds shady.

[Jayjay04]

sounds shady.

It was from kraken directly

Anyway I changed my mind on "investing"

[Spratan]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

[steamon]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

Not wanna by to negative towards this coin. But the current token ICO price was a little bit on the high side and yea your example is right off zcash and followed the launch off zcash. Lets wait and see what happens here. There will by many more coin and token launches this year.

[Taylorw]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

fully agree, but should notce: there are limit protection on bitmex, maximum 25% chnage on price on 2 hour

[mrnakayouknowwho]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

Yup, it's exactly like the movie 'the big short'. You can be correct, but if you don't have deep enough pockets you won't outlast the market's irrationality. In this case it's pure manipulation. So it's a good short, just make sure you are verrry conservatively leveraged. I made a lot on zcash when they were trying to pump it to the moon It was the only place to short at the time.

[AltcoinScamfinder]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

Yup, it's exactly like the movie 'the big short'. You can be correct, but if you don't have deep enough pockets you won't outlast the market's irrationality. In this case it's pure manipulation. So it's a good short, just make sure you are verrry conservatively leveraged. I made a lot on zcash when they were trying to pump it to the moon It was the only place to short at the time.

It's also impossible to predict how Gnosis will be valued. If the market discounts the locked in tokens we could see $200 gnosis for a long time.

[mrnakayouknowwho]

You can trade GNOSIS futures on Bitmex. Already X3 and only a beginning.
Everybody will tell you that price is irrationnal, that you should sell and short as much as possible at current price.

BUT
because it is contratcs and not real coins, the whales who invested 40% of ICO in a few minutes will easily push prices here to be as high as possible before entering exchanges.
Everybody will look at bitmex as the basis for market prices.

Like usual, the contract will go as high as possible before entering exchanges, like ZCASH which went to 10 BTC each (ceiling) or Lisk which went X100.
It attracts noobs to short with leverage. Then you will be margin called because there is infinite potential to margin call every short for Market Maker. Ironically, the more shorts there are, the more the price will rise, making shorts easy targets for margin calls.
The liquidity is so weak that doubling in price and liquidate everybody is so easy.

Yup, it's exactly like the movie 'the big short'. You can be correct, but if you don't have deep enough pockets you won't outlast the market's irrationality. In this case it's pure manipulation. So it's a good short, just make sure you are verrry conservatively leveraged. I made a lot on zcash when they were trying to pump it to the moon It was the only place to short at the time.

It's also impossible to predict how Gnosis will be valued. If the market discounts the locked in tokens we could see $200 gnosis for a long time.

Well of course it could pump initially, but at a $2 Billion market cap, that's a gamble I'm more than willing to take. Def not sustainable imo. Smells like Zcash all over again.