Gnosis

    Gnosisgno#108

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $105.74

    -1.26% (24h)

    7d Change

    -6.40%

    30d Change

    -11.60%

    24h High

    $0.000000

    24h Low

    $0.000000

    Market Cap$279.11M
    24h Volume$1.37M
    Circulating Supply2.6M GNO
    All-Time High$0.000000
    ATH Change+0.00%

    Price Chart

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    About Gnosis

    Gnosis is a protocol platform that provides prediction market infrastructure and decentralized finance tools for the Ethereum ecosystem. The project enables the creation of prediction markets, conditional tokens, and complex financial instruments through smart contracts. GNO serves as both a governance token and utility asset within the Gnosis ecosystem, facilitating protocol decisions and enabling participation in market mechanisms.

    Primary use case: Creating and trading on decentralized prediction markets and conditional financial instruments.

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    Understanding Gnosis Price Data

    The Gnosis price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for Gnosis is calculated by multiplying the current price by the circulating supply — the number of GNO units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for Gnosis on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    Gnosis for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats Gnosis and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding GNO for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy Gnosis through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Gnosis protocol in plain English.

    Gnosis FAQ

    What is Gnosis (GNO) and how does it work?

    Gnosis is a decentralised protocol on Ethereum that enables prediction markets and conditional token trading. Users can create markets for future events, trade outcome tokens, and participate in governance. GNO serves as both a governance token for protocol decisions and a utility token for accessing platform features. The system uses smart contracts to automate market creation, trading, and settlement processes.

    How are GNO transactions taxed in Australia?

    The ATO treats GNO transactions as taxable events, requiring Australian investors to report capital gains or losses in their tax returns. Each trade, swap, or disposal of GNO triggers a tax obligation. Investors must maintain detailed records of purchase dates, amounts, and AUD values for all transactions. Prediction market winnings may also constitute taxable income depending on the circumstances.

    What are the main risks of investing in Gnosis?

    Key risks include smart contract vulnerabilities, regulatory uncertainty around prediction markets, high Ethereum network fees, and limited mainstream adoption. GNO's price can be highly volatile, and the platform's success depends on user adoption and market development. Technical complexity and experimental DeFi protocols add additional layers of risk for investors.

    Can Australians legally trade on Gnosis prediction markets?

    The legal status of decentralised prediction markets in Australia remains unclear, as gambling laws traditionally regulate betting activities. While cryptocurrency trading is legal, prediction market participation may fall under gambling regulations. Australian investors should consult legal advice and ensure they use AUSTRAC-compliant exchanges for GNO trading while maintaining proper tax records.

    How does Gnosis compare to traditional betting platforms?

    Unlike traditional betting platforms, Gnosis operates as a decentralised protocol without central control. It uses blockchain technology for transparency and programmable settlement. However, this means no customer support or dispute resolution services. Traditional platforms offer regulatory protections and easier fiat currency integration, while Gnosis provides global access and potentially better odds through market mechanisms.

    Frequently Asked Questions

    How often is the Gnosis price updated?

    CoinHours pulls live GNO pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the Gnosis price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying Gnosis legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store Gnosis on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.