Gnosis (GNO), is a prediction market platform powered by Ethereum. Through the use of smart contracts, Gnosis creates an opportunity for information-fueled industries. Industries that rely on receiving valuable predictions, opinions and evaluations are going to receive the maximum benefit from using Gnosis to evaluate the market's opinion.
Individuals are financially incentivized to make predictions in markets. If proven correct, the person receives tokens that contain the value of people invested into the wrong prediction. This reward mechanism ensures that every participant on the market represents their authentic beliefs every time they make a prediction.
Their crowdfunding period lasted about 10 minutes, during which they managed to raise $12.5 million for developing their idea into reality. For more information about the project visit their white paper.
Official Website: https://gnosis.pm