Re: Gnosis - the decentralized prediction market platform and oracle standard
> What are your long term plans for Gnosis and how long of a timescale is it? Because if your funding runs out before reaching your long term plans, how are you going to raise money again?
If we reach our sale cap (~$12M) we will have a very solid runway of at least 3+ years. However - a basic version of the Gnosis platform is already live TODAY (admin.gnosis.pm). So our goal is to build the platform as strong as possible. However - if we should ever run out of funding we will still have the option to have continue with a specific project that will be build atop of the platform. This application would have its own business model (additional fee, trading spread, ads, ...) but would also pay the "base fee" to the platform.
> Another issue for me is, wouldnt it be a problem for Gnosis if Ethereum doesnt solve its scaling problem? Would you be interested in building your platform on ETC instead if they have a better scaling solution?
Let me refer to this answer:
https://forum.gnosis.pm/t/gnosis-faq/259/12
If we reach our sale cap (~$12M) we will have a very solid runway of at least 3+ years. However - a basic version of the Gnosis platform is already live TODAY (admin.gnosis.pm). So our goal is to build the platform as strong as possible. However - if we should ever run out of funding we will still have the option to have continue with a specific project that will be build atop of the platform. This application would have its own business model (additional fee, trading spread, ads, ...) but would also pay the "base fee" to the platform.
> Another issue for me is, wouldnt it be a problem for Gnosis if Ethereum doesnt solve its scaling problem? Would you be interested in building your platform on ETC instead if they have a better scaling solution?
Let me refer to this answer:
https://forum.gnosis.pm/t/gnosis-faq/259/12
The project looks very interesting, however reaching $12M crowdfunding seems like a very challenging target for a young project like this. From my point of view, you should consider doing more rounds of ICO instead of one with a cap of $12M. You could start with a smaller cap like $1M-$2M and after reaching certain milestones do another round of ICO so the community and ICO participants can see that you are worthy of investing money.
The range of expectations is quite high. On the one end a lot of people assume that we will sell out very quickly (and would only give a way a relatively small % of tokens - on the other end are people that do not expect us to reach the cap.)
I think there is a decent chance that we will reach the cap - in the Ethereum community the project is pretty well know. We have been actually the first (more complex) DAPP that has been live on Ethereum. We gave a live demo as early as November 2015 at the DevCon 1 in London.
But anyway - time will tell - but we would not be a prediction market if we would not have set up a market to predict the outcome of the auction
Read here how to use it: https://medium.com/@aurynmacmillan/how-to-gnosis-ed1fef085014#.nfrazmkkj
without spending real ETH, try: beta.gnosis.pm
thx for your explanation,, this project is good ,,
and i will try it
beta.gnosis.pm