A lot of blockchain projects in 2021 used things like airdrops, the move to multi-chain, and huge multi-million-dollar developer incentives as part of their marketing and rebranding efforts in that year. This trend looks like it’s going to last. Continue into 2022, and Gnosis (GNO) looks like it’s on board.
There is data from TBEN Markets Pro and TradingView that show the price of GNO has jumped 57% since January 24, when it hit a low of $219. The Gnosis Channel is now making its mark in the decentralized finance sector.
Several interesting proposals were made, including one that would take a large chunk out of all of the GNO in circulation, and a lot of big integrations were made that made the Gnosis ecosystem more accessible and liquidity more stable.
Gnosis as CoW Procedure
In 2022, Gnosis changed the name of its protocol to Coincidence of Wants, or CoW. This was the most important change for the company.
What pushed them to change was the rise in popularity of CowSwap, a decentralized exchange that was made with Gnosis, the first interface built on it.
This is part of the rebranding and full launch of CowSwap. Additionally, GNO holders who want an airdrop of COW tokens (vCOW), the native token on CowSwap. They can lock their tokens to the protocol for one year to get an airdrop of these tokens.
Also, validators of the Gnosis Beacon Chain (GBC) can get the airdrop. All airdrop participants will be able to get future airdrops, like the new Gnosis Safe, if they sign up. GNO staking holders will also be able to switch to liquid staking on the Gnosis Chain when liquid staking is available.
Proposals of GnosisDAO
Another thing that helped GNO get going was that there were a lot of proposals to make big changes in the Gnosis ecosystem.
This is the most recent proposal from the Gnosis team. They want to set up SafeDAO and launch a SAFE token. A token can be used to run the Gnosis ecosystem and infrastructure.
To make things even better, the proposal also wants to set up an independent Safe foundation in Switzerland. This will protect off-chain assets, issue a SAFE token, and help build the Gnosis Safe ecosystem.
There is also a proposal that people can comment on right now. It asks if GnosisDAO should burn 68 percent of GNO supply to strengthen token economy and give holders more voting power.
Mergers and Acquisitions on the Rise
A third reason for the rise in the GNO price has been the growth of the Gnosis ecosystem. This has made it easier for people to get the GNO token and to use the network.
Decentralized exchange aggregator 1inch and private transaction protocol Tornado cash have recently worked with Gnosis. Moreover, the protocol’s merger with xDAI in early December helped create the Gnosis chain.
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