Gnosis
There are two separate native tokens on the Gnosis platform, responsible for two separate functions. GNO is used to incentivize long-term participation in the ecosystem, while OWL (formerly WIZ) is used to interact with the platform. Network participants can lock GNO to generate OWL tokens, which are locked in a smart contract and later allowed to be redeemed. The amount of OWL received by participants depends on the amount of GNO locked, the time of distribution, and the current total supply of OWL in the market.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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