Gnosis Chain Secures $500,000 in Seed Funding on August 23, 2019
GNO
GNO
-3.54%
According to industry reports, Gnosis Chain completed a $500,000 seed funding round on August 23, 2019. The round was jointly backed by NGC Ventures, Bixin Ventures, and B-Tech.Gnosis Chain is an EVM-compatible blockchain focused on enabling fast and low-cost transactions. Its distinct feature lies in its dual-token model: xDai functions as a stablecoin for transactions, payments, and fees, while GNO provides Proof of Stake security through the Gnosis Beacon Chain consensus layer. Notably, in December 2021, xDai merged with Gnosis and the xDai Chain was rebranded as Gnosis Chain. The proceeds from this financing will support further development of the project’s infrastructure, enhancing its blockchain solutions for users.In addition to securing funding, Gnosis Chain has continued to expand its ecosystem throughout its development. The project has announced plans to introduce more innovative applications in the future, including the launch of the ZARP stablecoin. These initiatives are expected to further enrich its ecosystem and offer users a broader range of financial services.
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GNO Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Seed Round | $0.5 M | -- | 2019-08-22 | NGC Ventures,Bixin Ventures,B-Tech |
Key Milestones
- 2025-09-17ZARP Stablecoin Launches on Gnosis Chain
- 2019-08-23Gnosis Chain raised $ 500 K in Seed round
24-Hour High
$137.60
24-Hour Volume
$45.41K
All-Time High
$644.20
All-Time Low
$6.88
Market Cap / FDV
26.4%
FDV
$1.33B
24-Hour Low
$131.90
Market Cap
$401.40M
Circulating Supply
2.63M GNO
Total Supply
3.00M GNO
Max Supply
10.00M GNO
Market Sentiment
Positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.44% | 1.28% | 11.27% | 5.64% | 28.09% |
