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Originally Posted by iloveny161
Anyone looking at ICOs for Gnosis (prediction market platform similar to Augur) and Tezos (Ethereum competitor with smart contract language based on OCAML and built-in governance)?
Gnosis - for sure. They can be a game changer. Hard to put a valuation on the platform at this stage. One way to look at it is a leveraged play on wider adoption of crypto: the success of things like uPort and Metamask and stablecoins. Without that Gnosis will just be another Fairlay. With it, they have a jumpstart on competition.
Ideas around automated IoT and insurance markets are being thrown around too. As in, insurance company sets a markets for every city on risk of flooding and lets the data feed back into some pay as you go insurance product.
Gnosis's approach to focus on the platform rather than the markets will leave Augur in the dust imo because the growth drivers will be existing big players wanting or being forced to have Web3 offerings in order to compete in the lower fee environment blockchain offers. They will come to Gnosis rather than directly compete.
I'll sit out the ICO unless it comes down to ~$120mm valuation on the tokens. There will be a lot of information available over the next 18 months to be able to make a call on whether they have the chops and traction to make it happen.
The token structure is fine - capped, reducing, income generating.
Tezos is on the reading list.