At Gnosis, we wanted to create a token mechanisms that lower the barrier to entry for users and promote continuous platform use. We found that the best way to do this was by creating two interrelated tokens: GNO and OWL.
GNO is the native token of the Gnosis ecosystem. Its primary use is to generate OWL tokens. GNO has a fixed total supply of 10 million tokens and is tradable on several major exchanges.
OWL tokens can be obtained by locking GNO in a smart contract. Once generated, each OWL can be used to pay 1 USD in fees on our platforms.