Ethereum is blooming and we are doubling down on it

We heard the Ether price dropped? We don’t care too much. Being active in the space since Bitcoin $9 this is nothing new and we prepared for this event. We have a team of over 50 people now working full time on the Gnosis platform and we can continue to finance this for the next 5–7 years without the need to sell any of our ~200k ETH in reserve.

The numbers we care about is the usage of decentralized applications. And as a next step, the number to look out for is DAPPs that seamlessly interact with each other and draw a benefit from being on the same platform. As a side effect, ultimately the price of ETH will then be a function of the demand for the use of applications in this reliable, open, and interlinked environment.

We have chosen to make Ethereum the primary environment for the platform we are building ourselves. Thus, it is in our best interest to make this environment flourish. Or as Jarrad from Status put it: “A rising tide lifts all boats.”

We will implement a consequent web3/Ethereum first strategy. Whenever there is a viable decentralized alternative, we will use it. A few examples:

• We will use some ETH in reserve for CDPs on Maker
• We will give control as soon as possible to DAOs
• We will do all tweets first on Peepeth
• We will post our blog posts first on Akasha once it is on Mainnet
• We will create bounties on the many ETH bounty sites
• We will use prediction markets to see if we are on track of our milestones
• We encouraging all Gnoseers to try and use DAPPs and products from the ecosystem

Vice versa we will spend more time making sure that it gets as easy as possible to use what we contribute to the ecosystem. The Safe to interact with DAPPs safely and without Ether. The DutchX for contracts as a token price feed and token conversion mechanism, and of course prediction markets!