Question 1

What is Gno.land (GNOT)?

Accepted Answer

GNOT is the native token of Gno.land, a Layer 1 smart contract blockchain built around Gno, a blockchain programming language based closely on Go.

Gno is an interpreted and deterministic version of Go designed for writing on-chain programs. Rather than compiling smart contracts into bytecode, GnoVM interprets their abstract syntax tree. Gno.land stores the source code for its smart contracts, known as realms, on-chain and supports reusable packages that other applications can import.

GNOT has a fixed maximum supply of 1.333 billion tokens. Its smallest denomination is `ugnot`, with 1 GNOT equal to 1,000,000 ugnot.

Question 2

What is Gno.land (GNOT) used for?

Accepted Answer

GNOT is used to pay transaction fees and cover other on-chain operations on Gno.land. This includes transactions that interact with applications and smart contracts deployed to the network. Network fees are denominated in `ugnot`.

The token is separate from the Gno programming language itself. Gno provides the language and execution environment for applications, while GNOT acts as the native asset used when carrying out transactions on the Gno.land blockchain.

Question 3

Who created Gno.land (GNOT)?

Accepted Answer

Gno was created by Jae Kwon, co-founder of Tendermint and Cosmos. Work on Gno and its blockchain infrastructure began before the public launch of Gno.land.

Gno.land is developed by NewTendermint, LLC, with Jae Kwon identified as the project's founder. Development is carried out through the open-source Gno repository alongside other contributors.