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Gnosis Chain (xDAI)

What is Gnosis Chain?​

Gnosis Chain is an EVM-compatible blockchain built for fast, low-cost transactions and decentralised applications. It is secured by the Gnosis Beacon Chain and uses a dual-token model:

xDAI - a stable token used for gas fees and payments.

GNO - used for staking and governance.

Here are 5 key points about Gnosis Chain:

Stable payments: Transaction fees are paid in xDAI, making costs predictable and immune to crypto volatility.

Scalability & interoperability: Integrates with Ethereum and other chains, leveraging Layer 2 solutions for efficient cross-chain activity.

DAO governance: Community-driven decisions through on-chain governance using GNO.

DApps ecosystem: Hosts a wide range of DeFi, NFT, and DAO applications with low fees.

Dual-token model: xDAI powers daily use, while GNO secures the network through staking.

Gnosis Chain on Wraith Wallet​

With Wraith Wallet, you can:

Buy Gnosis Chain (xDAI) with debit/credit cards (coming soon).

Store xDAI, GNO, and ERC20 tokens securely.

Send and receive xDAI, GNO, and ERC20 tokens.

Swap xDAI to ERC20 tokens and back.

Connect to Gnosis-based dApps via WalletConnect.

ERC20 tokens on Gnosis Chain​

Fully compatible with the Ethereum ERC20 standard.

Tokens can be bridged from Ethereum to Gnosis for lower transaction costs.

Developers and users benefit from cheap fees without sacrificing Ethereum compatibility.

How to get Gnosis Chain (xDAI)​

Buy directly (coming soon) inside Wraith Wallet.

Receive xDAI using your unique Gnosis wallet address.

Swap into xDAI from ERC20 tokens (requires some xDAI for gas fees).

Transaction fees on Gnosis Chain​

Transactions on Gnosis Chain are extremely cheap - up to 500 transactions can cost as little as $0.01.

Fees are always paid in xDAI, ensuring price stability.

Average confirmation times are ~5 seconds, combining speed with cost efficiency.

Checking balances​

Wraith Wallet connects directly to the Gnosis blockchain to display your xDAI and GNO balances. For verification, you can select View on GnosisScan.

GnosisScan is the default explorer integrated in Wraith Wallet.

Summary Gnosis Chain delivers stable fees, fast confirmations, and Ethereum compatibility, making it ideal for payments, DAOs, and DeFi. With Wraith Wallet, you can buy, send, swap, and manage your xDAI, GNO, and ERC20 tokens with full security and ease.

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