Gno.land raises $1.18M in GNOT auction
Gno.land closed its public GNOT token auction with $1,183,664.40 in contributions at a final clearing price of $0.0645 per token. The project expects to distribute wrapped GNOT on Base in September 2026 as it moves toward mainnet and token transfers.
Why it matters: - The auction results show real market demand for Gno.land’s native token ahead of the project’s mainnet rollout. - The planned September 2026 distribution on Base moves the token from fundraising into the next phase of network launch.
What happened: - Gno.land closed its public auction for GNOT, the native token of the Go-based smart contract platform developed by NewTendermint. - Total contributions reached $1,183,664.40. - The final clearing price settled at $0.0645 per GNOT. - The contribution window opened July 20, 2026, and closed July 27, 2026. - The auction followed a two-week identity verification period administered by Sonar, the compliance platform operated by Echo. - Echo was acquired by Coinbase in October 2025. - The auction offered 38,760,000 GNOT, about 2.9% of total token supply, to eligible participants.
The details: - The GNOT sale used a uniform-price English auction format. - Participants bid in $0.0215 increments at or above a starting price of $0.0645 per GNOT. - The minimum contribution was $100, with no maximum. - All successful participants will pay the same final clearing price set by aggregate demand at the close of the window. - Contributions were accepted in USDC and USDT on Ethereum mainnet. - Full auction mechanics, eligibility requirements and risk disclosures remain available at sale.gno.land. - The project’s Token Disclosure Document and GnoVM audit from Oak Security are also posted there.
Between the lines: - Gno.land is trying to pair token launch mechanics with a visible compliance process, including identity verification and public disclosures. - The auction’s structure and capped token allocation suggest the project is positioning GNOT as a tightly managed initial distribution rather than a broad open sale. - The timing ties fundraising to broader product development, as Gno.land has also moved ahead with its Topaz testnet.
What's next: - Gno.land says its Topaz testnet builds on Test13, which passed 1,000,000+ transactions. - The company is working toward mainnet launch, which will include the Token Generation Event and GNOT transfers. - Gno.land expects to distribute GNOT to eligible auction participants in September 2026 as wrapped GNOT on Base.
The bottom line: - Gno.land has completed a funded token sale and is now shifting attention to mainnet delivery and token distribution.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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