GnosisCTO answered Arca's question by saying, “Gnosis does not need financial cover. The group followed their guidelines for GNO tokens to capture value.

In response to a question from crypto fund management firm Arca, Stefan George, CTO of Predictive Market Contracts Gnosis, responded to the public on Twitter, saying that as developers leveraging GNO, the goal of our colors and our attractive GNO tokens is to mine GNO. We will communicate our plans as soon as possible. Our campaign is independent of Arca's public demand. We don't need the money. They just want to sell their GNO to make a profit, cash out, and get out. Gnosis reallocates capital and product resources and ultimately allows GNO tokens to capture value. Stefan George says he always looked at Gnosis and never sold GNO.