𧡠$LEOX π§΅
𧡠@galileoprotocol π§΅
A thread about $LEOX a first QRC20 token that will be listed on both CEX and DEX at the same time, based on RWA trend, that tries to tokenize the world!
Interested?
Let`s go!
@wauwda
@fitforcrypto_
𧡠@galileoprotocol π§΅
A thread about $LEOX a first QRC20 token that will be listed on both CEX and DEX at the same time, based on RWA trend, that tries to tokenize the world!
Interested?
Let`s go!
@wauwda
@fitforcrypto_
So what is @galileoprotocol ?
It`s a well thought project that want to tokenize any physical asset and connect it to the blockchain.
Open-source infrastructue for executing smart contracts!
Their ecosystem will have:
- Tokenization platform
- Marketplace
- Tracking tools
It`s a well thought project that want to tokenize any physical asset and connect it to the blockchain.
Open-source infrastructue for executing smart contracts!
Their ecosystem will have:
- Tokenization platform
- Marketplace
- Tracking tools
So they want to tokenize:
- Real estate
- Luxury stuff
- Artwork
So literally everything that has a physical value and to enable ownership and transfers of those assets.
I think it`s cool to have tokenized stuff:)
- Real estate
- Luxury stuff
- Artwork
So literally everything that has a physical value and to enable ownership and transfers of those assets.
I think it`s cool to have tokenized stuff:)
It`s the fist ever project I write that is on QRC20 @quant_network
QRC20 is a blockchain - agnostic, secure and reliable smart contract protocol that offers a flexible framework for creating tokens easily integrated into existing blockchain networks and platforms.
QRC20 is a blockchain - agnostic, secure and reliable smart contract protocol that offers a flexible framework for creating tokens easily integrated into existing blockchain networks and platforms.
What is cool they want their tokenized goods to be issued on multiple chains and and also be able to interact with any blockchain you can come across.
Going multi-chain and interoperability is the way to go for the future imo, I love the idea!
Going multi-chain and interoperability is the way to go for the future imo, I love the idea!
So they chose QRC-20 standard cuz its blockchain agnostic that means these tokens can be deployed on multiple blockchains and behave identically without the re-coding of the assets, and that will make them easy to be adopted in my opinion.
They will enable the creation of pNFTs that will represent of course the physical assets on their upcoming market, this will also enable redeeming of those to physical assets.
The asset tokenization market thanks to some @wauwda research can reach to $16.1 Trillion by 2030 so that is a lot to tap into it, and when you have a project that is first mover on #QRC20 with the interoperability build in then you can end the sentence yourself...
Yeah its good!
Yeah its good!
So their Galileo Marketplace will have few advantages:
- Easy to authenticate the asset!
- Guarantee the value
- Quick capitalization on iliquid physical assets
- fight against counterfeiting
- trade goods without 3rd party
- smart contract verifiable protection!
- Easy to authenticate the asset!
- Guarantee the value
- Quick capitalization on iliquid physical assets
- fight against counterfeiting
- trade goods without 3rd party
- smart contract verifiable protection!
So the $LEOX token itself haven`t launch yet and it will launch on both @lcx CEX and @Uniswap on 7 PM CET on 27.03.2023 so it`s literally couple days away.
The starting price will be 0.25$ from what I found out!
The starting price will be 0.25$ from what I found out!
You can take 4 roles as a stakeholder of $LEOX :
1. Owner
So you basically can generate #NFT that authenticates you as the owner of the real world goods.
2. Buyer
So you can scan the QR code of the goods you want to buy and you get the owner #NFT
1. Owner
So you basically can generate #NFT that authenticates you as the owner of the real world goods.
2. Buyer
So you can scan the QR code of the goods you want to buy and you get the owner #NFT
3. Fractional investor
So this will allow you to buy a part of the property, so multiple people can own the whole thing.
4. Redeemer
So you can basically redeem the asset and take possession of it.
So this will allow you to buy a part of the property, so multiple people can own the whole thing.
4. Redeemer
So you can basically redeem the asset and take possession of it.
The project besides allowing the creation of pNFTs and also market to trade them will allow a cool tracking tools that will provide an immutable record of ownership and enable users to verify the authenticity of the assets.
That`s a great addition to the ecosystem!
That`s a great addition to the ecosystem!
Now 2 things to be aware off:
1. The project launches at a 7.7M valuation on the start, it`s both good and bad, bad cuz most project starts under 1m for that big xx in the future, good cuz it means there are a lot of investors that want this project.
1. The project launches at a 7.7M valuation on the start, it`s both good and bad, bad cuz most project starts under 1m for that big xx in the future, good cuz it means there are a lot of investors that want this project.
2. LCX exchange had a private sale of $LEOX at 10c so that means there are people on the start that will have lower buying price,(2.5X on plus) so they are at the advantage from day 1.
Again both good cuz shows there are big investors and bad cuz they have bough lower.
Again both good cuz shows there are big investors and bad cuz they have bough lower.
Tokenomics:
150M total supply
Circulating supply at launch: 28.9
Price at launch 0.25$
Market cap at launch 7.7m
I heard there is a deflationary mechanism that will burn the tokens until 112M exists only!
150M total supply
Circulating supply at launch: 28.9
Price at launch 0.25$
Market cap at launch 7.7m
I heard there is a deflationary mechanism that will burn the tokens until 112M exists only!
Few other cool threads about @galileoprotocol :
@coinesper
@fitforcrypto_
@wauwda
@coinesper
https://twitter.com/coinesper/status/1637145095764860929
@fitforcrypto_
https://twitter.com/fitforcrypto_/status/1636015406488928259
@wauwda
https://twitter.com/wauwda/status/1637415122867036160
What i think about @galileoprotocol ?
I love the idea and the thing they want to create, and from what I found they have some big connections, so they have a bright future imo, but I don`t like the private sale, double edge sword
DYOR and check them out!
I love the idea and the thing they want to create, and from what I found they have some big connections, so they have a bright future imo, but I don`t like the private sale, double edge sword
DYOR and check them out!
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