Thread by @Darkwolvesme

AMA important Questions and answers

Have you received interest from any companies regarding the Galileo platform?

Answer:

After market research, companies using the Galileo platform are expected to pay a license fee ranging from $5,000 to $50,000+ every 6 months, depending on… twitter.com/i/web/status/1…

Get some nebula before it’s too late

The LEOX are locked during the time of the license, reducing the tradeable supply.

Do Galileo have any definite plans for expanding beyond Europe, and if so, are they considering entering either the regulated Western market or the growing Asian market?

Answer:

We currently have no definite plans for expanding beyond Europe. Our focus on the European market… twitter.com/i/web/status/1…

Will the Galileo team be responsible for marketing the platform, or will it be up to the companies to promote their goods and services?

Answer:

Yes, the Galileo team will play an active role in marketing the platform to different market participants. Companies utilising the… twitter.com/i/web/status/1…

Can you provide an example of how you can fractionalise a car and explain the benefits of doing so?

Answer:

To fractionalise a car, Galileo Protocol first verifies its authenticity, and then divides its ownership into multiple tokens, each representing a share. Benefits include… twitter.com/i/web/status/1…

How does the Galileo Protocol ensure the accuracy and trustworthiness of pNFT metadata?

Answer:

We ensure the accuracy and trustworthiness of pNFT metadata through a combination of AI, machine learning, and human expertise. We are meticulously verifying the provenance,… twitter.com/i/web/status/1…

What role do advanced AI and machine learning play in the Galileo Protocol's tokenisation process?

Answer:

In the future, AI and machine learning will play an essential role in our tokenisation process by streamlining asset evaluation and authentication. We want to use AI to… twitter.com/i/web/status/1…

What are the potential implications of the Galileo Protocol on the luxury goods industry and asset management?

Answer:

I see many implications:
1. liquidity
2. more accessible investment opportunities
3. greater transparency
4. improved authentication processes

We want to help… twitter.com/i/web/status/1…

Is there more information available about purchasing goods and rights with LEOX?

Answer:

Yes, our users will be able to buy luxury goods and #RWA directly with LEOX on the platform. We also integrate ETH, BTC, USDC/USDT, QNT into the payment process. CBDC will be integrated… twitter.com/i/web/status/1…

How does the Galileo Protocol integrate with various NFT marketplaces and blockchain networks?

Answer:

The Galileo Protocol can integrate with various NFT marketplaces and blockchain networks through APIs and smart contracts. We don't have a future with only one chain and… twitter.com/i/web/status/1…

can you provide more information on the incentives offered by the Galileo Protocol to encourage user participation in the verification process?

Answer:

Once the application is public, we'll offer incentives to encourage user participation in the verification process, such as… twitter.com/i/web/status/1…

Will there be marketing efforts to promote the Galileo platform after the listings?

There will be ongoing marketing efforts to promote the Galileo platform after the listings. We plan to be listed on different decentralised exchanges on different chains.

Some CEX are… twitter.com/i/web/status/1…

Are there any plans to partner with other companies to promote specific brands in certain regions? 🌎

Answer:

Yes, we are already in contact with different companies that want to push Galileo in their regions, like Germany, Italy and Switzerland.

Regarding it, how does the Galileo Protocol ensure the environmental responsibility of its tokenisation process?

Answer:

We ensure environmental responsibility in our tokenisation process by:
1. utilising energy-efficient blockchain networks
2. adopting sustainable practices.… twitter.com/i/web/status/1…

We also know that security is a very important aspect in the blockchain ecosystem.

How does the @galileoprotocol ensure the security and privacy of its users' data?

Answer:

The platform adheres to data protection regulations in Europe, ensuring that users' sensitive… twitter.com/i/web/status/1…

When will $LEOX be listed on Uniswap and #LCX?

Answer:

Thursday at 2pm CET on #LCX and #Uniswap, after the listing, you can expect to trade LEOX on #Arbitrum.

Can you explain the process for buying LEOX on Uniswap and LCX?

Answer:

To buy LEOX on Uniswap, users must connect… twitter.com/i/web/status/1…

$LEOX address for users to add to their wallets in preparation for the listing?

Answer:

The @galileoprotocol team will share the LEOX token address before the listing. For user protection, it will be shared close to the listing time. We will communicate officially on our… twitter.com/i/web/status/1…

Besides physical products, can you tokenise other assets such as music or education?

Answer:

We primarily focus on luxury goods and real-world assets. However, our platform has the potential to tokenise other types of assets, such as music, course, and tickets. We can have an… twitter.com/i/web/status/1…

Apart from the company’s offering luxury goods and creating tokenised assets, are you also planning on targeting the end users, the people eventually buying the pNFT’s?

Answer:

Yes, we target end users, as they are the ones who will ultimately purchase and engage with the… twitter.com/i/web/status/1…

Many companies use QR codes to pay for physical goods and services. Will they need to switch to NFT and the Leox platform?

Answer:

Companies using QR codes for payments don't necessarily need to switch to pNFTs as these technologies serve different purposes. QR codes are used… twitter.com/i/web/status/1…

I have read through the AI article on Medium, and the Galileo AI solution looks impressive as a concept, but will it be a robust solution? At what stage of testing is the app at today? I see in the medium article that it was in development. Will it be submitted for a Patent when… twitter.com/i/web/status/1…