Highlights:
- Galileo network, which exists on the popular Binance platform, is a fine example of fast-paced innovation taking place in the blockchain world.
- Galileo Exchange CEO Dr Muchnicki graduated from Monash University with a medical degree and spent 25 years in private practice.
- Galileo Exchange co-founder Bouhadana has nearly two decades of experience in the Capital Markets industry.
When it comes to the world of blockchain, innovation moves at an alarming pace as new blockchains continue to be introduced, with the goal of addressing the issues with existing ones.
A lot of the innovation addresses scalability, which has become an issue for certain networks as their popularity and usership increases exponentially on a weekly basis. Ethereum is a prime example of this, being one of the older blockchain networks having been launched in 2013.
Ethereum’s smart contract foundation has lent itself to a host of applications and programs, not to mention its host of non-fungible tokens (NFTs). What’s more, Ethereum is the prime network powering the emerging Metaverse space.
The latest Ethereum innovation involves its upgrade to Ethereum 2.0, which will make transactions considerably cheaper and transaction rates considerably faster.
Then there’s innovation forming the basis of other blockchain networks, which are introducing technology not seen anywhere else in the crypto space.
One such example, whose vision is ambitious to say the least, is Galileo Exchange, whose native token GELT is built on the Binance smart chain.
Image Source: Galileo Exchange
To know more: How is blockchain tech changing the trading world? An introduction to Galileo Exchange
Put simply, one of Galileo’s features is its “frictionless trading where its native GELT token is engineered to return 100 percent of wagered funds back to its users”.
Read: Everything you need to know about the GELT Token
Like any project with lofty ambitions, it requires a solid team of talented individuals. So, let’s take a look at Galileo’s key players.
Dr George Muchnicki – CEO/Co-founder
Dr Muchnicki graduated from Monash University with a medical degree and subsequently, spent 25 years in private practice.
Since 2021, he has served as chief medical officer for Genetic Technologies Ltd - a biotech company involved in advanced DNA genetic research and testing.
Avi Bouhadana – Co-founder
Bouhadana has nearly two decades of experience in the Capital Markets industry. He also previously co-founded the Makor Group – a company that provides trading and investment ideas.
Roman Sokolowski – CTO
Having excelled as both a System engineer as well as an IT trainer for a combined 12 years, Sokoloski moved into forex ad binary options, where he served as a Forex strategies analysts until 2014.
He later became the chief technical officer of Candlebets Limited, where he was able to parlay his skills and experience into developing Galileo’s ambitious and innovative platform.
The Future
It would not be a stretch to claim that a company’s success is based almost entirely on the skills, experience, creativity and drive of the team. This is particularly true in the crypto space, which is moving at such a frantic pace that those companies with the most talented innovators are almost inevitably the ones that will take the industry forward in the decades to come.
Galileo’s platform is complex and has lofty ambitions, to say the least. The Company’s ability to execute its vision will ultimately come down to how well the key players can fulfil their potential and make the best of the opportunity that the crypto space is offering.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.