- The GELT token contains the technology unique to Galileo Exchange – a hybrid of a crypto exchange, a blockchain project and the innovation of accelerated price dynamics.
- One of the prominent features of GELT is the introduction of the world’s first Dynamically Connected Indexes (DTI).
- GELT is built on the Binance Smart Chain (BSC) and pegged to Binance Coin (BNB), which means GELT will mimic the same price action as that of BNB.
Every week, new crypto tokens are being added to the crypto market. There are already over 17,000 cryptos listed on CoinMarketCap, all offering different use cases and features.
One token, which is the native token of gamified crypto exchange, Galileo, is the GELT token.
The GELT token contains technology unique to Galileo Exchange – a hybrid of a crypto exchange, a blockchain project and the innovation of accelerated price dynamics.
What is the GELT token?
GELT is built on the Binance Smart Chain (BSC) and pegged to Binance Coin (BNB), meaning GELT price moves in sync with BNB’s price.
Image Source: Galileo Exchange
GELT tokenomics are defined according to an algorithmically implemented deterministic and transparent binding curve function. What this means is when GELTs are traded on the exchange, the price of the token rises or falls at pre-set prices on the bond curve.
Moreover, all BNBs that are used to purchase GELT are stored in a liquidity pool, which is guaranteed to support the exchange, as claimed by Galileo Exchange.
Additionally, Galileo Exchange believes that the supervision and transparency of the liquidity pool ensure the latter’s security. This is an important aspect of the exchange given that in the past, other exchanges have built up a liquidity pool only to abscond with the built-up capital.
Dynamically Connected Indexes (DTI)
One of the prominent features of GELT is the introduction of the world’s first Dynamically Connected Indexes (DTI).
DTIs are tokenised indices created by combining a base token, like Bitcoin, with atmospheric noise (ATN) forming a new class of “hybrid” digital instruments. Atmospheric noise is a naturally occurring commodity and is the very definition of randomness. Galileo Exchange claims that the combination of the base token, atmospheric noise and its application to a trade increase trading opportunities with more trading set-ups and 100 times more Pip action than traditional indices.
More on GELT
The GELT token is available on the Galileo platform which can be purchased using Binance Coins (BNB) with guaranteed liquidity according to the bond curve, claims Galileo Exchange.
The GELT token can be used for investment (HODL) purposes or for trading on the exchange, resulting in a completely frictionless ‘zero-edge’, zero-spreads & zero-fees trading experience for users.
Furthermore, the GELT token offers a ‘zero-edge’ advantage, it relates to the ‘fees’ side of the Galileo platform. Galileo Exchange believes that this provides an opportunity for users to make the best of every trade set-up.
Galileo offers some great features on its exchange and the technology that lies therein, while ambitious, can potentially offer users an intriguing blend of trading and entertainment.
The GELT token’s deterministic and transparent approach to crypto is a good representation of the innovation seen on Galileo Exchange.
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