Galileo Protocol Updates

A place to keep you up to date with @GalileoProtocol updates and F.A.Q

(Community made)

[Galileo Protocol Updates @GalileoUpdates]

Want to learn more about @galileoprotocol?
Don't have the time to search and dig for updates or answers to a specific question? In this page I will try to keep you informed about the project in a fast and efective way

[Galileo Protocol Updates @GalileoUpdates]

This reduction in supply ensures the token's long-term utility and provides a solid foundation for the future of the Galileo Protocol community.

[Galileo Protocol Updates @GalileoUpdates]

Reduction in Total Supply & Burn Mechanism

We are pleased to announce a significant development in the utility of the LEOX token. Our team has taken a decisive step by reducing the total supply of LEOX from 200 million to 150 million.

[Galileo Protocol Updates @GalileoUpdates]

As the Galileo Protocol platform introduces more products and services that utilise LEOX, the platform's usage will increase, ultimately raising the demand for the token. The burning mechanism will continue until the total tradable supply of LEOX falls below 112.5 million.

[Galileo Protocol Updates @GalileoUpdates]

About $QNT

[Galileo Protocol Updates @GalileoUpdates]

This beta test period will allow us to gather valuable information on the user experience. After the beta test, several weeks will allow us to improve the MVP for a mainnet deployment.

[Galileo Protocol Updates @GalileoUpdates]

MVP Beta

The purpose of the MVP (Minimum Viable Product) is to quickly test the robustness and viability through a "minimal" product tested by beta users.

This step is crucial to improve our future users' needs and optimise our finished product quicker than with a full version.

[Galileo Protocol Updates @GalileoUpdates]

The Galileo MVP suite is the following:
- The pNFT Marketplace
- The Tokenisation platform
- The Governance and Staking platform

Galileo is currently testing these three applications.

After the test period, we will open MVP access to several Nebula holders and LEOX holders.

[Galileo Protocol Updates @GalileoUpdates]

Question:

After a pNFT is redeemed if the next owner wants to sell it would an audit be needed?

Answer:

Yes, after the redemption, if the owner wants to use Galileo Marketplace to sell his item, it would need to be audited.

[Galileo Protocol Updates @GalileoUpdates]

Other @galileoprotocol socials:

https://t.co/jnEGonR6s1
https://t.co/TV64LhPgxm

[Galileo Protocol Updates @GalileoUpdates]

Want to learn more about @galileoprotocol?
Don't have the time to search and dig for updates or answers to a specific question? In this page I will try to keep you informed about the project in a fast and efective way

[Galileo Protocol Updates @GalileoUpdates]

Everything posted here will be taken mostly from Galileo's telegram page
https://t.co/CzFkV4iXwV

[Galileo Protocol Updates @GalileoUpdates]

Question:

How does Galileo Protocol take care of refunds if all transactions on the blockchain are irreversible?

[Galileo Protocol Updates @GalileoUpdates]

Answer:

[Galileo Protocol Updates @GalileoUpdates]

On security

[Galileo Protocol Updates @GalileoUpdates]

On regulation and compliance

[Galileo Protocol Updates @GalileoUpdates]

https://t.co/HoLbsswQqr

[Galileo @galileoprotocol]

🏎️🌟 Had a fantastic time discussing the future of pNFTs in the automotive industry with car manufacturers! Here's a snapshot of our CEO Pierre Beunardeau and CAO Jerome Schmid alongside a stunning Mercedes sports car.

Get ready for a game-changing ride!

[Galileo Protocol Updates @GalileoUpdates]

On partnerships with brands

[Galileo Protocol Updates @GalileoUpdates]

Pierre Beunardeau Founder & CEO thoughts about Amazon moving into #RWA market

[Galileo Protocol Updates @GalileoUpdates]

On community tokens and Nebula on social media:

[Galileo Protocol Updates @GalileoUpdates]

Answer:

Yes, the more Nebulas you own the more rewards you get.

[Galileo Protocol Updates @GalileoUpdates]

Question:

Does owning multiple Nebulas increase the amount of rewards I can get?