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Galileo Exchange is an innovative “hybrid” trading platform consisting of elements of a crypto exchange, a DeFi project and a gaming platform. It combines these essential elements to bring trustworthiness, innovation, value and entertainment. The most interesting features include the Gelt (GLT) token and “Zero Edge” trading.
No fees, no distribution, no commissions
Galileo Exchange is a breakthrough in terms of dealer loyalty, fun and profitability. The platform is designed to improve the playing field by eliminating all friction in trading. It offers a great user experience, super-fast promotions, high profit potential and generous incentives. It is operated with the GLT token, which is guaranteed to return 100% of the money used to its users.
The Galileo platform contains elements of a crypto exchange, a DeFi project and a gaming platform. As an exchange, traders can speculate on the price movement of hybrid digital assets. As a DeFi project, it has a token (GLT) with multiple use cases like zero edge trading, yield farming and more. The gaming element of the platform is one of the main advantages of trading on the Galileo Exchange, providing uninterrupted trading opportunities with instant gratification.
Hybrid digital indices are “traded” on the Galileo exchange. A hybrid index is a tokenized index that is created by mixing a base currency pair with Atmospheric Noise (ATN) and forms a new asset class of hybrid “atmospheric” commodities. This offers more opportunities for speculation, trading configurations, and generally a more dynamic trading experience. Due to the randomness of atmospheric noise, the shorter the timeframe of a trade, the less control you can control with fundamental analysis. The longer the timeframe of a trade, the more fundamentals follow it, as the hybrid index always follows the underlying asset in the long run.
There are no spreads or slippage at Galileo Exchange. You get in at the price you see and you get out at the same price, with no slip and no spreads. Even for trading with the GLT token, no commissions are possible for a truly zero-edge trading experience.
Built for day traders by day traders
Galileo Exchange was developed and built by day traders for day traders. It is for the serious trader and the leisure speculator who wants to make a nice profit in a short period of time. Galileo’s state-of-the-art user interface can be used in many different ways. Users can employ many different strategies and adopt their own style of how to approach trading cautiously or with a little risk taking and high profit. It’s also a great social platform as traders of different levels and skills compete against each other in weekly trading tournaments and challenges for real money and bonus prizes.
The GLT token is released via an initial bonding curve offering. The use of GLT tokens on the platform improves the user experience and speeds up the token holders’ journey to profitability. The token is also an interest-bearing token (yield farming) that pays its holders daily interest, regardless of whether they are idle on the account or in trading. The token and token economy increases engagement through potential gains and increases the user experience. The IBCO for the GLT token will take place in the 1st quarter of 2021.
Due to its binding curve, Galileo Exchange behaves as a constant liquidity provider. When GLTs are bought and sold on the exchange, the token price increases or decreases at predefined price points on the curve. All BTCs used to purchase GLTs, either investing or trading, are accumulated and never spent. This serves as a backup pool of BTC funds for all BTCs in circulation. The bonding curve ensures that users know what the liquidity is at all times. Any increase in the dollar value of BTC also increases the dollar value of the GLT.
To make it easier for new traders to get started with the ecosystem, the platform also offers the FunGelt (FGLT) token – a playful version of the GLT token and a free refill tap service. FGLT users enjoy the full “zero-edge” trading experience and can thus take part in grand prize tournaments. Trading with FunGelt on the platform can also be used as a teaching tool or as a tool to help you learn more about trading and technical analysis.
The Galileo Exchange is governed by Australian law and has the exclusive jurisdiction of the Victorian courts. KYC is not required until daily deposits or withdrawals reach or exceed A $ 1,000. To learn more and start trading, visit Galileo.Exchange now!
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