LEOX QRC20 Deployment
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PARIS, FRANCE / March 23, 2023
Galileo Protocol has achieved a significant milestone with the successful deployment of its utility token, LEOX, on the Ethereum mainnet. LEOX is the first QRC20 token to be listed on a centralised and decentralised exchange, and its deployment highlights the benefits of the QRC20 standard.
Developed by Quant, QRC20 is a blockchain-agnostic, secure and reliable smart contract protocol that offers a flexible framework for creating tokens that can be easily integrated into existing blockchain networks and platforms.
Galileo Protocol aims to create a decentralised ecosystem for the tokenisation of physical assets. This ecosystem includes a tokenisation platform, a dedicated marketplace, and tracking tools that enable proof of ownership and authenticity.
The tokenisation platform allows users to create digital representations of physical assets, such as real estate, art, and luxury goods, and enables ownership transfer of these assets. The marketplace allows users to trade these assets in a decentralised and secure manner. The tracking tools provide an immutable record of ownership and enable users to verify the authenticity of the assets.
LEOX is a utility token that powers the Galileo ecosystem. It is designed to be fast, scalable, and cost-effective, making it an attractive option for a variety of use cases. The token can be used to pay for transaction fees, access premium features on the Galileo platform, and participate in the governance of the ecosystem.
The successful deployment of LEOX on the mainnet is a significant milestone for Galileo Protocol. It highlights the innovation of the
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