Galileo Protocol Introduces Prestige Tokens and Community Tokens

March 23, 2023
Posted by admin

Paris, France, 23rd Mar 2023 – Galileo Protocol, a Web 3 initiative centred on the tokenisation of physical assets and luxury goods, has introduced Prestige Tokens and Community Tokens. These tokens have been developed to enhance user experiences and introduce innovative engagement strategies for businesses and brands, with the aim of facilitating stronger relationships with their customers and supporters.

Prestige Tokens, a type of non-fungible token (NFT), provide holders with unique advantages, such as access to limited edition items, elite experiences, and superior services. For instance, those holding Prestige Tokens may gain priority access to exclusive luxury watch collections, be invited to closed events, or acquire bespoke products fashioned from scarce materials.

On the other hand, Community Tokens are designed to support and incentivise engaged communities by allowing members to be involved in ecosystem governance and receive exclusive advantages and incentives. Pierre Beunardeau, Galileo Protocol’s CEO and co-founder, believes that Prestige Tokens possess the potential to change the way businesses and brands interact with their clientele and supporters.

Moreover, Galileo Protocol has disclosed the forthcoming listing of LEOX, a QRC20 utility token that drives the Galileo ecosystem, on Uniswap, scheduled for March 27th, 2023, at 7:00 PM CET. This development comes after the effective deployment of LEOX on the Ethereum mainnet, emphasising the characteristics of the QRC20 (Quant) standard.

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