Genesis Shards (GS) is a revolutionary marketplace for pre-IDO tokens implemented on NFTs and powered by Polkadot. It was established with the vision of modifying the paradigm of DeFi by virtue of transforming NFTs into a liquidity vehicle for pre-IDO tokens and launching a comprehensive suite of DeFi products applied to multiple blockchains. GS aims to address the challenges faced in the OTC markets, such as illiquidity and inconsistent trade practices, by 'NFT-ying' them.
The Game Changer: Genesis Shards
Genesis Shards is a game-changer in the crypto realm, being designed to address the prevailing issues in pre-IDO transactions, mainly executed in OTC (Over-The-Counter). With OTC transactions, traders often face problems of illiquidity and inconsistent practices. Furthermore, OTC deals are usually organized between two parties in a volatile environment, fostering a high risk of default.
Creating Liquidity through NFTs
Genesis Shards intends to eradicate these problems by transforming NFTs (Non-Fungible Tokens) into a liquidity vehicle for pre-IDO tokens. The process involves wrapping time-locked fungible tokens into NFTs, thus creating a new marketplace for previously illiquid tokens. This innovative approach enables investors to bypass unreliable OTC deals, marred by high default risks.
A Trustworthy Approach
Investors can utilize the secure, trustless pre-IDO liquidity offered by Genesis Shards. This ensures a safer and more reliable investment environment. With Genesis Shards, an investor's journey in the crypto market is bound to be a more seamless and secure experience.
Genesis Shards social statistic
80,517
Twitter followers
27,087
Telegram members
0
Reddit subscribers
0
Facebook likes