CryptoCurrencies
18267
Exchanges
500
Total Market Cap
4,271,927,883,979
Volume 24h
182,793,514,775
Dominance
BTC 53.57%   ETH 13.50%   XRP 4.25%   USDT 3.91%

Genesis Shards
GS

0.008597
$
0.55 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 9.100
Total Supply
208,969,354
GS
$
# Exchange Pair Price Volume 24h

Description

Genesis Shards (GS) is a whole new marketplace for pre-IDO tokens on NFTs powered by Polkadot. GS was created to usher in a new paradigm for DeFi transforming NFTs into a liquidity vehicle for pre-IDO tokens, and to introduce a whole new suite of DeFi products across multiple blockchains. Most pre-IDO transactions are currently being executed in OTC. With this come the problems of a) illiquidity and also b) the big problem of highly inconsistent OTC trade practices for pre-IDO tokens. Trades are often conducted by two parties in an uncertain environment with a high risk of default. GS aims to 'NFT-y' the OTC market - transforming NFTs into a liquidity vehicle for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens. Also, investors will no longer have to worry about shady OTC deals with high default risk : they can simply utilize the safe, trustless pre-IDO liquidity provided by Genesis NFTs.