CryptoCurrencies
13922
Exchanges
500
Total Market Cap
2,396,141,905,375
Volume 24h
212,159,879,973
Dominance
BTC 51.68%   ETH 15.39%   USDT 4.51%   BNB 3.44%

Genesis Shards
GS

0.009273
$
7.19 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 3115.7
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.