Galileo Exchange — Built for Day Traders by Day Traders

5 min readJul 5, 2021

What is Galileo Exchange?

Galileo Exchange is a ‘hybrid’ trading platform that thrives on combining the elements of a Crypto exchange, a Blockchain project, and accelerated price dynamics. This is the only place where you can trade with ever-so-thrilling Atmospheric Hybrid Indexes of real Forex, Cryptocurrencies, Stocks & Commodities.

Galileo Exchange is an innovative ‘hybrid’ trading platform built with elements of a crypto exchange, a DeFi project, and a gaming platform. It combines these essential elements to bring trustworthiness, innovation, value, and entertainment. Among the most interesting features, it introduces are the Gelt (GLT) token and ‘Zero Edge’ trading.

Features of Galileo Exchange

Zero-Edge Trading — Take your trade all the way to the limit and experience true Zero Lounge. Eliminate all fees, commissions, and spreads by avoiding the Early Exit.

Insane wins — Earn high profits, with much less capital thanks to high volatility and intuitive risk-management instruments

Easy and Engaging — Much cleaner, simpler, and more enjoyable interface to satisfy both experienced and newbie traders

Rewarding Challenges — Regular trading tournaments with prize pools of around $10,000 in BTC prizes

Accelerating Action — Lightning-fast, blood-pumping price action thanks to the exhilaration of Atmospheric ‘Hybrid indexes

Aim of Galileo Exchange

Galileo Exchange is a breakthrough in trader engagement, fun, and profitability. The platform is designed for leveling the playing field by removing all frictions to trading, offering an excellent user experience, super-fast action, high-profit potential, and generous incentives.

The gaming element of the platform is one of the main advantages of trading on Galileo Exchange and provides non-stop trading opportunities with instant gratification.

How does it work?

Galileo’s state-of-the-art interface can be used in many different ways. Users can apply many different strategies and utilize their own style of how they’d like to approach trading, whether cautiously or with a little appetite for risk and high profit.
As an exchange, traders can speculate on the price movement of hybrid digital assets; as a DeFi project, it has a token (GLT) with multiple use cases such as zero edge trading, yield farming, and more

Hybrid digital indexes are what is “traded” on the Galileo Exchange. A hybrid Index is a tokenized index created by blending a base currency pair with Atmospheric Noise (ATN), forming a new asset class of hybrid ‘atmospheric’ commodities.

This allows more opportunity for speculation, trade setups, and generally a more dynamic trading experience.
Due to the randomness of atmospheric noise, the shorter the time frame of trade the less you can control it with fundamental analysis.

The longer the time frame of trade, the more fundamentals it follows, as in the long run the hybrid index always follows the base asset.

There are no spreads or slippage on Galileo Exchange. You get in at the price you see and you get out at the same price, no slippage, and no spreads

Even no commissions are possible for a genuinely zero-edge trading experience when trading using the GLT token.

What is The Gelt (GLT) Token Initial Bonding Curve Offering (IBCO)?

Galileo Exchange is powered by the GLT token, guaranteed to return 100% of funds wagered back to its users. Using GLT tokens on the platform enhances users’ experience and accelerates token holders’ paths to profitability.

Use cases of GLT token

The token is an interest-bearing (yield farming) token that pays daily interest to its holders, whether sitting idle in the account or in trading.

The token and token economy adds additional engagement levels through potential profit-making and increases the user’s experience.

A token GLT has multiple use cases such as zero edge trading, yield farming, and more.

No commissions are possible for a genuinely zero-edge trading experience when trading using the GLT token.

The GLT token will be released via an Initial Bonding Curve Offering. The IBCO for the GLT token will be held during the 1st quarter of 2021.

Galileo Exchange behaves as a constant liquidity provider through its bonding curve. When GLT’s are bought & sold on the exchange, the token price increases or decreases at predefined price points on the curve. All BTC used to purchase GLT’s, either for investing or trading, are accumulated and never spent; this serves as the backup pool of BTC funds for all GLT’s in circulation. The bonding curve ensures that users know what the liquidity is at any time. Any increase in the dollar value of BTC also increases the dollar value of the GLT.

What is FunGelt (FGLT) token?

To help new traders enter the ecosystem, the platform also features the FunGelt (FGLT) token — a play-for-fun version of the GLT token and a free top-up faucet service. FGLT users enjoy the full ‘zero-edge trading experience and use them to enter grand prize tournaments. Trading FunGelt on the platform can also be used as a teaching aid or a tool that helps one learn about trading and technical analysis.

For those who are just getting started with trading, we are happy to introduce a demo version of the GLT token — FGLT. Receive 500 FGLT tokens upon registering and try your hand in the most fast-paced trading environment ever. It’s great practice for both beginners and experienced traders.

Conclusion:

Galileo Exchange was developed and built by day traders for short term traders. The Galileo platform has elements of a cryptocurrency exchange, a DeFi project, and a game platform. In turn, traders can speculate on the price movement of the combined digital asset; As a DeFi project, it has a token with many use cases like endless transactions, yield farming and more. The gaming element of the platform is one of the main advantages of trading on Galileo Exchange and offers the opportunity to trade non-stop with instant gratification. It is also a great social platform as traders of different levels and skills compete against each other in weekly trading tournaments and challenges to win cash prizes and real bonuses. . To learn more and start trading, visit Galileo.