What is Genesis Shards (GS) | What is Genesis Shards token | What is GS token
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot that redefines NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens.
The DeFi ecosystem has taken leaps and bounds over the last few years. However, it still faces some acute bottleneck issues in the pre-IDO space, with low token liquidity due to lack of a tradable market and inconsistent OTC trade practices that have a high default risk.
Genesis Shards was created to usher in a new paradigm where network participants can efficiently and safely gain access to and trade pre-IDO tokens, while projects can leverage token liquidity early in the life cycle, build strong community support early on in their journey, and also get a sense of price discovery. This is done by essentially “NFT-ing” the OTC market: transforming NFTs into a liquidity vehicle for pre-IDO tokens.
Genesis Shards aims to pioneer the DeFi NFT space by reimagining nonfungible tokens as DeFi options.
Genesis Shards’ vision has attracted the support of participants from every corner of the DeFi sphere. Our funding rounds were crafted to be inclusive of the entire ecosystem.
Unlocking a new frontier in DeFi: A Pre-IDO marketplace on nonfungible tokens
The DeFi space today faces some big problems when it comes to pre-IDO trading. Though initial DEX offerings have rapidly gained acceptance as the go-to choice for token distribution, there are very few avenues for pre-IDO trading for the community. On the other hand, projects have limited community participation and little sense of price discovery in the early stages.
Genesis Shards aims to solve the issues faced by DeFi projects and their communities in the pre-IDO space by building the first marketplace for pre-IDO tokens on NFTs. By wrapping time-locked fungible tokens into NFTs, Genesis Shards will create a new market for previously illiquid tokens.
Intricately designed pieces that build the GenesisShard ecosystem
$GS TOKEN
Utility token in the ecosystem. Swapped for elements such as GEN ACCESS.
GEN ACCESS
Entry into the GENESIS SHARDS Ecosystem allowing holders to acquire GEN TICKETS
GEN TICKETS
Each ticket will have varying amount of Pre-IDO tokens that are inside.
Tickets can be traded on GEN NFTX or be swapped for Post-IDO tokens.
GEN NFTX
Marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps
GEN SHARDS ECOSYSTEM
ARCHITECTURE
POST IDO OPTIONS
Marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps
PRE–IDO TOKENS
ap in the market. 0 liquidity and 0 market while the project figures out the IDO plan.
NFT WRAPPED TOKENS
Tokens are wrapped in NFT to
• Retain full control of the tokens and supply in the NFT
• Create isolated ecosystem of NFT wrapped tokens that doesn’t interfere with IDO plans
• Enable liquidity of illiquid tokens
GEN ECOSYSTEM
Tokens can be swapped within the GENESIS SHARD Ecosystem. Leveraging the existing network and influence to harness the marketing power of the community
GEN NFTX
Crosschain marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps. Powered by Polkadot.
POST IDO OPTIONS
Marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps
PRE–IDO TOKENS
ap in the market. 0 liquidity and 0 market while the project figures out the IDO plan.
NFT WRAPPED TOKENS
Tokens are wrapped in NFT to
• Retain full control of the tokens and supply in the NFT
• Create isolated ecosystem of NFT wrapped tokens that doesn’t interfere with IDO plans
• Enable liquidity of illiquid tokens
GEN ECOSYSTEM
Tokens can be swapped within the GENESIS SHARD Ecosystem. Leveraging the existing network and influence to harness the marketing power of the community
GEN NFTX
Crosschain marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps. Powered by Polkadot.
POST IDO OPTIONS
Marketplace for DeFi products coming out of GENESIS SHARDS ecosystem with the ability to shard NFTs for fractional swaps
The next major steps in Genesis’ journey will be announced soon. Keep your eyes peeled for updates.
Would you like to earn TOKEN right now! ☞ CLICK HERE
How and Where to Buy Genesis Shards (GS)?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since GS is an altcoin we need to transfer our coins to an exchange that GS can be traded. Below is a list of exchanges that offers to trade GS in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GS from the website: Uniswap (v2), 1inch Exchange, and DODO BSC
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once GS gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information GS
☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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