Projects that unite both worlds #
One of the major issues with DeFi nowadays is the number of projects based on nothing, or rather, on Ponzi schemes. If we take a look at the various protocols announcing large daily yields of up to 8% or 10% of the daily profitability, we can see that the vast majority are projects of this kind, seeking to quickly attract investment and in which case the token value drops at a brutal rate.
The main issue with these projects is that real use does not apply for tokens, that is, they are worth nothing.
The GALO network #
The Galo network wants to promote the use of cryptocurrencies in order to make investments in the real world, whose returns shall revert to investors. So far, this has not been possible, since both worlds are separated by insurmountable barriers.
Thanks to the services that Galobank will provide, we will be able to unite both worlds, allowing the investment of FIAT money in crypto projects and vice versa.
This potential union can be incredibly beneficial for both worlds, since it will allow capital to be attracted to projects that need it, such as renewable energies, agriculture, research, etc., while managing to provide real uses for projects’ tokens, as well as dual FIAT/Crypto returns.
It is an evolution that both worlds need and we are willing to achieve it.
