The GALO network #
There are currently a lot of networks that allow their users to use Smart Contracts to participate in DeFi projects, from providing capital, requesting loans, making investments, etc.
The most popular network is Ethereum, but as a result of its saturation, the costs of signing a simple exchange contract between tokens can reach 50 dollars, not to mention working with NFTs, in which case costs can reach between 200 and 300 dollars.
DeFi #
For this reason, various alternative networks providing much quicker working times and lower costs have emerged, Avalanche, BSC, Fantom, Harmony, Cronos, etc, being among the most popular.
These networks allow the creation of tokens within their blockchain, tokens used by the various protocols providing their DeFi services. Through these, customers can participate in the way that best suits them, whether by lending, investing or leaving money deposited to receive annual returns.
Galo bank has its own network, provided with a blockchain and the GALO native token. Our intention is to be able to provide our customers and the rest of the crypto world with the facilities that a financial entity established in the traditional financial system can bring when working in DeFi.
Likewise, by means of an ambitious financial education project, we are trying to help all the individuals who have not heard of DeFi yet to join the DeFi world, being able to register with our help, through the use of our own network and protocols, and also invite developers to create new opportunities in the GALO network.
- Facilities when working in Defi
- Financial education project
- Create new opportunities
- Facilities when working in Defi
- Financial education project
- Create new opportunities
