What is GALO used for? #
GALO was created to be able to pay the transactions within the Exchange of the Galobank platform, as well as the gas fees required to carry out any transactions within the Galo network.
Other uses #
- Trading discount
Commissions within the platform with the GALO cryptocurrency will have a 25% discount.
- Training
Galo Bank will be a strong promoter of advanced financial education programs that facilitate access to banking and incorporation into the new decentralized financial services. GALO will provide its users with preferential access to our programs.
- Trade
GALO can be traded for other cryptocurrencies and tokens, on our own network and soon on other external networks, as well as on exchanges.
- Governance
Those who have GALO have the right to participate in the governance mechanism of the Galo chain. The level of this right depends on the amount of GALO at stake.
- Payments
Physical businesses may allow goods and services to be paid using the GALO cryptocurrency.
