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What is LEOX (LEOX)?

LEOX is the utility token powering the Galileo Protocol, a Web3 tokenization platform built to connect physical and digital assets on the blockchain. The project is developed on Quant's Overledger Network and utilizes QRC-20 and QRC-721 tokenization standards to create "pNFTs" — physical Non-Fungible Tokens that serve as digital twins of real-world items such as real estate, luxury watches, and cars. Each pNFT acts as a certificate of authenticity and origin, recorded immutably on a public blockchain, creating a verifiable ownership history designed to combat counterfeiting in global luxury markets. The estimated global value of counterfeit goods exceeds 500 billion dollars, positioning Galileo's solution as a response to a significant market problem.

LEOX functions as a medium of exchange within the ecosystem, covering minting, transaction fees, royalties, milestone rewards, and governance participation. The token is divisible to 18 decimal places, enabling fractional transactions. According to CoinMarketCap, the maximum supply is 150 million LEOX, with a reported total supply of approximately 50.67 million and a self-reported circulating supply of 16,043,095 tokens, representing roughly 10.7% of the maximum. The project's start date is listed as September 23, 2022 (also its CoinMarketCap listing date), while the launch date is recorded as April 6, 2023. The project has completed a compliant token sale on the LCX Exchange.

Key Specifications & Tokenomics

• Name: LEOX (Galileo Protocol)
• Ticker / Symbol: LEOX
• Blockchain / Platform: Ethereum-based token using the QRC-20 standard, built on Quant's Overledger Network; pNFTs are issued across Ethereum, Polygon, Binance Smart Chain and XDC Network
• Token Standards: QRC-20, QRC-721
• Underlying Network: Quant's Overledger Network
• Contract Address: 0xa444EC96Ee01bB219A44B285De47bf33C3447ad5
• Category: Real World Assets Protocols, Ethereum Ecosystem
• Max Supply: 150,000,000 LEOX
• Reported Total Supply: 50,673,440 LEOX
• Self-Reported Circulating Supply: 16,043,095 LEOX
• Divisibility: 18 decimal places
• CertiK Rating: 3.5 (out of 5, issued by CertiK)
• Official Website: https://www.galileoprotocol.io
• Whitepaper: https://galileo-protocol.gitbook.io/galileo-protocol/
• Explorer: etherscan.io
• Holders: Holder count varies by source; CoinMarketCap's community section showed roughly 14K holders at the time of that snapshot

Who created LEOX?

The LEOX token sale was hosted on the LCX Exchange, which announced the sale on X on January 4, 2023. The project is associated with the Galileo Protocol brand and has been referenced in materials published by the LCX Exchange. The protocol's development is tied to Quant's Overledger Network, indicating a technical relationship with Quant Network.

How does LEOX work?

Galileo Protocol operates as a peer-to-peer, multichain community platform that enables brands, owners, and customers to discover, browse, purchase, and create NFTs tied to physical assets. These pNFTs function as digital twins of tangible items, providing the unique, traceable, immutable, and secure properties of conventional NFTs while abstracting the complexity of trading physical goods. The protocol certifies authenticity and origin on a public blockchain, creating an ownership history log for each tokenized asset. The pNFT token model establishes a network of trust that can deliver operational efficiencies and cost reductions for businesses in luxury markets.

The platform offers an open-source marketplace, cheaper and faster transactions, currency and pNFT transfers, a redemption and escrow system, fiat and crypto payment options, and a DeFi lending protocol. NFTs can be acquired using fiat, USDC, LEOX, QNT, and other currencies. LEOX is a utility token used for minting, transaction fees, royalties, milestone rewards and governance within the Galileo ecosystem.

What makes LEOX unique and valuable?

LEOX distinguishes itself through its focus on tokenizing physical assets to solve the global counterfeiting problem, a market estimated at over 500 billion dollars. By creating pNFTs that serve as digital twins of physical items, Galileo Protocol provides a blockchain-based certification of authenticity and origin that is unique, traceable, immutable, and secure. This approach allows most people and businesses to tokenize real-world assets into NFTs, bridging the gap between physical ownership and digital verification. The protocol's development on Quant's Overledger Network and its use of QRC-20 and QRC-721 standards provide a technically robust foundation.

Galileo targets three issues in luxury asset markets: the illiquidity of alternative assets (addressed via fractional ownership through pNFTs), the ability for crypto investors to invest in physical assets, and counterfeiting (addressed through on-chain authentication and origin guarantees).

Galileo Protocol states that LEOX benefits from Quant Network-level security and that its contracts have been reviewed by third-party auditors (CertiK). Token holders benefit from discounts on trading fees, access to new NFT launches, and voting rights on protocol decisions. The token's divisibility to 18 decimal places enables flexible transaction sizes. Additionally, LEOX supports peer-to-peer payments without financial intermediaries, allows users to act as their own bank with wallet-based proof of ownership, and does not require a bank account to collect or receive payments. The protocol's multichain approach, with pNFT issuance referenced across Ethereum, Polygon, Binance Smart Chain, and XDC Network, further enhances its versatility.

What is LEOX used for?

LEOX serves as the utility token within the Galileo ecosystem, functioning as a digital currency for transactions involving physical assets. Its primary uses include serving as a medium of exchange for platform services, paying transaction fees within the protocol, covering minting costs, and paying royalties as necessary. The token is also used for milestone rewards and provides governance rights, allowing holders to vote on decisions concerning the future of the protocol. Additionally, LEOX holders can access discounts on trading fees and gain early access to new NFT launches.

The token enables peer-to-peer payments, allowing users to transfer value without relying on a financial institution as an intermediary. It is accepted alongside fiat, USDC, and QNT for purchasing pNFTs on the Galileo marketplace. The LEOX token sale was successfully concluded on the LCX Exchange, where it trades in pairs including LEOX/LCX and LEOX/USDC. LEOX also trades in a LEOX/ETH pair on Uniswap v3 (Ethereum). Users can buy, trade, and store LEOX tokens on the LCX exchange, and the token is also referenced on various price-tracking platforms.

How Is the LEOX ecosystem developing?

The Galileo Protocol ecosystem is expanding through its development on Quant's Overledger Network and its integration with multiple blockchain networks for pNFT issuance, including Ethereum, Polygon, Binance Smart Chain, and XDC Network. The protocol offers a range of services including an open-source marketplace, DeFi lending, redemption and escrow systems, and support for both fiat and cryptocurrency payments. The protocol links a series of verified partners and existing luxury goods outlets through blockchain technology (pNFTs). The LEOX token sale concluded successfully on LCX Exchange. According to CoinMarketCap, LEOX trades on 14 active markets.

The project communicates through its official X/Twitter account (@Galileoprotocol) and website. Galileo Protocol's contracts have undergone third-party audits (CertiK). The ecosystem continues to position itself as a bridge between physical luxury goods and blockchain-based ownership verification.

How to mine LEOX?

LEOX is not mineable and has no proof-of-work or staking mechanism; it is a QRC-20 utility token acquired by purchase on exchanges or earned through platform activities such as milestone rewards. It operates as a utility token on the Ethereum platform and Quant's Overledger Network, utilizing QRC-20 token standards. Users can obtain LEOX by buying it on exchanges where it is listed, including the LCX Exchange, or by receiving it as payment or rewards within the Galileo ecosystem. The token's utility is focused on transactions, governance, and access to platform services rather than network validation.

How to keep your LEOX Coin safe?

To keep LEOX tokens safe, users should store them in a compatible wallet that supports Ethereum-based assets and QRC-20 tokens. Since LEOX is divisible to 18 decimal places, it can be held in standard Ethereum wallets that support ERC-20 tokens. Hardware wallets provide an additional layer of security by keeping private keys offline. Users should always verify contract addresses before interacting with any token, and the official LEOX contract address on Ethereum is 0xa444EC96Ee01bB219A44B285De47bf33C3447ad5. Enabling two-factor authentication on exchange accounts and using strong, unique passwords are essential practices.

Galileo Protocol states that LEOX offers Quant Network-level security, with the protocol protected by well-established third-party audited cryptography that safeguards wallets, tokens, NFTs, and transactions. Users are encouraged to act as their own bank, using their wallet as proof of ownership, which gives them full control of their funds without requiring additional third parties. It is important to be cautious of phishing attempts and to only interact with official Galileo Protocol channels, including the website at https://www.galileoprotocol.io and the verified Twitter account. Storing large amounts in cold storage and keeping software wallets updated further reduces risk.