A newly minted crypto as of June 2024, Genesis Protocol (GSP-USD) is an interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless omnichain applications, tokens, and experiences. The protocol relies on immutable on-chain endpoints, a configurable Security Stack, and a permissionless set of Executors to transfer censorship-resistant messages between chains.
The upcoming activities span a variety of decentralized finance tasks across multiple platforms, focusing on testing cross-chain decentralized exchanges, bridges for token transfers, and participating in governance and community-driven quests. Users will engage in tasks such as swaps, staking, liquidity provision, and NFT minting. These activities are designed to improve network functionalities and user engagement while offering opportunities for rewards through contributions to platform testing and community involvement.
Top VCs such as Pantera and Sequoia, as well as a16z, the world’s largest crypto VC, have all decided to invest in the company, which is expected to become a critical protocol for blockchain’s wildly popular Web3.
In this case, the GSP token’s trading value stems directly from the number of people who invest in the project. Since it aims to fund and raise awareness about asset tokenization, GSP could generate significant value for its token holders
