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About Galxe
- Galxe is a Web3 credential data network launched on April 28, 2022, on Binance Launchpool.
- It provides an open and collaborative infrastructure for Web3 developers to leverage credential data.
Founders
- Harry Zhang: co-founder and project lead, previously COO and co-founder of Lino Network and DLive.tv.
- Charles Wayn: co-founder and strategy lead, previously co-founder and CEO of DLive.tv.
What Makes Galxe Unique?
- Galxe addresses the problem of centralized credential management solutions.
About Galxe: Empowering a New Era of Community Engagement
Introducing Galxe (GAL): A Comprehensive Overview
Galxe is the pioneering Web3 credential data network, officially launched on April 28, 2022, through Binance Launchpool, a prestigious platform for innovative projects.
Galxe is founded upon an open and collaborative infrastructure, empowering Web3 developers and projects to harness the value of credential data, thereby crafting superior products and fostering thriving communities.
Data curators are incentivized when users concurrently utilize their credentials across Project Galaxy’s Application Modules, Credential Oracle Engine, and Credential API, thereby fostering a synergistic ecosystem.
The Visionaries Behind Project Galaxy: Meet the Founders
Harry Zhang, a visionary entrepreneur, is the co-founder and project lead at Project Galaxy. Notably, he previously held the dual role of COO and co-founder at Lino Network, as well as co-founder of DLive.tv. During his tenure at Lino and DLive, Harry successfully spearheaded the team and developed a product that garnered an impressive user base of over 10 million monthly active users.
Prior to that, Harry served as the head of data product at Club Factory, where he successfully designed and implemented a data-driven supply chain and recommendation system from scratch. Zhang holds a Bachelor’s degree in Computer Science with a minor in Statistics from the esteemed University of California, Berkeley. Notably, from 2016 to 2017, he assumed the role of President of the Association of Chinese Entrepreneurs (ACE) at UC Berkeley.
Charles Wayn, the esteemed co-founder and strategy lead of Project Galaxy, boasts an impressive professional pedigree. Prior to co-founding Project Galaxy, Charles served as the co-founder and CEO of DLive.tv. Following the merger of DLive with BitTorrent in 2019, he assumed the role of VP of Interactive Entertainment at BitTorrent, where he oversaw several key business units, including DLive.tv, DLive Protocol, and the Two App. Notably, from 2017 to 2018, he held the position of President of the Association for Chinese Entrepreneurs (ACE) at UC Berkeley.
Unveiling the Unparalleled Essence of Galxe
To address the pressing need for robust data security, organizations are increasingly adopting centralized credential management solutions. Currently, credentials are stored in closed, proprietary databases controlled and permissioned by various entities, including applications, governments, and financial and credit institutions. Consequently, this has given rise to a fragmented landscape that excludes those who are the rightful owners of the data or the applications that rely on it.
The mission of Galxe is to tackle this challenge by establishing a public and collaborative credential data network, thereby empowering Web3 developers to harness credential data to craft more sophisticated products and foster more immersive communities.
The overarching objective of Project Galaxy is to create a publicly accessible, collaborative data network, universally available to all Web3 developers. By providing the necessary infrastructure, the project empowers community members to craft and contribute digital credentials to our data network. Furthermore, the curation of these credentials can be achieved through multiple sources, leveraging Project Galaxy’s robust infrastructure.
Curators can request on-chain credentials via subgraph queries or static snapshots, while Galxe has established connections with external data sources, including Twitter and Github, to facilitate the verification of off-chain credentials.
Curation efforts may be incentivized when credentials are leveraged within Galaxy’s Application Modules, Credential Oracle Engine, and Credential API, thereby contributing to the growth of Galaxy’s Credential Data Network. As the data network is utilized by individuals, this, in turn, fosters a greater sense of community, encouraging even more people to participate in the curation process for our network.
Galxe offers a suite of innovative solutions, comprising Application Modules, Credential Oracle Engine, and Credential API, empowering developers to harness the power of credential data and craft exceptional products and thriving communities.
Our Application Modules boast a diverse range of use cases, including Galxe OATs (On-chain Achievement Tokens), innovative NFT Loyalty Programs, targeted Growth Hacking Campaigns, exclusive Gated Communities, and tailored Customized Governance solutions, among others.
Moreover, developers can leverage the Credential Oracle Engine and Credential API to cater to more bespoke use cases, including, but not limited to, credit scoring and sybil attack prevention algorithms, thereby unlocking a wider range of possibilities.
What Is the Circulating Supply of Galxe (GAL) Coins?
The GAL token serves multiple purposes, including: governance; covering the costs of application module fees; facilitating payments for the Galxe Oracle Engine and Galxe Credential API; and curating digital credentials.
The total supply of GAL tokens is capped at 200,000,000, with a current circulating supply of 35,161,333.00 GAL.
Following the token generation event (TGE), the 2% early adopter rewards have been fully released. Notably, the 10% foundation release schedule has undergone a revision, extending the vesting period from 3 years to 4 years. Furthermore, the 15% team release schedule has been adjusted, with the vesting period now spanning 6 years, up from the initial 5 years.
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The Galxe Network’s Robust Security Framework: A Comprehensive Overview
The GAL token boasts a dual existence as both an ERC-20 and BEP-20 token. Notably, the ERC-20 token is constructed upon the Ethereum blockchain, which has undergone a significant transformation with its transition to a more environmentally friendly proof-of-stake (PoS) consensus mechanism on Ethereum 2.0.
The BEP-20 token is erected upon the robust foundation of the BNB Smart Chain blockchain, bolstered by the unwavering security of the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism.
When Will Galxe (GAL) Trading Commence?
Galxe has been distinguished as the 30th project to be featured on the esteemed Binance Launchpool. As of April 29, 2022, it has been available for trading on Binance, with the following pairs being offered: GAL/BTC, GAL/BNB, GAL/BUSD, and GAL/USDT.
Will GAL Soar to $50?
Upon its debut via Binance Launchpool, the GAL token soared to an all-time high of $18.26 in May 2022. However, amidst the prevailing crypto winter, its value has plummeted to the $2 range.
Considering the token’s utility and the strategic partnerships forged in the Web3 ecosystem, the GAL token has the potential to surge to $50 in the next bull run, contingent upon Galxe’s successful execution of its roadmap.
Where to Acquire Galxe (GAL): A Comprehensive Guide
The GAL token is available for purchase on a variety of prominent cryptocurrency exchanges, including Binance, Bybit, Huobi Global, Gate.io, KuCoin, and several others.
Stay up-to-date with real-time GAL price movements by downloading the CMC mobile app.
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Defining Digital Credentials: A New Era of Verification
In our daily lives, credentials play a vital role. A prime example of an on-chain credential is the record of borrowing from DeFi lending protocols without ever facing liquidation. Similarly, your contribution to a protocol’s liquidity pool at its inception or your on-chain voting history are also credentials. In the Web2 realm, all your behavioral data contributes to your credentials, which companies like Google and Facebook leverage to create targeted advertisements by running algorithms on this data. The significance of credentials lies in their diverse range of applications. Developers can utilize your credentials to calculate credit scores, identify target audiences, reward community contributors, and more. As Web3 and DAOs continue to evolve, a surge in behavioral data is anticipated, driven by the influx of new users. Project Galaxy will provide the necessary infrastructure to empower these new users to build digital credentials, which will become increasingly crucial.
The Inherent Flaws of the Contemporary Credential Ecosystem
Credential data is currently scattered across disparate, closed databases, controlled by various applications, government agencies, and financial and credit institutions. This has resulted in a fragmented landscape, inaccessible to the individuals who should rightfully own the data and the applications that require it. Project Galaxy seeks to address this issue by establishing an open and collaborative credential data network, empowering Web3 developers to harness credential data and NFTs to craft more innovative products and foster more immersive communities.
Revolutionizing the Future of Data: The Project Galaxy Solution
Project Galaxy furnishes a robust infrastructure, empowering community members to meticulously curate and contribute digital credentials to the Galaxy Credential Data Network. This infrastructure is designed to support the curation of credentials from a diverse array of data sources. Notably, curators can leverage data from 7 distinct blockchain chains, utilizing subgraph queries or snapshots to validate on-chain credentials. Furthermore, they can also draw upon data from Twitter, Discord, Github, or offline events to authenticate off-chain credentials.
Project Galaxy also furnishes a suite of Application Modules, a Credential API, and a Credential Oracle Engine, empowering developers to harness the potential of credential data. The diverse use cases of these Application Modules encompass Galaxy OATs (On-chain Achievement Tokens), innovative NFT loyalty programs, targeted growth hacking campaigns, exclusive gated communities, and bespoke governance models. Furthermore, developers can leverage the Credential Oracle Engine and Credential API to craft bespoke solutions, including advanced credit scoring systems and robust Sybil attack prevention algorithms.
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