Galxe

What is Galx?

Formerly known as Project GalaxyGalxe is one of the leading Web3 Credential Data Networks. Credentials are what make up our digital identity: they are records of actions, reputations, and achievements. Galxe was launched in May 2021 as shared credential infrastructure. The goal of the project was to get brands and developers to create strong products on Web3 to attract and engage communities. While doing all this, Galxe also focuses on providing data curators with the opportunity to earn income by contributing to the credential data network. They receive a reward for using the curator’s data.

To enable developers to use credentials to improve products and communities, Galxe offers Application Modules, Credential Oracle Engine and Credential API. Application models can be used for various purposes such as custom governance, Galxe on-chain achievement tokens (OAT), NFT loyalty programs, growth hacking campaigns, etc. On the other hand, Credential Oracle Engine and Credential API can be used for such things , like credit scoring, Sybil attack prevention algorithms, and other more customized use cases.

May 5, 2022 Galxe Token (GAL) was launched. On April 28, 2022, Galxe coin mining became available. The price of GAL can be seen in the chart above.

Options for using GAL tokens

GAL is the driving force behind the entire Galxe crypto project. The token exists in two forms: ERK-20 And BEP-20.

First, Galxe tokens act as governance tokens. It means that GAL token holders can vote in the Galxe DAO and make a decision on the further development of the project.

Moreover, GAL token is used as payment method to access platform functions. This includes using Galxe credentials via Application modules or using Oracle Engine And Galxe Credentials API.

Besides, curators use GAL tokens to represent the value of a set of credentials..

Be sure to check out the Galxe price chart above. It reflects the recent price movement of GAL.

Who founded Galxe?

Galxe was founded Harry Zhang and Charles Wayne. Although Zhang also co-founded Lino Network and DLive.tv, as the former’s chief operating officer, he was responsible for the team that built the product, which has 10 million monthly active users.

Wayne also co-founded DLive.tv, where he served as CEO. In 2019, DLive merged with BitTorrent, and Wayne became vice president of Interactive Entertainment there, leading multiple streaming divisions such as DLive.tv, DLive Protocol and Two App. He also served as President of the Association of Chinese Entrepreneurs (ACE) at the University of California, Berkeley from 2017 to 2018.

Additionally, both Harry Zhang and Charles Wayne are the founders Bullet labscorporate studio developing Web3 products.

Tokenomics GAL

The maximum supply of GAL tokens is 200 million. The token was launched through Binance Launchpad. The Galxe coin is distributed as follows:

• 20.77% – growth support rounds;
• 20% – public treasury;
• 15% – Team;
• 15% – Marketing
• 10% – Fund;
• 6.23% – Consultants and partners;
• 5% — public sale of CoinList;
• 4.5% – Ecosystem;
• 2% — rewards for early users;
• 1.5% – Binance Launchpool.

If you are planning to purchase Galxe coins, be sure to do a thorough analysis of GAL prices. To do this, you can use the aforementioned Galxe price chart provided above.