What is Galxe?
Formerly known as Project Galaxy, Galxe is one of the leading Web3 credential data networks. Credentials are what make up our digital identities: they are records of actions, reputations and achievements. Galxe was launched in May 2021 as a collaborative credential infrastructure. It focused on making brands and developers create strong products in Web3 to attract and engage communities. While doing all that, Galxe also focuses on giving data curators the opportunity to earn revenue by contributing to the credential data network. When a curator’s data is utilized, they get compensated.
For developers to use credential data to improve products and communities, Galxe offers Applications Modules, Credential Oracle Engine, and Credential API. The Application Models can be used for a number of different things, such as customized governance, Galxe On-chain Achievement Tokens (OATs), NFT loyalty programs, growth hacking campaigns, and so on. The Credential Oracle Engine and Credential API, on the other hand, can be used for things like credit scoring, Sybil attack avoidance algorithms, and other more customized use cases.
On May 5th, 2022, Galxe token (GAL) was launched. On April 28th, 2022, Galxe coin mining became available. GAL price can be viewed on the chart above.
Use Cases of GAL Tokens
GAL is the driving force behind the whole Galxe crypto project. The token comes in two forms – ERC-20 and BEP-20.
For starters, Galxe tokens act as governance tokens. This means that GAL token holders can vote in Galxe DAO and decide on the future development of the project.
Moreover, the GAL token is used as a method of payment for accessing the features on the platform. This includes using Galxe’s credential data through Application Modules or using the Galxe Oracle Engine and Galxe Credential API.
Besides that, curators use GAL tokens to signal a credential data set’s value.
Don't forget to check the Galxe price chart above. It features the recent movement of the GAL price.
Who Founded Galxe?
Galxe was founded by Harry Zhang and Charles Wayn. While Zhang also co-founded Lino Network and DLive.tv, being COO of the former, he was responsible for the team that created the product used by 10 million monthly active users.
Wayn also co-founded DLive.tv, where he served as CEO. In 2019 DLive merged with BitTorrent and Wayn became VP of Interactive Entertainment there, leading many streaming units like DLive.tv, DLive Protocol, and the Two App. He was also the President of the Association for Chinese Entrepreneurs (ACE) at UC Berkeley from 2017 to 2018.
Besides, both Harry Zhang and Charles Wayn are the founders of Bullet Labs, an enterprise studio that works with Web3 product development.
Tokenomics of GAL
The max supply of GAL tokens is 200 million. The token was launched through the Binance Launchpad. Galxe coin is distributed as follows:
- 20.77% – Growth Backer Rounds;
- 20% – Community Treasury;
- 15% – Team;
- 15% – Marketing
- 10% – Foundation;
- 6.23% – Advisors and Partners;
- 5% – CoinList Public Sale;
- 4.5% – Ecosystem;
- 2% – Early Adopter Rewards;
- 1.5% – Binance Launchpool.
If you plan to acquire Galxe coins, make sure to do a thorough GAL price analysis. You can use the aforementioned Galxe price chart featured above for doing that.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
296.55K
Followers: 296,550
0.12%
Following
1,566
0.00%
Posts count
41,259
0.23%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official Galxe (GAL) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
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Title
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Currently, official Galxe (GAL) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
72 / 100
0.00%
Ahrefs Rank
65,065
1.30%
Organic Traffic (mo.)
27,512
4.90%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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Type
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Currently, official Galxe (GAL) GitHub Organization account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Currently, official Galxe (GAL) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
Galxe hot topics
Currently, official Galxe Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@socios posts