icon - Galxe
GAL Galxe
+ 0.4%
$ 1.76985298
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 289
    $ 1.76985298
    $ 96,045,200
    $ 10,722,360
    54,267,333 GAL
    + 0.4%
What is the name of Galxe?
The world's leading Web3 credential data network was launched on April 28, 2022.
Galxe is built on open and collaborative infrastructure that allows Web3 developers and projects to profit from credential data by building better products and communities.
Data curators are rewarded when users use their credentials in the same places.

Digital credentials are what they are.
Our day-to-day life is filled with credentials. An example of an on-chain credential is the record that you borrowed money from DeFi and never got it back. Your contribution to a protocol's liquidity pool when it first launched or your on-chain voting history are all credentials. All of your behavioral data in Web2 is counted towards your credentials, so that companies like Facebook can send you targeted advertisements. The high use case they provide makes credentials important. Application developers can use your credentials to calculate credit scores, find target audiences, and reward community contributors. There will be a lot of behavioral data generated by waves of new users.

There are problems with the current credentials system.
Credential data is held in closed databases that are owned and permissioned by applications, government organizations, and financial and credit institutions. The landscape is not open to the individuals who should own that data or the applications that need it.

The project is called Project Galaxy.
The infrastructure for community members to contribute digital credentials is provided by Project Galaxy. The infrastructure supports multiple data sources. Data from 7 different chains can be contributed by curators.
Credential data can be used to help developers leverage application modules. The use cases of the Application Modules include gated community, growth hacking, and customized governance.

Who are the people who started the project?
The co-founding and project lead is Harry Zhang. The co- founder of DLive.tv was the COO of Lino Network.
Harry was head of data product at Club Factory, where he designed a data-centric supply chain and recommendation system from the ground up. A minor in statistics and a bachelor's degree in computer science are what Zhang has.
Charles Wayn is the co- founder and strategy lead. Charles was the co- founder and CEO of DLive.tv. Charles became the VP of Interactive Entertainment at BitTorrent after DLive merged with BitTorrent.

What makes Galxe unique?
Centralized credential management solutions are being used to meet the demands of data security. credentials are stored in closed databases controlled by applications, governments, and financial and credit institutions.
The goal of Galxe is to provide a public and collaborative credential data network that will enable Web3 developers to use credential data to create better products and more engaging communities.
The goal is to establish a public, collaborative data network that is available to all Web3 developers. The project provides the infrastructure for community members to create and contribute digital credentials.
Subgraph queries and static snapshots can be used to request on-chain credentials.
When credentials are used in the Application Modules, Credential Oracle Engine, and CredentialAPI,uration may be rewarded by contributing to the Credential Data Network.
Credential data can be used to build better products and communities.
The use cases of our application modules include: Galxe OATs, NFT Loyalty Programs, Growth Hacking Campaigns, Gated Community, and more.
Credit scoring and sybil attack prevention are some of the use cases that can be tailored by developers.

There are pages related to this.

Find out more about Civic, a solution that allows users to control and protect their identity information.
You can learn more about The Graph.

How many Galxe coins are in circulation?
The GAL token can be used for Governance, Paying for Application Module Fee, Paying for Galxe Engine, and Curating Digital Credentials.
The total supply of GAL is 200,000,000 and the circulating supply is 35,161,333.
The 2% early adopter rewards have been unlocked at the token generation event. The foundation schedule has been changed from 3 years to 4 years.
Click here to learn more.

How is the network secured?
The GAL token can be used as both a BEP-20 and an ERC-20 token.
The BNB Smart Chain is built on top of the BEP-20 token.

When will Galxe trading begin?
The 30th project on the launchpool was Galxe.

Is GAL able to hit $50?
The GAL token reached an all-time high of $18.26 in May 2022.
GAL token could hit $50 in the next bull run because of the utility of the token and the partnerships this project is making.

Where can I buy Galxe?
The GAL token can be purchased from a number of exchanges.
Do you want to keep track of GAL prices?
You can learn more about Web 3.0 with our educational portal.