What’s Undertaking Galaxy ($GAL)? Thrive with digital credentials in web3

Undertaking Galaxy is a Net 3 credential information community constructed on open infrastructure and has good composability. Undertaking Galaxy’s ecosystem companions embody well-known faces corresponding to Yearn, BSC, Polygon, Coinlist, 1Inch,…

Undertaking Galaxy is the biggest Net 3 credential information community on this planet. Constructed on open and collaborative infrastructure, Undertaking Galaxy helps Net 3.0 builders and tasks leverage digital credential information and NFTs to construct nice merchandise and communities. Additionally, information managers are rewarded when credentials are used within the Galaxy App Module, Oracle Credential Engine, and Credential API.

What’s the challenge making an attempt to attain?

Undertaking Galaxy gives the infrastructure to assist builders use credential information for his or her merchandise, together with Utility Modules, Credential API, and Credential Oracle Engine. Use circumstances of the Utility Modules embody Galaxy OATs (On-chain Achievement Tokens), NFT loyalty packages, progress hacking campaigns, gated neighborhood, and customised governance. Builders may make the most of the Credential Oracle Engine and Credential API for enhanced custom-made use circumstances corresponding to credit score scoring and Sybil assault prevention algorithms.

What is exclusive promoting level?

Open and Collaborative Credential Knowledge Community – Undertaking Galaxy makes use of an open and collaborative credential information community that’s accessible to all builders in Net 3. Galaxy’s infrastructure helps curators contributing credentials by a number of information sources, together with:

• For on-chain credentials, curators can contribute with subgraph queries or pockets snapshots
• For off-chain credentials, curators can simply contribute credential information with Galaxy’s built-in information sources corresponding to Snapshot.org, Twitter, and Github

Earn from Curating Credentials – Curators will earn income streams when the info they curate is utilized in Galaxy’s Utility Modules, Credential Oracle Engine, and Credential API. This creates a community impact as a result of as extra credential information flows into the system, extra builders will onboard to make the most of such information, and in flip incentivize extra curators to contribute credentials.

Galaxy ID – Galaxy ID acts as your Net 3 LinkedIn. For all of the customers on Galaxy:

• Galaxy ID might be your common username that can characterize your multichain/multi-wallet identities in Net 3.
• Customers can show the credentials collected within the Net 3 world and showcase the historical past of their achievements.
• Galaxy ID can be utilized as a metaverse DID (Decentralized ID), builders can combine the Galaxy ID toolkit and supply custom-made options to customers based mostly on their digital credentials, or just enrich person profiles within the product. This allows quite a few prospects and redefines the way forward for Net 3.

Roadmap

Undertaking Galaxy first launched in March 2021, the challenge has additionally attracted greater than 200,000 totally different customers on-chain in 7 totally different blockchains.

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Key metrics 

• Token Title: Undertaking Galaxy
• Ticker: GAL
• Blockchain: Updating…
• Token Commonplace: BEP-20
• Contract: Updating…
• Token sort: Utility, Governance
• Complete Provide: 200.000.000 GAL
• Circulating Provide: Updating…

Token allocation

Token launch schedule

Token use case

• Governance: The GAL is used for voting and governance within the Undertaking Galaxy DAO. GAL token holders have the flexibility to regulate the variety of platform charges collected by the protocol and management the funds held by the Galaxy Undertaking Neighborhood treasury
• Fee for the App Module Charge: Builders who want to use Galaxy credentials information by the App Module will likely be topic to a Platform Charge calculated in GAL. Platform charges are arrange in order that any interplay with the Galaxy protocol will likely be charged within the GAL. Many of the charges will go to the managers and the Galaxy Neighborhood Treasury will accumulate the remaining. At the moment, all App Module charges are waived throughout beta testing. The challenge neighborhood treasury holds.
• Billing for Galaxy Oracle Engine and Galaxy Credential API: Builders pay GAL to question credential information by the Galaxy Oracle Engine and Galaxy Credential API. At the moment, all question charges are waived throughout beta testing.
• Digital Credential Administration: Managers can use GAL tokens to sign the worth of a credential dataset. Every credential dataset will embody a income stream that will likely be prorated among the many credential holders. The supervisor should buy shares of the credential dataset from its respective affiliation curve

Token sale

The Undertaking Galaxy Token Sale Register On CoinList

The sale begins on February 17, 18:00 UTC, and has one public choice:

• Provide: 10,000,000 GAL tokens
• Worth: $1.50
• Lockup & launch: 12-month weekly launch beginning on or round April 14, 2022

Registration deadline: February 15 at 12:00 UTC

Apply till 12:00 UTC February 15

• Possibility 1 – 18:00 UTC February 17
• Worth – $1.50
• Allocation – $100 – $500
• Lockup – 12-month weekly linear unlock beginning on April 14, 2022
• Contributors capable of buy ≈ 30 000

Solutions:

• 10,000,000
• Customers within the ready room for the sale
• Credential information for Web3 purposes and communities
• BTC, ETH, USDC, USDT, SOL, ALGO
• $1.50 per token, $500 restrict
• The person’s buy could also be cancelled and the person could also be banned from future CoinList gross sales
• CoinList.co
• The person’s account will likely be terminated

personal the token?

Purchase GAL Token at IDO on CoinList

Undertaking Galaxy has crossed the mark of 195,000 Followers on Twitter

Workforce/ Founders

Companions

Undertaking Galaxy is constructed on open and collaborative infrastructure with the mission to assist Net 3 builders use digital credential information and NFTs to construct higher merchandise and communities.

Discover extra details about Undertaking Galaxy:

Web site: https://galaxy.eco/

Twitter: https://twitter.com/ProjectGalaxyHQ

Telegram: https://t.me/ProjectGalaxyHQ

When you’ve got any questions, feedback, options, or concepts in regards to the challenge, please e mail [email protected].

DISCLAIMER: The Info on this web site is offered as basic market commentary, and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.

Elise

Coincu Ventures