Galaxis
Crypto Overview
Overview
Galaxis is a platform focused on creating NFT and Web3 tools and technology. The GALAXIS token serves as the utility and governance token for the Galaxis ecosystem.
Purpose and Utility
The GALAXIS token is designed to facilitate governance of the platform and provide utility within the Galaxis ecosystem. Token holders can participate in platform governance decisions and access various features of the Galaxis NFT creation and management tools.
Business Model
The platform focuses on providing NFT creation and management tools, which is a permissible activity from an Islamic perspective as it involves the creation and exchange of digital assets. The primary revenue model comes from platform fees and services related to NFT creation and management.
Real-World Adoption
The platform has demonstrated actual usage in NFT creation and management, though adoption remains at an early stage. Several projects have utilized Galaxis tools for NFT launches and management.
Token Distribution and Development
The project maintains an active development schedule with regular updates to their NFT tools and platform features. The token distribution includes allocations for development, marketing, and community incentives, with vesting periods in place for team tokens.
Ecosystem Analysis
The platform focuses on legitimate business activities involving digital asset creation and management. There are no apparent elements of gambling, interest-bearing mechanisms, or other prohibited activities in the core protocol.
Crypto Impact
To assign a comfort level investing in Galaxis from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Galaxis.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.