GAL (migrated to Gravity - G)

Overview

Galxe (formerly Project Galaxy) is a Web3 credential data network launched in 2021. The platform enables users and Web3 projects to build, curate, and leverage digital credentials. The GAL token is used for protocol governance and reward distribution within the ecosystem.

Purpose and Utility

The primary purpose of GAL is to serve as a governance token for the Galxe protocol, allowing holders to participate in decision-making processes. It's also used as a reward mechanism for users who complete tasks and earn credentials on the platform.

Business Model

Galxe operates as a Web3 infrastructure platform that helps projects create engagement campaigns and reward loyal users. The platform generates revenue through campaign creation fees and partnership programs. The business model appears transparent and focuses on legitimate Web3 infrastructure development.

Real-World Adoption

Galxe has established partnerships with numerous Web3 projects and protocols, including Polygon, BNB Chain, and Arbitrum. The platform has processed millions of credential data points and maintains active user engagement through its campaigns and reward systems.

Development Activity

The project maintains regular development activity with frequent updates to its platform. The team consistently releases new features and improvements, demonstrating commitment to the project's long-term success.

Token Distribution

GAL has a transparent token distribution model with defined allocations for team members, development, and community initiatives. Team tokens are subject to vesting periods, reducing the risk of sudden selling pressure.