Galxe
Crypto Overview
Project Overview
Galxe (formerly Project Galaxy) is a Web3 credential data network launched in 2021. The platform serves as a credential infrastructure that helps Web3 developers and projects create and leverage digital credentials.
Intended Utility
GAL token serves as the native governance token of the Galxe protocol. Token holders can participate in protocol governance decisions, stake tokens to earn rewards from network fees, and use GAL for payment of platform services.
Actual Utility & Adoption
The platform has demonstrated significant real-world adoption with over 11 million unique users across Web3. Galxe has partnered with major protocols including Polygon, BNB Chain, and Arbitrum to provide credential infrastructure. The platform processes millions of credential data points monthly.
Token Distribution & Governance
Total supply is capped at 200 million GAL tokens. The distribution includes: 15% to team (4-year vesting), 25% to ecosystem growth, 15% to treasury, 27% to community rewards, and 18% to early investors (with vesting). Platform fees are distributed to stakers, avoiding interest-based returns.
Development Activity
The project maintains active development with regular updates to its infrastructure. The team consistently delivers on roadmap milestones and has a strong focus on technological advancement rather than marketing hype.
Revenue Model
Revenue is generated through platform usage fees paid by projects utilizing the credential infrastructure. These fees are distributed to stakers as rewards based on network participation rather than interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Galxe 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 Galxe.
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.