GAL (Galxe) Token Price & Latest Live Chart

What is GAL (Galxe)?

Galxe is currently the largest Web3 certificate repository platform. It is open and allows users to collaborate with each other, providing features such as application modules, certificate prophets, and more. Users can utilize APIs created by these modules and prophets, and the project side (certificate and data management) can receive incentives and revenues from them. Galxe already has 15 parallel public chain projects utilizing the Galxe infrastructure on the platform. In the certificate system network, Galxe Credential Data Network, there are more than 700 digital certificate curation subsets, over 979 projects, and 209 million external users who have used the certificate API indirectly and have created and participated in more than 10,000 community activities with the certificate and NFT infrastructure.

Certificates are integral to our daily lives. For instance, records of money borrowed from platforms like AAVE and Compound that haven't been cleared, your contribution to a liquidity pool when an agreement was first activated, or your on-chain voting history are all credentials. All of your behavioral data in Web2 counts towards your credentials, with companies like Google and Facebook running algorithms on these credentials to send targeted ads. Credentials are crucial as applications can use them to calculate credit scores, identify target audiences, reward community contributors, and more. As Web3 and DAOs advance, the behavioral data generated by new users will increase significantly. This will provide the necessary infrastructure to help these new users build essential digital credentials.

The difference between Web2 service providers' certificate usage and Galxe's approach is significant. Companies like Google and Facebook can freely convert user behavior into various certificates to send targeted advertisements to their customers, but these certificates are private and closed, inaccessible to other users or enterprises. This leads to resource wastage, monopolization, and privacy theft. Web3 certificate subsets are open and collaborative. This means anyone can access or use any subset of project-created certificates as needed.

How does GAL (Galxe) work?

GAL operates within a carefully structured ecosystem that facilitates the creation, curation, and utilization of Web3 credentials. The token's mechanics are designed to incentivize a wide range of participants, including data curators, developers, and end-users, to contribute to and engage with the Galxe network. Curators, who are responsible for aggregating and verifying credential data, receive GAL tokens as a reward for their efforts. This incentive model ensures that the credential data network is continually expanding with high-quality, verified data sets that are essential for the development of decentralized applications and services.

Galxe uses an open, collaborative certificate data network that is accessible to all developers on Web3. Galxe's infrastructure supports curators who provide certificates through a variety of data sources, including:

• For on-chain certificates, curators can provide sub-map queries or wallet snapshots.

• For off-chain certificates, curators can easily contribute certificate data using Galxe's built-in data sources such as Snapshot.org, Twitter, and GitHub.

Curators receive a revenue stream when the data they select is used in Galxe application modules, the Certificate Oracle Engine, and the Certificate API. This creates a network effect because as more certificate data flows into the system, more developers utilize it, which in turn encourages more curators to provide certificates. Users can view credentials collected in the Web3 world and display their achievement history. Galxe ID can be used as a Virtual Reality DID (Decentralized ID), allowing developers to integrate the Galxe ID Toolkit and provide users with personalized functionality based on their digital credentials, or simply enrich user profiles in their products. This opens up countless possibilities and redefines the future of Web3.

GAL is the native utility token of Galxe, a comprehensive Web3 credential data network. Within the Galxe ecosystem, GAL serves multiple functions, including governance and utility. As a governance token, GAL allows holders to propose and vote on various aspects of the platform, such as feature implementations, parameter adjustments, and the distribution of the community treasury. This democratic approach to governance ensures that the platform evolves in alignment with the interests of its stakeholders. On the utility front, GAL is used to access premium features and services on Galxe, such as the Galaxy Oracle Engine, which provides decentralized applications with access to the credential data network, and the Credential API, which enables seamless integration of credentials into third-party applications.

GAL (Galxe) market price & tokenomics

The token economics of GAL are meticulously designed to ensure long-term sustainability and fair distribution. A fixed supply of 200 million GAL tokens was established at the project's inception, with a strategic unlocking schedule to manage supply and demand dynamics. The initial release of tokens included allocations for early adopters, ecosystem development, and liquidity provisions, with subsequent releases planned to support ongoing platform expansion and user engagement. It serves as the backbone of the Galxe ecosystem, facilitating various interactions and transactions within the platform. Designed to incentivize and reward participants, GAL is integral to the governance and economic model of Galxe. Token holders are granted the ability to vote on key decisions, such as the allocation of community funds and the setting of platform fees, thereby influencing the direction and development of the network. The token also functions as a means of payment for services provided by Galxe, including the use of the Galaxy Oracle Engine and Credential API, which are essential tools for developers and projects seeking to leverage on-chain and off-chain credential data. As of now, GAL (Galxe) is ranked #187 by CoinMarketCap with market capitalization of $324,666,817 USD. The current circulating supply of GAL coins is 115,513,331.

Why do you invest in GAL (Galxe)?

Investing in the GAL project could be considered for several reasons tied to the platform's strategic positioning within the burgeoning Web3 space and its innovative approach to digital credentials. Galxe's vision of decentralizing credential data aligns with the broader trend toward user sovereignty and data ownership in the digital realm, which is a compelling proposition for long-term investment. The platform's ability to bridge on-chain and off-chain data through a collaborative, open-source network addresses a critical need for verifiable and interoperable credentials, which could see increased demand as the web3 ecosystem matures. The potential for widespread adoption across various blockchain networks, including Ethereum, Solana, and Polygon, suggests a robust use case for GAL that extends beyond any single ecosystem.

Moreover, the economic model of GAL is designed to reward participation and foster a vibrant community, which is essential for the network's growth and resilience. The token's governance rights empower holders to shape the platform's future, ensuring that the interests of investors are closely aligned with the project's development trajectory. The finite supply of GAL tokens, combined with the strategic unlocking schedule, is intended to create a deflationary pressure that could appreciate the token's value as demand increases. Successful partnerships and case studies, such as those with the Solana ecosystem, demonstrate Galxe's practical utility and its ability to deliver tangible benefits to its partners and users. For investors looking to capitalize on the expansion of Web3 infrastructure and the tokenization of digital identities, GAL represents an opportunity to gain exposure to a project that is actively shaping the future of decentralized credentials and identity management.

Is GAL (Galxe) a good Investment?

Whether the GAL token is a good investment depends on various factors, including one's investment strategy, risk tolerance, and belief in the project's long-term vision. On the positive side, Galxe operates at the forefront of Web3 credential innovation, addressing a significant need for decentralized identity solutions. The platform's ability to integrate both on-chain and off-chain data into a unified, user-controlled credential system positions it well within a market that prioritizes data privacy and ownership. The project has demonstrated its capacity for growth through strategic partnerships and a growing ecosystem of users and developers, which could potentially increase the demand for GAL tokens.

However, investing in cryptocurrencies, including GAL, carries inherent risks. The crypto market is known for its volatility, and the success of Galxe's platform is contingent upon sustained user adoption and technological advancements. Investors should conduct thorough due diligence, considering both the potential for growth and the risks associated with investing in early-stage blockchain projects. It is also advisable to stay informed about the latest developments in the Galxe ecosystem and the wider cryptocurrency landscape before making any investment decisions.

Find out more about GAL (Galxe):

• Homepage

• Explorer: Etherscan, Bscscan

• Whitepaper