San Francisco, California--(Newsfile Corp. - May 18, 2022) - Project Galaxy protocol began over one year ago and has seen significant growth having successfully onboarded over 383 partners and 1.6 million users which were critical in developing the ecosystem and driving global acceptance. Today, they announced Project Galaxy DAO and its native governance token GAL, a multi-chain token built on both the Ethereum mainnet and the Binance smart chain. The GAL token can be traded on Binance, Coinbase, Kucoin and other tier 1 CEX's and DEX's including Pancake Swap.
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Project Galaxy has a unique ecosystem that allows Web3 developers and projects to leverage digital credential data and NFTs to build better products and communities. By contributing to Galaxy’s Credential Data Network, curators are rewarded with GAL when credentials are used in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API. The main 4 features of Project Galaxy Application Modules include OAT, Galaxy NFT, Galaxy Vote, and Galaxy ID.
"We began this project with a vision of what we believed would be a game-changer, and have spent the last year building on that vision, and today we are extremely proud and excited to announce that we are finally launching our native token, the GAL token, and we are so grateful for the community that has grown with us this far, and for being a great support system for our team, we are excited to share more big announcements over this year," stated the co-founder of Project Galaxy, Charles Wayne.
The Project Galaxy token, GAL, will offer a significant number of benefits to the token holders such as a payment for the Project Galaxy ecosystem which includes Credential Oracle Engine, and Credential API for developers to leverage credential data to build better products and communities.
GAL is Project Galaxy's native utility and governance token, it offers three main features for the token holder:
Governance: GAL token holders can vote on Project Galaxy DAO's governance proposals.
Paying for Fees: Developers who aim to utilize Galaxy's credential data will be charged in GAL.
Curating Credentials: Curators are incentivized to stake GAL tokens to signal a credential data set's value.
About Project Galaxy
Project Galaxy is the largest Web3 credential data network in the world. Built on open and collaborative infrastructure, Project Galaxy helps developers and organizations leverage NFTs and digital credential data to build better products and communities in Web3. To learn more about Project Galaxy, please visit: Website | Docs | Twitter | Medium | Discord | Telegram | Newsletter
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