Across finance, identity, content, and more, the Web3 revolution promises to return ownership, control, and benefits to individual users. This necessitates massive data, assets, and intellectual property migration from walled digital gardens into decentralized open ecosystems. That’s precisely what Galxe enables – a secure and interconnected environment for realizing the decentralized internet’s full disruptive potential.
Galxe revolutionizes Web3 by providing a common open layer and tools for developing interoperable dApps while preserving the autonomy of blockchain.
This guide delves into how Galxe tackles challenges, like breaking down silos through inter-blockchain bridges and shaping an open, people-centric data economy.
What Is Galxe (GAL)?
Galxe, launched on April 28, 2022, via Binance Launchpool, is the world’s premier Web3 credential data network.
Designed to foster collaboration and openness, Galxe empowers Web3 developers and projects to harness credential data’s potential, promoting superior products and vibrant communities.
Key Features of Galxe:
Organizations often resort to centralized credential management solutions to enhance data security, storing credentials in closed databases controlled by various entities. This approach creates a fragmented landscape, restricting access for those who own the data or require it for applications.
Galxe seeks to tackle this issue by establishing a public and collaborative credential data network. This network empowers Web3 developers to leverage credential data for creating enhanced products and dynamic communities.
Project Galxe, an integral part of Galxe, strives to create an inclusive data network accessible to all Web3 developers. It furnishes the infrastructure for community members to generate and contribute digital credentials to this data network. The curation of credentials is facilitated through various sources within Project Galxe’s infrastructure.
Curators can request on-chain credentials using subgraph queries or static snapshots, while off-chain credentials from sources like Twitter and Github are integrated into Galxe. Curation rewards are granted when these credentials are utilized in Galxe’s Application Modules, Credential Oracle Engine, and Credential API, contributing to the growth of Galxe’s Credential Data Network.
Galxe offers developers Application Modules, Credential Oracle Engine, and Credential API to harness credential data for constructing superior products and communities. The Application Modules have diverse use cases, including On-chain Achievement Tokens (OATs), NFT Loyalty Programs, Growth Hacking Campaigns, Gated Communities, Customized Governance, and more.
Furthermore, developers can employ the Credential Oracle Engine and Credential API for customized purposes like credit scoring and preventing Sybil attacks. This comprehensive approach positions Galxe as a transformative force in credential data networks.
Galxe Founders
Harry Zhang, co-founder and project lead at Project Galxe, previously served as the COO and co-founder of Lino Network and co-founded DLive.tv. At Lino and DLive, he managed the team and developed products serving over 10 million monthly active users.
Before that, Zhang was head of data products at Club Factory, where he designed a data-centric supply chain and recommendation system.
He holds a bachelor’s degree in computer science with a minor in statistics from UC Berkeley and served as the President of the Associate of Chinese Entrepreneurs (ACE) at UC Berkeley from 2016 to 2017.
Charles Wayn, co-founder and strategy lead of Project Galxe, was previously the co-founder and CEO of DLive.tv.
Following the merger of DLive with BitTorrent in 2019, Charles became the VP of Interactive Entertainment at BitTorrent, overseeing various streaming business units, including DLive.tv, DLive Protocol, and the Two App.
He also served as the Association for Chinese Entrepreneurs (ACE) President at UC Berkeley from 2017 to 2018.
Galxe Revolutionizes Web3 Navigation with Crypto Chatbot Galxe AI
Galxe AI is a revolutionary crypto chatbot that leverages the Alva chatbot to redefine Web3 navigation. Setting itself apart from its predecessors, Galxe AI stands out for its unparalleled commitment to delivering efficient and precise Web3 navigation capabilities.
One key feature distinguishing it from other AI chatbots is its ability to overcome knowledge cutoff constraints, provide real-time updates, and maintain a dynamic understanding of the ever-evolving Web3 universe.
Like ChatGPT, Galxe AI is accessible across various platforms, including Galxe’s website, Telegram, Discord, and an upcoming mobile app.
Galxe AI’s continuous adaptation to the rapidly changing Web3 landscape makes it unique. It pulls real-time crypto knowledge from diverse Web3 channels, covering industry analytics, project data, market trends, and community discussions.
This dynamic approach ensures users stay informed about the latest developments in the crypto space, enhancing their ability to navigate the Web3 ecosystem efficiently.
The Future of Web3 Knowledge and Assistance
Galxe AI, in its first version, introduces three AI Agents tailored for specific Web3 needs:
- Project Researcher: Quickly gain comprehensive insights into any project.
- Airdrop Hunter: Navigate the world of airdrops confidently.
- Market Analyst: Stay informed about crypto market trends with the Market Analyst Agent.
Apart from these specialized agents, Galxe AI serves as a knowledge hub, delivering customized, real-time responses to user queries.
This launch is a significant step in Web3’s evolution, blending advanced technology with community needs. It represents progress for the present and holds promise for the future of the Web3 ecosystem.
This innovation showcases the resilience of the Galxe project after a recent hacking incident, emphasizing its commitment to the Web3 community.
How Many Galxe (GAL) Coins Are There in Circulation?
The GAL token has various use cases, including governance, paying for application module fees, Galxe Oracle Engine, and Galxe Credential API, as well as curating digital credentials. The total supply of GAL tokens is 200,000,000, with the circulating supply currently at 35,161,333.00 GAL.
Notably, during the token generation event (TGE), the 2% early adopter rewards have been fully unlocked. Additionally, adjustments have been made to the release schedules, extending the foundation release from 3 to 4 years and the team release from 5 to 6 years of vesting.
Conclusion
Galxe (GAL) leads the Web3 revolution by addressing decentralized data challenges. It provides a collaborative network for developers, emphasizing security, decentralized governance, and real-time updates.
With a focus on open, people-centric data economies, Galxe plays a pivotal role in shaping the future of decentralized technologies.
FAQs
When does Will Galxe (GAL) Trading begin?
Galxe has been named the Binance Launchpool’s 30th project. Since April 29, 2022, it has been accessible for trading on Binance in the following pairs: GAL/BTC, GAL/BNB, GAL/BUSD, and GAL/USDT.
Can GAL Hit $50?
GAL token hit $18.26 in May 2022 but dropped to $2 in the current market. The potential for reaching $50 in the next bull run depends on utility, partnerships, and roadmap execution by Galxe. Stay updated on project news and market trends for accurate assessments.
Where Can You Buy Galxe (GAL)?
GAL tokens are available on exchanges such as Binance, Bybit, Huobi Global, Gate.io, and KuCoin.
