Project Galaxy | Project Galaxy Crypto | Project Galaxy Gal Token
👉 Project Galaxy Twitter: https://twitter.com/ProjectGalaxyHQ
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Welcome to our Project Galaxy Video!
Project Galaxy overview
Project Galaxy (GAL) is the largest Web3 credential data network in the world. Being built on an open and collaborative architecture, Project Galaxy assists Web3 developers and initiatives in leveraging credential data to create better products and communities.
Simultaneously, there are some rewards for data curators when credentials are utilized in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API.
Project Galaxy highlights
An open and collaborative credential data network for Web3.0:
Nowadays, credential data is segregated on closed data networks which are owned and authorized by applications, government, and financial and credit organizations. This structure makes difficulties for individuals or organizations when they need to use the data. Therefore, an open and collaborative credential data network would help Web3 developers to build various great products as well as attractive communities.
Earn form curating data:
Once curators provide credentials to Galaxy’s Application Modules, Credential Oracle Engine, and Credential API, all of their contributions will be paid off by an amount of money. This would encourage more curators to contribute credentials, hence the more data the system collects , the more developers will be able to utilize such data.
Galaxy ID is created with an aim to “make yourself the main character”. In detail, Galaxy ID, similar to your Web3 LinkedIn, will represent your multichain identities in Web3. Besides, developers can use the Galaxy ID toolkit as a metaverse DID (decentralized ID) to provide users with various features based on their digital credentials, or simply to enrich user profiles on the platform.
Galaxy OAT (On-chain Achievement Token):
OAT’s mission is to be an effective tool to help event organizers and community managers easily build and distribute NFT badge campaigns and reward their community members by leveraging Project Galaxy’s NFT infrastructure and on-chain credential data network.
Project Galaxy Token: use cases
Governance: In the Project Galaxy DAO, the GAL is utilized for voting and governance. $GAL holders have influence over the amount of platform fees collected by the protocol as well as the monies kept by the Project Galaxy Community Treasury.
Curating Credentials: Curators are incentivized to stake GAL tokens in order to signal the value of a credential data set. Each credential data set will include a revenue stream that will be pro-rata distributed among credential stakeholders.
Where can users buy GAL Token?
Project Galaxy token (GAL) is available for purchase on a number of cryptocurrency exchanges such as Binance and Coinbase. Aside from, it appears on some prominent exchanges including KuCoin, MEXC, and FTX.
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Project Galaxy video. Make sure to leave a like on the video if you gained value from it!
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0:40 – Project Galaxy Crypto Explained
9:40 – Twitter 11:06 – Recap