Galxe provides the following three-step process for projects:
Select activity requirements - Galxe provides different data sources for the project to use its Web3 blockchain data api credential data network. The current integration allows tracking of on-chain footprints, X engagement, Discord activity, GitHub buyback contributions, event participation, DAO voting status, and verified individuals. In addition, projects can import their data.
Choose Reward Type - Projects that decide to use the Galxe crypto platform can choose between OATs(on-chain achievement tokens), SBTs(Soul bound tokens), NFTs(non-fungible tokens), Mystery boxes, allowlists, Token rewards, raffles, and Custom rewards.
Launch a campaign - galaxy blockchain data api promises to take care of the rest after a project launches a campaign. This includes automatically tracking task completion and distributing rewards both on - and off-chain.
Project Galaxy Crypto Community - How do I connect to Galxe
By covering the above information and answering the question, "What is the Galactic Project?" You know "Project Galaxy" is the old name, and "Galsey" is the current name. Plus, you know Galxe is a community-building platform. That said, as a specific platform designed to build a strong community, the project itself must have a strong community. Judging from the X track of the project, it's doing quite well:
In addition to Galxe's X-Files, this former project Galaxy Crypto Enterprise offers several additional community outlets. You can access them via the top menu on the project home page:
What is a GAL coin?
GAL coin is the native cryptocurrency of the Galxe encryption protocol. The token's original home is the Ethereum chain, where it was born on January 19, 2022. However, since April 30 of the same year, the GAL crypto token has also been roaming the ecosystem on the BNB chain.
Project Galaxy Crypto Asset is a replaceable token. On the Ethereum chain, it follows the ERC-20 token standard with a total supply of $200,000,000 gallons.
GAL coin use cases
The project Galaxy Coin has multiple use cases. It primarily serves governance, incentive, and payment purposes within the Galxe crypto ecosystem.
Speaking of governance, the GAL crypto token allows its holders to vote and participate in the Galxe DAO. This gives GAL holders a say in how high Galxe platform fees are and how Galxe's community coffers are used.
In terms of payments, GAL covers two main areas. On the one hand, developers who want to use Galxe's credential data through the platform's application modules use GAL to pay for the platform. On the other hand, the GAL crypto asset is also the medium that developers use to pay for the Galxe oracle engine and the Galxe credential blockchain data api.
The Galaxy coin project is also used to motivate administrators of Galxe digital certificates. In addition, administrators can collect rewards in the form of GAL coins in recognition of their contributions in helping to identify valuable credential data.