Galxe (GAL) Price

Project Galaxy is an open and collaborative credential data network accessible to all Web3 developers. The platform provides the infrastructure for community members to curate digital credentials and contribute data to the network. There are two types of credentials contributors can curate: on-chain and off-chain credentials. Contribution to the Galaxy Data Network yields a reward if the credentials are utilized in Galaxy’s application modules, credential oracle engine and credential API.

Galaxy ID is another important aspect of the platform that includes a user's individual username, representing them across multiple chains and wallets, and displays their credentials collected in Web3. Developers can integrate the Galaxy ID toolkit to offer customized features based on the credentials provided, thereby tapping into a plethora of possibilities for different Web3 applications. Users can already integrate their Galaxy ID with Twitter, Discord, and Github.

The Galaxy on-chain achievement token (Galaxy OAT) is a solution for event organizers and community managers to utilize the project's NFT infrastructure and on-chain credential data network to build and distribute NFT badge campaigns easily and reward their community members. The OAT aims for integration between one's offline and online identities and could allow, for example, to combine offline events like concerts with online events through the issuance of NFTs. Project Galaxy bills the OAT as "a digital record of all your life's achievements."

The need for Project Galaxy arose because credential data is segregated across closed and permissioned databases owned by different parties like governmental, financial, and credit institutions. Off-chain credential data is often stored out of the reach of users and developers on private servers. Project Galaxy aims to build an open and collaborative credential data network accessible to all Web3 developers. An example of credential data on the blockchain is a borrowing record from a money market or your on-chain voting history.

Project Galaxy has unique features including growing a DEX through credential-based NFTs, customized governance for BNB Chain, ecosystem growth for Solana, and a GAL governance token for platform fees and data curation.