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Galxe Blog

GAL Token Will Be Live on May 5th, 2022

The GAL launch comes with a multitude of updates and news to share with the community, partners and investors, read below for everything you need to know following this announcement.

Binance Launchpool

On April 28th, Binance announced that the Galxe token (GAL) would be live on Binance Launchpool. Users will be able to stake their BNB, CAKE and BUSD into separate pools to farm GAL tokens over 30 days, with farming starting on April 28th, 2022 1am PST.

Early Adopter Rewards Distribution

1. The majority of the Early Adopter Rewards token allocation have been assigned to Galxe NFT holders (including holders of Galaxy Girl NFTs, Meta Cowboy NFTs, Shadowy Coder NFTs, and Dr. SOL NFTs), read details here. The snapshot of these NFT holders was taken on April 28th at 1am PST.

Simple chart on Galxe numbers

Updated GAL Tokenomics

The GAL Token contract address on Ethereum: https://etherscan.io/token/0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875

  1. The 10% allocation of the Foundation release schedule is now changed to 4-year vesting instead of a 3-year.
  2. The 15% allocation of the Team release schedule is now changed to 6-year vesting instead of 5-year.
Simple chart about GAL tokens being supplied

New Website

New token, New Galxe website! With the announcement of the GAL token launch, Galxe wanted to celebrate by giving a little makeover to its homepage. The goal was to create a more intuitive and user-friendly experience for both users and builders. The website now features all of our services, in-depth case studies and a designated page for users to build.

Roadmap

Galxe is always looking toward the future and what’s next. See below for the protocol’s Roadmap for the year to come.

  • Discord Bot for Auto Discord AMA Participants Credential Creation
  • Campaign Geofencing Feature
  • Galxe Website UI Upgrade
  • Credential Oracle Launch
  • Credential Data Tag System Launch
  • Private Credential Data Support
  • Snapshot.org OAT Campaign Plugin

Governance

The community forum was launched on the 13th of April for users to discuss and make proposals. The Galxe DAO is meant to be open and welcomes all to participate in the governance forum. One of the first proposals will be regarding the community treasury and selecting multi-sig signers to manage it.

About Galxe (previously Project Galaxy)

Galxe is building a protocol that powers on-chain credentials with plug-and-play NFT modules. The permissionless infrastructure allows everyone to create, distribute, and gamify NFTs with customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.

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