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What Is the GAL Token?

Like most decentralized projects, Galxe’s DAO has its native token, $GAL. All holders of GAL have a say in the important decisions made within Project Galaxy DAO. Some of these decisions include setting the platform fee and controlling funds held in the Galaxy Community Treasury.

GAL can also be used as gas to pay for products like the Galaxy Oracle Engine and Credential API within the platform. The first airdrop of GAL tokens was announced early this year to appreciate the Galxe community of dedicated users.

Credential API. At the time of writing, all Application Module fees and query fees are waived during beta testing.

 

What Makes Galxe Different From Web2 Community Building Platforms?

Galxe is different from web2 community building platforms (such as Reddit, Discord etc.) due to:

 

Ownership: Users own their data and content as Galxe is built on the Ethereum blockchain,

Transparency: The code is open source,

Rewards: Users are rewarded for participation, such as Galxe Loyalty Points, On-chain Achievement Tokens (OATs) NFTs, Exclusive Content, Voting Power, Whitelist spots giving users early access to new projects and products, etc.

Decentralization: Galxe is not controlled by one party, hence the platform will be more resistant to censorship, while enabling easier participation.

 

Feature

 

Galxe

 

Web2 Forum

 

Ownership

 

Users own their own data and content.

 

Platform owner controls all of the data.

 

Transparency

 

Code is open source.

 

Code is closed source.

 

Rewards

 

Users can earn rewards for participating in the community.

 

No rewards for participating in the community.

 

Decentralization

 

Platform is not controlled by any one entity.

 

Platform is controlled by a single entity.

 

 

 

What are the Key Features of Galxe?

The following are a few key features of Galxe currently. Note: as Galxe is live and already in operation, it is highly likely to add more features as it evolves.

 

Galxe’s Passport

An important key to Galxe’s appeal is Galxe’s Passport, where users will get a unique Galxe Passport Soulbound Token – non-transferable tokens unique to the individual who holds them.

 

Galxe Passport

 

Source: https://galxe.com/passport

 

The idea is that users would want to have the Galxe Passport as a means to accrue, store and share all the user’s digital credentials from Galxe’s collaborative credential data network. Galaxy argues that these digital credentials are tamper-proof and verifiable, which makes them a valuable way for users to show proof of their skills, knowledge, and experience in a central location – particularly useful in a digital and evolving world.

 

Galxe Passport is a powerful tool for community building, as it allows users to share their credentials and interests with each other, which in turn can also help them to connect with others who share their interests, or are looking for people with certain skillsets.

 

Spaces

Spaces are verified landing pages on Galxe. This means that users and/or companies are verified as hosts, and in turn the hosts own and control their data and identities in Spaces, and they can control who sees and/or contributes to their content. These Spaces can be used for collaboration, information sharing, loyalty programs or forums just for hanging out.

 

Galxe Spaces

 

Source: https://galxe.com/spaces

 

Galaxy provides owners of Spaces moderation tools for managing their communities, analytics to track growth and track audience participation, chat functions for real-time communication.

 

Curators of Spaces can create campaigns within their Spaces for the followers to join, as well as publish their Mintlist, NFT Contracts and Community Leaderboard.

 

Galxe Campaigns

 

Source: https://galxe.com/coingecko/campaigns

 

Campaigns

Users can join campaigns and get rewards by participating and fulfilling requirements in the campaigns. Rewards can include OAT tokens, entitlement to mystery boxes, and more.

 

Collect OAT Tokens

 

Source: https://galxe.com/coingecko/campaign/GCu8iUUTtY

 

Galxe Data Dashboard

 

Source: https://blog.galxe.com/galxes-new-data-dashboard-all-your-campaign-stats-in-one-place-9b9ca10497bf

 

Community Engagement Example: Galxe’s Holiday Campaign

For Galxe’s 2022 Holiday Campaign, Galxe utilized its Mystery Box campaign. Participants can open 15 advent calendar NFTs to win rewards from a total prize pool of $30K, including $15K GAL. Participants who successfully opened 13, 14 or 15 NFTs would be able to claim the Galxe Bronze, Silver, and Gold Galxe Boy NFT. This campaign included user engagement via partners through means, such as but not limited to, daily interactions on Discord and Twitter, swapping and staking on multiple chains etc, driving excitement around unlocking a new Mystery Box NFT every day

 

This campaign had over 400,000 followers, with over 780,000 NFTs minted, over USD$ 1 million traded on-chain amongst the various protocols, USD$30,000 awarded across the community, and a total of 16,341 Galxe Boys NFTs were minted.

 

Galxe Boy NFT Rewards

 

Source: https://blog.galxe.com/community-engagement-with-galxe-5beca514aca3

 

Credentials

To date there have been over 55,700 credentials created on Galxe. Credentials can include but are not limited to the following examples:

 

Certifications of skills – e.g. coding Ethereum contracts (Galxe’s Shadowy SuperCoder) , or proof of understanding of user support in the Galxe Ecosystem (Galxe’s Space Cadet Certificate);

 

Milestone achievements – e.g. successfully bought NFT 10 times on Opensea (OpenSea’s OpenSea Legend Buyer);

 

Brand Awareness – e.g. brand campaign to promote use of products (Polygon’s Polygon Genesis Creator);

 

Contributor – e.g. users who contributed to writing a story (Magipop Dao’s Contributor of Earth 2026 Stories);

 

Participant – e.g. participants who have voted (Galxe’s Snapshot Voter), competition participation (SynFutures’s Valentines Day Winners);

 

Quiz credentials – e.g. participants can attempt multiple choice / yes and no quizzes to earn credentials on campaigns (Galxe’s Quiz: Galxe Quiz) etc.

 

Galxe Credentials

 

Source: https://galxe.com/credentials

 

Rewards

Galxe has an array of rewards that brands can utilise to excite and engage their community.

 

Galxe Rewards

Source: https://blog.galxe.com/master-the-best-strategies-for-web3-growth-with-galxe-6f290e91ef77

 

Some of their notable rewards are;

 

Galxe Loyalty Point System Points – a code-free solution for hosts to issue Loyalty Points for completion of tasks;

 

Galxe OATs (On-Chain Achievement Tokens);

 

NFTs – specially designed for promoting NFT projects;

 

Mystery Boxes – allowing for randomized tiered rewards, which can include NFTs, tokens etc.

 

Token Rewards – these come from an allocated prize pool which can be distributed via Raffle or First-Come-First Serve basis;

 

Allowlists – that rewards active participants; etc.

 

Galxe OATs (On-Chain Achievement Tokens)

Users are able to create their own Galxe OATs (On-Chain Achievement Tokens) buy uploading an image onto the host rewards dashboard. Theses OATs can be used rewards for followers who have joined, participated, and completed their tasks as part of campaigns, which can include completion of challenges, quizzes, attending a podcast etc.

 

Galxe OATs

 

Users are allowed to transfer or sell their OATs token – think of it as selling NFTs or collector’s badges, however the record of who completed the actual task is stored on Galxe’s Credential Data Network.

 

NFT Mintlist

Galxe also provides the NFT Mintlist, which is a marketing tool for upcoming (and existing) NFT projects to build hype, allow for early registration for the NFT drops, and grow its community base.

 

Galxe Mintlist

 

Source: https://galxe.com/explore#mintlist

 

For brand new NFT projects, Galxe’s Mintlist provides a platform to immediately promote themselves to Galxe’s existing community of users, as well as use Galxe’s existing community building features to attract and retain followers, such as issuing Loyalty Points and rewards Mystery Box, OAT Tokens etc.

 

Conclusion: Thoughts on Galxe

The Galaxy Project has created a platform that has grown to an impressive count of over 11 million active users, over 2,700 projects and partnerships with major crypto brands on its platform – making Galxe a force to reckon with.

 

At present, Galxe’s unique selling points lies in its Galxe’s provisions of a Decentralized Identify Solution through its Galxe Passport which allows web3 participants to build their own on-chain open and verifiable identity. Galxe has curated over 55,700 existing credentials on its Credential Data Network – which would take time for competitors, who want to compete in the Digital Credentials Space, to catch up to.

 

This existing active ecosystem is a great platform for brands to work on top of, create and build large community and Loyalty programs. Galxe has created a dashboard for Hosts to upload, customize and promote their campaigns, as well as detailed report with analytics and insight on the popularity of the campaigns, followers interaction and points accumulation. Followers would be keen to use Galxe as the Spaces are verified – thus minimizing the risk of scams, and can easily join the campaigns where they can not only earn credentials on, but also earn rewards such as the OAT NFT Badges which they can attempt to sell off.

 

Galxe still faces typical web3 disruptive challenges to stay unique and relevant. The Galaxy Project Team has continuously strived to innovate and provide more products and features for its users. It appears in this growing web3 space.