Announcing The Project Galaxy Token Sale On CoinList
We’re excited to announce that registrations for the Project Galaxy token sale are now open.
Project Galaxy is built on open and collaborative infrastructure with the mission to help Web 3 developers use digital credential data and NFTs to build better products and communities.
The sale begins on February 17, 18:00 UTC and has one public option:
- Supply: 10,000,000 GAL tokens
- Price: $1.50
- Lockup & release: 12-month weekly release starting on or around April 14, 2022
Registration deadline: February 15 at 12:00 UTC
Digital Credentials For Web 3
Project Galaxy provides infrastructure to help developers use credential data for their products, including Application Modules, Credential API, and Credential Oracle Engine. Use cases of the Application Modules include Galaxy OATs (On-chain Achievement Tokens), NFT loyalty programs, growth hacking campaigns, gated community and customized governance. Developers can also utilize the Credential Oracle Engine and Credential API for enhanced customized use cases such as credit scoring and sybil attack prevention algorithms.
A few reasons we’re excited about Project Galaxy:
1/ Open and Collaborative Credential Data Network - Project Galaxy uses an open and collaborative credential data network that is accessible to all developers in Web 3. Galaxy’s infrastructure supports curators contributing credentials through multiple data sources, including:
- For on-chain credentials, curators can contribute with subgraph queries or wallet snapshots
- For off-chain credentials, curators can easily contribute credential data with Galaxy’s integrated data sources such as Snapshot.org, Twitter, and Github
2/ Earn from Curating Credentials - Curators will earn revenue streams when the data they curate is utilized in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API. This creates a network effect because as more credential data flows into the system, the more developers will onboard to utilize such data, and in turn incentivize more curators to contribute credentials.
3/ Galaxy ID - Galaxy ID acts as your Web 3 LinkedIn. For all the users on Galaxy:
- Galaxy ID can be your universal username that will represent your multichain/multi-wallet identities in Web 3.
- Users can display the credentials collected in the Web 3 world and showcase the history of their achievements.
- Galaxy ID can be used as a metaverse DID (Decentralized ID), developers can integrate the Galaxy ID toolkit and offer customized features to users based on their digital credentials, or simply enrich user profiles in the product. This enables numerous possibilities and redefines the future of Web 3.
Currently, more than 800,000 users have registered their Galaxy ID on Project Galaxy.
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