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.
A little over one month since Galxe hit the one-year mark, the protocol and its community have a new reason to celebrate. The highly anticipated GAL Token is finally ready to take off! Starting from now, Galxe’s GAL token will be available on Binance Launchpool and trading, will start on 2022–05–05 5am PST.
Do note that the Coinlist public sale tokens will be distributed to your Coinlist account starting on the same day as listing.
This announcement is exciting for many reasons, but mainly the GAL token means more opportunities for the Galxe community to get involved and rewarded. Galxe is grateful and wishes to thank all of its 300 partners and the 1.2 million astronauts who have contributed to the success of its ecosystem. 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.
Read more details from Binance
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.
2. A total of 63,100 GAL tokens will be distributed to Galxe Brains and Galxe Pathfinders, who have been supporting the Galxe community. Here are the breakdown of the distribution:
3. A total of 5,000 GAL will reward to Steven Lei, a long-time Galxe contributor and Galxe Brain, who created the Galxe Explorer which helped so many astronauts explore Web3 through Galxe’s campaigns.
4. Starting on May 1st, users will be able to view the amount of GAL they can claim on the Galxe website. Tokens will be available to claim starting on May 5th at 5 am PST.
5. Additionally, a total of 79,000 GAL tokens will be airdropped directly to 100 partners who have been growing along with Galxe.
Due to legal restrictions, users from the U.S., Canada, China, Iran, Korea(North), Syrian Arab republic, Cuba will NOT be able to claim the airdrop.
Updated GAL Tokenomics
The GAL Token contract address on Ethereum: https://etherscan.io/token/0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
Galxe has updated some details on the GAL unlocking schedule since the last time it was released on CoinList:
- The 2% allocation of Early Adopter Rewards is now fully unlocked at TGE.
- The 10% allocation of the Foundation release schedule is now changed to 4-year vesting instead of a 3-year.
- The 15% allocation of the Team release schedule is now changed to 6-year vesting instead of 5-year.
Details are described below. GAL has a total supply of 200,000,000 tokens.
To learn more about the utilities of GAL token, read our docs.
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.
The new Galxe homepage is now live and ready to be explored.
Roadmap
Galxe is always looking toward the future and what’s next. See below for the protocol’s Roadmap for the year to come.
Q2 2022
- Galxe DAO Launch Governed by GAL Token Holders
- Discord Bot for Auto Discord AMA Participants Credential Creation
- Campaign Geofencing Feature
- Galxe Website UI Upgrade
Q3 2022
- Application Modules Dashboard V2 Launch
- Credential Oracle Launch
- Credential Data Tag System Launch
Q4 2022
- Permissionless Credential and Campaign Creation
- Private Credential Data Support
- Snapshot.org OAT Campaign Plugin
Q1 2023
- Galxe Credential Network V2 Launch with Credential Curation System
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.
Read more about the Galxe Governance Process and structure here.
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Galxe is nowhere near landing! The protocol is just starting its take-off and couldn’t be more excited about all the amazing new features and updates up ahead. Stay tuned!
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.
With Galxe, NFTs become more than just collectibles, but also forms of identification, empowering developers and community members to build more engaging communities together.
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For developers & NFT artists who are interested in working with Galxe’s partner network, join our Discord community and learn more.
