๐ Gem Project Analysis! ๐ #Binance #Launchpool #Web3 Gem Project Galxe (GAL) ๐
๐ ๐ #Galxe, a revolutionary Web3 credential data network! #GAL๐๐
๐ Let's dive into key features and potential of #Galxe in this captivating thread! ๐งต๐
1๏ธโฃ Introduction & Overview: Galxe, launched on Binance Launchpool, aims to create a permissionless, open, and collaborative credential data network. With over 14 million active users and 4000+ partners, it's poised for growth.
2๏ธโฃ Technology & Features: Built on Ethereum, Galxe uses Zero-Knowledge Proofs to securely manage verifiable credentials. It offers NFT-as-a-Service for developers and communities to create NFT-based loyalty systems.
3๏ธโฃ Use Case: The GAL token is used for fast, low-cost transactions, DeFi applications, smart contract executions, and NFT purchases. It also serves as the governance token, incentivizing user participation.
4๏ธโฃ Team and Leadership: Galxe was launched by the Project Galaxy Team, led by co-founders Harry Zhang and Charles Wayn.
5๏ธโฃ Partnerships: Galxe has partnered with Optimism, Polygon, Arbitrum, and others. Its collaboration with AI developer Alva, integrating OpenAI's GPT-3.5 turbo, is noteworthy.
6๏ธโฃ Security and Audits: Galxe is working with security firms to improve security settings and conduct audits to safeguard user assets.
7๏ธโฃ Tokenomics: With a total supply of 200,000,000 GAL tokens and a current circulating supply of 105.31 Million, Galxe maintains a balanced token distribution.
8๏ธโฃ Exchanges: GAL tokens can be traded on most of major exchanges like Bybit, Binance, Bithumb, Gate.io and many more exchanges.
9๏ธโฃ Recent Developments: Galxe launched Galxe AI, an interactive assistant for Web3 projects, and has seen significant growth in its market cap.
๐ Conclusion: Galxe is a promising project in the Web3 space, offering innovative solutions for credential data management. With its technology, partnerships, and growing community, Galxe is poised for success.