As we dive into at present’s article, we’ll first cowl the fundamentals of the Galxe crypto undertaking. As such, you’ll find out what Undertaking Galaxy (now Galxe) is, what the undertaking is all about, what its core options are, who’s behind the undertaking, and extra. With a correct understanding of Galxe, we’ll give attention to the GAL coin. You’ll get to be taught the gist of this authentic Undertaking Galaxy coin, the way it works, its tokenomics, and use circumstances.
Then, we’ll additionally analyze the GAL coin’s worth to find out what worth ranges the token has lined. Utilizing the fundamentals of technical evaluation (TA), we’ll additionally define all vital worth ranges for this crypto asset. Plus, we’ll speculate on some GAL crypto token worth predictions.
Nonetheless, we’ll additionally show easy methods to use Moralis Cash that can assist you uncover if/when to purchase $GAL. And for these of you who might determine to get a bag of the GAL coin, we’ll even inform you the place and the way to do this with out breaking a sweat or the financial institution.
What’s Galxe (Previously Undertaking Galaxy)?
Galxe is a crypto undertaking specializing in constructing highly effective instruments and options to assist Web3 initiatives construct sturdy communities. In accordance with Galxe’s docs, the undertaking is the main platform for constructing Web3 communities. It has greater than eleven million distinctive customers and has helped a number of the main crypto initiatives, together with Optimism, Arbitrum, and Polygon, to develop.
Apart from the above three initiatives, the Undertaking Galaxy crypto protocol claims to have helped over 2,700 companions with reward-based loyalty applications.
Nonetheless, there’s extra to the Galxe crypto undertaking! As such, be sure that to discover the subsections beneath.
In regards to the Galxe Crypto Undertaking
The official web sites of initiatives themselves are sometimes the very best locations to be taught what every undertaking is all about. So, to be taught extra about what Galxe is, “galxe.com” provides rather a lot to discover.
Guests will first discover the “Earn NFTs/OATs/Tokens by Contributing to Your Favourite Web3 Neighborhood” heading. This tells us that the previous Undertaking Galaxy crypto platform provides Web3 community-building options and invitations potential group members fascinated by different initiatives’ loyalty applications created utilizing Galxe’s options.
So, if guests are potential group members, they get to hit the “3k+ Trusted Manufacturers” button. Then, they will choose any of the initiatives utilizing Galxe’s instruments in the event that they wish to contribute to their progress. However, Web3 initiatives fascinated by rising their communities get to hit the “Create Your Area” button to begin utilizing Galxe’s crypto options.
Scrolling down the Galxe homepage, you’ll find a number of sections focusing on potential group members by presenting numerous areas and reward applications of initiatives utilizing Galxe’s options. Moreover, you too can be taught the fundamentals of Web3 through Galxe’s mission Web3 content material.
To see the complete spectrum of options and options this undertaking provides, you’ll be able to discover the “galxe.com” high menu or the footer space. Nonetheless, you too can be taught the gist of it within the following subsection.
Who’s Behind Galxe?
Bullet Labs is the enterprise behind Galxe. After testing Bullet Labs’ socials and web site, we couldn’t discover out a lot about it. In spite of everything, these shops solely state that Bullet Labs is specializing in Web3 product growth. Plus, they hyperlink to the Galxe crypto undertaking.
As such, it’s affordable to presume that Galxe is Bullet Labs’ solely undertaking.
In accordance with Bullet Labs’ LinkedIn profile, the corporate has its headquarters in San Mateo, California. This outlet additionally tells us the corporate behind the previous Undertaking Galaxy crypto protocol went reside in 2021.
The co-founders of Bullet Labs are Charles Wayn and Harry Zhang.
Switching from Undertaking Galaxy to Galxe
The transition from Undertaking Galaxy to Galxe came about in September 2022. You possibly can see the announcement on the above screenshot of the Bullet Labs official web site. The latter results in the next Medium put up:
The explanation behind this rebranding is defined within the above-outlined put up, and it expresses the place the undertaking was on the time it was known as Undertaking Galaxy and the place it was planning to go.
Options and Options
It’s time to take a more in-depth take a look at this undertaking’s options. On the “Options” web page from the previous Undertaking Galaxy crypto undertaking, we will learn extra in regards to the undertaking. It factors out that it provides a robust plug-and-play dashboard, which allows initiatives to create custom-made campaigns. Which means that initiatives don’t must cope with any coding to get going with Galxe’s infrastructure.
These are the core promoting factors Galxe can present that the “Options” web page factors out:
- Driving progress
- Figuring out loyal customers
- Growing model consciousness
- Enhancing consumer retention
- Stopping Sybil assaults
As a way to ship on the above-outlined guarantees, the Galxe protocol deploys the next options:
- Credential knowledge community
- Construct with credentials
- Galxe ID
- Galxe OAT
- Galxe passport
- The GAL coin
- Neighborhood applications:
- Galxe Mind
- Galxe Pathfinder
- Galxe Ecosystem Area
Observe: We’ll take a more in-depth take a look at the GAL crypto token herein. Nonetheless, to discover the undertaking’s different options, be sure that to go to Galxe’s documentation:
How the Galxe Crypto Undertaking Works
Galxe provides initiatives the next three-step course of to get going:
- Choosing Marketing campaign Necessities – Galxe provides totally different knowledge sources for initiatives to make use of its Web3 credential knowledge community. Present integrations enable monitoring on-chain footprints, X engagement, Discord actions, GitHub repo contributions, occasion participations, DAO voting standing, and verified people. Plus, initiatives get to import their very own knowledge.
- Selecting a Reward Kind – Tasks that determine to make use of the Galxe crypto platform get to decide on between OATs (on-chain achievement tokens), SBTs (soul-bound tokens), NFTs (non-fungible tokens), thriller packing containers, allowlists, token rewards, raffles, and customized rewards.
- Launching the Marketing campaign – Galxe guarantees to handle the remaining after a undertaking launches a marketing campaign. This contains routinely monitoring job completion and distributing rewards each on-chain and off-chain.
Undertaking Galaxy Crypto Neighborhood – The way to Join with Galxe
By masking the above data and answering the query, “What’s Undertaking Galaxy?” you already know that Undertaking Galaxy is the previous identify and that Galxe is its present identify. Additionally, you already know Galxe is a community-building platform. That stated, being such a selected platform that goals to construct sturdy communities, the undertaking itself should have a robust group. Judging by the undertaking’s X following, it’s doing fairly alright:
Apart from Galxe’s X profile, this former Undertaking Galaxy crypto enterprise provides a number of extra group shops. You possibly can entry them through the undertaking’s high menu on its homepage:
What’s the GAL Coin?
The GAL coin is the Galxe crypto protocol’s native cryptocurrency. The token’s authentic house was the Ethereum chain, the place it was born on January 19, 2022. Nonetheless, since April 30 of that very same yr, the GAL crypto token has additionally been roaming the ecosystem on BNB Chain.
The Undertaking Galaxy crypto asset is a fungible token. On the Ethereum chain, it follows the ERC-20 token customary and has a complete provide of 200,000,000 $GAL.
How GAL Works
As a way to perceive how the GAL coin works, be sure that to take a look at the asset’s tokenomics and use circumstances. In spite of everything, GAL is a crucial a part of the Galxe credential knowledge community.
- Image/ticker: GAL or $GAL
- Token sort:
- ERC-20 (Ethereum)
- BEP-20 (BNB Chain)
- Sensible contract addresses:
- 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875 (Ethereum)
- 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5 (BNB Chain)
- Whole provide: 200,000,000 $GAL
- Token allocation:
- 1.5% to Binance Launchpool
- 4.5% to its ecosystem
- 2.0% to early adopter rewards
- 5.0% to CoinList public sale
- 10.63% to progress backer spherical one
- 10.14% to progress backer spherical two
- 6.23% to advisors and companions
- 15.0% to advertising
- 10.0% to basis
- 15.0% to crew
- 20.0% to group treasury
- GAL coin provide schedule:
GAL Coin Use Circumstances
The Undertaking Galaxy coin has a number of use circumstances. It primarily serves governance, incentivizing, and fee functions inside the Galxe crypto ecosystem.
In the case of governance, the GAL crypto token permits its holders to solid votes and take part within the Galxe DAO. This allows GAL holders to have a say in how excessive the Galxe platform charges are and easy methods to use Galxe’s group treasury.
So far as funds go, GAL covers two important facets. On the one hand, builders who wish to use Galxe’s credential knowledge via the platform’s software modules use GAL to pay platform charges. However, the GAL crypto asset can be the medium devs use to pay for the Galxe oracle engine and the Galxe Credential API.
The Undertaking Galaxy coin can be used to incentivize the curators of Galxe’s digital credentials. Furthermore, curators can gather rewards within the type of the GAL coin for his or her contribution to serving to determine useful credential knowledge.
GAL Crypto Worth Evaluation – TA
The above weekly chart on the logarithmic scale reveals your complete Undertaking Galaxy coin’s worth motion. Given the truth that the crypto market as a complete entered a bear market on the finish of 2021, it isn’t stunning to see that the GAL crypto token worth has spent most of its time in a downtrend.
Nonetheless, you will need to notice that the token listed on Binance at $1.5 rallied properly over $10 within the first days of buying and selling.
From roughly $10, the worth of GAL decreased to $1-ish in late December 2022. From that degree, it had fairly a run (150%-plus) in January 2023. Nonetheless, the asset couldn’t shut its weekly candles above $2.5-ish. As an alternative, it went to its all-time low (ATL) at $0.837.
Since then, the value recovered a bit; nonetheless, it has been primarily ranging on high of the $1-ish degree.
The above picture signifies the Undertaking Galaxy coin worth on a weekly timeframe and a daily scale. We’ve additionally marked all the degrees of significance with blue strains. As well as, we added a downsloping trendline (white line). The latter reveals us that the $GAL worth has just lately damaged out of a 480-day-long downtrend.
GAL Crypto Future Forecast
By wanting on the above chart once more, you too can see that this breakout got here with a slight improve in buying and selling quantity. Thus, it’s fairly seemingly that this cycle’s low for GAL is already in. So, if the crypto market as a complete manages to begin transferring upward, the Undertaking Galaxy token is prone to attain vital worth ranges above its present worth.
So, you’ll be able to view the above market ranges because the more than likely worth targets for $GAL. Nonetheless, as the following bull run takes over, many initiatives shall be much more fascinated by constructing their communities. And so they may determine to make use of the facility of the Galxe crypto undertaking for these functions. In that case, $GAL’s worth will more than likely attain new ATHs.
There’s no different profitable undertaking with comparable use circumstances as Galxe. Thus, we will’t do a comparability the place we put GAL up in opposition to one other coin. Nonetheless, we will use the Fibonacci retracement device to get some speculative future worth predictions. So, if GAL have been to interrupt above the $17.3-ish, which is the asset’s ATH every day shut to this point, it will enter worth discovery mode. In that state of affairs, the Fibonacci retracement device’s most optimistic degree (the “4.236” extension) factors to $70-ish.
Ought to You Purchase the GAL Coin?
The data supplied within the sections above needs to be greater than sufficient that can assist you decide for those who discover the Galxe crypto undertaking’s native token attention-grabbing. If not, it is best to go away the GAL coin within the rearview mirror instantly. As an alternative, begin looking for different nice altcoin alternatives with Moralis Cash’s Token Explorer.
Nonetheless, for those who discover our solutions to the “What’s Undertaking Galaxy?” query intriguing sufficient to contemplate getting a bag of $GAL, then it’s essential to additional analysis this undertaking and its coin. And there’s no higher device to do this than the Moralis Cash Undertaking Galaxy ($GAL) token web page.
On that web page, you’ll find all of the hyperlinks it’s worthwhile to discover the Galxe undertaking. Plus, there are all of the assets it’s worthwhile to decide if and when you should purchase the Undertaking Galaxy coin. Notably helpful are the token’s real-time, on-chain metrics (a.ok.a. alpha metrics). Together with the asset’s worth, they’ll inform you if now’s the proper time to purchase $GAL.
So, observe the above “$GAL” hyperlink or use the interactive widget beneath:
The place and The way to Purchase GAL
For those who took a superb take a look at the above-presented Moralis Cash Undertaking Galaxy coin web page, you in all probability already seen the instantaneous crypto swap characteristic. For those who imagine in a decentralized means of shopping for crypto property, that is the very best path for you if you wish to purchase $GAL.
For one, it’s proper there the place you’re already researching $GAL. Plus, the GAL token is preselected, so that you keep away from risking touchdown on the flawed token pair. And, due to the facility of the 1inch aggregator, this path provides you the very best obtainable worth.
Nonetheless, the Moralis Cash characteristic is tremendous straightforward to make use of. Simply join your Web3 pockets, choose the asset out of your pockets that you just wish to use to purchase $GAL, enter an quantity, and execute the swap.
For reference, watch the animation beneath. And, in case you’re new to crypto swapping, we suggest you take a look at our step-by-step information on easy methods to swap ERC-20 tokens.
What’s Galxe? Full Galxe Crypto Evaluate and GAL Coin Evaluation – Key Takeaways
- What’s Undertaking Galaxy? It’s the preliminary identify of the Galxe crypto undertaking, which is a community-building platform.
- The Galxe protocol has a number of options and options that enable Web3 initiatives to simply create community-building campaigns.
- Galxe is the product of the Bullet Labs firm.
- The undertaking modified its identify from “Undertaking Galaxy” to “Galxe” in September 2022.
- The GAL coin is the Galxe protocol’s native cryptocurrency that lives on Ethereum and BNB Chain.
- GAL is a governance and utility token. It permits its holders to vote through the Galxe DAO, devs to make use of it to pay for charges and oracles and serves as an incentive for Galxe curators.
- The $GAL worth remains to be close to its ATL, ranging simply above the $1 mark. As such, there’s a good upside potential for this token.
- To find out if/when to purchase $GAL, be sure that to make use of the Moralis Cash $GAL token web page. That is additionally the place you should purchase that crypto with out breaking a sweat or the financial institution.
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