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What is Galxe (GAL) coin and how does it work?

by Financial Economy

Galxe is a collaborative credential data network that enables brands to build better communities and products on the Web3. The GAL token is the local service and governance token of the Galxe project, which creates the digital identity of users and keeps records of activities, reputation and success. In this article, you can find answers to questions such as what is Galxe (GAL) coin, how it works, how to get it, which exchange is available on, what is it used for, etc. You can browse here for information about Valencia CF Fan Token (VCF).

What is Galxe (GAL) coin and how does it work?

Galxe aims to create an open and collaborative identity data network accessible to all developers on the Web3. Realizing that organizations are increasingly turning to centralized credential management solutions to ensure data security today, developers state that a data problem has arisen that is not obvious to those who actually own the data or the applications that require it.

Galxe addresses this problem by providing a shared and collaborative credential data network, enabling developers to protect their credential for better products and more engaging communities. The GAL token is a cryptocurrency that entitles its users to participate in governance decisions and is used to build the platform’s economy.

Galxe features!

Galxe provides the infrastructure for community members to issue and contribute digital credentials to the data network. The infrastructure provided supports curation of credentials through multiple data sources. Integrating with data sources such as Snapshot, Twitter, and Github for off-chain credentials, the project has a functional incentive mechanism to increase the number of users consuming data in the ecosystem.

GAL token founders? What country is Galxe from?

Galxe was developed by Harry Zhang and Charles Wayn. Zhang is the COO and co-founder of Lino Network, who was the Associate Chair of Chinese Entrepreneurs (ACE) at UC Berkeley from 2016 to 2017. Wayn, who served as the Vice President of BitTorrent Interactive Entertainment in 2019, was the co-founder and CEO of DLive.tv.

Galxe coin usage areas!

GAL token usage areas are as follows:

  • Governance,
  • Payment of application module fees,
  • Digital credential curation,
  • Payments for Galxe Oracle Engine and Galxe Credential API,
  • Buying, selling and clearing transactions from stock exchanges.

Which exchange is GAL coin on?

Galxe coin is listed on some cryptocurrency exchanges such as Binance, Deepcoin, Bybit, BTCEX, CoinW, etc.

How to buy GAL coins?

Galxe coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

GAL token supply!

Total and maximum supply of Galxe token is 200.000.000 units.

GAL token price!

As of January 20, 2023, at the time of the writing, 1 Galxe coin price is around $1,71 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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