Galxe is a Web3 credential data network. Built on an open and collaborative infrastructure, Galxe helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities.
Galxe enables curators to aggregate credentials through multiple data sources on-chain and off-chain.
Galxe empowers developers to leverage credentials through Application Modules, Credential Oracle, and Credential API.
GAL is Galxe’s native utility and governance token, it has the following use cases:
Governance: GAL token holders can vote on Galxe DAO’s governance proposals.
Paying for Fees: Developers who aim to utilize Galxe’s credential data will be charged in GAL.
Curating Credentials: Curators are incentivized to stake GAL token to signal a credential data sets value. Each credential data set will include a revenue stream that will be split between credential stakeholders pro-rata.
Galxe consists of the following major components working in conjunction:
Credential Data Network: Galxe’s infrastructure supports curators contributing credentials through multiple data sources including:
On-chain Credentials: Contribute data from 7 different chains with subgraph queries or wallet snapshots
Off-chain Credentials: Contribute data through Galxe’s integrated data sources such as Twitter, Github, or Discord
Application Modules: Galxe offers several application modules to help Web3 projects build better products and more engaging communities.
Galxe OAT (On-Chain Achievement Token): A solution to distribute NFT badges to communities as a record of participation in a gasless fashion.
Galxe NFT: Enables communities to leverage credentials with gamified NFT campaigns to better reward and engage users.
Galxe Vote: Enables communities to leverage credentials and credential-based NFTs on Snapshot to build a customized governance system.
Galxe Credential API: Developers can utilize credential data from their off-chain applications to build Web3 LinkedIn, guilds, voting infrastructure, sybil attack prevention algorithms, etc.
Galxe Credential Oracle: Developers can query credential data from smart contracts for customized on-chain use cases such as credit scoring, liquidity mining boost, allowlist for INO or IDO, etc.
Galxe ID: Galxe ID leverages Galxe Credentials and acts as a Web3 LinkedIn. Galxe ID can be users’ universal username that will represent their multichain/multi-wallet identities in Web3.
The project has raised a total of 10.16MM USD from 2 rounds of equity investment. The equity backers are expected to receive a total allocation of 20.77%. The project also raised 15MM USD through public sale on Coinlist, where 5% of the GAL total token supply was sold at $1.5 USD/GAL.
As at Sep 16th 2022, the total and maximum supply of GAL is 200,000,000 and the circulating supply is 35,161,333 (~18% of the total token supply).
Key metrics (as at April 28th 2022)
Initial Circ. Supply When Listed on Binance
35,161,333 GAL (17.58% of total supply)
Total and Maximum Token Supply
Binance Launchpool Allocation
3,000,000 GAL (1.50% of the total token supply)
Binance Launchpool Start Date
April 28th 2022
1. What is Galxe?
Galxe is a Web3 credential data network. Built on open and collaborative infrastructure, Galxe helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities.
Credential data today are segregated across closed databases that are owned and permissioned by applications and institutions. This has led to a fractured landscape that is not open to the individuals who should own that data or the applications that need it. Galxe aims to solve this problem by empowering developers with an aggregated credential data network in Web3.
Galxe’s infrastructure supports curators contributing credentials through multiple data sources, including:
For on-chain credentials, curators can contribute data from 7 different chains with subgraph queries or wallet snapshots
For off-chain credentials, curators can easily contribute credential data with Galxe’s integrated data sources such as Twitter, Github, or Discord
Galxe also provides Application Modules, the Credential Oracle Engine, and the Credential API for data consumers to leverage credentials.
Use cases of the Application Modules include, among other benefits, Galxe 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.
Galxe's Credential Data Network
1.1 Galxe's Key Highlights
Galxe ID: Users can display the credentials collected in the Web3 world and showcase the history of their achievements and contributions. Currently, there are more than 4.8 million users registered for Galxe ID.
More than 800 protocols and organizations are currently using Galxe’s credential data network and application modules. In total, Galxe has launched more than 5000 marketing campaigns and loyalty programs. More than 1.5 million credential-based NFTs are minted every month, based on data on official website.
Galxe OAT (On-Chain Achievement Token): OAT is a creative solution to distribute credential-based badges to communities as a record of participation. It is a lightweight NFT module created by Galxe that enables users to mint in a gasless fashion.
Chain-Agnostic Credential Network: Galxe infrastructure is currently aggregating credentials through 7 different chains (Ethereum, BNB Chain, Polygon, Solana, Fantom, Arbitrum, Avalanche), and has integrated multiple sources such as Twitter, Discord, Github. Galxe currently has more than 6600 credential data sets curated in the network, covering more than 4 million wallet addresses in Web3.
Earn from curating data: Curators will earn revenue streams when the data they curate is utilized in Galxe’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.
Incentivized Curation System leveraging GAL staking: Curators are incentivized to stake GAL tokens to signal a credential data set’s value. Each credential data set will include a revenue stream that will be split between credential stakeholders’ pro-rata. In the future, GAL stakers can also enjoy long-term benefits when using Galxe’s Application Modules.
2. Token sales and economics
2.1 Token Distribution
Growth Backers 1
10.63% of the total token supply
Growth Backers 2
10.14% of the total token supply
1.50% of the total token supply
Early Adopter Rewards
2.00% of the total token supply
4.50% of the total token supply
CoinList Public Sale
5.00% of the total token supply
15.00% of the total token supply
6.23% of the total token supply
15.00% of the total token supply
10.00% of the total token supply
20.00% of the total token supply
GAL token allocation
GAL token release schedule
3. Roadmap and Updates
3.1 Completed Milestones
Credential-based NFT campaign beta testing on Ethereum and BNB Chain
10k credential-based NFTs had been minted and claimed across Ethereum and BNB Chain
Galxe was live on Polygon
Galxe announced Shadowy Super Coder Campaign
Galxe was live on Fantom, Arbitrum, and Avalanche
Galxe Dashboard Launched
Galxe OAT (On-chain Achievement Token) Launched
Galxe was live on Solana and launched 2022 is gonna be SOL Cool campaign
Galxe reached 500K Monthly Credential-based NFTs minted
Galxe credential data network reached over 1K credential datasets covering 4MM+ users
A total of 300 protocols are using Galxe infrastructure
Galxe ID registered user count surpassed 1MM
3.2 Updated Roadmap
Galxe DAO Launch Governed by GAL Token Holders
Discord Bot for Auto Discord AMA Participants Credential Creation
Campaign Geofencing Feature
Galxe Website UI Upgrade
Application Modules Dashboard V2 Launch
Credential Oracle Launch
Credential Data Tag System Launch
Permissionless Credential and Campaign Creation
Private Credential Data Support
Snapshot.org OAT Campaign Plugin
Galxe Credential Network V2 Launch with Credential Curation System
3.3 Commercial and Business Development Progress
“Shadowy Super Coder” NFT Pack with $300MM Worth of Perks：Galxe partners with Tenderly, Alchemy, Polygon, Gitcoin, Ankr, Parsiq, Torus, Quicknode, Curvegrid, and OneKey to offer “Shadowy Super Coder” NFT Pack to over 100,000 eligible blockchain developers.
Customized Governance Strategy on Snapshot：Enables users to participate in governance voting with NFTs collected on Galxe.
The Defiant Community Rewards Program is launched on Galxe with Metafactory & Viral Loops.
Galxe 2021 End-of-the-year Rave: Join the Holiday Treasure Hunt campaigns hosted by Yearn Finance, Alpaca Finance, Perpetual Protocol, Moonpot, zkLink, Hashflow, Woo Finance, Impossible Finance, Vera, Kaco Finance, Naos Finance, and Divergence Protocol.
Galxe Presents 2022 is gonna be SOL Cool: A Multichain Feast with over $1MM Prize Pool, hosted by Galxe, powered by Solana, featuring 27 top-notched protocols in the Solana universe.