From May 5th, Project Galaxy Token (GAL) is officially listed on the ONUS application. Soon after GAL is added, users can perform the following features:
- Off-chain transactions: Send and receive GAL with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to GAL and vice versa.
About Project Galaxy
Project Galaxy is the largest Web3 credential data network in the world. Built on open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage credential data to build better products and communities. At the same time, data curators are rewarded when credentials are used in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API.
Credentials are important due to the high use case they provide. Applications can use your credentials to calculate credit scores, find target audiences, reward community contributors, etc. However, credential data today is segregated across closed databases that are owned and permissioned by applications, government organizations, and financial and credit 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. Project Galaxy aims to solve this problem using an open and collaborative credential data network which will help Web3 developers leverage credential data to build better products and more engaging communities.
Website: https://galaxy.eco
What is GAL Token?
GAL is a native token of the Project Galaxy ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- GAL is used for voting & governance in Project Galaxy DAO, GAL token holders can control funds held by the Project Galaxy Community Treasury.
- Developers who aim to utilize Galaxy’s credential data through Application Modules will be subject to a Platform Fee which is charged in GAL.
- Developers pay GAL to query our credential data through Galaxy Oracle Engine and Galaxy Credential API.
Specifications
- Name: Project Galaxy Token
- Symbol: GAL
- Platform: Ethereum
- Standard: ERC20
- Type: Utility, Governace
- Smart Contract Address: 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
