What is Project Galaxy (GAL)?

The Web3 ecosystem is rapidly expanding on the promise of decentralisation and user ownership. In this new era of the internet, our digital identities and past achievements are being liberated from the confines of closed, traditional databases. This is precisely where Galxe (GAL), formerly known as Project Galaxy, enters the stage as the world’s largest and most crucial Web3 credential data network. But what exactly is Galxe, why is it so critical for the Web3 landscape, and what is the function of its native token, GAL?

In this comprehensive guide, we will deeply explore how Galxe provides fundamental solutions to the challenges of identity and community building in Web3, its operational mechanism, its primary use cases, and its unique position within the ecosystem. Prepare to journey behind the scenes of this decentralised data network that validates your digital achievements and personalises your Web3 experience.

Galxe’s Core Mission: The Credential Data Network

In the Web2 world, all our data—from our online activities and purchases to our educational history and community participation—is typically stored in isolated silos on the private servers of major tech companies or institutions. This leads to data monopolisation and leaves the user without control over their own data. Galxe was specifically designed to solve this “data island” problem.

Galxe provides an open and collaborative infrastructure that allows Web3 projects and developers to leverage verifiable credentials derived from users’ past on-chain and off-chain activities. Simply put, Galxe aggregates the transactions made by a user’s wallet (such as trading on a DEX, voting in a DAO, owning a specific NFT, or even participating in a Twitter event) to create that user’s digital resume and reputation.

Why Are Credentials So Important?

Considering that everything in Web3 is often reduced to a single wallet address, it can be difficult for a project to target genuine, relevant, and valuable users. Galxe’s credentials cut through this anonymity, helping projects achieve the following critical goals:

Targeting the Right User: A new DeFi protocol might want to conduct an exclusive airdrop only for users who have previously provided liquidity on similar protocols. Galxe can instantly provide this credential data.
Rewarding Community Loyalty: A project may wish to honour its most engaged or loyal members (e.g., those who have held an NFT for six months) with special rewards.
Secure and Customised Governance: DAOs can restrict voting power only to wallets with a certain level of experience (e.g., those who have traded over $10,000), thereby establishing a more informed governance structure.
Preventing Sybil Attacks: Credentials based on past activity are used to prevent a single individual from unfairly benefiting from airdrops by controlling multiple wallets.

How Does Galxe Work? The Network’s Core Components

Galxe brings together three fundamental layers to build this extensive data network: Credential Curators, the Credential Infrastructure, and Application Modules.

1. Credential Curators

The heart of Galxe is the community itself. Curators are the individuals who contribute data (credentials) to the network. They gather and submit data from the following sources:

On-Chain Data: Data permanently recorded on the blockchain, such as specific smart contract calls, NFT ownership, DAO votes, transaction volumes, and more.
Off-Chain Data: Traditional data sources like Twitter followers, Discord roles, GitHub contributions, or participation in Web2 events.

Curators are rewarded with GAL tokens when their contributed credentials are used by developers. This mechanism incentivises a continuous flow of high-quality and reliable data into the network.

2. Galxe Infrastructure: The Oracle and API

The gathered credentials are then transformed into a format that developers can easily use. This infrastructure ensures Web3 projects can access this data in real-time:

Credential Oracle Engine: This engine allows projects to use credentials for on-chain actions. For example, it can help a DeFi protocol create a credit scoring system.
Credential API: Provides a flexible interface for developers to retrieve credential data and integrate it into their own applications.

3. Galxe Application Modules

The most visible and popular aspect of Galxe is a suite of ready-to-use tools that empower developers to grow their communities and boost engagement using credential data. These modules constitute the practical application of Galxe’s solutions.

Galxe’s Most Popular Use Cases

Thanks to the infrastructure it provides, Galxe has created revolutionary use cases for Web3 projects.

1. Galxe OATs (On-chain Achievement Tokens)

OATs are one of Galxe’s most iconic and well-known features. They are a special type of NFT that proves a user’s participation in an event or their accomplishment of an on-chain achievement.

Example: Users who participated in a project’s first testnet or attended a community meeting are awarded an OAT. This OAT serves as a permanent, verifiable record of their achievement in their wallet.
Benefit: Projects can use OATs like a “loyalty programme,” setting them as a prerequisite for future airdrops, whitelists, or access to exclusive community features.

2. NFT Loyalty Programmes

Galxe helps projects create loyalty systems by distributing exclusive NFTs to users who possess certain credentials. For instance, issuing a special “Diamond Trader” NFT to users of a DEX whose trading volume exceeds $1,000. This boosts user loyalty to the project and offers them unique benefits.

3. Galxe ID and Passport: The Web3 Identity System

Galxe ID is every user’s cross-chain digital identity. It functions as a universal profile linked to their wallet address, consolidating all their OATs, NFTs, and credentials in one place.

Galxe Passport, on the other hand, is a secure and encrypted authentication mechanism that allows users to share specific credentials with projects without revealing their identity (remaining pseudonymous). This is essential for more complex and sensitive use cases such as credit scoring or Sybil attack prevention.

4. Gated Communities

Galxe modules enable projects to restrict entry to community spaces, such as Discord servers, Telegram groups, or private websites, based on a specific credential (e.g., holding an OAT or an NFT). This significantly enhances the quality and engagement of the community.

The GAL Token: The Lifeblood of the Ecosystem

The GAL token is the native cryptocurrency of the Galxe platform and performs vital roles within the ecosystem.

Function	Description
Governance	GAL holders have the right to participate in the Galxe DAO (Decentralised Autonomous Organisation), voting on crucial decisions such as platform fees, treasury fund management, and protocol upgrades.
Payment	The platform fees paid by developers to utilise Galxe’s credential data are charged in GAL tokens. This applies to the Application Modules, the Oracle Engine, and the API services.
Data Curation	Credential curators are rewarded with GAL for the usage of their contributions. This ensures the sustainability of a steady stream of quality data into the network.

GAL Tokenomics

GAL is available as both an ERC-20 (Ethereum) and BEP-20 (BNB Smart Chain) token. Its total supply is capped (typically at 200,000,000 GAL). This capped supply and the token’s direct link to the platform’s core functions support the potential for the token’s value to grow in parallel with the ecosystem’s expansion.

Galxe’s Future in Web3

Galxe is providing a clear roadmap for how identity and reputation will be built in Web3. For projects, it means more informed marketing, more targeted community building, and more secure governance; for users, it means owning their digital history, verifying their achievements, and being rewarded for them.

Galxe’s success demonstrates how critical its mission is to democratise data ownership and break up data monopolies in the Web3 world. In the future, your Galxe ID and Passport may become your most valuable assets online, much like a resume or social media profile in Web2, but this time they will be truly yours and verifiably decentralised.

Galxe (formerly Project Galaxy) is not merely a data network; it is an infrastructure that is defining how Web3 users and projects will interact, gain reputation, and build communities in the new era of the internet. By democratising credentials, this infrastructure is ushering in a new era of trust and transparency in the digital world.