Galxe Coin (GAL) is a pioneering project in the Web3 credential data network, officially launched on April 28, 2022, through the renowned Binance Launchpool. As an innovative platform built on open and collaborative infrastructure, Galxe empowers Web3 developers and projects to capitalize on credential data, fostering the creation of superior products and vibrant communities within the decentralized ecosystem.
At the core of Galxe’s ecosystem lies its revolutionary approach to credential data management. The project leverages a decentralized network, ensuring data integrity and security while allowing for transparent and trustless interactions. Web3 developers and projects can tap into this data network to enhance their offerings and deliver cutting-edge solutions to users.
Who Are the Founders of Project Galaxy?
Charles Wayn is the CEO and co-founder of Project Galaxy. He has over 10 years of experience in the technology industry, and he has held senior positions at companies such as Google and Amazon. He is also a founding member of the DeFi Alliance, a global community of DeFi builders.
Harry Zhang is the CTO and co-founder of Project Galaxy. He is a blockchain engineer with over 5 years of experience. He has worked on a variety of blockchain projects, including DLive and Lino. He is also a member of the Hyperledger Fabric Technical Steering Committee.
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What Makes Galxe Unique?
- Open and Collaborative Credential Data Network: Galxe is an open and collaborative platform that allows anyone to contribute data to the credential data network. This means that users can own and control their own digital identities, and they can use their credentials to access a variety of services and applications.
- Support for Multiple Blockchains: Galxe supports multiple blockchains, including Ethereum, Polygon, Solana, Binance Smart Chain, and more. This means that users can store their credentials on the blockchain of their choice, and they can use their credentials to access services and applications on any of the supported blockchains.
- Wide Range of Usecases: Galxe can be used for a wide range of use cases, including:
- Verification of credentials: Galxe can be used to verify the authenticity of credentials, such as educational degrees, professional licenses, and social media accounts.
- Access control: Galxe can be used to control access to services and applications. For example, a company could use Galxe to verify the credentials of job applicants, or a university could use Galxe to verify the credentials of students.
- Strong Community: Galxe has a strong and active community of users and developers. This community is constantly working to add new features and use cases to the platform.
How Many Galxe (GAL) Coins Are There in Circulation?
As of the time of writing, there are 84,890,333 GAL coins in circulation. The total supply of GAL tokens is 200,000,000. The remaining 115,109,667 GAL tokens will be released over a period of 6 years.
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Gal price Predictions by year 3035
Price predictions table: 2024-2035
| Year | Max Price | Avg Price | Min Price | Detailed Prediction | Factors Influencing Price |
|---|---|---|---|---|---|
| 2024 | $8 | $6 | $5.5 | In 2024, Galxe’s price may experience steady growth as it gains recognition and adoption in the cryptocurrency market. Factors such as increased awareness of its technology, strategic partnerships, and advancements in its ecosystem could contribute to a maximum price of $8. The average price may hover around $6, driven by growing demand and positive sentiment, with occasional dips to $5.5 reflecting market dynamics. | Technology awareness, partnerships, ecosystem advancements, market sentiment. |
| 2025 | $10 | $9 | $8.5 | By 2025, Galxe could experience significant growth as it expands its ecosystem and use cases. Strategic partnerships with blockchain projects and enterprises, integration with decentralized applications, and advancements in scalability and security could propel the price to a maximum of $10. The average price may stabilize around $9 as the ecosystem matures, with occasional dips to $8.5 reflecting market fluctuations. | Strategic partnerships, ecosystem expansion, scalability/security advancements, market sentiment. |
| 2030 | $12 | $11 | $10.8 | In 2030, Galxe may establish itself as a prominent player in the blockchain space, driving its price to new highs. Continued adoption by businesses and individuals, integration with mainstream platforms, and advancements in blockchain technology could push the price to $12. The average price may stabilize around $11 as the market matures, with minimal fluctuations to $10.8 reflecting market dynamics. | Adoption by businesses/individuals, platform integration, technological advancements, market maturity. |
| 2035 | $20 | $17 | $15 | By 2035, Galxe’s price could see substantial growth as it becomes deeply integrated into various industries and applications. Factors such as widespread adoption in finance, supply chain, and governance, partnerships with major corporations, and advancements in blockchain interoperability and scalability could drive the price to a maximum of $20. The average price may stabilize around $17 as the ecosystem matures, with minimal fluctuations to $15 reflecting market dynamics. | Adoption in various industries, partnerships, interoperability/scalability advancements, market sentiment. |
These predictions are speculative and based on hypothetical scenarios. Actual prices may vary depending on numerous factors including market conditions, technological advancements, regulatory developments, and overall sentiment. Investors should conduct thorough research and consider various factors before making investment decisions.
How is The Galxe Network Secured?
The Ethereum Blockchain: The Galxe network is built on top of the Ethereum blockchain, which is one of the most secure blockchains in the world. The Ethereum blockchain uses a proof-of-stake consensus mechanism, which means that nodes on the network are selected to validate transactions based on the amount of GAL tokens they stake. This makes it very difficult to attack the Ethereum blockchain.
The Galxe Credential Oracle Engine: The Galxe Credential Oracle Engine is a decentralized oracle that provides trusted data about digital credentials. The oracle is secured by a number of factors, including the use of cryptographic signatures and the fact that it is run by a distributed network of nodes.
The Galxe Credential API: The Galxe Credential API is a secure API that allows developers to access digital credentials from the Galxe network. The API is secured by a number of factors, including the use of OAuth 2.0 and the fact that it is only accessible to authorized users.
Buying Guide: Embarking on the Galxe Journey
For those interested in joining Chia’s revolution, here’s a step-by-step guide:
1. Choose an Exchange: Popular exchanges like Binance continuing your Galxe (GAL)
Price Prediction and Investment Guide:
2. Set Up an Account: Complete the exchange’s registration process, providing the necessary information and complying with verification requirements.
3. Deposit Funds: Choose your preferred deposit method, such as bank transfer, credit card, or another cryptocurrency, and add funds to your exchange account.
4. Purchase GAL: Navigate to the GAL trading page and place a buy order, specifying the amount you wish to purchase at the desired price.
FAQ
Can GAL break its ATH before 2025?
The token has already reached an all-time high of $18.26 in May 2022, so it is certainly capable of reaching even higher prices during the next bullrun. However, the crypto market is very volatile and there are many factors that can affect the price of a token.
Conclusion
Ultimately, the decision of whether or not to invest in GAL is a personal one. Weigh the risks and potential rewards carefully, and be sure to conduct your own research before making any investment decisions. Remember, this article is not financial advice, and you should always consult with a qualified financial advisor before investing in any cryptocurrency.
