<p dir="ltr"><strong>Project Galaxy </strong>is a Web3 credential data network, which is known as the 30th project on the Binance Launchpool. And, since its debut in March 2021, the Project Galaxy (GAL) token has garnered considerable attention for its mission of assisting Web3 developers in the use of digital credential data and NFTs. In this article, <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a> will provide in-depth information as well as clarify whether <strong>Project Galaxy</strong>&nbsp;(GAL) is potential project as promising.&nbsp;</p><h2>Project Galaxy overview</h2><p dir="ltr">Project Galaxy (GAL) is the largest Web3 credential data network in the world. Being built on an open and collaborative architecture, Project Galaxy assists Web3 developers and initiatives in leveraging credential data to create better products and communities.</p><p dir="ltr">Simultaneously, there are some rewards for data curators when credentials are utilized in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ed0f129a9ec80aa8e6023f659fee92.jpg" alt="Project Galaxy review" title="Project Galaxy review" width="600" height="333"></p><h2>Project Galaxy highlights</h2><h3>An open and collaborative credential data network for Web3.0</h3><p dir="ltr">Nowadays, credential data is segregated on closed data networks that are owned and authorized by applications, government, and financial and credit organizations. This structure makes it difficult for individuals or organizations when they need to use the data. Therefore, <strong>Project Galaxy</strong> provides an open and collaborative credential data network that would help Web3 developers to build various great products as well as attractive communities.&nbsp;</p><p><em><strong>&gt;&gt;&gt; Read more about </strong></em><a href="https://www.builder.news/sub-category/web30" alt="Web 3.0 insights" title="Web 3.0 insights" target="_blank" rel="" class=""><em><strong>Web 3.0</strong></em></a><em><strong> here.</strong></em></p><h3>Earn form curating data</h3><p dir="ltr">Once curators provide credentials to Galaxy's Application Modules, Credential Oracle Engine, and Credential API, all of their contributions will be paid off by an amount of money. This would encourage more curators to contribute credentials, hence the more data the system collects, the more developers will be able to utilize such data.</p><h3>Galaxy ID</h3><p dir="ltr">Galaxy ID is created with an aim to “make yourself the main character”. In detail, Galaxy ID, similar to your Web3 LinkedIn, will represent your multichain identities in Web3. Besides, developers can use the Galaxy ID toolkit as a metaverse DID (decentralized ID) to provide users with various features based on their digital credentials, or simply to enrich user profiles on the platform.</p><h3>Galaxy OAT (On-chain Achievement Token)</h3><p dir="ltr">OAT’s mission is to be an effective tool to help event organizers and community managers easily build and distribute NFT badge campaigns and reward their community members by leveraging Project Galaxy's NFT infrastructure and on-chain credential data network.&nbsp;</p><h3>Chain Agostic Credential Network&nbsp;</h3><p dir="ltr">The infrastructure of <strong>Project Galaxy</strong> is currently aggregating credentials via 7 different chains (Ethereum, Polygon, BNB Chain, Solana, Fantom, Arbitrum, Avalanche) and has integrated multiple sources such as Twitter, Discord, and Github. Currently, Project Galaxy has over 1500 credential data sets curated in the network, covering over 4 million wallet addresses in Web3.</p><p><em><strong>&gt;&gt;&gt; Check out:&nbsp;</strong></em><a href="https://www.builder.news/crypto-insights/6-best-web3-wallets-for-investors-to-use" alt="6 best Web3 wallets for investors to use" title="6 best Web3 wallets for investors to use" target="_blank" rel="" class=""><em><strong>6 best Web3 wallets for investors to use</strong></em></a></p><h2>Project Galaxy Tokenomics</h2><h3>Project Galaxy Token: Key Metrics</h3><ul><li><p dir="ltr">Token Name: Project Galaxy (GAL)</p></li><li><p dir="ltr">Ticker: GAL</p></li><li><p dir="ltr">Blockchain: Ethereum</p></li><li><p dir="ltr">Token Standard: ERC-20</p></li><li><p dir="ltr">Contract:&nbsp;</p><ul><li><p><strong>ERC-20 $GAL:</strong> 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875</p></li><li><p><strong>BEP-20 $GAL:</strong> 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5</p></li></ul></li><li><p dir="ltr">Total and Maximum Token Supply: 200,000,000 GAL</p></li><li><p dir="ltr">Token Type: Utility, Governance</p></li></ul><h3>Project Galaxy Token: Allocation</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecda6f344ea8f1a8e6023f659fee92.jpg" alt="project galaxy review" title="project galaxy allocation" width="600" height="400"></p><ul><li><p dir="ltr">Community Treasury: 20%</p></li><li><p dir="ltr">Team: 15%</p></li><li><p dir="ltr">Marketing: 15%</p></li><li><p dir="ltr">Growth Backer Round 1: 10.63%</p></li><li><p dir="ltr">Growth Backer Round 2: 10.14%</p></li><li><p dir="ltr">Foundation: 10%</p></li><li><p dir="ltr">Advisors &amp; Partners: 6.23%</p></li><li><p dir="ltr">Ecosystem: 6%</p></li><li><p dir="ltr">Coinlist Public Sale: 5%</p></li><li><p dir="ltr">Early Adopter Rewards: 2%</p></li></ul><h3>Project Galaxy Token: Release Schedule</h3><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecda6f344ec50ba8e6023f659fee92.jpg" alt="project galaxy token" title="project galaxy token release schedule" width="600" height="256"></p><h3>Project Galaxy Token use cases</h3><p dir="ltr"><strong>Governance: </strong>In the Project Galaxy DAO, the GAL is utilized for voting and governance. $GAL holders have influence over the number of platform fees collected by the protocol as well as the monies kept by the Project Galaxy Community Treasury.</p><p dir="ltr"><strong>Paying for Fee: </strong>Developers who want to use Galaxy’s credential data will be asked to pay a gas fee of $GAL.</p><p dir="ltr"><strong>Curating Credentials: </strong>Curators are incentivized to stake GAL tokens in order to signal the value of a credential data set. Each credential data set will include a revenue stream that will be pro-rata distributed among credential stakeholders.</p><h3>Where can users buy GAL tokens?</h3><p dir="ltr"><strong>Project Galaxy token</strong> (GAL) is available for purchase on a number of cryptocurrency exchanges such as Binance and Coinbase. Aside from that, it appears on some prominent exchanges including KuCoin, MEXC, and FTX.&nbsp;</p><h2>Project Galaxy Roadmap</h2><h3>Q3 2022</h3><ul><li><p dir="ltr">Application Modules Dashboard V2 Launch</p></li><li><p dir="ltr">Credential Oracle Launch</p></li><li><p dir="ltr">Credential Data Tag System Launch</p></li></ul><h3>Q4 2022</h3><ul><li><p dir="ltr">Permissionless Credential and campaign creation</p></li><li><p dir="ltr">Private Credential Data Support</p></li><li><p dir="ltr">Snapshot.org OAT Campaign Plugin</p></li></ul><h3>Q1 2023</h3><ul><li><p dir="ltr">Galaxy Credential Network V2 Launch with Credential Curation System</p></li></ul><h2>Project Galaxy team and backers</h2><h3>Team</h3><p dir="ltr">Two key members of <strong>Project Galaxy</strong> consist of:</p><ul><li><p dir="ltr">Harry Zhang - Co-Founder &amp; Project Lead: He was Co-Founder and COO of Lino Network and DLive.tv,... prior to founding Project Galaxy. He holds a bachelor's degree in Computer Science and Statistics from UC Berkeley and served as President of the China Entrepreneurs Association. (ACE) at Berkeley from 2016 to 2017.</p></li><li><p dir="ltr">Charles Wayn - Co-Founder &amp; Strategy Lead: He holds a bachelor’s degree in economics from UC Berkeley. Besides, from 2017 to 2018, he was known as the President of the China Entrepreneurs at Berkeley. Before creating Project Galaxy, he was Co-Founder &amp; CEO of DLive.tv.</p></li></ul><h3>Investor</h3><p dir="ltr">Project Galaxy has successfully welcome Multicoin Capital and Dragonfly Capital in a financing round which was a significant success worth 10 million dollars.&nbsp;</p><p dir="ltr">Besides, many prosperous VCs joined this round such as Spartan Group, Sky9 Capital, Coinbase Ventures, Binance Smart Chain Growth Fund, C-Squared Ventures, Lattice Capital, Mirana Ventures, Folius Ventures, Solana Ventures, Jump Capital, Alameda Research, Sfermion, HashKey,…</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecda6f344ec953a8e6023f659fee92.jpg" alt="project galaxy gal" title="project galaxy investor" width="600" height="328"></p><h3>Backers</h3><p dir="ltr">Currently, more than 110 partners, including leading DeFi protocols such as Yearn Finance, Alpha Finance, and Perpetual Protocol, use <strong>Project Galaxy</strong> as their primary platform for community engagement and growth hacking.</p><p dir="ltr">Besides, the Project Galaxy platform appears in 7 blockchains consisting of Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, Arbitrum, and <a href="https://www.builder.news/crypto-insights/solana-reassessment-l1QQu" alt="Solana Reassessment: A Fair Breakdown" title="Solana Reassessment: A Fair Breakdown" target="_blank" rel="" class="">Solana</a>.</p><p dir="ltr">Snapshot.org, MetaFactory, Collab Land, NFTrade, and CyberConnect are representative products of Web3, also integrated with Project Galaxy to leverage the power of the credential data network.</p><p class="prosemirror-p-center"><img src="https://cdn.builder.news/news/11ecda6f344ecd65a8e6023f659fee92.jpg" alt="project galaxy coinlist" title="project galaxy backers" width="600" height="217"></p><h2>Project Galaxy social channels</h2><ul><li><p dir="ltr">Twitter:&nbsp;<a href="https://twitter.com/ProjectGalaxyHQ" alt="Twitter GAL" title="Twitter GAL" target="_blank" rel="nofollow" class="">https://twitter.com/ProjectGalaxyHQ</a></p></li><li><p dir="ltr">Discord:&nbsp;<a href="https://discord.com/invite/projectgalaxy" alt="Discord GAL" title="Discord GAL" target="_blank" rel="nofollow" class="">https://discord.com/invite/projectgalaxy</a></p></li><li><p dir="ltr">Telegram:&nbsp;<a href="https://t.me/ProjectGalaxyHQ" alt="Telegram GAL" title="Telegram GAL" target="_blank" rel="nofollow" class="">https://t.me/ProjectGalaxyHQ</a></p></li><li><p dir="ltr">Medium:&nbsp;<a href="https://medium.com/m/global-identity?redirectUrl=https%3A%2F%2Fblog.galaxy.eco%2F" alt="Medium GAL" title="Medium GAL" target="_blank" rel="nofollow" class="">https://medium.com/m/global-identity?redirectUrl=https%3A%2F%2Fblog.galaxy.eco%2F</a></p></li><li><p dir="ltr">Website:&nbsp;<a href="https://galaxy.eco/" alt="Website GAL" title="Website GAL" target="_blank" rel="nofollow" class="">https://galaxy.eco/</a></p></li></ul><div class="pr-block-special"><strong>Disclaimer:</strong><br>This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

Project Galaxy (GAL) is the largest Web3 credential data network in the world. 

Project Galaxy Review: What things are inside the leading Web3 credential data network?