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Galxe is a leading Web3 credential data network. It offers a shared credential infrastructure that allows brands and developers to connect with communities and develop stronger Web3 products. Galxe enables Web3 developers to use credential data to improve both their products and the communities around them. Meanwhile, data curators help support the credential data network and can earn income when their data is used.
Galxe’s goal is to create an open, collaborative credential data network that any Web3 developer can access. The platform gives community members the tools to curate and contribute digital credentials to the network. Its infrastructure supports credential curation from multiple sources. For on-chain credentials, curators can contribute by using subgraph queries or static snapshots. For off-chain credentials, Galxe is integrated with data sources including Snapshot.org, Twitter, and Github.
When curators contribute to Galxe’s Credential Data Network, they receive rewards as their credentials get used in Galxe’s Application Modules, Credential Oracle Engine, and Credential API. Since there are users who consume data in the ecosystem (paying to access it), the incentive model is designed to encourage more curators to participate.
Galxe is working toward a permissionless, open, and collaborative credential data network. The GAL token is a key part of this kind of infrastructure: it operates as the governance token, motivates participation, and acts as the main payment token within the Galxe ecosystem. Here are the uses of GAL:
Governance: GAL is used for voting & governance in Galxe DAOPaying for Application Module Fee: Developers using Galxe’s credential data via Application Modules incur a Platform Fee, paid in GALPaying for Galxe Oracle Engine and Galxe Credential API: Developers pay GAL to query credential data through Galxe Oracle Engine and Galxe Credential APICurating Digital Credentials: Curators can use the GAL token to indicate the value of a credential data set.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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