Thrive with Digital Credentials in Web3
Content on this page was provided by the Galaxy team
Project Galaxy is one of the leading Web3 credential data networks. Built on open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities. Project Galaxy’s base framework includes its Application Modules, the Credential Oracle Engine, and the Credential API for developers (data consumers) to leverage credentials. Because the use of credential data will be charged based on the amount of usage and most of the fees collected will go to the credential data curators, such data curators are rewarded when credentials are used in Galaxy’s ecosystem.
Project Galaxy provides Application Modules, Credential API, and Credential Oracle Engine to help developers leverage credential data. Use cases of the Application Modules include, among other benefits, Galaxy OATs (On-chain Achievement Tokens), NFT loyalty programs, growth hacking campaigns, gated community and customized governance. Developers can also utilize the Credential Oracle Engine and Credential API for enhanced customized use cases such as credit scoring and sybil attack prevention algorithms.
As of Feb 1st, 2022, Project Galaxy’s Credential Data Network collected over 500 credential data sets covering in excess of 3 million users in Web3. More than 120 protocols and communities leveraged these credentials and launched over 500 campaigns.
Open and Collaborative Credential Data Network
Credential data today are 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 require such data.
Project Galaxy solves this problem using an open and collaborative credential data network that is accessible to all developers in Web3. Galaxy’s infrastructure supports curators contributing credentials through multiple data sources, including:
For on-chain credentials, curators can contribute with subgraph queries or wallet snapshots
For off-chain credentials, curators can easily contribute credential data with Galaxy’s integrated data sources such as Snapshot.org, Twitter, and Github
Earn from Curating Credentials
Curators will earn revenue streams when the data they curate is utilized in Galaxy’s Application Modules, Credential Oracle Engine, and Credential API. This creates a network effect because as more credential data flows into the system, the more developers will onboard to utilize such data, and in turn incentivize more curators to contribute credentials.
Curators can utilize the GAL token to signal a credential data set’s value. Each credential data set will include a revenue stream that will be split between credential stake holders pro-rata. Curators can purchase stakes of a credential data set from its corresponding bonding curve. Because of the nature of the bonding curve (price of credential stake increases as more users purchase it), in the event a curator purchases the credential stake of a popular data set early, the cost of credential stakes will be low so its future revenue stream will be relatively high. When the price of the credential stake increases along the bonding curve, the curators can also choose to sell the credential stakes back to the bonding curve in exchange for GAL. As a result, this incentivizes curators to help identify valuable credential data sets by using GAL to exchange for credential stakes through the bonding curves. In the long term, the more credential data in the network, the more GAL will be locked in bonding curves for data signaling.
Galaxy ID
Galaxy ID acts as your Web3 LinkedIn. For all the users on Galaxy:
Galaxy ID can be your universal username that will represent your multichain/multiwallet identities in Web3
Users can display the credentials collected in the Web3 world and showcase the history of their achievements
Galaxy ID can be used as a metaverse DID (Decentralized ID), developers can integrate the Galaxy ID toolkit and offer customized features to users based on their digital credentials, or simply enrich user profiles in the product. This enables numerous possibilities and redefines the future of Web3
Currently, more than 800,000 users have registered their Galaxy ID on Project Galaxy.
| Asset | GAL tokens |
| Sale Period |
Registration Opens: February 10, 2022 Registration Deadline: February 15, 2022 at 12:00 UTC Sale Period Begins: February 17, 2022 at 18:00 UTC Sale Period Ends: February 24, 2022 at 23:59 UTC |
| Price & Lockup Terms | $1.50 per token 12-month weekly linear unlock starting on or around April 14, 2022 |
| Supply Limits | Supply capped at 10M GAL tokens |
| Minimum & Maximum Purchase | Minimum Purchase: $100
Maximum Purchase: $500 |
| Funding Methods |
BTC, ALGO, SOL, ETH, USDC, USDT |
| Sale FAQ | FAQ |
| Eligible Participants | Not available for residents and citizens of the United States, China, Canada, South Korea, and certain jurisdictions. |
The GAL token is an essential component to the Project Galaxy ecosystem as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Project Galaxy ecosystem. GAL has a total supply of 200,000,000 tokens.
| Segment | Total Supply in % | Release Schedule |
| Ecosystem |
6% | Fully liquid on TGE |
| Early Adopter Rewards |
2% | Fully liquid at TGE. 50% will be distributed at TGE and the rest will be distributed 6-month after TGE |
| Public Sale | 5% | 12-month equal weekly vesting starting at TGE |
| Growth Backer Round 1 | 10.63% | 3-month cliff starting at TGE, followed by a 3-year equal quarterly vesting |
| Growth Backer Round 2 | 10.14% | 12% vesting at TGE, followed by a 3-year equal quarterly vesting |
| Advisors & Partners | 6.23% | 12% vesting at TGE, followed by a 3-year equal quarterly vesting |
| Marketing | 15% | 20% vesting at TGE, followed by a 3-year equal quarterly vesting |
| Foundation | 10% | 18% vesting at TGE, followed by a 3-year equal quarterly vesting |
| Team | 15% | 3-month cliff starting at TGE, followed by a 5-year equal monthly vesting |
| Treasury | 20% | 12% vesting at TGE, followed by a 5-year equal monthly vesting |
As of now, over 110 partners are using Project Galaxy as their primary platforms for community engagement and growth hacking, which includes top DeFi protocols such as Yearn Finance, Alpha Finance, and Perpetual Protocol. Additionally, the Project Galaxy platform is available on seven blockchains including Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, Arbitrum, and Solana. Popular Web3 products such as Snapshot.org, MetaFactory, Collab Land, NFTrade, CyberConnect, and others also integrated Project Galaxy to leverage the power the credential data network.
See a list of ecosystem partners of Project Galaxy here.
 | HARRY ZHANG, Co-Founder & Project Lead Prior to founding Project Galaxy, Harry was co-founder & COO of Lino Network and co-founder of DLive.tv (merged into BitTorrent ecosystem in 2019). At Lino and DLive, Harry led the team and built the product that served more than 10 million monthly active users. Prior to that, Harry was the Head of Data Product at Club Factory (No. 3 ecommerce platform in India at the time), where Harry designed a data-centric supply chain and recommendation system from the ground up. Harry holds a bachelor’s degree of Computer Science and Statistics from UC Berkeley. He was also the President of Associate of Chinese Entrepreneurs (ACE) at Berkeley from 2016 to 2017. |
 | CHARLES WAYN, Co-Founder and Strategy Lead Prior to founding Project Galaxy, Charles was the Co-Founder & CEO of DLive.tv. After DLive merged into BitTorrent in 2019, Charles became the VP of Interactive Entertainment at BitTorrent, managing multiple streaming business units including DLive.tv, DLive Protocol, and the Two App. Charles holds a bachelor’s degree of Economics from UC Berkeley. He was also the President of Associate of Chinese Entrepreneurs (ACE) at Berkeley from 2017 to 2018. |
