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Buy Project Galaxy uk- GAL/GBP
£2.350
0.67 %
Change 24h

Description by Coingecko

Project Galaxy aims to build a permissionless, open, and collaborative credential data network. The GAL token is an essential component to such infrastructures as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Project Galaxy ecosystem. Here are the utilities of GAL: Governance: GAL is used for voting & governance in Project Galaxy DAO. GAL token holders have the ability to control the amount of the platform fee collected by the protocol, and control funds held by the Project Galaxy Community Treasury. Paying for Application Module Fee: Developers who aim to utilize Galaxy’s credential data through Application Modules will be subject to a Platform Fee which is charged in GAL. The Platform Fee is set up such that every interaction with the Galaxy Protocol will incur a fee in GAL. Most of the fee will go to the curators, and Galaxy Community Treasury will collect the rest. Currently all Application Modules fees are waived during beta testing. Paying for Galaxy Oracle Engine and Galaxy Credential API: Developers pay GAL to query our credential data through Galaxy Oracle Engine and Galaxy Credential API. Currently all query fees are waived during beta testing. Curating Digital 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. Currently the curation system is still under development.

Buy Project Galaxy | GAL Price GBP

Project Galaxy Price GBP is £2.350. GAL price has experienced a daily change of 0.67 %. This gives Project Galaxy (GAL) a Market Cap of £ 85,255,461. The total volume of Project Galaxy (GAL) traded in the last 24-hour period was £ 21,118,647. Circulating Supply of Project Galaxy (GAL) is 36,270,500.

You can buy Project Galaxy UK directly from Binance (if available) using a credit card or debit card. This referral will save you 20% on trading fees. If GAL is not listed or is otherwise unavailable, another possibility is buying a cryptocurrency available directly on Binance with a credit card or debit card. This crypto can then be traded with GAL on Binance, or an alternative exchange.

Project Galaxy GAL is a cryptocurrency currently listed on web3spy.io with data from coingecko. At the time of initial listing, GAL had met the full listing criteria for inclusion on coingecko. For this reason, web3spy.io has given GAL a default star rating of 3 stars. This is intended to be an unbiased and neutral rating. Please research this project thoroughly before trading.

Always exercise extreme caution when moving cryptocurrencies. We in no way endorse any cryptocurrency project, nor do we encourage trading on any exchange listed on this website. Please do your own research.



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Project Galaxy (GAL) Rating

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GAL/GBP Price Chart

Market Cap
£ 85,255,461
Volume 24h
£ 21,118,647
Circulating Supply
36,270,500
GAL
£

GAL Questions and Answers

What is the latest price of GAL in GBP?
The latest GAL Price is £2.350
What is GAL's MarketCap in GBP?
GAL's MarketCap is £ 85,255,461
Where can I buy GAL in the UK?
You can buy GAL on Binance (if available) or an alternative exchange
What is the 24-hour trading volume of GAL in GBP?
The 24-hour trading volume of GAL is £ 21,118,647
What is the Circulating Supply of GAL?
The Circulating Supply of GAL is 36,270,500
What is the Total Supply of GAL?
The Total Supply of GAL is 0
Where can I sell GAL in the UK?
You can sell GAL on Binance (if available) or an alternative exchange
What is the web3spy.io star rating for GAL?
The current visitor generated star rating for GAL is 0 (based upon 0 visitor votes)