Galxe (GAL) is a decentralized web3 infrastructure and digital credential network that empowers seamless web3 experiences through modular AI, digital identity, and blockchain technologies. It provides a suite of solutions for secure and self-sovereign digital identity management, enhancing user interactions and community growth in the web3 space.
Galxe (GAL) is the native governance token of the Galxe protocol, a Web3 credential data network. GAL is used in several ways:
- Governance: GAL holders can vote on governance proposals, including deciding on platform fees.
- Payment: GAL is the primary payment token for costs such as application module fees and the use of Galxe Oracle Engine and Galxe Credential API.
- Reward: Contributors to Galxe’s Credential Data Network are rewarded with GAL when credentials are utilized in Galxe’s Application Modules, Credential Oracle Engine, and Credential API.
- Incentivizing Ecosystem Growth: GAL is used to encourage actions that boost ecosystem growth, such as content creation and participation in community events.
Overall, GAL plays a crucial role in the functioning and development of the Galxe ecosystem.
To store Galxe (GAL) tokens, you can use a digital wallet that supports the Ethereum or BNB Chain networks. Here are the steps to follow:
Choose a Wallet:
- Select a wallet that supports the network you want to use for GAL staking. Popular options include MetaMask for Ethereum and Trust Wallet for BNB Chain.
Download and Install:
- Go to the app store or the official website of the chosen wallet and download it as either an app or an extension.
Generate or Import an Address:
- Create a new wallet or import an existing one. This will generate a unique address for your wallet.
Fund Your Wallet:
- Acquire GAL tokens from decentralized exchanges like Uniswap or centralized exchanges like Binance.com. Ensure you verify the token authenticity to avoid scams.
Connect to Galxe:
- Visit app.galxe.com, log in, and connect your wallet to Galxe. This will allow you to access GAL staking features.
By following these steps, you can securely store and manage your Galxe tokens.
To buy Galxe (GAL) tokens, you can follow these steps:
Buying Galxe (GAL) on Centralized Exchanges (CEX)Register and Verify:
- Create an account on a CEX that supports Galxe (GAL) trading, such as Binance or Coinbase.
- Verify your identity and secure your account with two-step verification.
Buy Mainnet Cryptocurrency:
- Use fiat to purchase a cryptocurrency supported by the CEX, such as USDT, ETH, or BNB.
- You can use services like PayPal or Robinhood for funding via bank accounts or credit cards.
Transfer and Trade:
- Transfer the purchased cryptocurrency to the CEX that supports Galxe (GAL) trading.
- If the CEX supports both purchasing the mainnet cryptocurrency and GAL trading, you can trade in the same platform.
- Buy Galxe (GAL):
- Use the transferred cryptocurrency to buy Galxe (GAL) in the spot market.
Choose a DEX:
- Select a DEX that supports Galxe (GAL) trading, such as Uniswap or Pancakeswap.
- Ensure you know the mainnet the DEX is built on (e.g., Ethereum or Binance Smart Chain).
Buy Mainnet Cryptocurrency:
- Purchase the mainnet cryptocurrency corresponding to the DEX (e.g., ETH for Uniswap or BNB for Pancakeswap).
Swap for Galxe (GAL):
- Use the mainnet cryptocurrency to swap for Galxe (GAL) on the DEX.
Coinbase:
- Create a Coinbase account.
- Add a payment method.
- Start a trade and select Galxe from the list of assets.
- Enter the amount you want to buy and finalize your purchase.
Coinmerce:
- Indicate the number of Galxe tokens you want to purchase.
- Choose the type of order.
- Complete the purchase using methods like credit cards or SEPA.
Galxe's Partnered Exchanges:
Use exchanges like Coinbase, Onramp, or Transak to fund your wallet with cryptocurrencies like ETH.
Deposit these funds into your wallet and set up your Galxe ID.