Galxe Launches GAL Stake With $5 Million Reward Pool, Unlocking Exclusive Rewards Through Galxe Earn

(PRESS RELEASE – San Francisco, California, April 23, 2024)

• Galxe launches a $5 million rewards pool, including rewards from notable partners such as Arbitrum, Polyhedra, and Merlin.
• Galxe introduces a renewed governance structure, transferring voting rights exclusively to GAL participants, promoting a more involved and representative governance process.
• Galxe Earn introduces a new infrastructure for airdrop campaigns with smarter and more precise distribution that ensures rewarding user engagement and engagement.

galgethe leading web3 infrastructure and digital credential network, today announced the launch of GAL Stakinga new feature that gives users the ability to unlock exclusive rewards through Galxe Earn, a platform that transforms the way airdrop campaigns are conducted by offering smarter, precision-targeted airdrops.

Through GAL Staking, users gain access to Galxe Earn, using their staked GAL tokens to participate in unique airdrop campaigns. This integration creates a dynamic synergy between staking and reward mechanisms, offering over 18 million active participants a more engaging and directly beneficial way to interact with the ecosystem. Developed by Galxe Quest, Galxe Earn enables direct interaction between projects and stakeholders such as token holders, nft collectors, and social media followers. It allows projects to offer exclusive rewards, including whitelist spots and closed access to airdrops, thereby improving participation and expanding the reach of the ecosystem.

“GAL Stake is a long-awaited addition to the Galxe ecosystem, designed to improve the way our community interacts with and benefits from our platform,” said Harry Zhang, co-founder of Galxe. “By staking GAL, users unlock access to the reward pool through Galxe Earn and can potentially gain crucial voting rights in our governance system. This allows them to directly influence strategic decisions and actively shape the evolution of Galxe. “Our commitment to integrating meaningful user incentives with deep governance features exemplifies our dedication to fostering a truly decentralized and user-driven ecosystem.”

Exclusive rewards and strategic partnerships

Galxe Earn's genesis reward pool includes major collaborations with Arbitrum, Polyhedra, and Merlin, distributing rewards close to $5 million in total. This initiative enhances user engagement by providing access to whitelist spots and private airdrops, with additional support from Galxe Quest, the leading platform for building web3 communities.

Perfect Betting Experience

The GAL Stake interface on the Galxe website offers an easy-to-use dashboard that presents essential information such as total GAL staked, individual wallet addresses, and detailed staking activities. This interface allows users to easily interact with the platform by staking or withdrawing GAL tokens, ensuring a flexible and informed staking experience. The dashboard is designed to be simple, allowing users to monitor and manage their betting history and current status effectively.

This intuitive engagement experience improves user engagement by streamlining the engagement process and ensuring participants can make informed decisions based on comprehensive, real-time data, reinforcing Galxe's commitment to transparency and user empowerment. in the evolving web3 space. For detailed instructions on how to participate, visit our Step by Step: GAL Staking Guide.

Decentralized Community Participation and Governance Update

Galxe, together with GAL Stake, proposes a significant improvement to its governance model. This proposal, if approved, would transfer voting rights exclusively to GAL participants, further democratizing the platform's decision-making process. This change aims to deepen community participation by ensuring that those who actively participate and invest in GAL have a more substantial influence over the strategic direction of the platform.

The proposal for this governance improvement is now available and Galxe encourages all interested parties to participate in the debate and vote. Interested parties can find more information and join governance discussions in the Galxe Governance Forum. This initiative highlights Galxe's commitment to fostering a participatory environment where community input drives growth and innovation.

About Galxe

Galxe is the leading web3 infrastructure and digital credential network, enabling seamless web3 experiences through modular artificial intelligence, digital identity and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and autonomous digital identity management. In addition to the protocol, Galxe's suite of products (Galxe Quest, Galxe Passport, Galxe Score and Galxe Compass) support the development of the next generation of web3 applications. With a vibrant community of over 18 million active users and partnerships with 4,900 brands, Galxe has proven to be a pioneer and leader in digital identity solutions, fostering community growth and improving user engagement. Dedicated to making web3 accessible to everyone, Galxe serves end users and developers around the world.

For media inquiries, [email protected]

<!– ai CONTENT END 1 –>