Galxe 2.0: Created to Support the Growth of Web3 Projects

• 1 The achievement of various milestones by Galxe has facilitated upgrades in Galxe 2.0.
• 2 Galxe 2.0 began its launch in late September 2023, divided into three different stages.
• 3 The launch of Galxe 2.0 has brought numerous benefits to Web3 space, including improvements in user experience, better integration, and secured management of digital assets.

Galxe is a Web3 platform that connects projects, users, and communities in a decentralized world. It enables users to discover, participate in, and contribute to various Web3 projects, including DeFi, NFT, DAO, and others. 

Apart from that, Galxe allows its users to create and manage their digital identities, credentials, and reputations across different platforms and blockchains. Galxe was initially named the Galaxy Project but was later renamed Galxe to better express its idea and objective. 

Milestones of Galxe

Galxe is one of the leading platforms for Web3 community building. It has fostered an impressive community exceeding 12 million active users, helped over 3,300 organizations, and executed over 36,000 growth and loyalty campaigns.

Galxe has also emerged as the largest digital identity provider in Web3, having more than 450,000 verified Galxe Passport holders and issuing millions of credentials.

Over the past two years, Galxe has issued 66.62 million Galxe Onchain Achievement Tokebs (OATs) and loyalty NFT badges to over 5.5 million unique addresses across 26 different blockchains

The GAL Token

The GAL Token is the native token of the Galxe ecosystem. It is used for voting and governance in Galxe DAO, paying for application module fees, querying credential data, and curating digital credentials. It also rewards users for their achievements and activities on Galxe and other Web3 platforms.

Galxe 2.0

Galxe 2.0 is the major upgrade in Galxe, with various new features and updates. These are designed to improve the user experience for Web3 and the functionality of Galxe. It is a significant milestone achieved that showcases the innovation and creativity of the Galxe community. 

It is much more than the platform upgrade, as it is a standard shift for the Web3 space. It aims to make Web3 more inclusive, accessible, and rewarding for all users. Rewards will not be dependent on the background, preferences, or skills of users.

It empowers users to take control of their reputation, digital identity, and assets and to participate in the decentralized economy and society. 

Highlights of Galxe 2.0

Galxe Mobile App

It is a mobile application that allows users to access Galxe campaigns, manage their Galxe ID profile, discover new Web3 projects, and claim rewards. This mobile app will be compatible with iOS and Android devices. The app supports multiple languages.

This app will have an ultra-intuitive interface and will open up a world of possibilities. It is a pocket-sized portal to new Web3 opportunities and will be available on Testflight in Q4, 2023.

Smart Balance

It is a feature that enables users to deposit stablecoins and GAL tokens on the Galxe platform. Moreover, it allows users to pay for gas fees, Galxe passports, Web3 scores, and other services across different blockchains. Additionally, it enables users to earn interest on their deposits and swap tokens with low fees and slippage.

Despite the increasing ease of mobile wallet usage, it is still a challenge to switch between blockchains and pay gas fees to claim the rewards. With the launch of the Smart Balance feature, the mobile and desktop experiences will become smoother.

It can pay for gas fees in any token while minting across the integrated 26 blockchains. The hassle of swapping tokens between different blockchains will be resolved.

It will be launched and available to everyone in late September 2023.

Web3 Score

Web3 Score is a feature that calculates a user’s Web3 reputation based on their achievements and activities on Galxe and other Web3 platforms. Accordingly, reward users with GAL tokens and NFTs.

Additionally, the Web3 score facilitates users’ identity verification, provides access to exclusive opportunities, and increases user influence in the Web3 space.

Galxe Web3 Score spans over five important elements

Experience: It will reflect the age and history of the wallet and Galxe ID.

Fame: This reflects users’ social impact. The more social impact any user has on social media accounts, the higher level of Fame a user will reach.

Expertise: This reflects users’ interests and activities on Galxe. To improve this score, users should participate in more campaigns.

Asset: This reflects users’ on-chain assets, holding of blue chip NFTs, and possessing valuable tokens to improve this score.

Humanity: This reflects how likely a user is to be a human. To improve this, a user must be active on-chain, prove social impact, show wealth, and pass face recognition. 

Telegram and Discord Bot v2

Telegram and Discord Bot v2 is a feature that integrates Galxe with Telegram and Discord. It allows users to verify their identity, claim roles, and participate in campaigns through these chat platforms.

It also allows users to integrate with Galxe smart contracts, check their Web3 score, and receive notifications and updates from Galxe.

Discord and Telegram Bot V2 include:

Notifications of new campaigns from spaces a user follows

Notifications of daily popular campaigns

More native Galxe integration is the next step that will be updated soon

Galxe ID updates

It is a feature that improves the Galxe ID system that allows users to create and manage multiple identities, link their social media accounts, and customize their profiles.

Additionally, Galxe ID updates support users to control privacy and share credentials and reputations with other platforms and users. 

Apart from this, Galxe will support the login option for social accounts only. Participating in campaigns does not require on-chain actions now and does not require a wallet.

Galxe ID V2 has been available on Galxe.com since late September 2023.

Conclusion: Launch of Galxe 2.0 and Benefits

The Galxe 2.0 was launched in three stages. The launch process began in September 2023, or the early period of Q4 2023. The three stages and respective features are mentioned in the table below.

After the completion of the launch of Galxe 2.0, it will provide various benefits to Web3 users. These benefits include simplifying interaction with dApps and blockchain networks, providing secure and private management of digital assets, facilitating effortless cross-chain transactions, and improving the overall user experience.