Galxe

Galxe is a decentralized platform offering advanced tools for managing digital identities and credentials in the Web3 space. It supports developers and users with applications emphasizing secure, self-sovereign identity management and streamlined interaction with blockchain technologies. Charles Wayn and Harry Zhang are Galxe's co-founders. ^[1]

Overview

Galxe is a decentralized super app and the largest on-chain distribution platform in Web3. It is a verifiable credential protocol focused on self-sovereign identity (SSI) services, utilizing zero-knowledge proof (ZKP) techniques. This permissionless, chain-agnostic protocol supports credential issuers, holders, and verifiers and includes features like no-code ZKP. Issuers can create and manage revocable credentials on-chain, holders can selectively disclose information for specific verifications while maintaining pseudonymity, and verifiers can define programmable trust schemas. The protocol also facilitates the minting of soul-bound tokens (SBTs) based on typed credentials and supports no-code compositional verification. ^[1]

Ecosystem

Galxe Identity Protocol

Galxe Identity Protocol is a permissionless, self-sovereign identity infrastructure that leverages Zero-Knowledge Proof to own, manage, and share verifiable credentials securely. It enables builders to develop Sybil prevention algorithms, reputation systems, credit systems, personal data markets, and decentralized review systems. The protocol aims to enhance Galxe's offerings by separating functionality into interconnected components. ^[2]

There are four key roles within the Galxe Identity Protocol: Credential Holder, Issuer, Verifier, and Credential Type Designer. Galxe designs and offers various Credential Types for projects on its platform. Campaign owners verify and issue credentials to eligible participants who become Credential Holders. ^[2]

At its core, Galxe Identity Protocol comprises on-chain smart contracts and off-chain SDK tools, enabling developers to deploy and utilize contracts for issuing and authenticating credentials. A credential schema consists of the context (e.g., age verification) and the credential type (boolean, yes or no). ^[2]

With its decentralized nature, the Galxe Identity Protocol supports chain-agnostic components, ensuring sustainability across all roles. Credential Holders can selectively disclose necessary information under a deterministic pseudonymous identity for specific verification instances. Issuers can create and manage revocable credentials on-chain. At the same time, Verifiers can define programmable trust schemas and utilize identity nullifiers for access control in diverse on-chain and off-chain applications. ^[2] wiki

Galxe Quest

Galxe Quest is a Web3 community-building platform integrated into Optimism, Arbitrum, and Polygon chains. It offers a seamless, no-code solution for projects to engage users through reward-based loyalty programs. The platform enhances user growth strategies with automated solutions that combine on-chain analytics and off-chain interactions. It simplifies user onboarding through interactive Learn-to-Experience-to-Earn campaigns designed to educate newcomers effectively. ^[3]

Galxe Quest prioritizes authentic community engagement by employing sybil-resistant credentials to ensure genuine interactions and thwart bots. It also boosts brand visibility by integrating strategically with social media platforms, leveraging Galxe's extensive reach in the digital landscape. ^[3]

Moreover, using specific credentials, the platform helps identify and nurture loyal community members, fostering connections beyond traditional community boundaries. Galxe Quest supports sustained user engagement with comprehensive loyalty programs featuring ongoing campaigns and incentives to maintain long-term user participation and satisfaction. ^[3]

Galxe Compass

Galxe Compass is a comprehensive hub for airdrop campaigns in Web3, designed to cater to new and experienced airdrop hunters. It is a centralized guide and watchlist aggregating many airdrop opportunities across the Web3 ecosystem. Galxe Compass utilizes AI-driven technology to curate a detailed watchlist of airdrops, providing valuable insights and updates weekly. It covers campaigns beyond Galxe's quest platform, including airdrop opportunities recommended by industry experts. ^[4]

Galxe Compass simplifies the airdrop process by allowing users to track active campaigns and engage in on-chain tasks directly through the platform. By aggregating these opportunities, Galxe Compass ensures users stay informed and can easily participate in airdrops, bridging the gap between isolated opportunities and the broader Web3 ecosystem. ^[4]

Galxe ID

Galxe ID serves as a universal Web3 identity service, functioning as a universal username that consolidates multichain and multi-wallet identities in Web3. It enables users to display their collected credentials from the Web3 ecosystem, showcasing their achievements and history. Developers can integrate the Galxe ID toolkit as a metaverse DID, offering customized features based on users' digital credentials or enhancing user profiles within their products. This integration promises to unlock numerous possibilities and reshape the future of Web3. ^[1]

Galxe Passport

Galxe Passport is a secure and private universal identity for Web3 experiences, securely storing users' identity information anonymously. It functions as a universal identity across various applications for compliance purposes. Users receive a unique Galxe Passport Soulbound Token in their wallet, distinguishing them as verified individuals and aiding partners in preventing Sybil attacks. ^[5]

Designed with security in mind, Galxe Passport encrypts users' private information with their password, ensuring that only users can access these data unless explicitly authorized. To obtain a Soulbound Token, users undergo a verification process on Galxe, enabling them to mint and claim the Galxe Passport Token. ^[5]

On April 30th, 2024, Galaxy introduced Passport V2, which introduced three new user features: Private Data Vault, facial re-verification, and timestamped verification. ^[5]

Private Data Vault offers a secure system to manage users' encrypted identity commitments and signed credentials. This vault ensures users can conveniently access their Passport across different protocols and platforms, combining simplicity with robust security and privacy. Galxe Passport V2 stores new users' encrypted data in the Private Data Vault, compatible with the Galxe Identity Protocol. Utilizing Zero-Knowledge Proof (ZKP) technology, this enhancement guarantees that users' data remains completely private while remaining accessible as needed. This development underscores Galxe Passport's ongoing commitment to maintaining a balance between privacy and user-friendly accessibility. ^[5]
In Galxe Passport V2, projects utilizing the platform for verification can now integrate periodic facial re-authentication into their Know-Your-Customer (KYC) processes. This enhanced security feature is designed to eliminate false KYC verifications, particularly targeting users who may have obtained their Soulbound Token (SBT) on Galxe Passport using fraudulent documents. For example, platforms that require KYC for regulatory compliance can implement periodic facial verifications, such as every six months, to ensure that biometric data matches the original verification. This approach emphasizes consistency and accuracy, positioning Galxe Passport V2 as a tool for authenticity that safeguards projects and protocols against Sybil attacks. Moreover, reducing instances of false KYCs enhances compliance with protocols that mandate rigorous verification standards. ^[5]
In Galxe Passport V2, a new feature has been introduced where users' successful selfie verifications are timestamped. This enhancement aims to strengthen the verification process by providing platforms with a multi-dimensional credential to assess the authenticity of their users more effectively. By incorporating timestamped selfie verifications, Galxe Passport V2 enhances the integrity of identity verification, helping to minimize falsified verifications and ensure consistency across platforms. ^[5]

Alva

Alva is an AI tool designed to help users stay informed and make investment decisions in the Web3 space. It continuously gathers real-time crypto knowledge from various sources, acting as a comprehensive knowledge hub. Alva is available as an extension on Twitter. When users highlight text, it provides instant insights and analyses. It collects data from industry analytics, project information, market trends, and community discussions, simplifying access to current Web3 information. ^[6]

Gravity

Gravity is a Layer 1 omnichain smart contract platform designed to streamline and enhance cross-chain interactions within Web3. It aims to provide a more efficient, scalable, and secure mechanism for managing complex transactions with minimal friction. Built for mass adoption, Gravity features full-chain abstraction and integrates advanced technologies such as Zero-Knowledge Proofs, staking-powered architecture, and novel consensus mechanisms. This architecture ensures high performance, robust security, and cost-efficient transactions, catering to the needs of diverse applications in the Web3 ecosystem. ^[7]^[8]

Gravity's cross-chain settlement protocol allows applications to utilize it as a universal settlement layer across various chains, facilitating seamless user interactions without exposing them to the technical complexities of blockchain. This capability is particularly beneficial for high-throughput applications, enabling them to leverage Gravity's fast-finality chain for secure and auditable transactions. Applications like Smart Savings showcase Gravity's role in shifting towards transparent, auditable transaction processing, ensuring reliability and adherence to the code-is-law principle across decentralized applications. ^[7]^[8] wiki

Gravity (G)

Formerly called GAL, Gravity (G) is the native token used within the Gravity and Galxe ecosystems, serving multiple essential functions. Initially functioning as a gas token for transactions, G will soon transition to securing the network through staking. This versatile utility token is crucial in governance processes, incentivizing ecosystem growth, and facilitating payments across both platforms. ^[8]^[9]

G is set to expand its utility beyond its current GAL functionalities to cater to all users across our ecosystems. Among its key applications, users can stake G to engage in governance actively, contribute to network security, and support the long-term sustainability of the Gravity and Galxe ecosystems. Stakers of G also enjoy access to exclusive rewards from applications developed by Galxe. Governance within the G ecosystem is overseen by the G DAO, where holders of G tokens govern transparently, securely, and decentralizedly. This framework fosters unity and facilitates progressive decision-making among community members. ^[8]^[9]

Functioning as the native gas token on Gravity Chain, G is essential for executing and settling all on-chain transactions, ensuring seamless and efficient operations within the network. Moreover, in the Galxe ecosystem, G is the utility token used to pay fees associated with various applications such as Galxe Quest, Galxe Passport, Galxe Score, Alva, and more. This functionality supports the smooth operation of Galxe platforms, enabling users to engage effectively across the ecosystem. ^[8]^[9] wiki

GAL Migration

Proposals GP-25 and GP-30 were approved by the Galxe DAO community, marking the migration of the Galxe (GAL) token to Gravity (G). This transition aimed to unify and streamline the user experience across both ecosystems by seamlessly integrating the token across the Gravity Layer 1 and the Galxe platform while simplifying the ticker for improved recognition. On July 9th, 2024, GAL was migrated to G, which now serves as the universal token, providing utility in governance, transactions, and incentives throughout the ecosystem. ^[8]^[9]

Tokenomics

G has a total supply of 12,000,000,000 tokens and has the following distribution: ^[10]

Community: 20%
Team: 15%
Marketing: 15%
Growth Backer R1: 10.63%
Growth Backer R2: 10.14%
Foundation: 10%
Advisors & Partners: 6.23%
Coinlist Public Sale: 5%
Ecosystem: 4.5%
Early Adopters Rewards: 2%
Launchpool: 1.5%

Galxe DAO

Galxe DAO is governed by G holders, who have authority over protocol fee collection and management of the Galxe Community Treasury. Proposals undergo a three-step process: they require over 50% passing votes, backed by wallet addresses holding at least 2,000,000 GAL (with delegation allowed), for endorsement. Once a proposal passes, Galxe's operational team implements the changes, which are validated by a multi-sig if required. ^[11]