Introducing GAL Staking: Unlock Access to Galxe Earn and Governance

Introducing GAL Staking: Unlock Access to Galxe Earn and Governance

Introducing GAL Staking: Unlock Access to Galxe Earn and Governance

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Apr 24, 2024

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Galxe

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At Galxe, we are dedicated to empowering the global transition to Web3, making it accessible and beneficial for all users. Enhancing the practical utility of the technologies we develop is a crucial part of this mission. Today, we are excited to introduce a significant advancement toward this goal: the launch of GAL Staking. This new feature is vital to building a decentralized future for Galxe, enhancing the utility of the GAL ecosystem by allowing users to unlock exclusive rewards and participate in governance.

Introducing GAL Staking

We are excited to announce new utilities and benefits for GAL Stakers, starting with Galxe Earn and an upgraded governance framework. By staking GAL tokens, users can secure exclusive voting rights on proposals via the upcoming governance upgrade, play a role in influencing the strategic direction of our platform, and potentially receive exclusive rewards via Galxe Earn.

How to Stake GAL

Upon navigating to the GAL Staking area on our website, users are presented with a clear and concise dashboard displaying vital statistics like the total GAL staked, individual wallet addresses, and detailed staking activities. Throughout the interface, users have the flexibility to engage with the platform by staking or unstaking GAL tokens. They can easily monitor and manage their staking history and current status through our user-friendly dashboard tools.

Galxe Earn: Revolutionizing Airdrop Campaigns

Galxe Earn is transforming how airdrop campaigns are conducted by providing a self-serve platform that enables projects to distribute more intelligent, precision-targeted airdrops. With over 18 million active participants, Galxe Earn offers a unique environment for projects to engage directly with token holders, NFT collectors, and social media followers. Powered by Galxe Quest, our innovative growth platform, these exclusive rewards include whitelist spots and gated access to airdrops, enhancing engagement and reach across the ecosystem. The genesis rewards pool will feature Arbitrum, Polyhedra, and Merlin, with a total distribution close to $5 million.

Galxe Earn also features a referral boost system, which increases users’ eligibility for the reward pool. The referral boost system offers tiered incentives based on the number of friends referred and the amount of stake they participated in. For detailed instructions on participating, visit our Step-by-Step: GAL Staking guide.

Governance Upgrade: A New Chapter in Community Involvement

In today’s announcement, we also propose enhancements to the Galxe governance process. We propose transitioning from voting by GAL token holders to voting exclusively by GAL stakers. We believe that this strategic shift will enhance community engagement and ensure that active participants have a more substantial influence on the community’s future direction. The proposal for this governance upgrade is now live. If you’re interested in shaping Galxe’s ongoing improvements and participating in our ecosystem’s development, visit the Governance Forum.

Conclusion

As we roll out GAL Staking and introduce these exciting new features, we reaffirm our commitment to a decentralized, user-empowered future. Galxe remains dedicated to providing tools that enhance the Web3 experience and ensure every participant can make a meaningful impact. Join us as we continue to innovate and push the boundaries of what’s possible in the world of Web3.

About Galxe

Galxe is a decentralized super app and web3’s largest onchain distribution platform. Through its robust infrastructure and product suite of modular AI, digital identity, and blockchain technologies — Quest, Passport, Score, Compass, and Alva — Galxe supports the development of advanced, user-friendly web3 applications with an emphasis on secure and self-sovereign digital identity management. The recent introduction of Gravity, a Layer 1 omnichain leveraging Galxe’s infrastructure, enables developers to tap into Galxe’s 30 million users and create new products that help onboard the world to web3.

About Gravity

Gravity is a high-performance Layer 1 blockchain built for mass adoption, powering an ecosystem of over 25 million users. Built by Galxe, Gravity achieves over one gigagas per second throughput and sub-second finality with a pipelined AptosBFT consensus engine and Grevm (Gravity EVM), a parallel EVM runtime, while maintaining PoS security through restaking technology.

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