What about GAL coins? Is GAL coin worth holding for the long term?

Project Galaxy uses an open, collaborative credential data network that is accessible to all developers on Web3. Galaxy's infrastructure supports curators who provide credentials through various data sources, including on-chain credentials and off-chain credentials. For on-chain credentials, trustees can provide subgraph queries or wallet snapshots, and for off-chain credentials Curators of credentials can easily contribute credential data using Galaxy’s built-in data sources, and the GAL token is arguably an important part of the infrastructure within the project.

The latest price of GAL coin

＄2.25 ≈ ¥16.33

How about GAL coin?

project Galaxy Protocol started a year ago and has grown significantly, successfully encompassing over 383 partners and over 1.6 million users, the ecosystem is growing and advancing globally. Today, they announced the Galaxy DAO project and its native governance token GAL, a multi-chain token built on the Ethereum mainnet and Binance Smart Chain. GAL tokens can be traded on other Level 1 CEXs and DEXs, including Binance, Coinbase, Kucoin, and Pancake Swap.

Project Galaxy has a unique ecosystem that allows Web3 developers and projects to leverage digital credential data and NFTs to build better products and communities. By contributing to Galaxy's Credential Data Network, curators are rewarded with GAL when credentials are used in Galaxy's application modules, Credential Oracle engine, and Credential API. The main four functions of the Project Galaxy application module include OAT, Galaxy NFT, Galaxy Vote and Galaxy ID.

“We started this project with a game-changing vision and have built on it over the last year and today we are very proud and excited to announce that we have finally launched our native token GAL Token and we are very grateful so far With a community that has grown with us and serves as a strong support system for our team, we are excited to share more big announcements this year,” said Charles Wayne, co-founder of Galaxy Project.

Is GAL coin worth holding for a long time?

GAL coins are worth holding for a long time because Project Galaxy is the largest Web3 certified data network in the world. Project Galaxy Web3 is built on an open and collaborative infrastructure to help developers and organizations leverage NFT and digital credential data to build better products and communities.

Project Galaxy Token (GAL) will provide token holders with a range of benefits, such as payment for the Project Galaxy ecosystem, including Credentials Oracle Engine and Credentials API for developers to leverage credential data to build better products and communities

GAL is Project Galaxy’s core utility and governance token, providing three main functions to token holders:

Governance: GAL token holders can vote on governance proposals for Project Galaxy DAO.

Fee Payment: Developers aiming to use Galaxy credential data will be charged in the GAL.

Curation Vouchers: Curators are encouraged to stake GAL tokens to demonstrate the value of the voucher dataset.

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