What is the highest price of GAL coins? List of the highest and lowest prices in GAL coin history

Project Galaxy is the world's largest Web 3 credential data network, and GAL coin is the native token of the project. Project Galaxy is built on an open, collaborative infrastructure that helps Web 3.0 developers and projects leverage digital credential data and NFTs to build great products and communities. In addition, data stewards are rewarded for using credentials in the Galaxy AppModule, Oracle Credential Engine and Credential API, and Project Galaxy provides the infrastructure to help developers use credential data for their products. So what is the highest price of GAL coins? Let the editor introduce to you the historical highest and lowest prices of this GAL coin.

A list of the historical high and low prices of GAL coins

The historical high price of GAL coin is $18.41, which appeared on May 6, 2022, and its historical low price is $0.8657, which appeared on June 10, 2023 . Since the traffic economy of web3 is a big piece of cake, someone will definitely take action, and Project Galaxy is currently the most promising one.

Although it is only a semi-finished project, it is already the leader in the DID track. Its governance token $GAL has been directly listed on the first-line exchanges (BN, Coinbase, FTX), and has made a wave of cooperation with Binance before going online. Mining activities, which to a certain extent also reflects Binance’s emphasis on this project (there may also be some undisclosed partnership). The day of the launch was also very lively. $GAL rose from the public offering price of US$1.5 to a maximum of US$200. Various discussions and jokes occurred frequently, and the popularity remained high for a while.

What is the use of GAL coins?

Project Galaxy aims to build an open, collaborative, permissionless credential data network. The GAL token is an important part of these infrastructures as it functions as a governance token, encourages user participation, and serves as the primary payment token for the Project Galaxy ecosystem. Here are the GAL utilities:

Governance: GAL is used for voting and governance in the Galaxy DAO project. GAL token holders have the ability to control the amount of platform fees charged by the protocol and control the funds held in the project’s Galaxy Community Vault.

Pay App Module Fees: Developers wishing to use Galaxy credential data through app modules will need to pay a platform fee calculated in GAL. Configure platform fees so that any interaction with the Galaxy protocol charges the GAL. The majority of the fees will go to the administrators, with the remainder collected by the Galaxy Community Treasury. Currently, all application module fees are waived during beta testing. The project is held in community treasury.

Billing for Galaxy Oracle Engine and Galaxy Credential API: Developers pay GAL to query credential data through Galaxy Oracle Engine and Galaxy Credential API. Currently, all consultation fees are waived during beta testing.

Digital Credential Management: Managers can use GAL tokens to represent the value of credential data sets. Each voucher data set will contain a revenue stream that will be prorated among voucher holders. Managers can purchase stocks from the voucher data set of their respective member curves.

Pay App Module Fees: Developers wishing to use Galaxy credential data through app modules will need to pay a platform fee calculated in GAL. Configure platform fees so that any interaction with the Galaxy protocol charges the GAL. The majority of the fees will go to the administrators, with the remainder collected by the Galaxy Community Treasury. Currently, all application module fees are waived during beta testing. The project is held in community treasury.

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