What is GAL coin? What is GAL coin?-web3.0-php.cn

Home

web3.0

What is GAL coin? What is GAL coin?

王林

Aug 09, 2024 pm 04:30 PM

BlockchaincryptocurrencyEthereumexchangegal coinsEthereum blockchain

GAL coin is an Ethereum-based cryptocurrency used to pay for Galileo Protocol services and has features such as governance, staking, transaction fees, developer incentives, and scarcity. Its use cases include paying fees, participating in governance, staking rewards, incentivizing developers and conducting transactions, among others.

What is GAL coin? What is GAL coin?

What is GAL coin?

GAL coin is a cryptocurrency based on the Ethereum blockchain and developed by Galileo Protocol. It is a utility token used to pay for services in Galileo Protocol, such as staking, voting, and governance.

Features of GAL Coin:

Governance Token: GAL holders can use their tokens to participate in the governance of the project, including voting on protocol improvements.
Staking Rewards: GAL holders can earn rewards by staking their tokens to help secure the network and verify transactions.
Transaction Fees: GAL is used to pay transaction fees in Galileo Protocol to incentivize network participants to process these transactions.
Developer Incentives: GAL is allocated to developers to reward their contributions to the protocol.
Scarcity: The total supply of GAL is 1 billion, of which 30% is used for staking rewards and 70% is allocated to Galileo Protocol’s founders, team and ecosystem participants.

Use cases for GAL coins:

Pay transaction fees in Galileo Protocol
Participate in governance and voting
Stake to get rewards
Reward developers for their contribution to the project
Trade on cryptocurrency exchanges

GAL coin aims to become the native token in the Galileo Protocol ecosystem, supporting the development and governance of the protocol, and incentivizing network participants.

Galxe (GAL) Price Surge

As of 2024-08-08 18:00, the price of Galxe (GAL) is $2.61, up 17.69% in the last 24 hours.

Factors for price changes

Galxe price increase is driven by the following factors:

Increased user adoption
Partnership expansion
Ecosystem development

Future price trends

While past Performance is no guarantee of future results, but Galxe's strong momentum suggests its price may continue to rise. If user adoption and ecosystem growth continue, investors may see further gains.

Recommended Action

For investors looking to position themselves for potential gains, it is recommended to consider buying Galxe around current prices. However, it is important to invest carefully based on your financial situation and risk tolerance.

Short-Term Forecast

Building on the current trend, the short-term trend of GAL is expected to continue to be bullish, and the price is expected to rise further.

Key indicators

Price: 2.61 USD
24-hour trading volume: 315,706 USD
Circulation market capitalization: 328 million USD
Circulation volume: 125,720,997.6647 GAL
Maximum supply: 200 million GAL
Total supply Amount: 125,720,997.6647 GAL

The above is the detailed content of What is GAL coin? What is GAL coin?. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

How to set stop loss in Ouyi Digital Currency App?Apr 22, 2025 am 08:42 AM

There are two ways to set a stop loss in the Ouyi Digital Currency App: 1. Set a stop loss on the trading page: Set a stop loss when opening a position or after opening a position. 2. Set stop loss on the specific position page: Click "Position", select the position, and set the stop loss trigger price and quantity.

Where to look at the ratio of long and short data in the currency circleApr 22, 2025 am 08:39 AM

The ten apps that can view the long-short data ratio in the currency circle are: 1. CoinMarketCap, providing comprehensive information; 2. Binance, trading platform, high liquidity; 3. OKX, world-leading, supports multiple trading; 4. TradingView, chart platform, rich technical analysis tools; 5. Kraken, European platform, high security; 6. Bitfinex, suitable for professional traders; 7. Bitstamp, stable and reliable; 8. Huobi, rich trading functions; 9. Coinglass, focusing on the contract market, friendly interface; 10. Delta, integrating market data, supporting long-short analysis.

How to make money in currency contracts? A list of tips for double contracts in the currency circleApr 22, 2025 am 08:36 AM

The core methods of profitability in currency circle contracts include: 1. Trend tracking and band operations, driving profit through technical analysis and news surface; 2. Arbitrage and hedging strategies, using cross-platform price spreads and options hedging; 3. Reasonable use of leverage, adjusting leverage multiples according to market fluctuations; 4. Risk control, setting stop loss and take profit and managing positions.

The latest inventory of the top ten digital currency exchanges in the world in 2025 and analysis of advantages and disadvantagesApr 22, 2025 am 08:33 AM

The top ten digital currency exchanges in the world in 2025 are: Binance, OKX, Gate.io, Coinbase, Kraken, Huobi, KuCoin, Bybit, Bitstamp and Upbit. 1. Newbie/institutional users should choose Coinbase and Kraken because of their strong security and compliance and transparency. 2. High frequency/derivative traders are suitable for use with Binance, OKX and Bybit, providing low rates and high liquidity. 3. Users who explore small currencies can choose KuCoin and Gate.io, but they need to pay attention to diversifying risks. 4. Users with localization needs can choose Huobi (Asia), Upbit (South Korea) and Bitstamp (Europe).

Top 10 virtual currency trading platforms with the lowest handling feeApr 22, 2025 am 08:30 AM

Binance spot trading fee is 0.1%, and holding BNB can be reduced to 0.025%; OKX rate is 0.1%-0.2%, with a minimum of 0.02%; Gate.io rate is 0.2%, with a minimum of 0.10%; FTX rate is 0.02%-0.05%, but has filed for bankruptcy; Coinbase Pro rate is as low as 0.05%, ordinary users; Kraken rate is 0.16%-0.26%, with a minimum of 0.10%; Bitfinex rate is 0.1%-0.2%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%; Bithumb rate is 0.15%, with a minimum of 0.02%; Huobi rate is 0.2%, with a minimum of 0.02%; KuCoin rate is 0.1%, with a minimum of 0.02%;

A inventory of special services for major virtual currency trading platforms around the worldApr 22, 2025 am 08:27 AM

The special services of global virtual currency trading platforms include: 1. Comprehensive ecological platforms such as Binance and OKX, providing a variety of cryptocurrency trading pairs and ecosystems; 2. Compliance and security platforms such as Coinbase and Gemini, emphasizing regulatory compliance and user asset security; 3. Professional trading platforms such as Bitfinex and Kraken, focusing on high-leverage trading and technical support; 4. Innovative service platforms such as Crypto.com and FTX, launching innovative financial products; 5. Regional featured platforms such as Bitstamp and Huobi Global, providing localized services and compliance solutions.

Top 10 recommended virtual currency trading platforms for cross-border transactions

When choosing a cryptocurrency exchange, priority is given to compliance, liquidity, service type and regional adaptation: 1. Compliance: Choose a platform regulated by SEC, FINCEN or the EU, such as Coinbase, Bitstamp. 2. Liquidity: Binance and OKX are suitable for large-value trading. 3. Service type: Newbie choose Coinbase, derivative traders choose Bybit or Bitfinex. 4. Regional adaptation: Asian users choose Huobi, European and American users choose Kraken.

Top 10 recommended security rankings for virtual currency trading platforms in 2025

When choosing a cryptocurrency exchange, you should consider: 1. Compliance, and give priority to platforms regulated by SEC, FINCEN or the EU, such as Coinbase, Bitstamp; 2. Liquidity, Binance and OKX are suitable for large-scale trading; 3. Service type, novices choose Coinbase, derivative traders choose Bybit or Bitfinex; 4. Regional adaptation, Asian users choose Huobi, European and American users choose Kraken.