After the BTC ETF was approved by the SEC, large-scale buying by institutional funds drove the rise of BTC and led the entire crypto market to pick up and enter a bull market. So, for investors who are accustomed to the conservative mentality of the bear market, how to change their strategies to adapt to the bull market? For Web2 users who are about to enter the market, how to earn Web3 by playing is also a topic worth discussing.
When it comes to cultivating Web3, we have to mention Galxe. Galxe is a permissionless self-sovereign identity infrastructure. Under the mechanism of zero-knowledge proof, users will be able to own, manage and share verifiable credentials securely and privately. Builders can use the various tools provided by Galex to build Sybil prevention algorithms, reputation systems, credit systems, personal data markets, decentralized censorship systems, and more.
Galxe is currently the most popular Web3 task data platform, attracting a large number of users and projects to publish activities and interactive tasks on its platform, and establishing its own community. Every day, millions of investors and blockchain players visit Galxe and actively submit data on various activities and tasks.
In fact, for me, I prefer to think that Glexa is a bridge connecting project parties and users, providing a stage for project parties to display, providing investors with a channel to understand the project, and at the same time, it can also take into account the creation of a community. , cultivate community members, help project launch and acquire users.
Galxe provides a series of basic services, such as Galxe OAT and NFT, as credentials for project community participation activities and used to verify the identity of real community users. Galxe ID is a representative of the identity on the chain and can display the user's identity information on multiple chains. Galxe Credential API is an interface that connects project task data, allowing DApps to interact with each other and share data. It can also process off-chain data, such as follow likes on Twitter and interactions in Discord groups. The integration of these services makes Galxe a comprehensive community participation platform, providing users with a more secure and convenient interactive experience.
In addition, Galxe has recently launched the Astronaut Ranking System, which mainly evaluates users' participation in the Galxe platform and the contribution of DC servers, including event participation, loyalty points, Web3 scores and Galxe OG NFT and more. According to these active weights, it is divided into three levels: gold, silver and bronze. Through the three levels, participants can obtain more early bonuses from Web3.
Galxe strengthens the connection between project parties and community members through a series of Web3 on-chain and off-chain data. This move highlights that Galxe mainly serves project teams and community members in various Web3 tracks, and is also an important factor in the rise of Galxe.
After the bull market arrives, the market will have four obvious groups that play a significant role in promoting the process of the bull market, namely: users, investors, investment funds and high-quality projects , the market atmosphere must be in place and the joint efforts of these groups must be indispensable. Galxe has captured these three points and become a potential new star in the bull market.
The continued rise in the market will surely attract more new investors to join the game, and these users will also become the fresh blood of the cryptocurrency market. As a novice who is new to blockchain, the demand for learning and experiencing Web3 projects is also very high. If entering the crypto market is just about buying and selling trading tokens on CEX, the promotion of Web3 will be minimal. The charm of blockchain lies in its ability to provide scenarios that are different from the existing Internet, including completely different user experiences brought by various decentralized apps. These are skills that new investors must master. Therefore, investor education has become a critical need.
Galxe provides a platform for project parties to release interactive tasks, allowing investors to familiarize themselves with Web3 projects through practical operations, and obtain corresponding points, rewards or NFTs, etc. This is for newcomers in the Web3 and blockchain industries The cultivation of Web3 is crucial and has become the only way to get started with Web3.
The blockchain industry has attracted a large amount of funds, investors and entrepreneurs, and will also produce a large number of projects. These projects will spring up in the bull market. Investors who have studied projects all know that good wine is also afraid of deep alleys. If a project wants to be successful, in addition to technical strength, it also needs to know marketing to let more investors know its potential. A large number of high-quality projects in the bull market have a demand for users to know themselves, join their own communities, and become a member of the community.
Through the form of task activities, users can discover high-quality projects on Galxe, and through these Learn about the project through activity tasks, participate in the project, and finally become a member of the project community, thereby promoting further improvement in project valuation and driving up the value of Token. Galxe's influence through the platform can naturally bring more traffic to the project side, which is also very necessary for the project side.
For investment funds, in recent years, the downward trend in the economies of various countries has also made the investment market very cold. In a bull market, as market conditions rise, funds from traditional investment fields will also enter one after another. Even during the bear market in 2023, cryptocurrency returns throughout the year were much higher than other markets, so there is no reason for funds to miss this opportunity for the bull market in 2024.
In addition to providing Web3 portals, a large amount of funds will also be deployed in Web3 projects, so there are many opportunities for early-stage projects in the bull market. Galxe provides these start-up projects with a cold start and a showcase platform for users and investors. With Galxe, users and investment funds can quickly and accurately understand the community, popularity, practical applications and other information of the project as a reference.
Galxe will recommend teams with excellent backgrounds to carry out task activities on the platform. For example, top project parties such as Polygon, Optimism, Arbitrum, and Linea have chosen to publish their communities on Galxe Task activities, especially the early stage of project development, are very important to investors, which also facilitates investors to make early layout of the project to obtain generous returns.
When the bull market arrives, a large number of project parties have marketing promotions and DApp user experience and usage requirements. This is also the main breaking point and benefit of Galxe in the bull market.
The total number of GAL tokens is 200 million, and the current circulation is about 100 million, with a market value of 330 million, ranking 213th on Coingecko. Before going public, it received multiple financings totaling US$25 million. At the same time, it did a public sale on Coinlist and received US$15 million, with a total financing amount of US$40 million. The token circulation is more than half, the unlocking pressure is relatively low, the overall market value is not high, and there is not a lot of hype. The fundamentals of the token are very good, and there are high expectations.
In terms of application scenarios, in addition to governance voting, GAL tokens are mainly used by project developers to pay for voucher data, that is, the project team collects community data through the Galxe interface, such as user preferences, etc. In this way, the development direction of the project party can be adjusted in time, making it easier for the project to gain attention.
Through Galxe activities, project parties can also learn more about the early development of the project more quickly, including stress testing and user feedback bugs, etc., thereby helping the project party develop better-use products. Some activities can also deepen the impression and status of the project party in the hearts of community users, reducing a lot of difficulty for later publicity.
The project party pays GAL to obtain information about project technology and community from the Galxe platform. This will better help the growth of start-up projects, and the value of GAL tokens will be further improved, and the currency price will also increase. There will be benefits. For community users, participating in project interactions and community activities can also obtain potential airdrops and point rewards, thus forming a win-win situation.
Blockchain and Web3 are not just places for investment or speculation. Although the bull market can attract a large number of speculators speculating on coins, there will be many people with outstanding vision in every bull market. of people are willing to stay, and this is also the seed for the next round of bull market. Of course, the market can also bring due returns to these layout makers.
Similarly, Galxe also plays a key role as a bridge between project parties and user investors. The decentralized community is not just a few A chat group or simple voting or feature development is a combination of these things. Galxe caters to this demand and can bring more power to the industry in this track.
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