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Empowering Web3: Galxe’s 500K ARB STIP Grant Unleashes a Wave of Opportunity | by Galxe | Medium

Empowering Web3: Galxe’s 500K ARB STIP Grant Unleashes a Wave of Opportunity

At Galxe, our commitment to fostering growth and vitality of the Web3 ecosystem takes a giant leap forward with the exciting news of securing a $500,000 ARB grant from Arbitrum STIP!

For those unfamiliar, ARB STIP, or Arbitrum Short-Term Incentive Program, is a community grants initiative set to distribute 50 million ARB tokens to whitelisted projects. This injection of resources isn’t just a windfall for us at Galxe; it’s a strategic move to catalyze growth across the broader Web3 ecosystem.

Fueling Innovation and Community Building

Galxe envisions a future where collaboration, innovation, and community building form the bedrock of Web3. The ARB STIP grant isn’t just a financial boon; it’s a powerful tool we’re wielding to propel the entire ecosystem forward. We believe that collective growth is the essence of a thriving community.

To actualize this vision, we’re introducing Galxe’s Arbitrum STIP Blast, a dynamic initiative designed to provide a platform for Web3 projects to flourish in the Arbitrum ecosystem. The Campaign will break into 3 rounds, running through Jan. 31st, 2024.

And here’s a glimpse into the mechanics:

In Round 1, we’re allocating up to $135K USD to support up to 27 participating projects. Each project will receive a minimum allocation of $5,000, but the sky’s the limit. The more projects committed to this round, the higher the ARB allocation potential.

  • Fostering Competition and Collaboration

Participating projects then dive into a friendly competition by launching their own Token Rewards Campaigns on Galxe. Allocation in Round 2 and Round 3 will be proportional to the number of on-chain transactions each project generates in the previous round. It’s a chance for projects to showcase their vibrancy and impact.

It’s worth noting that Arbitrum STIP Blast will join forces with Dopex and run parallel with their initiative Arbitrum Frontier. Galxe will be distributing our ARB STIP subsidy to each participating project an additional $5,000 USD in ARB, on top of the tokens each project is already committed to their Token Reward Campaign.

Join Us on This Journey

Galxe isn’t just a platform; it’s a philosophy that champions community, collaboration, and the relentless pursuit of innovation. The ARB STIP grant is our way of giving back, of saying, “Your success is our success.” By fostering a culture of collaboration and providing tangible support, we aim to elevate the entire Web3 space.

To all Web3 projects out there, this is an invitation to join us on this exciting journey. Let’s collectively push the boundaries of what’s possible in the decentralized realm. Together, we’ll create a legacy of innovation, collaboration, and empowerment.

Let’s build the future of Web3 together!

About Galxe

Galxe is the leading platform for building web3 community. With over 13 million unique users to date, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 4000 partners with reward-based loyalty programs. Start your campaign today at galxe.com!

Your Web3 Community is Waiting

For developers & NFT artists who are interested in working with Galxe’s partner network, join our Discord community and learn more.

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