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Galxe Review: What is the Actual Purpose of Galxe?

Galxe Review

Imagine a questing platform that not only rewards your quest-solving skills but also elevates the experience with cutting-edge features, such as a groundbreaking digital ID tailored for the Web3 world. That’s precisely what we’ll be looking into in this Galxe review.

I’ve dropped a hint about what is Galxe (previously Project Galaxy), so I won’t go into specifics just yet. Just know that it transcends the typical questing platform. Much like BitDegree serves as a comprehensive learning hub with questing features, Galxe emerges as a sophisticated credential network that extends far beyond the realm of quests.

However, BitDegree’s Web3 Exam and Missions provide a gamified and incentivized learning experience for those who want to learn about all the intricacies of Web3. Galxe, on the other hand, is more for those who want to familiarize themselves with new or already established Web3 projects.

Is Galxe legit, though? What is the actual purpose of Galxe? Let’s answer these and many other questions.

Verdict at a glance: Galxe is a questing platform that goes beyond the ordinary, also offering other features like credentials, Galxe ID, and even developer-friendly Oracle application modules. However, the heart of Galxe still lies in its incentivized quests, providing a diverse array crafted by various Web3 projects. It even has some educational quests for newcomers. Though, several Galxe reviews claim that the platform might be a tad confusing.

Pros

  • Community-oriented
  • Galxe ID
  • A separate, dedicated protocol
  • Educational quests available

Cons

  • Might be a bit tricky to navigate for beginners

Table of Contents

  • 1. What is Galxe?
  • 2. Galxe Review: PROS
  • 2.1. Popular and Upcoming Communities
  • 2.2. From Community Engagement to Education
  • 2.3. Tokens, NFTs, OATs, Discord Roles, and More
  • 2.4. More Than Just A Questing Platform
  • 3. Galxe Review: CONS
  • 3.1. More Features, More Confusion
  • 4. Galxe VS Alternatives
  • 4.1. Galxe VS BitDegree
  • 4.2. Galxe VS Zealy
  • 4.3. Galxe VS Layer3
  • 5. Conclusions

What is Galxe?

If you’ve read other Galxe reviews, you might have noticed it being described in several ways – a crypto project focused on building communities, a blockchain protocol, a Web3 platform that creates an open credential data network, or the everything app for the Web3 space.

So, what is Galxe, exactly? Well, apart from the “everything app”, I’d say it’s all of the above. Though, this answer doesn’t make it less confusing, right? Let’s simplify things:

  • Quest Platform. For one, Galxe is a questing platform where various Web3 projects can create communities and incentivized quests or the so-called “campaigns”. The campaigns attract new members to their communities, while the members can earn some lucrative rewards for simply completing tasks.
  • Credential Data Network. Secondly, Galxe creates a collaborative credential data network that allows users to own, manage, and share verifiable credentials.
  • Protocol. Lastly, Galxe is a zero-knowledge-proof-powered protocol that acts as a permissionless self-sovereign identity infrastructure. It provides developers with Oracle application modules and APIs for integrating credentials into their products.

Now, note that I will mostly focus on Galxe as a questing platform. Though, I’ll also tell you a bit more about its other features later in this Galxe review, too. That said, let’s try to figure out what is the purpose of Galxe together.

Galxe Review: PROS

There are many ways one can analyze Galxe features. Yet, my approach typically involves reviewing platforms through their advantages and disadvantages. So, let’s do just that in this Galxe review, beginning on a positive note.

Popular and Upcoming Communities

I’d say that building Web3 communities is the primary purpose of Galxe. After all, once you go to its homepage, the first thing you’ll see is an encouragement for users to earn by contributing to said communities.

These communities are referred to as “Spaces,” and there already are over 3 thousand Spaces, including BitDegree, BNB Chain, Avax, and others.

What is the exact purpose of Galxe in Space creation?

It simply acts as a mediator between Spaces and new users. Spaces are provided with a permissionless launchpad for creating campaigns, while users are provided with a place where they can find thousands of campaigns that offer various rewards.

To become a part of a Space, you just need to follow the one you want to join and participate in their campaigns. Each campaign might include different tasks and offer different rewards, but I’ll talk about them later in this Galxe review.

Now, suppose you’re wondering how to use Galxe to build your own Space. In that case, you first need to fill out an application, describing your project / community and providing your social media links. There are a few requirements set in place, though, which means that not everyone can create a Space on Galxe:

  • Your X (formerly Twitter) account must have at least 200 followers;
  • You must deposit 300 GAL or provide an Invite Code;
  • You must add an email address to your Space and verify it.

Upon completing these steps, your account will undergo automatic approval. The requirement for projects to meet a specific threshold before creating a Space effectively addresses the question, “Is Galxe legit?” – it seems that it is.

While we’re on the topic of Spaces, do note that Galxe offers a tiered program for them. Advancing to higher tiers involves completing tasks such as gaining a specific number of followers or attracting participants to campaigns. However, the program operates in seasons, leading to potential changes in tasks and benefits.

Speaking of benefits, higher Space levels get more Gas Station credits, campaign boosts, and even primary access to beta features.

Galxe review: Space tier program.

What on earth are Gas Station credits? No, they’re not credits that will cover your car fuel expenses. The Gas Station on Galxe is a pretty nifty feature that can help Spaces reach higher campaign completion rates.

You see, even though there are no Galxe fees when it comes to taking quests, users often encounter gas fees (also known as network fees) when claiming their well-earned NFTs or tokens. This is simply the case because all actions on the blockchain incur such fees.

With Gas Station credits, however, Spaces can cover the fees for their campaign participants, improving their experience and increasing participation.

That said, it’s worth noting that not all Spaces do that. For example, when it comes to the campaigns I personally participated in, I had to cover my own gas fees. Though, these fees usually cost just a couple of pennies.

Now, let’s proceed with this Galxe review exploring the tasks offered in campaigns.

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From Community Engagement to Education

I’d say that the majority of tasks that appear in Galxe campaigns are pretty much the standard for questing platforms.

The most popular tasks are those that include community engagement interactions, such as sharing something on social media, participating in virtual events, engaging in discussions, and so on. This type of tasks is the most important for the growth of communities, and it’s also the most effortless to complete for campaign participants.

Another type of tasks that is very common on Galxe is those that ask participants to complete specific actions on the platform in question. For example, if it’s an exchange, you might need to make some trades on it. If it’s an educational platform, you might need to check out its learning material. Basically, you can be asked to use a platform in any way, with the aim of getting familiar with it.

Galxe review: example of a task that asks to visit the platform in question.

Then, there are also those tasks that might ask you to complete certain on-chain actions. This could include making transactions on a specific blockchain, swapping tokens, or acquiring NFTs. I think these are the most intimidating tasks for questers because they might involve spending actual money.

Lastly, there are tasks that can include educational material and quizzes. Though, this is the least common type on Galxe because communities are usually focused on introducing campaign participants to their products rather than teaching them something about the Web3 space as a whole. If you actually want to learn, you should check out BitDegree’s Web3 Exam and Missions.

However, Galxe itself encourages learning, which is why it released a campaign collection called “Mission Web3”. It is somewhat similar to what BitDegree offers in that its participants earn rewards by learning about Web3 and completing quizzes to test their knowledge.

Galxe review: Mission Web3.

By the way, campaign collections are like events that are made up of several campaigns, providing participants with more tasks and, naturally, more rewards.

The last thing you need to know about campaigns is that some might have participation requirements. For example, you might need to be a new user to participate, or you might need to have already completed several campaigns made by the same Space.

Now that you know all about tasks, let’s get to the most exciting part of this Galxe review – rewards.

Tokens, NFTs, OATs, Discord Roles, and More

Let’s be frank, once you see that you can get valuable rewards for doing something, your interest rises exponentially (at least, I know that’s the case for me). So, if you’re after quests because you want to get some freebies, Galxe is a pretty good choice as it offers a variety of rewards:

  • Loyalty Points. Untransferable points that increase your standing in a Space. By accumulating more points, you’ll raise your rank in the leaderboard and might even get some custom rewards.
  • Tokens. Pretty self-explanatory – you can claim some tokens for completing tasks. Could be USDC, MATIC, GAL, or any other.
  • OAT (On-chain Achievement Tokens). A digital badge standard that records on-chain life experiences. In other words, it’s a sort of an NFT badge or on-chain credential that proves you’ve completed certain actions. They might later be used as tickets, making you eligible for airdrops or other exclusive events.

Galxe review: an OAT example.

  • Custom Rewards . Projects can also offer custom rewards, this way having the possibility to set more unique parameters and conditions. Custom rewards could include whitelist spots, soulbound tokens, XP points on some games, and whatnot.
  • Discord Roles. You can get various roles on Discord – Novice, Captain, Officer, Major, you name it. There’s not much more to explain here.
  • Mintlist. Also known as an NFT Allowlist. It’s like an invitation or a ticket to an exclusive NFT sale or auction.
  • NFTs. You also have the opportunity to acquire unique NFTs that may not be accessible through any other means. These one-of-a-kind non-fungible tokens offer a distinctive and exclusive ownership experience, adding an extra layer of rarity and value to your collection.

Galxe review: An NFT example – BitDegree

Of course, keep in mind that each campaign might offer different rewards; it all depends on the Space that created the quest. Besides, one campaign can have multiple rewards.

Now, there are two ways the rewards can be distributed: FCFS (First Come, First Served) or Raffle. FCFS means that, as long as there are available rewards, you’ll be able to claim them immediately after completing a campaign. Raffle, though, is just like a “lucky draw” where winners are selected at random.

The last thing you need to know about rewards is related to Galxe pricing. Or, to be more precise, the aforementioned gas fees. As you already know, to claim tokens or NFTs, you’ll need to pay gas fees. However, there is this feature called Smart Balance.

Galxe review: Smart Balance.

Smart Balance is sort of a smart wallet that simplifies your experience on Galxe and reduces gas fees. You just need to top it up with some crypto, like GAL, USDT, USDC, ETH, BNB, or MATIC, and then you can use it to cover any network fees on Galxe.

Just note that topping up Smart Balance incurs Galxe fees – 10% of the gas fee when making non-GAL deposits or 5% of the gas fee when making GAL deposits.

That’s pretty much all the basics you need to know about Galxe rewards. Now, let’s talk about other Galxe features.

More Than Just A Questing Platform

So far, in this Galxe review, I’ve covered Galxe as a quest platform. However, as you already know, it’s much more than that.

For instance, a pretty important Galxe feature is its credential network. Simply put, credentials are records of digital activities. There can be various types of off-chain and on-chain credentials, including Discord credentials, X credentials, Telegram credentials, and so on.

What are these credentials used for? Well, for instance, they are used when making campaigns on Galxe. Let’s say you ask a participant to like a post on X. So, you add an X Like credential, which will track the user’s actions and prove whether they liked the post or not.

Galxe review: credentials.

Of course, credentials can also be used outside Galxe campaigns. Maybe you need to check when (and if) a user joined your Discord channel – Galaxy credentials can be used to do that. Basically, credentials are like a filtering system that aids projects when they want to reward their communities, calculate credit scores, build voting systems, and so on.

Though, there are even more possible use cases for them in the future. For example, some argue that blockchain-backed educational credentials have the potential to directly impact an individual’s employability [1] . How? Well, the broader range of experiences collected from various sources during a student’s journey could be proven using credentials.

However, enough about credentials. If you’ve read other Galxe reviews, you’ve probably noticed the term “Galxe ID” mentioned once or twice. How does Galxe ID work and what is it, in the first place?

Galxe review: Galxe ID.

Put briefly, Galxe ID is a universal identifier that is tied to your wallet address. It allows you to showcase your accomplishments and qualifications, including your credentials and NFTs, points or OATs claimed during Galxe campaigns.

So, in a way, it works like your national identification number, which can be used to access various types of information about you, just on the blockchain.

Then, there’s also the Galxe Web3 Score, which is a numerical representation of your activity and reputation within the Web3 ecosystem. It’s calculated based on various factors such as transaction history, engagement in dApps, and participation in the broader blockchain community.

It has 5 sub-scores, including experience, fame, assets, expertise, and humanity. Besides, the Web3 Score is dynamic, changing based on your ongoing activities and contributions to the ecosystem. So, basically, it’s somewhat like a credit score.

Just note that while there’s no Web3 Score minting fee, you will have to pay a subscription fee (5 USDT).

Galxe review: Galxe Web3 Score.

Furthermore, there is the Galxe Passport, which is not the same as the Galxe ID. Instead of showcasing your achievements, it stores your identity information. Thus, the main use case of the Galxe Passport is the hassle-free verification of your identity across various Web3 applications.

How to use Galxe to get it? You simply need to mint it. However, you’ll need to verify your identity using your driver’s license, state identification, or international passport. Once you do that, you’ll receive the Galxe Passport Soulbound Token in your wallet. Since the token is untransferable, it provides you with extra security from Sybil attacks.

Galxe review: Galxe Passport.

How is user data stored in Galxe Passport, and is Galxe safe, in the first place?

It seems that Galxe is quite safe. The data on the Galxe Passport is encrypted with a password and stored in an off-chain vault, so no one can access it without your permission. This also means that the data belongs only to you – neither Galxe nor any other platform can access it without your permission.

Now, the last big part of the ecosystem that’s highly discussed in many Galxe reviews is the GAL token. While not delving into exhaustive details, it’s worth noting that GAL mostly serves two purposes: it acts as a governance token and a payment method.

When it comes to governance, GAL provides holders with voting rights in the Galxe DAO. As for being a payment method, you already know that it can be used to top up your Smart Balance. In addition to that, though, GAL is used to cover Galxe pricing for using the credential network, Oracle application models, and APIs.

That said, let’s proceed to the less cheerful part of this Galxe review.

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