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Introducing Project Galaxy (GAL) on Binance Launchpool! Farm GAL By Staking BNB, BUSD and CAKE | Binance Support

Introducing Project Galaxy (GAL) on Binance Launchpool! Farm GAL By Staking BNB, BUSD and CAKE

Binance is excited to announce the 30th project on Binance Launchpool – Project Galaxy (GAL) , a Web3 credential data network.

Users will be able to stake their BNB, BUSD and CAKE into separate pools to farm GAL tokens over 30 days, with farming starting from 2022-04-29 00:00 AM (UTC).

Binance will then list GAL into the innovation zone at 2022-05-05 12:00 PM (UTC) and open trading with GAL/BTC, GAL/BNB, GAL/BUSD and GAL/USDT trading pairs.

GAL Launchpool Details:

  • Token Name: Project Galaxy (GAL)
  • Total Token Supply: 200,000,000 GAL
  • Launchpool Token Rewards: 3,000,000 GAL (1.5% of total token supply)
  • Initial Circulating Supply: 35,161,333 GAL (17.58% of total token supply)
  • Smart Contract Address: GAL ( ERC-20 ); GAL ( BEP-20 )
  • Staking Terms: No upper limit. KYC required

Supported Pools:

  • Stake BNB : 2,100,000 GAL in rewards (70%)
  • Stake CAKE : 600,000 GAL in rewards (20%)
  • Stake BUSD : 300,000 GAL in rewards (10%)
  • Farming Period: 2022-04-29 00:00 AM (UTC) to 2022-05-28 11:59 PM (UTC).

GAL Farming Distribution

Dates (00:00:00 – 23:59:59 UTC each day) Total Daily Rewards (GAL) BNB Pool Daily Rewards (GAL) CAKE Pool Daily Rewards (GAL) BUSD Pool Daily Rewards (GAL)
2022-04-29 – 2022-05-05 214,285.71 150,000.00 42,857.14 21,428.57
2022-05-06 – 2022-05-28 65,217.39 45,652.17 13,043.48 6,521.74

Read about Project Galaxy (GAL) in our research report here .
Please note:

  • Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
  • Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
  • Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
  • Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
  • Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
  • Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
  • BNB staked into Launchpool will still provide users with the standard benefits for holding BNB , such as airdrops, Launchpad eligibility and VIP benefits.

Please note that Binance Labs has an investment interest in Project Galaxy.
Project Links
Whitepaper: https://docs.galaxy.eco/

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

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