Previously known as Project Galaxy, Galxe, with its main network asset GAL coin, is a cryptocurrency project focused on empowering Web3 communities by providing tools and solutions to build and grow strong communities. In this article, you can find answers to two frequently asked questions: What is Galxe (GAL) and how to buy Galxe (GAL) with TRY.
What is Galxe (GAL)?
Galxe aims to facilitate community-building efforts for various cryptocurrency projects, including some of the industry’s leading platforms like Optimism, Arbitrum, and Polygon. With over eleven million unique users and partnerships with more than 2,700 projects, Galxe has proven itself as a significant platform for Web3 community development.
The Galxe platform offers a range of solutions, including reward-based loyalty programs, NFT marketplaces, and community engagement initiatives for Web3 communities. The project’s mission is to provide a seamless experience for both community members and project developers, enabling them to collaborate and grow together. Galxe’s platform allows users to earn NFTs, tokens, and other rewards by contributing to their favorite Web3 communities and participating in loyalty programs created using Galxe’s solutions.
Galxe was developed by Bullet Labs, a venture focused on Web3 product development. Bullet Labs, founded by Charles Wayn and Harry Zhang, is headquartered in San Mateo, California. The transition from Project Galaxy to Galxe occurred in September 2022, marking a significant milestone in the project’s evolution.
Galxe offers a range of features and solutions to ensure community growth, increase brand awareness, and improve user retention. These include customized campaigns, credential data networks, and plug-and-play dashboards for creating community programs like Galxe Brain and Galxe Pathfinder. By leveraging Galxe’s solutions, projects can easily launch and manage community-building initiatives without extensive coding or technical expertise.
Galxe’s platform operates on a three-step process that allows projects to select campaign requirements, choose reward types, and seamlessly launch campaigns. Projects can integrate various data sources, track user engagement, and automatically distribute rewards both on-chain and off-chain. With Galxe’s user-friendly interface and comprehensive toolset, projects can effectively drive growth and engagement within their communities.
GAL coin is the main network asset of the Galxe ecosystem, initially launched on the Ethereum Blockchain and later expanded to the BNB Chain. As an ERC-20 standard coin, GAL coin plays a vital role in the Galxe credential data network and is used to reward community members, stake, and access platform features.
How to Buy Galxe (GAL) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Galxe (GAL). Over 100 cryptocurrencies, including MATIC, can be bought and sold on Binance TR, where an account can be quickly created. To buy Galxe (GAL) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, go to the trbinance.com address and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
After entering the requested information completely and accurately, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting to trade cryptocurrencies and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website. Note that you will need your phone even if you choose to verify from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on the “Identity” option first.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that is suitable for you.
After selecting the document type, continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 and transact seamlessly from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 via FAST from other banks. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address and hover over the “Wallet” option at the top left of the main page, then click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information shown on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will be automatically reflected in your wallet in your Binance TR account.
How to Buy GAL Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to GAL coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. From the search section on the right side of this page, type “GAL” and click on the GAL/TRY option from the results to go to the TL to GAL purchase page.
Now the following GAL trading page will open. On this page, in the area marked with a red box, you need to enter the price you want to buy GAL at in the first box and the number of GAL you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy GAL” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
