GALAXIA (GXA) is a user-focused token built on the Klaytn network, serving as a payment and reward mechanism for diverse services. Operating on a unified platform, GXA aims to create a sustainable blockchain environment by facilitating quick and transparent NFT trading, alongside financial offerings like STO and DeFi.
As the native utility token, GXA functions in the following ways:
- Serving as a payment and reward tool on the MetaGalaxia NFT Platform
- Acting as a payment and reward instrument on the GALAXIA STO Platform
- Enabling users to earn interest via staking on the GALAXIA DeFi Platform
- Functioning as a payment and reward method in metaverse initiatives like the ‘food metaverse’ and ‘pet metaverse’, created through corporate partnerships
- Providing payment options at online and offline PG merchants under Galaxia Moneytree
Regarding supply, 10 billion GALAXIA tokens were generated at genesis. To foster a healthy ecosystem cycle, 40% of the total supply is allocated for distribution. The initial distribution targets platforms that ensure the smoothest token flow, with specific amounts determined individually for each platform. Another 20% is reserved for rewards tied to affiliate services, such as the MetaGalaxia NFT platform, to enhance token usability. The remaining tokens are designated for development, operations, business collaborations, and marketing efforts.