Galaxis Enhances Online Web3 Community Building with Dual Staking Programs

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Galaxis Unveils Two New Staking Initiatives to Empower Community Voices

Galaxis, a Web3 platform for creators, celebrities, and brands to build and maintain “unstoppable communities,” has introduced two new staking initiatives that promise to transform how members participate in and benefit from their digital communities.

Empowering Community Voices through Governance Staking

Galaxis’ newly launched Governance Staking program places decision-making power in the hands of community members, while incentivizing participation. By staking as few as 100 GALAXIS tokens on any Primary Membership Card, members gain the ability to directly influence the platform’s evolution through voting rights.

The program takes a novel approach to voting power calculation. Using a square root model that ensures fair representation, the system calculates voting power based on the lowest GALAXIS balance held during the voting period. A stake of 100 GALAXIS tokens, for example, translates to a voting power of 10, while 10,000 tokens yield a voting power of 100. This system aims to prevent excessive influence from larger token holders while still recognizing their increased stake in the ecosystem.

FAQs

• What is Governance Staking?
  Galaxis’ Governance Staking program allows community members to participate in decision-making and influence the platform’s evolution through voting rights.
• How do I participate in Governance Staking?
  To participate, you can stake as few as 100 GALAXIS tokens on any Primary Membership Card. This will grant you voting rights and the ability to influence the platform’s evolution.
• What is the voting power calculation model used in Governance Staking?
  The program uses a square root model that ensures fair representation, calculating voting power based on the lowest GALAXIS balance held during the voting period.
• How do I earn rewards through Governance Staking?
  Each month, 3 million GALAXIS tokens are distributed among active voters, creating a continuous incentive for engagement. For those committed to long-term participation, a loyalty pool of 10,000 USDT awaits members who maintain consistent staking and voting activity over six months.

Conclusion

Galaxis’ Governance Staking program and Engine Superlock initiative are designed to empower community voices and foster a more inclusive and engaging ecosystem. By participating in these initiatives, members can directly influence the platform’s evolution, earn rewards, and strengthen their position within the community. With these innovative programs, Galaxis is poised to revolutionize the way communities interact and participate in digital spaces.