Galaxis, the NFT platform, announced a new service this week that aims to serve as a decentralized backbone, empowering holders to earn the project’s token while mining and distributing essential launch keys.
Called Galaxis Engines, the feature provides a mechanism for holders to earn Galaxis’ token GLX, which contributes to the growth of the project’s economy. Engines also distribute launch keys, essential for creators on the Galaxis platform to access and utilise the platform’s features. With a total of 50 000 available, engines generate value for their holders since day one.
To own a Galaxis Engine, users need an invitation code from users already on the Galaxis platform.
“Our main goal with Galaxis Engines is to provide maximum value for our existing and future communities and creators, enabling enhanced gamification and engagement on the Galaxis platform,” says Andras Kristof, CEO of Galaxis. “Galaxis allows anyone with a community to create their NFTs, add utilities to it – and start utilizing them to engage with their audience, and the introduction of Engines adds further value to the envisioned business model.”
The launch of Galaxis Engines – one of its many features after StickerBooks, Ether Cards and more – comes shortly after the positive news of Bitcoin Spot ETF approvals in the US.
Galaxis Engines allows Engine Operators to periodically mint launch keys and distribute them and receive royalties while earning GLX token rewards based on their performance and staking them for staking-pool rewards.
“This economic model encourages both supporting the platform and active participation in the ecosystem, highlighting how users can benefit from the platform’s growth, not just through an initial purchase but also through engaging within Galaxis communities,” said Kristof.
The Engines are also ‘upgradable’ with various traits and functionalities, enhancing the holder’s overall experience on the Galaxis platform while generating more incentives through them.
Over the past year or two, Galaxis has been building a platform that allows anyone with a community to create their own ‘membership cards’ or NFTs, which can act as a subscription to that creator, almost holding the identity and value of the community, serving as a symbol of belonging for its members. Every entity, from global tech giants to individual artists, can create a space within Galaxis.
The company has recently been involved as the ‘tech stack’ behind many celebrities such as former heavyweight boxer Mike Tyson, DJ and music producer Steve Aoki, and NBA superstar LaMelo Ball.
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