🔦What the GALAXY token offers

GALAXY token refers to the GALAXY token on the GALAXY network

The GALAXY token is integral to the security, governance, and mechanical functions of the platform. There are three main use cases for the GALAXY token:

Security​

The top 100 nodes validate blocks by a weighted bonded stake in GALAXY tokens. Economic incentives for validators come in the form of earning GALAXY as block rewards and as a portion of the network’s transaction fees. Validators risk losing GALAXY via strict slashing conditions such as failing to ensure high uptime and double signing transactions.

Governance​

GALAXY is used for proposals and voting on critical parameters of the GALAXY Network. This includes but is not limited to the types of supported assets and Dapps, their debt limits, and acceptable assets to use as debt collateral, collateral ratio, fees, and the savings rate for various financial instruments introduced to the network. The GALAXY token is also used to vote in proposals that would affect the GALAXY Network SAFU Fund and treasury allocation, such as reward payouts for incentives programs.

Incentives​

A portion of GALAXY emissions is distributed as incentives for scaling the network. These incentives go directly to top projects on each chain to drive growth, encourage competition, and improve the health of the GALAXY ecosystem.