Project Galaxy (GAL) on Binance Launchpool

Binance has now launched the 30th new coin mining project – Project Galaxy (GAL), a Web3 credential data network.

Users can put BNB, BUSD, and CAKE into the GAL mining pool on the Launchpad website after 08:00 on April 29, 2022 (East 8th District time), and GAL can be mined for a total of 30 days.

Binance Innovation Zone will list Project Galaxy (GAL) at 20:00 on May 05, 2022 (East 8th District time), and open GAL/BTC, GAL/BNB, GAL/BUSD, GAL/USDT trading markets.

  • Token Name: Project Galaxy (GAL)
  • Total Tokens: 200,000,000 GAL
  • Initial circulation: 35,161,333 GAL (17.58% of total tokens)
  • Total Mining: 3,000,000 GAL (1.5% of total tokens)
  • Research Report: Project Galaxy (GAL)
  • Smart Contracts: GAL (ERC-20); GAL (BEP-20)
  • Restrictions: No mining cap, KYC required

Go to Binance Official Website

Mining Pool:

  • BNB mining pool: A total of 2,100,000 GAL (70%) can be mined
  • CAKE mining pool: a total of 600,000 GAL (20%) can be mined
  • BUSD mining pool: A total of 300,000 GAL (10%) can be mined
  • Mining time: From 08:00 on April 29, 2022 to 07:59 on May 29, 2022, East Eighth District time

Go to Binance Official Website

Mining quota stage allocation

Dates (00:00:00 – 23:59:59 UTC each day) Total Daily Rewards (GAL) BNB Pool Daily Rewards (GAL) CAKE Pool Daily Rewards (GAL) BUSD Pool Daily Rewards (GAL)
2022-04-29 – 2022-05-05 214,285.71 150,000.00 42,857.14 21,428.57
2022-05-06 – 2022-05-28 65,217.39 45,652.17 13,043.48 6,521.74

The above table uses UTC time every day, and the time in East Eighth District is 08:00:00 am on the current day to 07:59:59 am on the next day.

Binance will take a snapshot of the user’s holdings and the total holdings of the mining pool once an hour, and calculate the mining rewards.

Users can claim the mined tokens (the number of rewards updated every hour) to the spot account at any time.

The annualized income and total holding data of each mining pool will be updated in real time.

Each mining pool calculates the annualized income separately, and users can flexibly allocate tokens to the corresponding mining pools, but do not support multiple mining with one coin.

Users can redeem and transfer tokens from a mining pool to other mining pools at any time.

After all the tokens in the mining pool have been mined, the assets involved in the mining and the tokens that have not been claimed will be automatically returned to the user’s spot account.

The BNB transferred into the mining pool will still enjoy the position statistics of BNB’s standard rights and interests, such as airdrops, Launchpad position statistics, VIP rights and so on.

Go to Binance Official Website