The Galaxis economic model, with its emphasis on decentralization and transparency, benefits both community members and creators. The model's envisaged decentralization ensures that economies of different communities will stay separate and independent, and the transparency within a community will facilitate more engaged and active members, enhancing the overall value of the ecosystem.
Additionally, the envisaged customizable economic structure empowers creators and users with more control and direct rewards for their contributions, fostering innovation and sustained growth.
Communities operate as independent economic hubs within Galaxis, creating a decentralized network of interactions and transactions. Each community has its own unique economy, driven by the activities and contributions of its members.
This feature will not be available at launch, but will be coming soon.
Communities have access to their own exclusive marketplaces within the Galaxis platform.
These marketplaces facilitate safe trading of community-specific assets, NFTs, and other digital goods, contributing to the overall economic activity.
Community members can leverage GALAXIS to unlock functionalities and interact with various features, creating a dynamic and utility-driven economy. The utility of the GALAXIS will evolve as the platform grows.
Every community on the Galaxis platform can have its own independent community economy. The funds are controlled exclusively by the community owner (and potentially by the community members). Neither Galaxis nor any other third parties have access to these funds.
The community economy is integrated with all components of the platform. It is mainly concerned about:
It is also managing:
The central part of the community economy is the Community Treasury
The Community Treasury is the core component of your community's economy.
The community treasury is a dynamic entity that is constantly replenished by grants, vault purchases, and royalty fees. This perpetual refilling mechanism, when coupled with effective governance, can foster stable community growth and provide sustainable financial support for the project and/or community owner.
The envisioned locking of GALAXIS within the Galaxis ecosystem is a strategic and rewarding mechanism that enhances community engagement and participation.
The mechanism is part of the Galaxis Community Grants , where Community members will have the option to lock GALAXIS tokens, showcasing their commitment and support for their respective communities or to Galaxis as a platform. This feature involves locking a certain amount of GALAXIS tokens in a dedicated locking pool.
A portion of the rewards pool, which is connected to locking, will be distributed among communities based on their locking performance and position on the leaderboard. Communities with higher locking values and active participation will receive a more significant share of the rewards.
Members can strategically lock GALAXIS not only to support their communities but also to gain access to exclusive benefits and perks. Lockers may enjoy advantages such as increased voting power, early access to community features, and participation in decision-making processes.
The envisioned locking in Galaxis is designed to be an inclusive feature, encouraging broad participation and ensuring that communities of all sizes can soon benefit from this dynamic and rewarding mechanism. Stay tuned for the upcoming launch of locking, as we continue to foster a thriving and engaged Galaxis community.