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GalaxyPad: Looking to Redefine NFT Gaming and the Metaverse

Sponsored • Mar 03, 2022

The last four years have seen interest in NFTs and crypto games increase tremendously. By the end of 2021, the total market cap for NFTs would have jumped from $55 million to over $7 billion. 90% of that growth occurred between August and December of the same year. 



Proof of the importance of blockchain games and NFTs in the crypto space can be seen in how well they have resisted the dip that has affected the crypto market since the beginning of 2022. A recent DappRadar report stated that NFT trading increased by about $1.2 billion between the third and fourth quarter of 2021. According to the report, NFT games now represent 52% of the crypto industry’s usage.


The success of play-to-earn (P2E) gaming models alongside the expanding development of the Metaverse also points to the continued growth of blockchain games throughout 2022. As such, there is a need for adequate infrastructure to help fund and develop the expected surge of NFT games and Metaverse projects. This is the niche GalaxyPad is trying to establish itself in as a one-stop-shop for new GameFi and Metaverse projects to raise funds.


GalaxyPad is a crowdfunding and crypto incubation platform looking to redefine the growing non-fungible token (NFT) gaming and Metaverse space. 


What is GalaxyPad?

GalaxyPad is a decentralized cross-chain platform for launching NFT games and Metaverse projects. The platform aims to provide crypto startups with funding and technical support during their early stages of development.


Most crypto launchpads currently operating are limited to a single blockchain. They also involve a high cost of participation, often exhibit levels of unfairness, and rarely provide support for startups.


GalaxyPad was set up to solve all of these issues. Being a multi-chain platform, GalaxyPad can support projects from across multiple networks. It also offers a measure of fairness by allowing any member of its community to participate in initial DEX offerings (IDOs) and initial gaming offerings (IGOs), regardless of their position in the platform’s tier system.


The platform’s operation model is also built to ensure that all projects in its ecosystem receive adequate support from both the management team and the wider GalaxyPad community.


An Overview of the GalaxyPad Ecosystem

GalaxyPad aims to build an expansive and intuitive ecosystem with various features to support NFT gaming and Metaverse projects. Additionally, GalaxyPad investors can reap massive rewards by purchasing and hodling the platform’s native token, the GalaxyPad (GXPAD).


Here are some of the key features on offer on the GalaxyPad platform:


Launchpad

It is a decentralized crowdfunding feature through which crypto startups can be launched. Through the launchpad, GameFi and Metaverse projects can run IGOs and IDOs. 


Planet Incubation

This feature will allow new crypto projects to access a wide range of resources, including investors, partners, and market influencers, to help them grow their businesses. Through this feature, startups will also receive technical knowledge and expertise from the GalaxyPad team.


Planet Marketplace

This feature will facilitate the exchange of NFT and GameFi projects across multiple networks.


Planet Farming

This system will serve as GalaxyPad’s yield farming platform. Through Planet Farming, investors will stake GXPAD and earn handsome returns.


Galaxy Kingdoms

This is where the GalaxyPad community will get to play state-of-the-art play-to-earn games.


Governance

The team behind GalaxyPad firmly believes that the future of large projects lies in decentralized autonomous organizations (DAOs). As such, the platform’s governance feature has been set up in anticipation of phasing GalaxyPad into a DAO structure soon. In the DAO, community members will create and submit proposals affecting key aspects of the platform, such as fees, platform features, developments, and the treasury.


GalaxyPad Token

GXPAD is the native token powering the GalaxyPad ecosystem. Investors looking to get involved in early startup raises on the platform will be required to use GXPAD. Additionally, rewards and incentives accruing from yield farming will be offered in GXPAD. When GalaxyPad’s DAO model finally comes into force, community members will gain governance rights in the organization by holding GXPAD tokens. Finally, all the requisite platform fees will also be paid in GXPAD.


Tokenomics

GXPAD has a total supply of 100 million. Its initial listing price was $0.055, and its initial market cap was $134,750.


The tokens making up GXPAD’s total supply will be divided in the following manner:

  • 40 million tokens have been earmarked for the GalaxyPad ecosystem.
  • Some 15 million tokens will be used to boost the platform’s liquidity.
  • 10 million tokens reserved for the management team.
  • Five million tokens to the project’s advisors.
  • 10 million tokens will go into marketing activities.
  • Twenty million tokens will be put up for sale. Of this number, 10 million tokens will be offered in a seed round, 7 million will be placed in a private sale, and the remaining 3 million in a public sale.


Roadmap

GalaxyPad is still in the early stages of its development. However, the project is steadily ticking off milestones on its roadmap, split into four broad phases.


The first phase of the GalaxyPad roadmap involved initial research and development work, community building, and the creation of partnerships.


The second phase of the roadmap will see the team develop a product testnet and initiate marketing activities for the project. The team will also look to enter into strategic partnerships with key players both within and outside of the crypto space. After that, the plan is to launch the seed and private sales, the IDO platform, and follow it up with a public sale offering. 


This second phase will come to an end with GalaxyPad listing on a decentralized exchange (DEX) and launching its staking app. GalaxyPad will also initiate its first IDO, and list on a centralized exchange (CEX).

The final phase of the GalaxyPad roadmap will be set off with the development of the platform’s play-to-earn hub. This phase will also see the launch of a mobile version of GalaxyPad. Additionally, the team will look to strike up even more strategic partnerships. This phase will conclude with the launch of an updated version (v.2) of the platform.


Final Thoughts

While still relatively new, the ethos of community anchoring GalaxyPad and its promise of fairness should attract a fair number of investors to it. The platform looks set to provide a fresh new business model in the crowdfunding and incubation spaces. There is huge potential in the GameFi and Metaverse industries, and GalaxyPad should be well-placed to take advantage of the emerging market opportunities.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

THOTIANA Launches Memecoin Presale with BONUS Airdrop Opportunity on Solana Network

By Press Release • 18 May, 2024
THOTIANA , the newest meme coin on the Solana network, has announced the launch of its presale. With a vision of transforming everyday struggles into crypto riches, THOTIANA offers investors a unique opportunity.  The first 250 investors will receive a bonus airdrop at the time of launch. Each $SOL invested equals 15,000 $THOT. The Opening of an Exclusive Presale The presale phase of THOTIANA has begun, promising a fair and generous opportunity for early investors. Those who join the presale benefit from potentially high returns and stand a chance to receive bonus airdrops. The team has allocated some of the funds to a strategic marketing campaign to ensure widespread awareness and adoption. Ambitious Plans for the Future THOTIANA's roadmap is ambitious and well-defined. The project begins with the launch of the official website and the establishment of social media channels. This initial phase sets the stage for building a strong community and providing essential information to potential investors. Following this, the presale and marketing phase takes center stage. THOTIANA promises a fair presale, with significant funds dedicated to a well-planned marketing strategy. This approach aims to attract a wide audience and ensure the success of the presale. The project then moves to allocated liquidity provision. Here, the THOTIANA team will add a substantial liquidity pool to a major decentralized exchange. For this purpose, the team set 15% of the token supply aside. To ensure security, liquidity pool tokens will be locked and burned, preventing any removal of liquidity. Additionally, the project will revoke the mint and freeze functions, further securing the project. As THOTIANA progresses, the smart contract will undergo a full audit, ensuring transparency and trust. The project will then launch on a prominent decentralized exchange, providing the best trading environment and early liquidity for investors. This phase marks a significant milestone, offering a secure and accessible platform for trading $THOT. Finally, the airdrop phase will reward all presale participants. Those who qualify for bonus airdrops will also receive additional tokens. This phase reinforces THOTIANA's commitment to its early supporters and ensures broad token distribution. About THOTIANA THOTIANA addresses a major issue in the crypto world: INFLATION. Unlike other cryptos with infinite supply, $THOT has a fixed supply, ensuring upward pressure on its value. Early investors benefit from a unique opportunity to multiply their investment. Additionally, the team will donate 2% of all funds raised to a charity chosen by the THOTIANA community. The idea of promoting social good alongside financial growth is a strong component of this project’s vision. If you missed the massive gains on $BOME & $SLERF earlier this year, now is your time for potentially 100x gains! Embrace the $THOT life & let your SOL take Thotiana to the MOON! Anyone curious to find out more about THOTIANA can refer to the project's website and the social pages below. X (Twitter) | Telegram

Galaxis Introduces AI-Powered Suite to Revolutionize Community Creation for Creators

By Press Release • 17 May, 2024
Galaxis , a leading platform for creators in the Web3 space, notable for its partnerships with high-profile figures such as Mike Tyson, Steve Aoki, and the NBA, has announced the upcoming launch of its new AI-powered Community Creator suite, designed to streamline and enhance the community creation process on their Membership Card platform. This initiative is designed to enhance the community creation process for creators by leveraging the latest AI technologies.  AI-Powered Suite: Revolutionizing Community Creation The suite introduced by Galaxis in the upcoming period revolutionizes the community creation process. This includes the Galaxis Assistant, a tool that aids creators during the ideation and generation process, offering insights and suggestions to enhance projects and make creativity more accessible and efficient. The assistant also supports creators in designing their membership systems, assisting with determining card benefits, quantities, and more for a seamless operational process. Additionally, the suite incorporates an advanced image generation tool powered by GPT-4o and other models, allowing creators to produce high-quality images and art for their membership cards, thus democratizing the creative process. "We are excited to introduce our AI-powered suite, which underscores our commitment to supporting and empowering creators," said Andras, CEO of Galaxis. "By integrating advanced AI tools, we are not only streamlining the community creation process but also providing creators with the capabilities to produce exceptional work. Our goal is to ensure that every creator can thrive in the Web3 space." Please follow the official Galaxis channels for more updates about the AI-powered suite and how it can enhance your creative process. How It Works The AI-powered suite offers a simplistic yet powerful approach to community creation: It all starts with a chat interface where creators describe their envisioned community. The suite generates assets like logos and other design materials based on the input. Automatically, the community page is populated with relevant content. The logic behind the membership cards, such as benefits, is generated and set. Creators can keep interacting with the assistant to change all the variables, ensuring everything aligns with their vision. Once satisfied, creators simply publish their page and membership collection, making it accessible to their community. Galaxis is committed to improving the creator experience, providing customized guidance to meet each creator's unique needs, all integrated into the platform. It ensures every creator can maximize their potential and achieve their goals. The platform stays ahead of industry trends, constantly developing and integrating advanced AI tools, all accessible and controlled through natural language, making it highly accessible. About Galaxis Galaxis is a pioneering platform dedicated to supporting creators in the Web3 space. Known for its innovative tools and partnerships with high-profile figures such as Mike Tyson, Steve Aoki, and the NBA, Galaxis offers a comprehensive suite of resources designed to empower creators and foster community engagement. With a track record of significant success, including over 64,000 ETH traded in secondary markets and over $9 million USD raised through Galaxis Engines, the platform continues to lead the way in the creator movement. Twitter | Discord

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

By Press Release • 17 May, 2024
Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project's Twitter, where the team labeled the presale investors as 'morons’.  "You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!" reads the tweet from Eddie Seal profile . This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals. The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos. It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon. The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc X (Twitter) | Telegram | Instagram

MAOCAT Unveils Plan to Become the Next Ethereum-based Memecoin to Explode

By Press Release • 17 May, 2024
The MAOCAT project has officially stated its strategy to become the next big thing in Ethereum-based memecoins. With unique features like fixed staking, launchpad, and NFT marketplace, MAOCAT aims to offer a diverse ecosystem for cryptocurrency enthusiasts.  After years of dog domination in the memecoin world, cats finally get to shine with MAOCAT's promising growth potential. The ongoing presale is just the beginning of this ambitious project, with more developments and features to come. How This Team Plans to Launch the Next Big Ethereum-based Memecoin The project's team believes MAOCAT could be the next big Ethereum-based memecoin to explode in popularity and value. Some hints of its potential already exist, such as the outstanding success of its current presale. At the time of this writing, MAOCAT had already sold over 60% of its pre-sale allocation. Considering how fast the team reached this threshold, the growth indicates a high demand for this project. The team's roadmap is divided into different phases. Specifically, Stage 1 includes: The launch of MAOCAT. Staking opportunities for $MAO. The creation of various social media accounts to connect with the community. In Stage 2, users can claim their $MAO tokens and see them listed on exchanges. Additionally, the team aims to expand its presence on bigger and better exchanges while working on game development. The team is also excited to reach the milestone of having 10,000 holders of $MAO. Finally, Stage 3 will see the launch of the highly anticipated MAOCAT game and 10,000 NFTs. These unique NFTs will go live on the popular OpenSea platform and an NFT marketplace created by MAOCAT. The Growing Ecosystem of MAOCAT: From SWAP to Launchpad to NFTs There are four elements that make up the exciting and rapidly expanding ecosystem of MAOCAT. These elements include the MAO CAT NFT collection, an NFT Marketplace on ETH, MAO SWAP (DeFi 2.0), and MAO GAME. The upcoming NFT marketplace will be a platform where users can buy and sell their unique MAO CAT NFTs. With NFTs' growing popularity, MAOCAT aims to provide its users with a seamless and secure marketplace experience. The NFT collection will find its home in this marketplace. This feature will offer NFT holders a range of rarity tiers and unique benefits. Whether owning a rare or legendary MAO CAT NFT, users have multiple ways to be part of this exclusive community. The ecosystem also includes MAO SWAP, a DeFi 2.0 platform allowing efficient and flexible trading through its innovative liquidity mechanism. With MAO SWAP, users can farm and stake their tokens to earn a fixed APR and other rewards. Lastly, the upcoming MAO GAME will offer an interactive gaming experience with collectible NFTs as in-game assets. This particular mix of features goes beyond the typical memecoin project and focuses on token utility. The $MAO token lets users access all ecosystem elements and join various events, creating a great experience for MAOCAT supporters. About MAOCAT At its core, MAOCAT is a project that seeks to contribute to changing the memecoin crypto niche. This sector is often entirely about dogs, which can surprise many, considering how popular cats are on the internet. Beyond the cat-based project, there's a rather large ecosystem in place for the MAOCAT community. This ecosystem will offer its users a range of benefits and opportunities, such as staking, trading, NFTs, and gaming. MAOCAT is gaining popularity and has already sold over 60% of its pre-sale allocation. In more practical terms, early investors bought over $300,000 worth of tokens in this phase. The team behind MAOCAT has a clear roadmap for bringing this project to its full potential. The project's website is a great source for learning about MAOCAT's features and progress. As always, the social pages below let anyone connect with the community and stay updated on all things MAOCAT. X (Twitter) | Telegram | Instagram | YouTube
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