Deep Dive into Galaxis Engines
So Galaxis nodes are selling out at their low price fast, and I thought to write this article before the price goes up. Until Galaxis sells its 10000th "engine," $777 gets you in on what could be the most profitable gaming adjacent project in web3.
A new Galaxis interview over on the Dr. Wookiee Youtube (he's one of the few influencoors I trust) brought us major alpha: The Galaxis program is going live in March along with their token. So there isn't much time to preload your bags before the flywheel starts churning. Let's get into what Galaxis is and why I think it's actually a good play this bull run if you're into crypto gaming.
What is Galaxis?
Web3 gaming is all about community. If you're pre-mining tokens in an alpha or farming in-game to boost your NFT, referral actions are always the best rewarded. If you want to get rich in web3 gaming, you come in with a community.
But what if you're just not a community organizer?
You could hire one for a few thousand dollars per month to get a community together for you. You'd also be paying for the giveaways they'd use to draw attention (and the skim they'll take off the top). Oh yeah — once they are there in your Discord or whatever, you have to keep them! This is another set of negotiations and techniques, and if that isn't your strong point, you're more likely to make people mad and waste money than you are to build a strong community.
Enter Galaxis.
Galaxis is the one-stop tool to make community easy. As someone who needs Galaxis as a platform more than an investment, let me tell you why it appeals to me:
1️⃣ No Code Platforming
My biggest bottleneck in community building has always been creating the online platform itself. As much as I'd like to be, I'm not a coder right now! The biggest thing that brought me into Galaxis was the promise of no-code platforming. I can give my community an online hub and digital collectibles that actually work and look good — without the need to pay very expensive developers.
2️⃣ Built-in Membership System
Galaxis promises to provide template systems that community creators can utilize as they see fit. For example, you cane easily create a dynamic membership collection with traits that change and upgrade over time and through activity. Those memberships can also activate purchasing power that "even extend into the physical world" according to the Galaxis Wiki.
Galaxis systems include membership cards, utility traits, vaults, engagement features and leaderboards built in. You also get your own community marketplace.
3️⃣ Easy Economy Setup
You can build a custom economy for your community in Galaxis. The page in the Wiki that explains their dual token system is down as I write this, but hopefully we'll see that come back soon. However, I know if they come through on this promise I'll be thanking them for saving me the hours it takes to come up with my own economy.
Investing in Nodes
You can also invest in the Galaxis project through nodes. The first 10,000 will cost $777 before moving up to $999 after that and receiving a $10 increase for every 200 nodes sold. There will only be 50,000 nodes ever sold.
Nodes will mine and distribute the Launch Keys for Galaxis Creators. Similar to nodes from other gaming platforms like Gala and Myria, Galaxis nodes earn the $GLX token for helping to maintain the DePIN network. $GLX is set to launch in March at a price of $0.02. Currently, each node earns about $7.40/day at that price.
The per diem for each node will likely go down as more nodes are purchased. In most cases, node owners receive ROI and profit from building up a store of the mined token until the platform itself becomes more profitable and speculators purchase the token outside of it being mined. This has been a winning strategy for Gala, Myria, Presearch, Flux and many other node platforms.
Thoughts on Profitability
Galaxis will succeed if it attracts enough creators to build out communities using its platform. However, this is not the metric I use when determining how profitable a node purchase will be for me. I am interested solely in a platform's ability to market itself to a wide enough audience to attract speculators.
I am completely unsure if creators who move the needle for a platform will need something like Galaxis in order to create a community. I am sure, however, if a company has the wherewithal and the financial runway to market enough to make people think it can accomplish its goals. Once I have my capital back, I can function much more happily as a community member working with other Galaxis community members to grow the platform.
I do believe Galaxis has enough hype behind it to get me to my ROI. They recently accepted an invitation to Coinmarketcap's Accelerator Program and they present well in interviews. The team has also done big collaborations (and trust me, that is the least important thing I look at) with Mike Tyson and the NBA. The hype train will pay for the investment back, then I can focus on building my community and helping others build theirs.
But as with any crypto project, your best chance of ROI is getting in early.
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