Binance Launches 30th New Token Mining for Project Galaxy (GAL) Using BNB, BUSD, and CAKE

·

Project Galaxy (GAL) has officially been introduced as the 30th new token mining project on Binance Launchpad, marking a significant milestone for the Web3 credential data network. This initiative allows users to participate in GAL token mining by staking BNB, BUSD, or CAKE, offering early access to GAL before its official listing. With GAL set to launch on Binance’s Innovation Zone and multiple trading pairs becoming available, this presents a timely opportunity for crypto enthusiasts to engage with an emerging player in decentralized identity and credential infrastructure.

The mining event spans 30 days, beginning April 29, 2022, and concludes on May 29, 2022 (East Asia Time). A total of 3,000,000 GAL tokens are available for mining—representing 1.5% of the overall 200,000,000 GAL supply. This carefully structured rollout supports gradual distribution while incentivizing early participation across multiple asset pools.

Understanding Project Galaxy (GAL)

Project Galaxy is a Web3 credential data network that empowers developers and communities to build reputation systems, targeted airdrops, and gated experiences using on-chain and off-chain credentials. By aggregating user achievements from various protocols and platforms, GAL enables trustless verification of digital identities—paving the way for more personalized and secure interactions in decentralized applications.

With growing adoption across NFT projects, DAOs, and DeFi platforms, GAL is positioned at the intersection of identity, data ownership, and community engagement. Its integration into Binance Launchpad highlights the exchange's confidence in GAL’s long-term utility and ecosystem potential.

👉 Discover how GAL is shaping the future of Web3 identity and unlock new opportunities today.

Tokenomics and Distribution Overview

The absence of an individual mining cap encourages broader participation, while mandatory KYC ensures compliance and security. The dual-chain support (Ethereum and Binance Smart Chain) enhances accessibility and interoperability across ecosystems.

Mining Pool Structure and Allocation

Binance has allocated the 3 million GAL mining rewards across three distinct pools:

This tiered structure reflects BNB’s central role in the Binance ecosystem while also accommodating stablecoin and alternative yield-seeking participants.

Mining Timeline

Mining operates over a full month, giving users ample time to adjust strategies based on real-time yield data.

Daily Mining Quotas

To balance early rush and sustained participation, Binance implemented a two-phase daily allocation model:

Phase 1: High-Yield Period (April 29 – May 5)

This initial week offers significantly higher daily rewards to incentivize early commitment.

Phase 2: Sustained Yield Period (May 6 – May 28)

After the first week, daily yields decrease to extend participation over the remaining three weeks.

Note: Daily cycles follow UTC time (00:00–23:59), equivalent to UTC+8 from 08:00 to next day 07:59.

How the Mining Mechanism Works

Binance employs a transparent and dynamic reward calculation system:

Each pool calculates annualized returns independently, allowing users to optimize allocations based on changing yields.

Trading Launch Details

Binance Innovation Zone will list Project Galaxy (GAL) on May 5, 2022, at 20:00 (UTC+8). Upon listing, the following trading pairs will go live:

This multi-market launch enhances liquidity options and provides immediate exit or reinvestment pathways for miners.

👉 Stay ahead of new listings and maximize your trading potential with real-time market insights.

Core Keywords for SEO Optimization

To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout the article:

These terms reflect common queries from users interested in emerging crypto projects, staking opportunities, and exchange-specific launchpads.

Frequently Asked Questions (FAQ)

What is Project Galaxy (GAL)?

Project Galaxy is a Web3 credential data platform that enables developers to create reputation-based systems using verified on-chain and off-chain user data. It powers targeted airdrops, gated NFT mints, and community engagement tools across decentralized ecosystems.

How do I participate in GAL mining on Binance?

To join, log in to your Binance account, navigate to Launchpad, select the GAL mining event, choose your preferred asset (BNB, BUSD, or CAKE), and deposit funds into the corresponding pool. Rewards accrue hourly and can be claimed anytime during the mining period.

Is there a minimum or maximum amount I can stake?

There is no maximum cap per user. While official minimums aren't specified, small deposits may yield negligible returns due to proportional distribution mechanics.

When will I receive my GAL tokens?

Rewards are calculated hourly and can be manually claimed to your spot wallet at any time. Any remaining balance is automatically transferred upon mining completion.

Does staking BNB affect my VIP level or other benefits?

No—BNB staked in the mining pool continues to contribute to your overall BNB holdings for VIP tier determination, airdrop eligibility, and other platform benefits.

Can I switch between mining pools?

Yes. You can redeem your assets from one pool and redeploy them into another at any time. However, only one asset can be staked per pool per user (“no dual mining” rule applies).

Final Thoughts

The inclusion of Project Galaxy in Binance’s 30th Launchpad event underscores the rising importance of digital identity and credentialing in Web3. As decentralized applications demand more sophisticated user verification methods, GAL stands out as a foundational layer for trustless reputation systems.

For investors and early adopters, this mining opportunity offers not just potential financial upside but also a chance to engage with a protocol shaping the next generation of internet identity.

👉 Get started now and explore how GAL is redefining digital credentials in the decentralized world.