Singapore-based crypto asset exchange Crypto.comhas listed an Ethereum-based altcoin that other exchanges had listed a while ago. The project focuses on developments in the Web3 space. Here is the name of the project that was previously listed on Binance and Coinbase.
Crypto.com recently saw itself as the world’s largest Web3 credential data network. Project Galaxy (GAL) announced the launch of support for
Project Galaxy’s native token, GAL, was launched earlier this month and peaked at $18.32 on May 6. However, the altcoin, which could not maintain those levels, is currently trading around $4.71, down 75%.
GAL is a token designed for governance in the Project Galaxy decentralized autonomous organization (DAO). GAL token holders can set platform fees collected by the protocol, and Project Galaxy Community Treasure They can control the funds held by them.
Leading exchanges like Binance and Coinbase quickly listed Project Galaxy earlier this month, each adding a specific tag to the asset.
To warn investors of potential volatility, Coinbase has also labeled GAL for new projects with lower trading volume, adding a tag titled ‘experimental’ to the project’s page.
Binance, on the other hand, has listed the token in the “Innovation Space,” a dedicated trading space for assets that may be more prone to rapid price fluctuations.
Additionally, KuCoin, which is also known for announcing new projects early, and popular Bahamas-based crypto exchange FTX are among the major exchanges listing the project.
You can check the price movements here.
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