PancakeSwap Proposal For ProjectGalaxy, With this proposal PancakeSwap are proud to announce a new Syrup Pool with Project Galaxy. Project Galaxy helps developers and organizations leverage NFTs and digital credential data to build better products and communities in Web3.

PancakeSwap Proposal For ProjectGalaxy

The Syrup Pool:

Stake CAKE tokens to earn GAL tokens.

• Total Tokens: 166,667 GAL
• Distribution duration: 60 days
• Start time: Soon after BEP-20 GAL token withdrawals on Binance are enabled
• Token rewards per block: 0.09645 GAL

Max Stake per Wallet:

100 CAKE for the first 57,600 blocks (approx. 48 hours) after the Syrup Pool is launched, then unlimited CAKE staking after that.

The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm.

The Farm:

In order to host the GAL Syrup Pool, we’ll need to provide a GAL-BNB farm. The farm will have 2x CAKE rewards for the first 48 hours, then 1x rewards after that.

Please note that the farm is subject to multiplier adjustments during or after the farm period if it underperforms its peers via metrics like average daily volume, 14-day volume, unique token holders on BNB Chain, fundamental token issues, etc.

About Project Galaxy

Project Galaxy aims to build a permissionless, open, and collaborative credential data network. The GAL token is an essential component to such infrastructures as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Project Galaxy ecosystem.

The use cases of GAL are as follows:

• Governance: GAL token holders can vote on Project Galaxy DAO’s governance proposals.
• Paying for Fees: Developers who aim to utilize Galaxy’s credential data will be charged in GAL.
• Curating Credentials: Curators are incentivized to stake GAL token to signal a credential data sets value. Each credential data set will include a revenue stream that will be split between credential stakeholders pro-rata.”