Galaxy Coin

galaxycoin.finance

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 Galaxy Coin Core
Abstract

Galaxy Coin is a BEP20 token on the Binance Smart Chain. This whitepaper explains
some of the key features of the Galaxy Coin core contracts. It covers the contracts
features- including liquidity mining,staking and automated market making. Additionally
this paper contains the details regarding Galaxy Coins tocken distributions and maxi-
mum supply, as well as staking lockup pools and periods. Galaxy Coin’s BEP20 token
features transaction incentives to promote providing liquidity mining and stacking. This
White paper describes the mechanics of Galaxy Coin’s core contracts including the pair
contract, which stores the liquidity providers funds.

Introduction
Galaxy Coin is a new automated market making smart contract, which provides a self
sustainable mechanism and adds value to Galaxy Coin protocol.

Binance BEP20 Network

Galaxy Coin runs on the Binance BEP20 network. Using BEP20 is advantageous over
Ethereum because it signincantly reduces user-end fees. Galaxy Coin is building a
decentralized exchange that allows for BEP20 token-to-token swaps. Although BEP20
tokens do not have the same adoption as ERC20 Ethereum tokens, we believe the
improved fee structure of the Binance network will soon bring similar levels of adop-
tion.

Roadmap

Q1. Emergence and Design of Ideas.

• Build our team.
• Concept Development.

Q2. Working on developing the contract.

• Whitepaper published
• Website Launched

Q3. Testnet Launched

• Contract Launch in mainnet
• Platform Integration

Q4. Private Sale & Presale start

• Add Liquidity

Q5. Marketing Campaign

• Listing in major exchanges
• Getting feedback and suggestion from
our community to improve & future development
 Token Distribution
Galaxy coin is the underlying token in the Galaxy Network, and has a maximum supply
of 55,000,000. Half of this is to be released on initial distribution phase, and the other
half will be released du ring liquidity mining phase as follows:

20,000,000 GLXY - GLXY for GLXY/BNB ( Liquidity on Pancakeswap ).

20,000,000 GLXY - GLXY for Liquidity Mining.

Total Distribution
• 36.5% GLXY Initial Liquidity for PancakeSwap

• 36.5% GLXY Liquidity Mining

• 9.5% GLXY Exchange Market Maker Tokens

• 9.5% GLXY For Centralized Exchange

• 2.0 % GLXY For Marketing, Advertising and Operations

• 6.0% GLXY Developers Tokens ( Locked for 3 Months ).

Transactions
Galaxy Coin is a BEP20 token featuring transaction incentives to prioritize liquidity
providing rewards, staking rewards and admin fees. 7 % of each GLXY transaction is
distributed to participants of the protocol as follows:

5 % goes to Liquidity Pool contract ( which provides sustainable liquidity)

2 % goes to Administration

Features
Automated Market Makers

Automated market makers are smart contracts that create a liquidity pool of BRC20
tokens, which are automatically traded by an algorithm rather than an order book. This
effectively replaces a traditional limit order-book with a system where assets can be
automatically swapped against the poolʼs latest price.

Dex Aggregator
Decentralized exchange (DEX) aggregators, also known as liquidity aggregators,
compile the exchange rates of numerous DEX platforms and show you a list of plat-
forms offering the best value for your desired digital asset trades.

Lottery
We are introducing Lottery feature within the contact. Which provides over
100 lottery pools. Each pools has 50 tickets with 3 winners guaranteed.
80% gets allocated among the winners and 20% goes to operation and maintenance.
 Liquidity Pool Tokens

Initialization of Token Supply

When a new liquidity provider is the first depositor into an arbitrary Galaxy pair,
Galaxy mints shares equal to the geometric mean of the amounts deposited: This
formula functions to ensure the values of liquidity pool shares at any time are in
essence independent of the ratio which liquidity was first deposited. For example.
suppose that the price of 1 A is currently 100B. If the initial deposit had been 2 A and
200 B (a ratio of 1:00) the depositor would have received-./( 2 · 200) = 20 shares.
Those shares should now still be worth 2 A and 200 B, plus accumulated fees. The
above formula ensures a liquidity share will never be worth less than the geometric
mean of the pool reserves.

Liquidity and Staking Rewards

Users who stake tokens or provide liquidity to the Galaxy DEX are paid out in Galaxy
Coins. Rewards are received from three sources: initial distribution contracts, transac-
tions on the network, and idle user recycling. To receive rewards, users must “stake”
liquidity tokens on the Galaxy Network. These LP tokens are then used to farm and
auto-compound from corresponding farm. Galaxy Coin intends to implement features
that allow for industry-leading optimization.

Single Currency staking option will be available soon.

Galaxy Coin