Top crypto exchanges Binance and Coinbase list a brand new altcoin focused on developing the Web3 space.
The new altcoin, Project Galaxy (GAL), bills itself as the largest Web3 credential network in the world with a native token that just went live on Thursday, trading at $18.07 at the time of writing.
Project Galaxy is up more than 22% in the last 24 hours.
Coinbase added support for Project Galaxy with an “experimental label.”
“New Asset: Coinbase will add support for Project Galaxy (GAL) labeled ‘Experimental’.”
Coinbase adds an experimental label to new projects with lower trading volume to warn traders of their potential volatility.
Similarly, Binance listed GAL in its “Innovation Zone,” a dedicated trading space for assets that may be more vulnerable to rapid price swings.
“Binance is pleased to announce the 30th project on Binance Launchpool – Project Galaxy (GAL), a Web3 credential network.“
Project Galaxy also became the 30th project on Binance Launchpool, the exchange’s staking protocol.
Additionally, Seychelles-based crypto exchange KuCoin also listed the project, as did popular Bahamas-based crypto exchange FTX.
According to the network’s website, Project Galaxy aims to “provide a community credentials infrastructure that enables brands to build better communities and products on Web3.”
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Source: Crypto News Deutsch