Binance and Coinbase list a Brand-New Altcoin Focused Web3 Space
Project Galaxy (GAL) describes itself as the world's largest Web3 credential data network, with a native token that went live on Thursday and is now trading for $18.07.
With an "experimental label," Coinbase enabled support for Project Galaxy.
"A new asset: Coinbase will offer experimental support for Project Galaxy (GAL)."
Coinbase labels new projects with limited trading volume as experimental to alert traders to their potential volatility.
GAL was also added to Binance's "Innovation Zone," a dedicated trading location for assets that are more susceptible to fast price changes.
"Binance is pleased to announce Project Galaxy (GAL), a Web3 credential data network, as the 30th project on Binance Launchpool."
Binance Launchpool, the exchange's staking protocol, added Project Galaxy as the 30th project.
KuCoin, a crypto exchange based in Seychelles, and FTX, a renowned crypto exchange in the Bahamas, listed the project.
According to the network's website, Project Galaxy promises to create "a collaborative credential infrastructure that empowers marketers to build better communities and products in Web3."