🛰️Governance

$GLX also assumes a pivotal role in governance within the Galaxy ecosystem, affording token holders the authority to engage in decision-making processes and influence the trajectory of the platform. Through $GLX, token holders wield voting rights commensurate with their token holdings, enabling them to weigh in on critical matters such as protocol upgrades, fee adjustments, and asset integrations via a decentralized governance framework. Moreover, any $GLX holder can propose initiatives for community consideration, fostering an environment of inclusivity and collaborative decision-making.

Governance staking mechanisms may also be implemented, requiring participants to stake $GLX tokens to partake in governance activities, thus incentivizing active involvement and commitment. This governance model ensures that the Galaxy ecosystem evolves in response to market dynamics and user needs while upholding transparency and accountability through publicly recorded proposals, votes, and outcomes. Ultimately, $GLX facilitates a democratic and community-driven approach to governance, empowering stakeholders to collectively steer the platform's development and propel its continued growth and resilience.

Disclaimer: To reap the benefits of the above, holders must lock up said tokens for a minimum of 31 days on the Galaxy platform