Galaxy SURGE - WHITEPAPER
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Galaxy SURGE WHITEPAPER
INTRODUCTION
The evolution of blockchain and distributed ledger technology in the last decade has not
only created the appreciation of a transparent, immutable, and secured way of managing
transactions and information, it has also enabled innovation driven by decentralised smart
contracts.
With expected and continued development in this space, these innovations and solutions
are expected to continue to drive, individuals, financial businesses, government
departments and other organisations who are exploring efficiency, transparency, and
profitability into the blockchain and cryptocurrency space.
With the continued growth of the blockchain and cryptocurrency space, the Decentralised
finance space offers great opportunities for investment and decentralised finance
products and finance management opportunities. ‘The Decentralized finance, also known
as DeFi, is a fast-growing sector of the cryptocurrency industry. While cryptocurrency
coins create a decentralized store of value separate from any government-backed fiat
currency, DeFi creates decentralized financial instruments separate from traditional
centralized institutions’- CityAM.
Although still at its infancy when compared to the global economy, DeFi has seen rapid
growth in 2020. In early 2019, there was only $275M of crypto collateral locked in the
DeFi economy. By February 2020, that number had grown to over $1B, and it has
continued to grow impressively throughout the year, hitting $18bn as at Dec 2020.
The Defi space has seen a major growth in 2021 with decentralised financial products as
well as decentralised derivatives where value is driven my expected market demand and
supply. A huge number of projects have evolved as ‘meme projects’ leveraging and
replicating the success of other projects and spreading the growth in value across the
crypto space.
Galaxy Surge aims to provide a combination of these two categories to enable a
sustainable value growth in the Defi space.
01
The Galaxy Surge Token
Galaxy Surge ($GALS) is a community-based token that aims to reward the $GALS token
holders via a decentralised smart contract distribution of 5% of all Buys & Sell transaction
in BUSD. The roadmap will see Galaxy Surge implement a DAO decision structure for
investing in other blockchain and crypto projects once the marketing threshold balance is
exceeded. The $GALS token is built on the Binance Smart Chain (BEP20 Token
Standard).
Features
Automated
Liquidity Pool
Rewards for Token
Holders in BUSD
GALS ’DAO’
Investments
Token Burn
Buy Back
02
Automated Liquidity Pool
In the early years of crypto liquidity pools had been generally driven by users or
contracted market markers, whilst this helped in maintaining the growth of the
cryptocurrency space, the centralises nature of agreeing terms of the pools meant it was
not 100% transparent. The Defi space has over the last few years provide an effective
alternative to this. Whilst not without it challenges the ability to now provide automated
liquidity to exchanges via the smart contract linked to the tokens transactional activities
not only ensures a fair and stable price regime but it also eliminates the centralised
nature of how liquidity was previously managed. The GALS token (see token economics)
will provide a stable addition to the exchange liquidity pool, this would ensure that
irrespective of the market activity the pool will be sufficiently enhanced to support the
required stability.
035% Fee Distribution in BUSD Rewards for Token Holders
In order to drive value GALS token holders are encouraged to’ hold’, as a result holders
of the GALS token get BUSD in reflections. For every buy and sell transactions 5% will be
distributed directly to the wallets holding GALS.
$GALS ‘DAO’ Investment Decision
As part of the transaction fees for buys and sell, 3% of all buys and sells will be dedicated
to a marketing and operations pool, this is to enable the Galaxy Surge team to continue
to evolve, promote and develop the GALS token and its utility. We however expect that
the project will grow to a stage where the marketing pool funds will be in excess of what
is required. As a result, the Galaxy Surge team will place an operational pool balance
limit for marketing and operations. A snapshot will be taken on the last day of the quarter
to capture the outstanding balance in the marketing and operations pool address. Where
the balance exceeds 1000BNB the excess will be moved to an investment wallet where
the community through a decentralised voting system will determine which crypto projects
the excess funds can be invested in. 85% of the tokens received from the investments
will be airdropped to the wallets of the top 500 GALS token holders.
Buy Back
A buy back strategy is also embedded within the GALS token structure, this deflationary
attribute allows the project buy back the GALS token from the exchange. 1% of every buy
and sell is transferred to a dedicated buy back address in BNB. The BNB is then used to
buy back token, the buy-back funds will also serve as a tool to enable the stability of the
GALS token during volatile periods.
04Token Economics
Galaxy Surge has a total of 1,000,000,000,000,000 tokens. 45% of the tokens will be
allocated to presale and initial exchange liquidity. 15% of the tokens will be allocated to
the team, 5% of the tokens will be allocated to strategic advisors and 20% of the tokens
will be retained for the ecosystem, this would be allocated towards evolving the utility of
the GALS product (staking, new product features etc) as well as project operations. 90%
of the team tokens and 100% of the Ecosystem tokens will be vested over 20 months
with 5% of the vested tokens released monthly. 15% of the GALS Token will be Burnt
post project launch.
Presale and Initial Exchange Liquidity – 45% (exchange liquidity
locked)
Team Tokens – 15% (90% vested for 20 months)
Advisor tokens – 5% (90% vested for 20 months)
Ecosystem – 20% (100% vested over 20 months)
Token Burn – 15% (Token Burnt at launch)
Token Burn – 15% (Token
Burnt at launch)
Presale and Initial
Ecosystem – 20% (100% Exchange Liquidity – 45%
vested over 20 months) (exchange liquidity locked)
Advisor tokens – 5% (90%
vested for 20 months) Team Tokens – 15% (90%
vested for 20 months)
05Galaxy Surge Road Map
PHASE 01
Project analysis and research –
Sept 2021
Contract development testing and
review – Nov 2021
Contract Audit – Dec 2021
Promotion and Creating Social
Media Branding – Nov/Dec 2021
Public Presale – Dec 2021 PHASE 02
Token Burn – Dec 2021 Marketing & Growth of Galaxy
Surge Q1 2022
Listing on Pancake Swap
Listing on CEX Exchange Q1/Q2
Listing on CMC, Coin Gecko, etc – 2022
January 2022
Buy-Back Implementation – Q1
2022
Partnership - Q1 / Q2 2022
Developing the GALS DAO
PHASE 03 Investment framework Q2 2022
Driving the growth of Galaxy Partnership - Q1 / Q2 2022
Surge beyond 2022
Developing additional features
for the GALS token (Lending
Solution, Exchange,
GalaxySurge Market) – TBC
06General Disclaimer
Past performance is not necessarily indicative of future results. Past performance is no
guarantee of
future returns and there is no guarantee that the market price of coin will fully reflect their
underlying net asset value.
NO ADVICE: this Whitepaper does not constitute any investment advice, financial advice,
trading
advice or recommendation by GALAXY SURGE, its affiliates, or its respective officers,
directors, managers, agents, advisors, or consultants on the merits of purchasing tokens
nor should it be relied upon in connection with any other contract or purchasing decision.
Nothing on the platforms of reddit, discord, telegram, twitter, this white paper or website
is, or should be relied on as, a promise or representation in the future.
GALAXY SURGE or any party associates makes no representation regarding the
likelihood or probability that any actual or proposed account allocation will in fact achieve
a particular investment outcome or goal. Please realize that cryptocurrencies have the
value that individuals associate with it. Be wise in investing money into any digital
currency. Prices fluctuate and tokens can be lost easily due to digital mishaps and other
technical forms of theft even though security above all else is our top priority incidents
may occur. GALAXY SURGE, it’s affiliates, or its respective officers, directors, managers,
agents, advisors and consultants are not liable for any choices users make. GALAXY
SURGE is not a company or business, this is an open source community token.
NO REPRESENTATIONS OR WARRANTIES have been made to the recipient of this
Whitepaper or its advisors as to the accuracy or completeness of the information,
statements, opinions or matters (express or implied) arising out of, contained in, or
derived from this whitepaper or any omission from this document or of any other written
or oral information or opinions provided now or in the future to any interested party or
their advisors.
07www.galaxysurge.com Telegram t.me/galaxyxurge Thank you
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