##What Is GALAXIA(GXA)? GALAXIA (GXA) is a Klaytn-based user centered token that is used as a means of payment and reward for various services. Based on a unified platform, GXA provides a sustainable blockchain service platform environment by implementing a fast and transparent process for purchasing and selling NFTs as well as using financial services such as STO and DeFi. GXA is the native utility token that is used for:
- Payment and reward means in NFT Platform MetaGalaxia
- Payment and reward means in STO Platform GALAXIA STO
- Means to receive interest payments using the staking service in DeFi Platform GALAXIA DeFi.
- Payment and reward means within metaverse projects such as ‘food metaverse’ and ‘pet metaverse’ established through partnerships with other companies
- Payment methods in the on-offline PG merchant of Galaxia Moneytree How Many GALAXIA Tokens Are There in Circulation? 10 billion GALAXIA tokens are created at genesis. 40% of the total issuance will be distributed to establish a virtuous cycle ecosystem for the GALAXIA project. The first amount will be distributed by first allocation the platform that allows the smoothest token circulation and the distribution amount will be set separately for each platform. 20% will be used to provide rewards when using affiliate services including the NFT platform MetaGalaxia to secure the usability of the tokens. The rest of the tokens will be used for development and operation, business partnerships, marketing etc