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Abstract
1. Project Background
1.1 Technological Development of Cryptocurrencies
1.2 Cryptocurrency Wallet is Blockchain Industry’s First Point of Entry
1.3 Challenges for Cryptocurrency Wallet Providers
1.3.1 Lack of revenue source for cryptocurrency wallets
1.3.2 Complicated multi-chain management system
1.3.3 Wallets lack a complete ecosystem
1.4 Opportunities for Cryptocurrency Wallet Providers
1.4.1 DApp market opportunities
1.4.2 The rise of blockchain financial services and derivatives
2. Galaxy Wallet Product Description
2.1 Product Position
2.2 Product Functions
2.2.1 Decentralized wallet
2.2.2 Centralized wallet/platform account
2.2.3 Wallet ecosystem
2.3 Technical Characteristics
2.3.1 Overall technical framework
2.3.2 HD wallet standard
2.3.3 Cross - chain transactions
2.3.4 NATS distributed processing
2.4 Galaxy Wallet’s Solution
2.4.1 Solution to wallet’s technical difficulties
2.4.2 Solutions for value-added services
2.4.3 Solutions to the lack of an ecosystem
2.5 Business Model
2.6 Roadmap
3. Tokenomics
3.1 Token Supply and Allocation
3.2 Token Generation and Release
3.2.1 Team
3.2.2 Institutional investors
3.2.3 Community rewards
3.2.4 Mining incentives
3.3 Token Utility
4. Galaxy Wallet Team
4.1 Management Team
4.2 Strategic Advisors
5. Partnerships
5.1 Institutional Investors
5.2 Security Audit
5.3 Partners
6. Risk Warning and Disclaimer
Conclusion
Table of Contents010202040405050506060708080808080810101112121313131415161717181818181919202021222222232425
Since the birth of bitcoin in 2009, blockchain projects have proliferated and the
world has recognized blockchain technology as the fourth industrial revolution.
Like internet development in the 1990s, bitcoin has experienced rapid inflation. In
2018, the blockchain bubble burst, and is now in the value creation phase where
development and application of the technology are steadily realized, with enor-
mous development potential in the future. The core function of the token system
that runs on the blockchain is decentralized value transfer and they are inexplicably
linked and follows the same development path.
Wallet is the first point of access to the blockchain industry. Galaxy Wallet is build-
ing a cryptoasset management platform that provides a secure and professional
storage solution, as well as a wide range of value-added services to users world-
wide. The wallet’s Hierarchical Deterministic (HD) structure allows users to have
full control over the management of numerous cryptoassets and to access a plethora
of exceptional DApps. On top of that, the platform’s success will be shared with
users through a reward distribution scheme to create a virtuous and mutually bene-
ficial ecosystem with the cryptocurrency community.
Abstract
01
GALAXY WALLET
Bitcoin is the first generation of blockchain, with the only function being a digital currency. Block sizes are rather small and transaction speeds are slow, with confirmations taking an average of 10 minutes. When there is a high trans-action volume, it can lead to serious delays and congestions in the network. Adoption in this stage was slow as the concept of cryptocurrencies remains a mystery to the general public.
Ethereum’s arrival marks the beginning of mass blockchain adoption. Ethere-um made vast improvements on transaction per second and more importantly
1 Project Background
1.1 Technological Development of Cryptocurrencies
02
GALAXY WALLET
It has been ten years since the bitcoin whitepaper was published by Satoshi Naka-
moto, and introduced blockchain technology to the world. Since the birth of
bitcoin, blockchain projects have boomed, especially in 2017 and 2018 during the
height of the ICO mania. Entrepreneurs, engineers and computer scientists have
found applications for blockchain beyond cryptocurrencies, with the potential to
disrupt wide-ranging industries across the globe. Blockchain has gone through
some major changes over the years in terms of block processing speed, throughput,
transfer fee and number of users, which can be divided into three distinct segments,
summarized below:
Block Size
BTC ETH EOS/TRX
Launch Date
Fees
Address withbalance
Max 1M
Sept 2008
Paid by
end-users
Around 24 million
7 TPS
Varies
July 2015
Paid by
end-users
Around 46 million
15～25 TPS
Varies
June 2018/April 2018
Fee for accountcreation/free to createaccount No transactionfees for end-users
Around 450,000/Around 470,000
2000+ TPSGoal: million+
Transactions persecond (TPS)
03
introduced smart contracts to the blockchain. Smart contracts allow developers to perform a wide range of tasks on the blockchain. It popularized initial coin offerings (ICOs) as well as decentralized applications (DApps), both of which have transformed the cryptocurrency landscape.
The launch of Tron and EOS in 2018 was mired in controversy, but neverthe-less, their innovations have elevated blockchain technology to another level, and brought about another wave of rapid DApp development. EOS founder, Dan Larimer – the creator of two wildly successfully blockchain projects –had further increased transactions per second, and introduced radically new frame-works by eliminating transaction fees for end-users. These significant upgrades allow developers to do even more on the blockchain, increase efficiency, and bring more traditional businesses into the decentralized world.
Tron combines the powerful capabilities of EOS nodes and Ethereum’s smart contract. For example, transaction speed has reached thousands per second, with the potential to reach millions per second in the future. Moreover, there are no transaction fees for end-users. Unlike EOS, however, account creation is free – lowering the barrier to entry even further for new users.
GALAXY WALLET
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MetaMask
BTC
Copay Electrum Mycelium
ETH
EOS
Trust
Meetone EOSToken Lynx
Coinbase
Math Wallet Secrypto Cobo imtoken Bitpie
Huobi BRD Jaxx Blockchain Coinomi
Ledger
TREZORBIT HD
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04
Competition for the cryptocurrency wallet field are fierce, as talents continue to
flood into the nascent industry. Some wallets specialize in only a single blockchain,
such as bitcoin or Ethereum. As blockchain technology advanced, new generation
of wallets use an HD structure that are able to support multiple blockchains, greatly
improving wallets’ versatility. This innovation greatly enhanced user experience as
users now only require a single application to store thousands of cryptoassets. Wal-
lets are also available in different platforms, such as mobile and browser, with some
even offering cross-platform compatibility. The chart below lists some of the main
wallets offered to consumers:
The emergence of DApps triggered many wallets to add an additional feature –
DApp browsers. Users are able to browse through a large selection of DApps
and access them through the wallet. They would also be able to spend their
balance directly from their wallet, creating a seamless user experience.
1.2 Cryptocurrency Wallet is Blockchain Industry’s First Point of Entry
GALAXY WALLET
1.3 Challenges for Cryptocurrency Wallet Providers
1.3.1 Lack of revenue source for cryptocurrency wallets
Due to cryptocurrency’s nature of being decentralized, open and transparent, cryp-
tocurrency wallets itself would not generate any revenue.
1.3.2 Complicated multi-chain management system
The fundamental differences of various blockchains, in terms of programming
language, technical framework, network requirements, etc. make it difficult to
manage cryptoassets with just one wallet. Currently, most wallets only provide
users with only one option – a non-custodial (or decentralized) wallet where users
have to safeguard their own private key or mnemonic phrase. Although this method
maximizes security, inexperienced users may be discouraged or confused by this
new process. As a result, they may lose their private keys or mnemonics, and all
their assets with it.
On the other hand, common users may put their assets in custodial (or centralized)
wallets or in exchanges. Since users do not hold the private keys, they do not truly
own their assets and the platform ultimately holds all the control. In the event of a
hack, bankruptcy, or exit scam, the users would not lose all or most of their assets.
Wallets also lack value-added services and use cases. Consequently, wallets are
used infrequently as it is only used for asset storage purposes.
1.3.3 Wallets lack a complete ecosystem
User stickiness is a major hurdle for most wallet providers as they lack a
closed-loop ecosystem. Since assets are decentralized on the blockchain, users can
freely switch between different wallets that follow the same standard, making user
retention a challenging task.
05
GALAXY WALLET
1.4 Opportunities for Cryptocurrency Wallet Providers
As the industry’s first point of entry; the growing use cases for blockchain applica-tions; and the expansion of crypto financial products, opportunities for cryptocur-rency wallets are immense.
As blockchain technology matures, developers and entrepreneurs are increasingly
interested in decentralized applications（DApps）because it helps to expand
blockchain’s utility. According to data from State of the DApps, the rate of DApp
creation increased dramatically in May 2017, coinciding with the elevated interest
in ICOs. Unlike the ICO hype, however, enthusiasm for DApps did not wane as the
number of DApps continue to grow steadily through bull and bear markets alike.
In fact, the growth rate remained high even during ICO’s rapid decline. At present,
the most popular categories for DApps are trading and gaming, which have a high
number of active users and high transaction volume. As the foundational technolo-
gy continue to improve on the main chain, DApps prospects would improve in
tandem. There is a prevalent problem in this market, however, as many so-called
decentralized games are not truly decentralized. Developers of these DApps fail to
provide adequate evidence to prove their game is fair or that it is based on true
randomness, leaving the possibility of game manipulation.
06
1.4.1 DApp market opportunities
GALAXY WALLET
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New DApps Total DApps
New DApps per Month
Figure 1: Growth of DApps since 2015 [source: Stateofthedapps]
First of all, traditional assets generally face a relationship between risk and return, and traditional assets, whether tangible or intangible, fixed or liquid, monetary or stock, face different pricing standards and financial returns between countries. For instance, a Chinese national who owns a fixed-asset property would have difficulty obtaining bank loans in other countries. Addi-tionally, developed countries like South Korea, Japan, and Singapore generally keep their interest rates low to stimulate the economy. Therefore, wealth prod-ucts offered by financial institutions are also low, fluctuating in the 2 to 4% range. Some countries even have negative interest rates or interest subsidies, resulting in dismal financial returns for investors.
Opportunities in the budding blockchain industry are relatively more abundant due to asymmetric information, imperfect market competition, and other factors. In such an environment, there are opportunities for risk-free arbitrage across platforms or regions, inter-period arbitrage through contracts, interest from collateralized lending, and many more. Currently, the financial products can generally offer between 8 to 10% return, much more lucrative compared to traditional assets.
Furthermore, the top cryptocurrency exchanges, such as Huobi, Binance, Bitmex, etc., have comprehensive and open APIs that enables users to entrust their asset to professional financial institutions to conduct arbitrage operations without the need to transfer assets. This allows users to retain control of their assets in a transparent and safe manner while benefitting from professional traders’ expertise and increased income.
Blockchain-based financial products are superior to their traditional counter-parts in business opportunity, rate of return, and level of security – the growth potential for these financial services is massive.
07
1.4.2. The rise of blockchain financial services and derivatives
GALAXY WALLET
2.1 Product Positioning
2.2 Product Functions
Galaxy Wallet is a cryptoasset management platform that provides a secure and professional storage solution, as well as a wide range of value-added services to users worldwide. The wallet’s Hierarchical Deterministic (HD) structure allows users to have full control over the management of numerous cryptoassets and to access a plethora of exceptional DApps. On top of that, the platform’s success will be shared with users through a reward distribution scheme to create a virtuous and mutually beneficial ecosystem with the cryptocurrency community.
2.2.1 Decentralized walletThe Galaxy Wallet supports BTC, BCH, LTC, USDT, ETH, ETC, EOS, and ERC20 and EOS tokens - supports for other cryptocurrencies will be added in the future. Users will generate their own private keys, so they would have complete control of their assets at all times. This option is most suitable for relatively experi-enced users, and it has the highest security and transparency.
2.2.2 Centralized wallet/platform accountUsers would not need to generate or manage any private keys for a platform account. Instead, the funds are securely stored in Galaxy Wallet’s platform wallet, and its most suitable for novice users. Platform accounts are intuitive, simple and convenient to use, and have high security and transaction speed. Users can also take advantage of rewarding financial products offered by Galaxy Wallet.
2.2.3 Wallet ecosystemIn addition to the basic wallet functions, Galaxy Wallet has a rich DApp ecosystem. It features a DApp browser that will be compatible with all DApp projects. The DApp ecosystem includes:
Financial DApps: Galaxy Wallet provides critical financial service such as over-the-counter（OTC）trading, crypto-to-crypto trading, quantitative wealth management products, and collateralized lending. These services allow users to easily enter and exit positions, trade, and achieve higher financial returns; giving them a one-stop solution for all their cryptocurrency needs.
2 Galaxy Wallet Product Description
08
GALAXY WALLET
09
OTC Trading: Over-the-counter trading offers an avenue for users to buy and sell their cryptocurrency peer-to-peer. Users can choose to trade via their private wallet, and the transactions will be conducted on the blockchain, and the data can be verified with blockchain explorers. Alternatively, users can trade through their platform account which is simple and quick. Traders can choose the option that suits their specific needs.
Quantitative Wealth Management: Galaxy Wallet screens high-quality quantita-tive teams and asset management teams around the world to provide users with the best financial management services.
Financial Products: Galaxy Fund is available for stable interest income. Since the platform selects the most reliable financial products, Galaxy is able to guarantee users with a stable source of income for their investments.
Cryptocurrency Trading: Through Open API, Galaxy Wallet is partnering with world’s leading exchanges to share their trading depth. Users can freely exchange their cryptocurrencies for other coins and tokens.
Collateralized Lending: Users can also use their cryptocurrencies to apply for loans or lend it out to earn interest.
Gaming DApps: Galaxy Wallet seeks decentralized game partners with the condi-tion that the developers fully disclose their links to prove that the game is com-pletely fair and open.
GALAXY WALLET
The complete Galaxy ecosystem is illustrated below:
Galaxy Wallet
Wallet
Other
HD Wallet Asset is completely under users’control
Asset is secured by Galaxy WalletPlatform Account
OTC Trading
Gaming DApps
Lending
A fiat channel for tokens
Launch of native platform token-GC
Popular application of blockchain tech
Instant messaging，automatic messaging system
Solves liquidity and asset appreciationissues for token holders
Dapp Platform
Crypto-to-crypto trading freely and easily exchange betweendifferent types of cryptocurrencies
Figure 4: The Galaxy Ecosystem, all in one app
10
2.3.1 Overall technical framework
The overall technical framework of the Galaxy Wallet is divided into: the base layer, the micro service layer and the application layer.
Among them, the basic layer realizes cross-chain transactions of central account assets based on EOS side chain technology, and achieves high security and stability in the process of central account asset transaction. The high availability of message queue is attained based on NATS distributed message processing. The scalability of the system is reached based on the latest CockroachDB distributed data storage technology. The third-generation secure hash algorithm based on Secure Hash Algorithm 3 encrypts private keys and data. SHA-3 is a secure hash algorithm stan-dard issued by the National Institute of Standards and Technology (NIST). Its main characteristics include rapid encryption, uniform bit distribution and good anti-col-lision performance.
GALAXY WALLET
2.3 Technical Characteristics
ApplicationLayer
Micro-serviceLayer
Base ServiceLayer
HD WalletOTC Trading
Lending
Announcements
Notice
HD Wallet
EOS Side ChainNATS Distributed
Message ProcessingCockroachDB
Distributed StorageSecure Hash Algorithm 3
Framework/SDK RESTfulAPI Protobuf Protocol Other Services
WealthManagement
Crypto-to-Crypto trading IM
Basic Info
Promotion Mechanism
Identity Recognition
DApps…Platform Account
Wallet Application News Profile
11
2.3.2 HD wallet standard
Galaxy HD wallet meets BIP-32/BIP-39/BIP-44 standards. Galaxy HD wallet is a fully decentralized mobile multi-currency wallet that does not require any data interaction with the platform. Through 12 mnemonics, a unique private key can be generated to manage all currencies under the main chain, such as BTC, ETH, EOS. Users can completely "take full control of their own assets", which ensures the security of users' assets and the stability of transactions.
The principle of HD wallet is to generate a root private key seed from 12 mnemon-ics, then generate a unique root private key based on the seed, which later derive a child private key from the root private key. Each currency corresponds to a child private key, thus realizing asset management of multiple currencies with unique private key management.
seed
Master
Child Keys
Grandchild keys Grandchild keys Grandchild keys Grandchild keys
Child Keys Child Keys Child Keys
k k k k k k k k k k k k k k k k
m/0k m/1k
mk
m/2k m/3k
GALAXY WALLET
12
Subscriber Subscriber Subscriber
Subject
msg1 msg1
msg1
msg1
Publisher
2.3.3 Cross - chain transactionsGalaxy Wallet account is based on the main chains of BTC, ETH, EOS and internal EOS side chain technology. All users' multi-currency assets are recorded in the side chain ledger, and the main chain currency transfer - internal side chain locking mechanism. The coin withdrawal process involves burning of internal side chain assets and the main chain issuing the corresponding coins. Asset transactions or numerical changes in accounts are completed by smart contracts running on the side chain, which ensures that every asset transaction and record is safe.
2.3.4 NATS distributed processingNATS is an open source, lightweight and high performance distributed message middleware, which implements a highly scalable and elegant Publish/Subscribe model. Based on this technology, it realizes timely response and processing of wallet transaction messages, bringing good experience to users.
GALAXY WALLET
13
2.4.1 Solution to wallet’s technical difficultiesIn order to solve the user's security concerns with private key generation and safe-keeping, Galaxy Wallet would provide users with a dual wallet management system: users can choose to use a platform account, which is based on a private EOS chain that prevents tampering of the database. A platform account only requires a password and account name to login. Users can also create a non-custo-dial decentralized wallet, where the mnemonics are locally generated by users’ mobile phone, so they would have complete control of their assets at all times. Even inexperienced users can now easily create a wallet, and fully control the secu-rity of their assets.
Example: John, a first time user in New York, knows that BTC has a lot of room to rise in the future, but he doesn't have a clue about buying and storing it or anything about private keys. John buys some from Galaxy Wallet’s OTC service at the lowest price, which is automatically stored in the platform account. After a while, John finally appreciates the importance of keeping his own private key, so he immediate-ly generates a non-custodial wallet to obtain his own mnemonic phrase and private key, and transfer his crypto holdings there. In the future, he can easily recover his assets or switch to different wallet providers using the private keys.
2.4.2 Solutions for value-added servicesIn addition to the basic functions of storage, payment and transfer, Galaxy Wallet provides users with crypto financial products, centralized and decentralized trad-ing, centralized and decentralized collateralized lending, and gaming. As block-chain applications become more prevalent, the use case for blockchain would also become more abundant and diverse, and wallets would become the core manage-ment platform to offer value-added services.
Example:John found it difficult to pay the rent due to some financial difficulty recently, but he is unwilling to part with his BTC holdings. When he discovered that Galaxy-Wallet offers collateralized loans, he immediately applied on the platform. Far away in Japan, Aso saw John’s loan demand and lent out 60% of the BTC collateral in GUSD, a stablecoin. Through Galaxy Wallet’s OTC, John converts the GUSD to US dollars to pay his rent. One month later, John bought GUSD and repaid it back to Aso.
GALAXY WALLET
2.4 Galaxy Wallet’s Solution
14
After a while, John's financial situation improved and he had surplus funds, but the interest rate at the bank is only 2%. Alex, far away in India is willing to pay 8% interest and collateralize his BTC for a loan. John immediately exchanged US dollars for GUSD and lent it to Alex. Two months later, John was very happy to get his principal back plus interest that is 4 times higher than that of the bank. The price of BTC has increased by nearly 10% in two months. Alex is glad that he did not sell the BTC, not only did he not incur a loss, but he also earned a price difference of roughly 8%.
2.4.3 Solutions to the lack of an ecosystemIn addition to the value-added services mentioned above, Galaxy Wallet has also designed and implemented a token economy system where revenue from the platform is shared with the users to create a mutually beneficial and virtuous ecosystem.
Example:John found that by using GC in the process of purchasing BTC, he can enjoy a 30% discount on transaction fees, so he decided to buy some GC. Later, he found out that revenue generated from Galaxy Wallet are distributed to GC holders, so he recom-mended his friend, Alex to join and buy GC as well.
Although the blockchain industry has made many advances in the past few years, there are still many major market obstacles to overcome before large-scale adoption is possible. Galaxy Wallet will overcome these challenges to attract more users to build a vibrant community.
GALAXY WALLET
15
Galaxy Wallet is not directly profitable. Users can store their cryptocurrencies in the wallet for free and will only incur mining fees when transferring their assets, which goes to miners and not the wallet providers themselves.
To give user’s the best experience, Galaxy Wallet will also not charge any fees for asset storage. The Galaxy Wallet will focus on safety and security while providing the most convenience for cryptocurrency investors. The main purpose of the wallet is to attract novice and experienced users to build an active community and maxi-mize the benefits for cryptocurrency investors.
Galaxy Wallet provides a decentralized wallet to serve as a blockchain portal for users, providing users with value-added services based on the user's free manage-ment of assets to achieve profitability. Value-added services include but not limited to: wealth management, lending, DApps, trading, etc.
GALAXY WALLET
DAPP Fees Game Income Wealthmanagement fees
Trading Fees
2.5 Business Model
16
2.6 Roadmap
GALAXY WALLET
Phase1 2019Q1Phase1
Phase2
2019Q1
Galaxy Wallet App V1.0 beta
1. Support asset management of BTC, ETH, EOS blockchains in both custodial and non-custodial wallet.
2. Launch of light mobile wallet service - can access HD wallet without login and registra-tion.
2019Q2-2019Q3
1. Launch of centralized services – OTC trading,crypto-to-crypto,collateralized lending.
2. Launch of blockchain's first decentral-ized IM platform to create a block-chain-based financial services instant messaging system.
3.ETH DApps will be supported.
Phase3
Galaxy Wallet App V3.0
Phase 5 2019Q4-2020Q1
Continue version updates
1. The launch of a diversified DApp ecosys-tem based on Galaxy Wallet platform; will support the use tokens across DApps and realize cross-chain DApp application.
2. Launch of on-chain multi-currency transfer of red pockets based on the IM system.
3. Build a diversified financial service ecosystem based on GC.
2019Q1-2019Q2
Galaxy Wallet App V2.0
1. Launch of financial products for BTC and ETH.
2. EOS DApps will be supported, 100+ DApps expected to be added.
Phase 4 2019Q3-2019Q4
Galaxy Wallet App V4.0
1. Launch of decentralized services – OTC trading，crypto-to-crypto，collateralized lending.
2. Launch of crypto on-chain and off-chain transfer function based on the IM system.
17
3 Tokenomics
Galaxy Wallet will issue a total of 2,100,000,000 Galaxy Coin （hereinafter “GC”）.Token Allocation:
3.1 Token Supply and Allocation
The fundraising portion has thefollowing restrictions:
Cornerstone：5%（Vested）Private：15%（Vested）Public：5%（No lock restriction）
GALAXY WALLET
Token
Allocation
20%20%
15%
TeamEcosystem Fund
Community
25% Fundraising
Tokens are vestedUse for the development of theGalaxy Wallet ecosystem
Community Rewards
20% Mining IncentivesWealth management mining
Funds will be used for technology development, marketing, operations, maintenance, etc.
18
3.2.1 TeamThe team holds a total of 420 million GCs, with a maximum vesting period of 36 months, which would be adjusted based on the market environment and the number of platform users.
3.2.2 Institutional investors Institutional investors’ tokens are released one month after the token is listed on an exchange (including bonus). 20% of the token will be released every month after-wards, completing the process in five rounds.
3.2.3 Community rewardsGalaxy Wallet is positioned as a “global cryptoasset management platform” and we are targeting users from around the world. Building a vibrant community is a top priority so in order to effectively motivate community builders and participants, Galaxy Wallet will use 15% of the token or 315 million GCs to reward community members, so the success of the platform would be shared among the whole commu-nity.
We have a variety of incentives to reward members that contribute to the communi-ty. Rewards will vary at different stages of the platform’s development, which is divided into the following 4 stages:
Community Building Stage:At the beginning of the community building phase, we will introduce Galaxy Wallet to seed users and community leaders and reach a common understanding and goal. Then, through seed communities, we can execute a comprehensive mar-keting campaign through video and various media channels to reach more users. At the same time, we will use GC to encourage the following actions: joining the com-munity, inviting friends, participating in the community, moderating in the commu-nity, etc.
Product Optimization Stage:During the optimization phase, we need global seed users to try our app and provide feedback, so Galaxy Wallet can be further optimized. We have created numerous ways to obtain GC to reward users: try out the app, report bugs, give optimization suggestions, invite friends, etc.
Marketing Phase:Publicity is very important for the promotion of the app, so Galaxy Wallet has set up many incentives for community users to participate in the promotion of Galaxy
3.2 Token Generation and Release
GALAXY WALLET
19
3.3 Token utility
Wallet products. Community users can obtain GC rewards by writing articles, creating pictures, recording videos and other promotion activities.
Adoption Phase:Galaxy Wallet will launch a variety of products and services at the stage. Commu-nity users can get GC rewards by trying out the new products and services and by inviting friends.
The specific community implementation plan will depend on the market and the specific circumstances of the local community.
3.2.4 Mining incentivesMining is designed to be an incentive system for promotion, trading, lending, wealth management and gaming in the Galaxy Wallet ecosystem. It adopts the token-locking dividend and wealth management mining mechanism, and the total amount 420 million can be mined.Example of a user investing in a wealth management product: User investing in wealth management can obtain not only interest income, but also get tokens. The token rewarded is directly proportional to the amount of investment, and the diffi-culty of mining the token will increase over time.
The GC token plays a pivotal role in the Galaxy Wallet ecosystem:Platform Currency – GC can be used to pay trading fees, service fees, interest fees; and for buying services and products.Revenue Rights – 50% of the net profit of the Galaxy Wallet platform (including but not limited to existing OTC transactions, currency transactions, quantitative financial management and DApp games) is directly distributed to token holders; tokens that are not locked do not qualify.Airdrop – GC holders are entitled to airdrops Priority Investment Rights: GC holders will have priority investment rights for some popular businessesGovernance: have voting rights for various activities on the platform.Entertainment: token holders have access to an exclusive DApp area
GALAXY WALLET
20
4 Galaxy Wallet Team
Master’s degree in Financial Economics from Carleton University,
Canada;China Guohai Securities M&A Director; Nawan Internation-
al General Manager;Blockchain Angel Investor.
IBM network engineer；20 years of programming experience，cryptography expert；senior engineer；Ethereum blockchain and smart contract expert, early blockchain technology researcher and practitioner；Strategic advisor for several companies.
4.1 Management Team
Master of Law，Law School of Guizhou University；Qingyun Blockchain COO；Tianhe Blockchain Project Director；Laojiao Community Co-founder；former Walton Chain （WTC）Opera-tions PR Manager；Once led and participated in the launching of Walton Chain，Bottos（BOT），IOTchain（ICT），Freyrchain (FREC)，TPT chain（IPT），Star Miner and other top blockchain projects；participated in many blockchain summit training and speech.
Master's Degree from Remin University，China；Yahoo China Financial Channel，Xinhua China Comment Editor；Gifto block-chain project public relations manager；BlockArk Senior Advisor；Ankr brand and marketing manager；responsible for Ankr's day-to-day public relations；management；Advisor for BLZ.
GALAXY WALLET
Ben Du – CTO
Allen Huang – CEO
Ahri Jin – COO
Aaron Wu – CMO
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4.2 Strategic Advisors
Over 30 years of experience as a certified security engineer；He owns 8 patents in the field of security and mobile；Thought leader in the security software field；Served in executive posi-tions in multiple successful technology companies，including dinCloud，OSC Technologies，and Cylance.
Garret Grajek
30 years of experience in product design and development,
nearly 1000 successful product launches；Recipient of Red
Dot，IF，and other design awards；A number of global
design application patents in MNCs and SMEs.
Ken Chuang
Early blockchain evangelist，Blockchain influencer in
Japan；Designed and Installed Japan’s first bitcoin
ATM；Served as CEO and chairman of several compa-
nies including BMEX，BIG Japan，Bitmaster Financial
and DMG Blockchain.
Chris Filiatrault
GALAXY WALLET
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China Shanghai Palmim Information Technology Co., Ltd. is a professional block-chain security service provider that audited Galaxy Wallet's code for security. It is composed of the world's top white hat technical team and cryptography experts; was once the technology provider of the bottom white box password engine of UnionPay Cloud Flash Payment. It also participated in the formulation of a number of national standards and industry standards, and jointly established the blockchain security research center China Tel Terminal Laboratory of the Ministry of Industry and Information Technology and the School of Cyberspace Security of Shanghai Jiaotong University. It is dedicated to the foundational blockchains, smart contracts, black box security testing and white box code auditing of application clients, as well as underlying security solutions and authentication schemes for encrypted digital hot wallets and cold wallets.
5 Partnerships
Fundamental Labs is the lead investor of Galaxy Wallet. It focuses on the funda-mental innovations of blockchain technology and businesswith connections to mul-tiple blockchain foundations around the world. Founded in 2016, it has invested in more than 40 blockchain-related projects. The FL team has a unique investment philosophy and powerful network resources for blockchain technology. Their mission is to enable entrepreneurs to create more influential innovations and they will continue to support the development and operation of the Galaxy Wallet.
Fundamental
Labs
5.1 Institutional Investors
GALAXY WALLET
5.2 Security Audit
5.3 Partners
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GALAXY WALLET
Singapore BlockchainAssociation
Foret Capital
THEDREAMPAY
Japan Blockchain Association日本 協会
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Nawan International
This document is for informational purposes only and does not constitute an opin-ion on the sale or purchase of Galaxy Wallet (GC) shares or securities. Any similar proposals or offers will be made under a trusted clause and are subjected to applica-ble security laws and other relevant laws. The above information or analysis shall not constitute an investment decision or specific recommendation. This document does not constitute any investment proposals, investment intention or solicitation in the form of securities. This document does not establish, nor shall it be construed as providing for, or inviting the purchase or sale of, any securities in any form, nor is it a contract or undertaking in any form.
The Galaxy Wallet has made it clear that relevant intended users are clearly aware of the risks of the Galaxy Wallet, and that investors are aware of and accept the risks of the project once they participate in the investment, and are willing to bear all corresponding results or consequences for this purpose.
The Galaxy Wallet explicitly disclaims any direct or indirect losses resulting from the involvement in the Galaxy Wallet, including: 1. Economic losses due to user transaction operations; 2. Any errors, omission or inaccurate information resulting from personal under-standing; 3. Losses arising from individual transactions of various types of blockchain assets and any resulting acts.
Galaxy tokens, or GC tokens, are cryptocurrency used by Galaxy Wallet.We cannot guarantee that GC tokens will increase in value, in some cases, there is also the possibility of a decrease in value. Besides, people who don't use their GC tokens correctly may lose their right to use GC tokens, they may even end it up losing their GC tokens.
GC token is not a type of ownership or control, having control of GC token does not represent the ownership of Galaxy Wallet or the Galaxy application. GC token does not grant any personal participation, control, or any right of decision making for Galaxy and GC token application.
Risk Warning: Many cryptoasset exchanges stop operating because of security issues. We attach great importance to safety, but there is no 100% security in the absolute sense in the world, such as various losses caused by force majeure. We are committed to doing everything possible to ensure the security of your transactions.
6 Risk Warning and Disclaimer
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GALAXY WALLET
In summary, with the rapid development of the blockchain today, we are com-
mitted to the long-term sustainable development of blockchain assets, aiming to
provide a blockchain wallet platform that is safe, efficient, trustworthy and
mutually beneficial for cryptocurrency enthusiasts. We sincerely invite
outstanding people to join us and become a member of the Galaxy team.
Conclusion
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GALAXY WALLET
GalaxyWallet
Galaxy_Wallet
www.galaxywallet.io
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