Galaxy Coin is a new, automated market making smart contract, on the Binance Smart Chain. This provides a self sustainable mechanism and adds value to the protocol.
The main use case of Galaxy Coin is for providing liquidity to the upcoming Galaxy DEX. Users who stake their tokens or provide liquidity to the Galaxy Network are able to earn rewards in the form of Galaxy Coins.
Users staking liquidity tokens in the Galaxy Network ecosystem receive rewards from three sources: initial distribution contracts, transactions on the network, and idle user recycling. Diversified sources of staking rewards allow for industry-leading optimization and a high rate of profitability for all Galaxy Coin holders.
Aside from the ability to generate blockchain-based passive income through staking, the GalaxyCoin network plans to create a fully decentralized exchange. This decentralized exchange will have unique DeFi features such as flash loans, automated price oracles, an NFT marketplace and many more.