1. Abstract

Galaxy DAO is founded on the principles of prosperity, financial abundance, material wealth and psychological well-being. Its ideal is to assist its members, users and all who interact with the DAO in the pursuit of these principles, with the ultimate aim of helping users reach their goals of economic prosperity.

Galaxy DAO aim to achieve this by bridging the gap between the traditional world of forex trading and the modern world of cryptocurrency trading. The DAO will utilize blockchain technology to combine existing trading-exchange frameworks with modern cryptocurrency trading ones, and aim to introduce traditional traders to a new world of crypto assets and blockchain project investing, as well as offering new-world crypto traders traditional forex trading capabilities, plus advanced crypto trading features.

Galaxy DAO is built on a decentralized autonomous organizational structure because of the global direction of Web3 and the unwavering belief in DAO ideals.

Web3 is the third iteration of the internet; a web mediated by blockchain technology where decentralization, personal autonomy and verifiable ownership of data & digital assets will reign supreme. Web3 will put control back in the hands of the individual rather than the centralized corporation, and as a planet we are fast approaching this precipice. DAOs are built on the ideals of transparency, trust, a lack of overarching central authority and a focus on reaching collective interests through decentralized governance structures.

Galaxy DAO reflect these values whole-heartedly, and believe a DAO structure is the best way to combine traditional and new asset-trading functionalities, in addition to ensuring trust, transparency, personal economic autonomy and the meeting of collective interests for its participants in a Web3-ready world.

Galaxy DAO also believes in efficiency and growth of the DAO and its platforms as quickly as possible. To this end Galaxy DAO will adopt a progressive decentralization approach. This approach will be one where the DAO will treat itself as a startup in the initial stages and the founding team will exercise a level of autonomy when taking decisions on best directions and formation of its products. The DAO will take this approach so as to most expediently launch its services for the benefit of its users. Decentralizing an organization from its inception can lead to an impeding of a project’s initial growth, due to the fact decisions take longer to process and implement when a larger number of individuals are involved. Galaxy DAO wishes to launch its products quickly and effectively for the benefit of its users, and then proceed to a more decentralized structure once its services have been established.

After the initial phases of Galaxy DAO, the rollout of its first services, reaching product-market fit and initial traction, the DAO will continue progressive decentralization by community-building and inviting community members to contribute ideas and direction. Eventually the DAO will reach sufficient decentralization through progressive transition to community ownership via tokenized voting DAO governance.

Galaxy DAO will practically realize its ideals of aiding its participants find economic prosperity, amalgamating the worlds of traditional & crypto trading, and decentralization through the formation of its own projects and services.

The first of these will be Trade Planets; a new type of trading exchange which incorporates traditional forex trading with crypto trading.

After Trade Planets Galaxy DAO plans to release a Launchpad, where experts within the DAO will lend their expertise to tech startup companies in order to accelerate their growth. Investments within these companies will be available to DAO members and Trade Planets token holders, mediated through token holdings.

Galaxy DAO will also offer other benefits to their members in future, such as sharing a portion of their revenues with users, token raffles for airdrops and other benefits like expanded token utilities. Galaxy DAO will release other projects in future once community ownership of the DAO has been reached, the directions of which will depend on decentralized community governance.

Galaxy DAO has also acquired Gemtrade LLC, the corporation which owned and operated the GemForex trading exchange. Former Gemforex traders have been issued tokens which represent their credit rights within the former GemForex exchange, with which they can earn automatic interest and take part in lending and staking pools. Galaxy DAO understands the difficulties endured by former GemForex traders and is doing its utmost to rectify the situation and offer as many benefits as possible to these individuals for the possibilities of economic success.

Galaxy DAO’s core principles lie within assisting its members reach financial prosperity and combine traditional and new trading worlds, while maintaining fairness, transparency, eventual total decentralization and giving the most benefit and means possible for users to reach their economic goals.