Galaxycoin (GXY)

• Main reasons for dead coin listing Abandoned or No Volume.
• Started 2016, Ended 2017.
• Social media ended 2017.
• Trading ticker (GXY).
• Total coins unknown.
• Not available to trade on any exchanges.
• Was built on standalone blockchain.
• Website is down.
• The Founder/SEO is Unknown.

Notes

Abandoned coin and no social media.

Links

https://web.archive.org/web/20180830161642/https://www.galaxycoin.io/ https://www.galaxycoin.io/

WHAT IS GALAXYCOIN? Anyone is free to join Galaxycoin.io as a basic trader and purchase any of the assets offered. Galaxycoin provides a level of security and trust that traditional blockchains and crypto-currencies cannot offer.

Galaxycoin is a permission based blockchain. This type of blockchain is designed to have multiple centralized authorities who manage inventory and connect real world assets to blockchain. These authorities are trusted authorities who will prove their trust by delivering real products or services linked to a blockchain.

Since no single authority can make all management decisions the blockchain is essentially a decentralized group of centralized authorities. If any one of these authorities commits an act of fraud it takes the entire community to vote on removing them from the chain. Anyone can be a trusted authority as long as they are accepted by the community and can prove that they will carry out their duties in a responsible and lawful way.

Centralized organizations such as small or large businesses in banking or inventory management have a history of trust from an established client base and are usually the best candidates to become miners and distribution channels.

With traditional blockchains there is no way to build a trusted blockchain community. As long as criminals exist, as a community we have to assume they will try and join and take advantage of blockchain networks. This is a proven ongoing problem because traditional blockchains have no way to control spam, fraud and criminal activity which allows criminals to continue to exploit others and reduces overall trust in the platform.
 

Galaxycoin (GXY) is a privately controlled asset based crypto-currency traded using blockchain technology. Galaxycoin is backed by fiat currency and real precious metals and is based on “The Gold Standard”. The Galaxycoin public transaction ledger can be viewed at Galaxycoin.info. You can start trading assets and using fiat currency by signing up for a free account or navigate to My Account and click New Account.

Galaxycoin is not like other cryptocurrencies because it is a privately managed assetchain network. Galaxycoin is a crypto service which backs each cryptocoin by gold, silver, fiat currency and other precious metals. With a Galaxycoin account clients can transfer virtual assets and currencies to other accounts with only a few clicks using a PC or mobile device.

The price of Galaxycoin assets are pegged to precious metals and are represented in grams. The value of Galaxycoin assets is the same value as gold or silver. For example, you own ten GalaxyGold coins which is equal to ten grams of gold. If the value of gold is currently 43 $USD/gram you have a crypto-asset that is worth $430.00 USD. If the value of gold increases your asset increases, if it decreases your asset decreases.