Galaxy WhitePapper

Published in

Galaxy Lab

6 min readOct 6, 2020

Galaxy — Defi financial experiment revolution

In order to avoid name conflicts with other galaxy projects on Justswap, our token was renamed TGAL.

TGAL(TronGalaxy) token is Liquidity mining project based on combustion test, incorporates a non-inflationary mechanism and aims to automatically execute profit-making strategies through a completely decentralized method.

We have modified the CORE model to adapt to mechanism of JustSwap.
In existing autonomous strategy-executing platforms a team or single developer is solely responsible for determining how locked funds are used to generate income.

Traditional mining models have inherent disadvantages.This is hazardous to the health of the fund as it grows, as it creates flawed incentives, and invites mistakes to be made. Galaxy does away with this dynamic and instead opts for one with decentralized governance.

🐱‍🏍Token Distribution

Token Symbol: TGal(TronGalaxy)
Total Supply: 10,000,000 TGal
Token Contract address:TGq2YxmUStqSpaVrg5Lqc3y1yrcbP4VYgU
Official website: https://trongalaxy.finance
LP Token Contract address:TQkP5sTjnJ23WuTHmuath724xGagSxByx3
Initial GAL price: 1 TRX = 3 TGAL
Inital S-GAL-TRX Lp Router price: 1 LP =4 TRX

60% TGal tokens and 2,000,000 TRX will be added in TGal JustSwap pool.
10% TGal tokens will Generate in Black Hole Pool.
TGAL is halved every 7 days until no new tokens are produced.
5% TGal tokens will be Reserved for other Farm Pool.
15% TGal tokens will be Reserved.(Locked up and announce the address after release)
10% TGal tokens will be Reserved for Community Contributor, which will be locked for 1 month.

TGAL tokens holders will be able to provide strategy contracts and vote on what goes live and when, in order to decentralize autonomous strategy execution. 5% of all profits generated from these strategies are used to auto market-buy the TGAL token.

🐱‍👓Initial Distribution

The Galaxy team is kickstarting the initial distribution with a liquidity event. Contribute TGAL-TRX LP token to Launch smart contract to receive TGAL-TRX LP Router tokens.

Note that once Trigger smart contract, liquidity tokens can not be removed from the TGAL JustSwap LP pools.

For all users ,if havn’t participate per-sale, can take the following steps to get Blackhole rewards!
1. Purchase TGAL in JustSwap
https://justswap.io/#/home?tokenAddress=TGq2YxmUStqSpaVrg5Lqc3y1yrcbP4VYgU&type=swap
2. Use TRX+TGAL to increase liquidity
https://justswap.io/#/home?tokenAddress=TGq2YxmUStqSpaVrg5Lqc3y1yrcbP4VYgU&type=add
3. Go to the following page to lock in liquidity
https://trongalaxy.finance/smartContract
4. Go to the BlackHole mining pool, pledge to get income
https://trongalaxy.finance/detail/GAL_TRX

This is by design. Read on to learn about why.

Black Hole Pool(Stake GAL-TRX LP Router tokens)

🐱‍🚀Powered by Real Yield

To encourage real value and TVL to flow into TGAL, TGAL smart contracts employ interchangeable strategies that farm the coins inside the pools. This gives a great incentive to anyone who wants to farm TGAL with coins other than TGAL/TRX LP.

✨All farmed yield market buys TGALs

All the yield from staked funds will go to market-buy TGALs. This creates a positive relationship for both parties. TGALs holders will always benefit from yield bearing activities done on the TGALs smart contracts. Even when farmers sell, a transfer fee on sales of TGALs tokens are returned to the farming pools. This means buying pressure will generally be more intense than selling pressure.

✨Continuous burning incentive

In order to attract more users to participate in Black Hole mining. We set unique Deflation mechanism.

Users need to bear the burning fee for buying and increasing liquidity！Selling fees are borne by the liquidity pool
TGAL list on JustSwap within 10minutes,Each transaction will incur a 20% transfer fee,which will flow to Black Hole Lp Pool.
TGAL list on JustSwap within 3 days. Each transaction will incur a 20% transfer fee. 5% GAL tokens will destory,15% tokens will flow to Black Hole Lp Pool.
Within 3–10 days after TGAL list on JustSwap. Each transaction will incur a 10% transfer fee. 3% TGAL tokens will destroy, 5% tokens will flow to Black Hole Lp Pool. 2% tokens will reserve for tail game.
After 10 days TGAL list on JustSwap. Each transaction will incur a 6% transfer fee. 1% TGAL tokens will destroy, 3% tokens will flow to Black Hole Lp Pool. 0.5% tokens will reward for coin holders.1.5% tokens will reserve for tail game.
When TGAL quantity decrease to 1,000,000 TGALs, Deflation mechanism will end,Black Hole Lp Pool will receive 4% tokens from each transfer.
Team rewards: 10% of the Black Hole reward fee get.

Bottom line — Governance ensures APY is higher in GAL Black Hole pools.

For all TGAL token holders ,if meet the following two conditions ,0.5% dividend pool can be divided .

🍖 Tokens holders dividend requirements

1. Holds more than 10,000 Gals in 24 hours. All accounts will be snapshotted in the following time period.(12:00–13:00 in UTC time)

2. The holder must hold for 24 hours without transferring out.

✨Well thought out economics

Many believe that the act of adding additional pools is disincentivized by the fact that it can dilute the rewards for the pools people are currently farming. In our model, this is lessened by the nature of TGAL fees being paid out by additional farming pools. Although farmers are diluted in their rewards, the TGAL they have appreciate in value due to the positive market pressure.

✨Sustainable output

For all mining pools ,we have set the output burn ratio.

For example, if a user has 1,000 GALs in the mining pool.
Harvest profit in first day(Within 24 hours of the opening of the mining pool):500(50%) GALs will burn,400(40%) GALs can get,100(10%)will return to team address.
Harvest profit in second day(Within 48 hours of the opening of the mining pool):400(40%) GALs will burn,500(50%) GALs can get,100(10%)will return to team address.
Harvest profit in third day(Within 72 hours of the opening of the mining pool):300(30%) GALs will burn,600(60%) GALs can get,100(10%)will return to team address.
Harvest profit in fourth day(Within 96 hours of the opening of the mining pool):200(20%) GALs will burn,700(70%) GALs can get,100(10%)will return to team address.
After 96 hours of the opening of the mining pool):100(10%) GALs will burn,800(80%) GALs can get,100(10%)will return to team address.
All GALs tokens generated by burning will enter the Black Hole Reward Pool.

🐱‍🐉Deflationary Farming

Farming tokens have a problem for their owners. To keep users farming, they have to mint ever more coins. This completely destroys the value of the underlying token, due to excessive inflation. It’s easy to find examples of this across the DeFi ecosystem.

Our solution is called deflationary farming, and it is quite simple in only three steps:

Charge a fee on token transfers
Users can earn the fee by farming
Destroy some tokens each time you transfer

This simple process means that those holding tokens are able to farm without infinite inflation.

🗳️ Real Governance

TGAL is designed for great community governance. The community decides everything, from developer fees, to deciding on the fee approver contract, adding new pools, rebalancing, and even disabling pools in the GAL Transfer contract.

If the holders decide TGAL should have a SUN pool, we can set the ratio of fees it will be able to distribute, as well as when people should be able to withdraw SUN tokens from it.