Open Galaxy DAO: goals, objectives and unique benefits

Open Galaxy, a decentralized autonomous organization, is a platform that provides its users with the opportunity to collectively fund various startups in the early stages, providing tools for evaluating projects and for various interactions between investors, experts and startup teams.

The main goal of Open Galaxy is to provide a wide range of people with access and opportunities to invest small personal capital in various innovative projects in the early stages of development in order to receive and distribute profits from the subsequent sale of shares in these projects at later rounds of funding among community members. In addition, a large information base will be collected, on the basis of which methodologies for assessing startups and their risks can be created to identify the most promising for further use on the platform.

The main tasks of the DAO are:

• creation and maintenance of the service of collective venture investment in projects at early stages of development based on web and blockchain technologies

• creation of a community of motivated investors and experts in various fields, as well as start-up teams

• providing startups with a platform for publishing information about themselves in order to attract investment

• analysis and assessment of various parameters of systems in order to optimize processes and increase the profitability of investments

The Open Galaxy DAO uses its own GLXY token, issued on the Binance Smart Chain (BEP-20) blockchain, to:

• ensuring voting processes when making collective decisions on adding startups to the platform, the size of commissions charged from them, conditions and terms of participation in them

• access to investment rounds of projects placed on the platform

• distribution of profits received from the sale of a stake in projects that received funding on the platform

The unique advantages of the Open Galaxy DAO are:

• for investors — simple and transparent access to investments in startups at the early stages, devoid of bureaucratic delays, as well as the opportunity to make micro-investments in interesting projects

• for startups — informing a wide range of people interested in investment about their projects, gaining access to financing by tokenizing shares in projects, as well as the ability to supplement their teams with platform experts

• for experts — providing their knowledge and competencies in the form of a paid assessment of startups, with the opportunity to join projects as an advisor

• for GLXY token holders — receiving income from platform investments, as well as from GLXY staking

The activities of the Open Galaxy DAO are controlled by smart contracts that accept the results of community votes in the form of governing decisions.