[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Galactica.com [@GalacticaNet](/creator/twitter/GalacticaNet) on x 446.2K followers Created: 2024-05-20 21:33:25 UTC Galactica is the ultimate Data & Identity Layer X which allows you to: ➡️ Establish a unique and persistent Web3 Identity ➡️ Gain control over your data & monetize them ➡️ Create a true on-chain reputation by combining your web2 & web3 data into your WEB3 Identity Galactica's use cases: ✅ Reputation Augmented DeFi DeFi is a game changer, you can borrow money vs your current assets without 3rd parties. But to keep loans trustless & safe for the lender, you can mostly have overcollaterised loans. With @GalacticaNet's reputation system, you are able to prove you're a real, unique person, and have enough on the side to get an undercollaterised loans. ✅ Monetize your data Thanks to our zkCertificate, you can upload your data anonymously. Let’s say you uploaded your trading history from your favorite exchange & chose to disclose it anonymously: another exchange that wants to target big traders could pay you to get your contact info & make you an offer to join their platform. This is a paradigm shift where the owner of the data gets the value from it instead of getting this money grabbed by the big tech companies. ✅ New governance models Currently, voting power is typically tied to token holdings, overlooking behaviour. This flaw enables bad actors to wield significant voting power unchecked. By having a reputation-augmented voting system, a protocol can give more weight to users who demonstrate ecosystem loyalty, skills, and experience, irrespective of their AUM. XXXXX engagements  **Related Topics** [money](/topic/money) [onchain](/topic/onchain) [web3](/topic/web3) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/GalacticaNet/status/1792669987636691277)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Galactica.com @GalacticaNet on x 446.2K followers
Created: 2024-05-20 21:33:25 UTC
Galactica is the ultimate Data & Identity Layer X which allows you to:
➡️ Establish a unique and persistent Web3 Identity ➡️ Gain control over your data & monetize them ➡️ Create a true on-chain reputation by combining your web2 & web3 data into your WEB3 Identity
Galactica's use cases:
✅ Reputation Augmented DeFi
DeFi is a game changer, you can borrow money vs your current assets without 3rd parties. But to keep loans trustless & safe for the lender, you can mostly have overcollaterised loans.
With @GalacticaNet's reputation system, you are able to prove you're a real, unique person, and have enough on the side to get an undercollaterised loans.
✅ Monetize your data
Thanks to our zkCertificate, you can upload your data anonymously. Let’s say you uploaded your trading history from your favorite exchange & chose to disclose it anonymously: another exchange that wants to target big traders could pay you to get your contact info & make you an offer to join their platform.
This is a paradigm shift where the owner of the data gets the value from it instead of getting this money grabbed by the big tech companies.
✅ New governance models
Currently, voting power is typically tied to token holdings, overlooking behaviour. This flaw enables bad actors to wield significant voting power unchecked.
By having a reputation-augmented voting system, a protocol can give more weight to users who demonstrate ecosystem loyalty, skills, and experience, irrespective of their AUM.
XXXXX engagements
Related Topics money onchain web3 coins layer 1