GALE Cryptocurrency Sailing Through Innovation and Philanthropy
In the dynamic landscape of blockchain and crowdfunding, the emergence of GalleonCoin stands as a testament to innovation and resilience. As the cryptocurrency market experiences groundbreaking developments, GalleonCoin takes center stage as the primary exchange coin within its ecosystem.
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Built on the foundation of PIVX, incorporating Blackcoin PoS and Bitcoin core codebase, GalleonCoin utilizes a network of Masternodes for decentralized governance and enhanced privacy. The Seesaw reward balancing system ensures a controlled growth of Masternodes, fostering a sustainable ecosystem. The presence of a voting system for features and community engagement reflects the project’s commitment to inclusive decision-making.
GalleonCoin operates on a mainnet blockchain designed to serve as the hub for an expansive ecosystem encompassing networking resources and games. With features like masternodes, PoS, and SwiftX transactions, the blockchain is based on PIVX 3.3, showcasing versatility and functionality.
The consortium behind GalleonCoin comprises crypto enthusiasts with diverse backgrounds, spanning engineering, journalism, industrial production, IT, and marketing. This collaborative effort brings a wealth of expertise to the project, ensuring a well-rounded approach to development and promotion.
Notably, the GalleonCoin (GALE) mainnet successfully launched on November 16, 2021, marking a significant milestone in its journey. In contrast to many masternode-based coins, GALE offers an affordable entry point and boasts an extensive Proof-of-Work (PoW) phase spanning 5,000,000 blocks. This nod to the hobby-mining origins of the team emphasizes inclusivity and accessibility.
The use of the ASIC-resistant SHA256csm algorithm makes GALE mining-friendly, even for mid-range GPU users. Miners are rewarded with 1000 GALE per block, with 20% set aside for masternode holders, a strategic consideration for pools incorporating the coin. GalleonCoin’s commitment to a diverse and decentralized ecosystem sets it apart in the ever-evolving crypto landscape.
Join the Galleoneers on their journey, where innovation meets inclusivity, and blockchain becomes a realm for all.
Unique Features of GALE Cryptocoin
GalleonCoin (GALE) stands out in the cryptocurrency landscape due to its distinctive use of the SHA-256csm algorithm, rendering it Asic-proof. This characteristic ensures a fair playing field for miners, preventing monopolization by specialized mining hardware.
One noteworthy aspect is GALE’s inclusive approach to mining, where it does not discriminate based on video memory. This opens up opportunities for owners of older GPUs (4 GB, 2 GB, 1 GB, or even 512 MB vram cards) to actively participate. In some cases, these vintage processing chips may even enjoy a slight advantage, providing a unique edge to miners.
For mining farm owners or individuals with unused GPU hardware, GalleonCoin offers a compelling proposition. It encourages the utilization of older hardware that might otherwise go to waste, presenting a chance for these processing chips to contribute to the cryptocurrency network until their final days.
GALE’s appeal extends to gamers frustrated by the dominance of large-scale miners with the latest cards. By allowing individuals to reclaim their hashrate and receive a more substantial share of block rewards, GalleonCoin addresses the inequities present in certain mining scenarios.
Moreover, creative individuals and bloggers with laptops can explore mining with GALE, providing yet another practical use-case scenario. The absence of a VRAM requirement or the need for superfluous DAG file downloads ensures accessibility for owners of GPUs of any vintage.
Mining GALE is reminiscent of the early days of Bitcoin mining before the advent of FPGA and ASIC miners. The team behind GALE emphasizes that this similarity is not a coincidence but a deliberate effort to create an inclusive and decentralized mining experience.
With over seven years remaining in the Proof-of-Work (PoW) phase and the first block reward halving still months away, GALE is strategically configured to be the ideal companion for casual GPU miners. The project’s commitment to inclusivity, fairness, and sustainability sets it apart in the evolving landscape of cryptocurrency mining.
GALLE Total Supply & Block Reward System
GalleonCoin (GALE) has meticulously structured its total supply and block reward system to foster sustainability, inclusivity, and a fair distribution of rewards.
Total Supply Details
The project has defined a total of 5,000,000 Proof-of-Work (PoW) blocks, laying the foundation for the coin’s lifecycle.
Each block is produced at a consistent rate of one block every 60 seconds, ensuring a steady and predictable issuance of GALE.
With a fixed reward of 1000 GALE per block, the network maintains transparency and consistency in its reward mechanism.
Masternode Incentives
GALLE allocates 20% of the block reward specifically for masternode owners. This strategic allocation promotes decentralized governance and incentivizes masternode participation.
Masternodes, in addition to supporting the network, become a source of energy-efficient passive income. This feature is particularly advantageous for webmasters or those venturing into cryptocurrency mining using Linux VPS servers.
PoW Duration
GalleonCoin has set a clear timeframe for its Proof-of-Work (PoW) phase, with an impressive seven years still remaining. This extended period provides ample opportunity for miners, especially casual miners, to actively participate and contribute to the network.
Closing Note
The GALE ecosystem wishes all casual miners a joyous mining experience during the ongoing PoW phase. This commitment to inclusivity and longevity emphasizes GalleonCoin’s dedication to creating a sustainable and rewarding environment for its community.
GALLE’s total supply and block reward system showcase a thoughtful balance between providing fair rewards for active contributors and ensuring the long-term stability of the network.
GalleonCoin (GALE) Total Supply & Block Reward System
Proof-of-Work (PoW) Phase
The GALE cryptocurrency is set to undergo a Proof-of-Work (PoW) phase encompassing 5,000,000 blocks.
A block is minted every 60 seconds, with a fixed reward of 1000 GALE per block, ensuring a consistent issuance rate.
Notably, 20% of the block reward is allocated to masternode owners, offering an energy-efficient passive income stream. This presents an attractive opportunity for webmasters and newcomers utilizing Linux VPS servers to participate in the network.
Block Reward and Halving Schedule
The block reward and halving schedule for GalleonCoin GALE follows a structured pattern:
Blocks 1–1250000: 1000 GALE
Blocks 1250000–2500000: 500 GALE
Blocks 2500000–3750000: 250 GALE
Blocks 3750000–5000000: 125 GALE
Total Supply Calculation in PoW Phase
The minable supply during the PoW phase is calculated as 2,343,750,000 GALE, complemented by an additional 500,000,000 GALE distributed among various support functions. A further 500,000,000 GALE is earmarked for worthy partners, subject to community approval. This results in a maximum availability of 2,843,750,000 GALE during the PoW phase.
Transition to Proof-of-Stake (PoS) Mode
Upon transitioning to Proof-of-Stake (PoS) mode, block rewards are adjusted to 5 GALE per block.
The annual minting schedule in regular years stands at 2,628,000 GALE, with an increase to 2,635,200 GALE during leap years.
Flexibility in the PoS mode block reward minting schedule is acknowledged, subject to future wallet updates and the collective decisions of the Galleoneer Community.
Additionally, the distribution of donations from the budget and the recipients’ decisions on Hodling further contribute to the dynamics of the PoS phase.
GalleonCoin’s total supply and block reward system reflect a careful balance between encouraging active participation in the PoW phase and ensuring a sustainable and adaptable approach as the cryptocurrency transitions to Proof-of-Stake. The community’s role in decision-making underscores the democratic nature of the project’s governance.
Mining GalleonCoin / GALE: Your Gateway to Casual Mining Bliss
GalleonCoin (GALE) proudly wears the badge of “The Casual Miner’s Best Friend,” extending a warm invitation to enthusiasts with varying hardware capabilities. Whether you’re rocking the latest GPU or dusting off your trusty laptop, GALE’s SHA-256csm algorithm ensures an inclusive mining experience. Let’s embark on a smooth mining tutorial:
- Getting Started
Dive into the user-friendly world of GALE with our comprehensive GalleonCoin Mining Guide.
Familiarize yourself with the process through this handy video tutorial. - Mining Software
For optimal performance, we recommend using Wildrig, known for its higher reported hashrate and built-in hardware temperature management.
Download Wildrig from here.
Ensure your antivirus doesn’t play the role of the party pooper; add Wildrig as an exception. - Mining Pool Selection
Choose a mining pool from community options listed here.
Opt for a pool that aligns with your preferences and objectives. - Batch File Configuration
Create a Windows batch file in the same folder as Wildrig. Use Notepad for this.
Tailor the batch file according to your chosen pool. Below is an example for both NVIDIA and AMD cards:
Sample Batch File for NVIDIA Cards
batchCopy code
@echo off
:loop
wildrig.exe –print-full –algo sha256csm –opencl-threads=2 –url stratum+tcp://your_pool_url_here –user your_wallet_address –pass x –gpu-temp-limit=90 –gpu-temp-resume=70 –donate-level=0 –opencl-platforms=amd
if ERRORLEVEL 1000 goto custom
timeout /t 5
goto loop
:custom
echo Some error happened, put custom command here
timeout /t 5
goto loop
Sample Batch File for AMD Cards
batchCopy code
:loop
wildrig.exe –print-full –algo sha256csm –opencl-threads 2 –opencl-launch 25×64 –url stratum+tcp://your_pool_url_here –user your_wallet_address –pass x –gpu-temp-limit=90 –gpu-temp-resume=70 –donate-level=0
if ERRORLEVEL 1000 goto custom
timeout /t 5
goto loop
:custom
echo Some error happened, put custom command here
timeout /t 5
goto loop - Save and Run
Save the Notepad file with a “.bat” extension.
Execute the file and watch as your mining adventure begins.
Update: Cryptodredge Miner (NVIDIA Only)
As an alternative, Cryptodredge version 0.25.1 has been tested and proven effective. Download it here.
Explore the world of GalleonCoin mining, where casual miners find solace and profitability in every hash. Happy mining!
A Cost-Efficient Entry into Passive Earnings
As of 2024, the cost to establish a GALE Crypto Masternode presents an attractive opportunity for crypto enthusiasts seeking an entry-level option for passive earnings. The Masternode Buy-In is set at a modest 200,000 GALE, making it an accessible choice for those eager to explore the world of masternode ownership without committing a substantial financial investment. This affordable entry point aligns with GalleonCoin’s commitment to inclusivity and providing a welcoming space for casual and novice masternode operators.
Collateral Adjustment
It’s essential to note that, as of the GalleonCoin 1.5 Update scheduled for Q1 2024, there will be a collateral adjustment. The collateral, which previously stood at 200,000 GALE, will increase to 5 million GALE. This adjustment reflects the informed decision of the Galleoneer Brotherhood, showcasing the project’s commitment to community-driven governance.
Affordable Entry-Level Choice
The initial Masternode Buy-In of 200,000 GALE was designed to cater to crypto enthusiasts who wish to dip their toes into the world of masternodes without risking a substantial portion of their financial resources. This cost-efficient approach opens the door for a broader audience to participate in the GalleonCoin ecosystem and enjoy the benefits of masternode ownership.
Community-Driven Decision-Making
The adjustment in collateral requirements exemplifies the democratic and participatory nature of the Galleoneer Brotherhood. Decisions, such as collateral adjustments, are made through collective voting, ensuring that the community’s voice plays a pivotal role in shaping the trajectory of GalleonCoin.
Accessible Passive Earnings
Masternodes offer a passive income stream, and with the affordable Masternode Buy-In, GALE holders can actively participate in the network’s governance while enjoying potential rewards. The GalleonCoin project seeks to make masternode ownership an achievable goal for a diverse range of crypto enthusiasts.
Learned Vote of the Galleoneer Brotherhood
The decision to adjust the collateral requirements to 5 million GALE reflects the learned and collective vote of the Galleoneer Brotherhood. This transparent and participatory decision-making process ensures that the community’s interests are prioritized in the ongoing development of GalleonCoin.
Explore the realm of masternode ownership with GALE, where accessibility, community involvement, and affordable entry points converge to create a welcoming environment for crypto enthusiasts in 2024.
GalleonCoin/GALE Roadmap (2024–2030)
Creative Ideas
Engage in brainstorming sessions and exploration of innovative concepts to enhance the GalleonCoin ecosystem.
Market Validation
Conduct thorough market research and validation to ensure alignment with current industry trends and demands.
MOON!
Strive for exponential growth and success, aiming to reach new heights in the cryptocurrency space.
Build Mining Community
Foster a robust mining community through various initiatives, including Mining Community Engagement, Memery Competition, and Flesh Out Website for an enriched user experience.
Block Reward Halving
Implement a strategic block reward halving mechanism to maintain a balanced and sustainable reward structure.
Galleons Are Now Great Again. And we got to reverse a cultural genocide. You’re Welcome.
Undertake initiatives to revive and celebrate the cultural significance of Galleons, contributing to a positive cultural shift.
Further CEX Options
Explore and integrate additional Centralized Exchanges (CEX) options to enhance accessibility and liquidity.
Act as the MemeCoin, especially for those not traditionally associated with meme culture.
Business Planning
Develop comprehensive business plans to outline strategic goals, financial projections, and operational frameworks.
Branding
Establish a strong and recognizable brand identity for GalleonCoin, emphasizing uniqueness and trustworthiness.
Identify Strategic Exchanges
Identify and partner with strategic cryptocurrency exchanges to expand GALE’s market reach.
Pursue Use Cases
Explore and implement various use cases, including retail solutions, swaps, and other applications to enhance utility.
Game or Trivia App
Develop a gaming or trivia application within the GALE ecosystem to engage the community and attract new users.
Identify Donative Beneficiaries
Identify potential beneficiaries for donations within the GalleonCoin community.
Beneficiaries Approval by Community
Facilitate a community-driven approval process for selecting and approving beneficiaries.
The GalleonCoin/GALE Roadmap from 2024 to 2030 outlines a strategic and comprehensive plan, combining technological advancements, community engagement, and cultural revitalization efforts to position GALE as a dynamic and impactful cryptocurrency in the coming years.
Conclusion
As GalleonCoin/GALE charts its course from 2024 to 2030, the roadmap unveils a dynamic journey marked by innovation, community vibrancy, and cultural renaissance. From creative ideation to market validation, the project embraces a multifaceted strategy, positioning itself as more than just a cryptocurrency.
The commitment to inclusivity echoes through mining community initiatives, block reward halving mechanisms, and a resolute effort to reverse a cultural genocide. GALE’s resurgence is not just about market dominance but a celebration of heritage and a call to cultural revitalization.
The roadmap’s diverse initiatives, including meme culture integration and pursuing unique use cases, exemplify a forward-thinking approach. Business planning and branding efforts underscore professionalism, ensuring GALE’s longevity in the competitive landscape.
Beyond the digital realm, GALE’s identification of donative beneficiaries and community-driven approvals embody a commitment to societal impact. The roadmap outlines a holistic expedition, blending technological advancements with a spirited community ethos.
In summary, GALE’s roadmap crafts a narrative of evolution, innovation, and community strength. The journey isn’t just about reaching the moon; it’s a dynamic exploration that leaves an indelible mark on the cryptocurrency landscape. Enthusiasts are invited to join this odyssey, where
For more information About GalleonCoin/GALE
website- https://www.galleoncoin.org/
Twitter- https://twitter.com/galleon_coin
Telegram- https://t.me/+4nAnc8nitD82NWY1
Discord- https://discord.com/invite/J8apCwQ6bY
Reddit- https://www.reddit.com/r/Galleoncoin/
AUTHOR
BTT username : Herison77
Prof link: https://bitcointalk.org/index.php?topic=5483131.msg63567723#msg63567723
Telegram name :@Joli8899
BSC/ETH : 0xcc024Ce18cabCB96AcC74e051E48B232d93169A5