It feels like the time window between announcements and registration for the CoinList crowdsales are getting pretty short these days. At the moment, it feels like they are on the order of days... sometimes, at most a week. I seem to remember in the past having calender events for the CoinList crowdsales about a month in advance! I start to wonder if that is due to the amount of liquidity that is still sloshing around, and projects launching quickly to try and grab a share of that...

... but enough of my old man griping. There are more than enough crowdsales on all the CEX platforms that I use, to keep my crypto calender nicely populated!

So, Project Galaxy is the next cab off the rank for CoinList. Initially, when I saw the name of the project, I had assumed that it would be a gaming/NFT platform... but I was wrong! It is a bit of an infrastrucuture project... in Web 3 credentialing. This is a use case that I have been following for quite a while... the concept of using blockchain as a identity verification platform. I'm in two minds about it, it gives the opportunity to have a greater deal of privacy in that you don't need to show all the details of your identity to a requester, just the proof of verification in the form of a cryptographic proof instead of the real details... but given that people can barely secure their email accounts, perhaps a non-centralised or completely decentralised version of this is not the best implementation. There would definitely need to be some degree of centralised control to allow for the resetting of identities... it is one thing to lose control of your life savings, but a completely different problem to lose control of your identity!

However, as I look a bit closer at Project Galaxy, I start to think that it isn't quite this sort of application... the sort where you are just querying for proof of age and that sort of thing. To be me, it seems like a way of social grouping and marketing? Collecting credential data sets? I'm not quite clear on exactly what that means, but it doesn't sound that good to me... of course, without a deeper reading (which I will try to do later before the crowdsale), it could just be something that is completely innocuous.

There is much in the marketing material that is presented on the CoinList crowdsale page that reminds me a lot of the Graph token. Similar words, and similar roles for various participants... again, pure speculation from me... but the Graph looks to build network graphs of the various decentralised protocols, and it seems like that Galaxy Protocols are trying to do a similar thing online Web3 identities? I guess it seems like the Facebook of Web3?

LinkedIn of anything... bleah, that was the sound of me throwing up in my mouth. I have a pretty dormant LinkedIn account that I made years and years ago... and it is pretty useless for musicians. I have hopped on occasionally, and I have noticed that if you thought that Facebook was terrible... then LinkedIn is even worse. Lots of humble-bragging... and lots of not so humble-bragging, and people big-noting themselves and congratulating each other in the hopes of climbing some corporate ladder... hmmm, personally, I think that there are better things in life that don't involve "work" and winning at whatever that is.

Perhaps I'm just an odd fish, but the inclusion of this section in the marketing materials really turns me off!

Just a single sale round this time... unfortunately at a poop time for Australia. So, if I want to take part, then it will be through waking up in the wee hours of the morning and then trying to get back to sleep afterwards! Low maximum purchase price, which should spread out the love a bit... but there is priority queue access for current users of Project Galaxy (snapshotted on the 8th of Feb). So, I guess that it is unlikely that CoinList users will collect their priority access easily... and regular queue users are pretty damn unlikely to find themselves with a purchase spot!

I'm not really that keen on the distribution weights and the schedule... it doesn't seem to be that favourable for CoinList crowdsale participants. I'm a definitely a bit wary about this...

Now, I know that it is common corporate practice to just big-note numbers and partnerships. I do consider that I'm a passingly above average user of crypto protocols, and some of them that are on this list... but I'm afraid that I've NEVER seen any of these ecosystem participants ever use Project Galaxy at all... in fact, this CoinList crowdsale is the first time that I've seen or learnt anything about it!

Now, these are the friendly "growth backers" that will use you as exit liquidity! A familiar band of big names in the crypto field, so it is definitely going to be golden poop that is headed our way!

Now, the thing that has me a little more worried are the team. Lino and DLive... hmm, these are things that have pretty painful memories from the days of Steem/Hive when the two blockchains were one. It does mean that I would be a touch cautious around this project... but I'm sure that there are more than enough people who aren't aware of the past... I guess the internet is big enough to escape past reputations and problems!

Anyway, I will put a bit towards this crowdsale... if I can land a purchase spot. I'm not really sure that I will be able to get a priority queue spot this time if they are handing them out to early adopters. So, that choice might not be completely up to me! Despite the fact that I'm a little wary of the team, and I'm not completely sold on the idea of the project... I know that my own personal views, understanding and wishes for crypto doesn't mean that other people will feel the same... and so, for this project, I'm going in as a complete mercenary. If it goes up, I will take profit... but I'm not really idealistic about this one!

I can also be found cross-posting at:
Hive
Steem
Publish0x

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
Kucoin: My second choice in exchanges, many tokens listed here that you can't get on Binance!
FTX: Regulated US-based exchange with some pretty interesting and useful discounts on trading and withdrawal fees for FTT holders. Decent fiat on-ramp as well!
MXC: Listings of lots of interesting tokens that are usually only available on DEXs. Avoid high gas prices!
Huobi: One of the largest exchanges in the world, some very interesting listings and early access sales through Primelist.
Gate.io: If you are after some of the weirdest and strangest tokens, this is one of the easiest off-chain places to get them!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
Stoic: A USD maximisation bot trading on Binance using long-term long strategies, powered by the AI/human system of Cindicator.
StakeDAO: Decentralised pooled staking of PoS assets.
Poloniex: One of the older regulated exchanges that has come into new ownership. I used to use it quite a lot, but have since stopped.
Bitfinex: Ahhh... another oldie, but a goodie exchange. Most noted for the close affiliation with USDT and the Basic "no-KYC" tier!