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SMART SERVICES
THE NEXT STEP OF BLOCKCHAIN EVOLUTION
Galaxa is the first cloud XaaS distributed storage and compute marketplace designed to address the unique requirements of enterprise customers based on a blockchain powered by the cryptocurrency GAAX.

SMART SERVICES

  • 2009 – Bitcoin was the first major use of a blockchain.
  • 2015 – Ethereum introduces the Smart Contract.
  • 2019 – Galaxa introduces Smart Services – the next blockchain evolution.

Smart Services eliminates the need for complex Smart Contract coding and logistics. Galaxa addresses the challenges faced by developers and enterprises that want to adopt and gain the benefit of cloud and blockchain technology in an effective, efficient and secure marketplace.

“OUR VISION IS TO “UBERIZE” CLOUD RESOURCES. BECOME THE BIGGEST CLOUD SERVICES AND DATA CENTRE IN THE WORLD WITHOUT OWNING ANY DATA CENTRES.”

MICHAEL GAFFNEY CEO

GALAXA MARKETPLACE

  • Offers Storage, Compute and additional value-added services
  • Built on a permissioned enterprise-grade blockchain
  • Payment system where the GAAX token represents the value for transactions
  • Service Registry where Providers publish details of their services
  • Enforces reputation system for automatic evaluation of Provider performance
  • Introduces the Proof of Provided Service consensus model based on Proof of Authority and service measurement
  • Implements measures to insulate marketplace participants from crypto-currency volatility

GALAXA STORAGE

  • Distributes data across multiple storage providers
  • Provides strong data security using encryption and data fragmentation such that no single storage provider has access to data
  • Provides high levels of data durability; data is recoverable even with the loss of some storage providers

GALAXA COMPUTE

  • General purpose compute infrastructure
  • Orchestrates application execution across multiple Providers
  • Runs cloud-native applications without requiring them to be built specifically for GALAXA
  • Isolates customer applications and data from Providers and other customers

ECOSYSTEM

A GLOBAL ANYTHING-AS-A-SERVICE MARKETPLACE

FOR DEVELOPERS

CURRENT

  • Require affordable infrastructure on which to develop services
  • Face steep fees for listing in existing public cloud vendor-specific marketplaces

WITH GALAXA

  • Allow developers to deploy new services using infrastructure provided on a highly competitive marketplace
  • Developers can list their services on the marketplace, differentiated and priced as they see fit
  • Pay only low marketplace services transaction fee while avoiding the hefty fees on their revenue

FOR PROVIDERS

CURRENT

  • Service providers and enterprises must plan for years of growth in capacity
  • They often buy excess storage and compute capacity to satisfy expected growth
  • They lack common, open marketplace on which to sell excess capacity

WITH GALAXA

  • Providers can sell infrastructure services on a common, open market
  • Providers can differentiate based on unique aspects of their data centres (geo-location, certifications, etc.)

FOR USERS

CURRENT

  • Enterprises face exponential growth in storage and compute requirements
  • They increasingly look to public cloud but are wary of becoming locked-in to specific cloud service providers
  • Enterprise customers must address security, availability and regulatory compliance
  • Negotiating and managing services from multiple Cloud Service Providers (“CSPs”) is complex, costly and time consuming

WITH GALAXA

  • Customers can leverage multiple and disparate cloud providers on one common marketplace
  • Vendor lock-in is avoided
  • Access is provided to enterprise-grade services backed by strong governance and security

SECURITY TOKEN

GAAX. The security and utility token of GALAXA marketplace

The GAAX Security Token

GAAX is a medium of exchange for which both a Galaxa Provider and Customer perceive value. GAAX Is believed to be the first cryptographic token designed for the exchange of value between a corporate information technology buyer, an application service provider, and a storage/compute infrastructure supplier. The Provider receives GAAX from the Customer in trade for services provided.

GAAX is a security token because token holders will receive monthly distributions/dividends from the marketplace fees, which recognize the investment made by GAAX owners. Galaxa has two sources of distributions for token owners.

  • First, are marketplace fees charged to all vendors in the system. We estimate the fees to be in the 5-9% range and at least 80% of these fees will be paid to token owners and the balance for moderators, the foundation board and ongoing network/marketplace maintenance and development.
  • Second, is the regular issuance of inflationary tokens. These new tokens will fund the Foundation Board, Moderators, new marketplace development projects. At least 30% of these new tokens will go to GAAX owners.

The inflation calculation is the annual inflation rate published quarterly by the United States Federal Reserve. Historically, the number is around 2%.

NOTE: The total number of tokens is fixed and 100% of marketplace fees and inflationary tokens will be paid to token holders, board, moderators and network improvement projects.

Participants

Network

TRUST

STRONG OVERSIGHT – ADVISORY AND GOVERNANCE BOARDS

All participants in the Galaxa marketplace expect a sound, robust and secure financial transactional system; therefore an independent advisory and foundation board will be created to provide governance and oversight required by the enterprise participants.

ADDRESSABLE MARKET

Today enterprises find themselves ‘locked in’ to behemoth storage and compute providers, at the mercy of their roadmaps and business practices. The Galaxa marketplace is freeing the enterprise to more easily choose and transition between providers. Pricing is visible and competitive storage and compute players with available resources are able to sell their services to satisfy the over 30% CAGR demand by users.

PROVEN TECHNOLOGY

Galaxa is based on proven enterprise-grade technology from Leonovus Inc. Leonovus has completed more than 10 years of product development, invested $28M, is engaged with 50+ customers and has seven issued patents with more than 300 total claims.

Roadmap

  • 2008 Bitcoin
  • 2015 Ethereum Smart Contracts
  • 2019 Galaxa Smart Services
  • 2020 The Galaxa Marketplace

Q4 2018

  • Official launch
  • 1st private STO placement

Q1 2019

  • 2nd private STO placement

Q2 2019

  • 3rd private STO placement
  • Public STO
  • SAFT Trading on TSX-V

Q4 2019

  • Galaxa SDK released

Q4 2020

  • GAAX security tokens traded on crypto exchanges
  • Galaxa launch