Galxe Launches Starboard with $5M Rewards Pool to Incentivize Web3 Engagement
Galxe has introduced Starboard, a platform aimed at identifying and rewarding active contributors in Web3 projects. The initiative, announced via a May 28 X post, combines on-chain and off-chain analytics to distribute rewards more effectively.
Over 20 crypto projects have already joined, pooling over $5 million in rewards. Key participants include Plume, which contributed $450,000, and 0G Labs, adding $100,000 to the fund. DeFi project Dango is allocating 1% of its total token supply.
Starboard seeks to address fragmented Web3 marketing by focusing on meaningful user actions—protocol participation, volume generation, and community contributions—rather than mere presence.