GalaxyProtocol, formerly known as SafeGalaxy, aims to create a futuristic and innovative economy where every trade and transaction is settled digitally, along with everyone having greater benefits from the crypto space. The primary mission of the platform is to make DeFi (Decentralized Finance) accessible to the users who are crypto newbies. GalaxyProtocol makes DeFi accessible by creating a trusted, trustless ecosystem for the network participants.

According to the whitepaper, the existing DeFi space faces the fundamental problem of decentralization without trust. GalaxyProtocol aims to solve this issue by breaking the anonymity and combining it with the regulatory trust mechanism. This way, the platform developers want to achieve more trust in a trustless ecosystem.

The migration from SafeGalaxy to GalaxyProtocol encouraged the devs (development) team to build a few innovative features for the GalaxyProtocol ecosystem:

The migration from SafeGalaxy to GalaxyProtocol took place from July 24, 2021 to July 27, 2021. The platform launched GalaxySwap on July 30, 2021, followed by The Nebula Launchpad launch on August 15, 2021. Spencer is the CEO , founder of the platform. GalaxyProtocol is a product of Cryptonite Technologies, Ltd.