What Is the GALE Cryptocurrency?
Mabuhay! GalleonCoin / GALE (yes, there are copycats out there hence the ticker) is an SHA-256csm PoW coin on its own independent Mainnet blockchain. It is a Masternode coin loosely based on PIVX with a rapidly growing community of miners, a catchy logo, A very active Discord, and an endless wall of memery and freebies to promote the Plebian Enlightment and a worthy cause. GalleonCoin / GALE features Lighting Fast Transaction speeds due to our improvements on the original PIVX code. GALE has extremely low cost transaction fees due to its being built on a strictly p2p independant blockchain.
You can send hundreds of millions of GALE to another user anywhere in the world for a transaction fee that is a fraction of a percent of the “absolute state” of ethereum or XRP fees.
We despise Gas fees. Passionatly. Unconditionally. Unreservedly. Did we mention we don’t like Gas Fees? If you see the modern-day thievery that high transaction costs are, then you are already halfway towards becomeing a potential convert to the sacred cause of our Most Excellent Brotherhood of Galloneers.
What is the Purpose Of the GalleonCoin Project?
GalleonCoin / GALE has a twofold objective: To make casual GPU mining on mid to low-end machines viable again, to provide innovative masternode solutions, and to leverage the value that our technical superiority will attract by donating half of the premine to a worthy cause.
What is this good, proper, and just, charitable cause that animates the GalleonCoin Team? 500,000,000 GALE of the premine is now earmarked for donation to organizations promoting the preservation of the Spanish language in the Republic of Philippines, which, for all it’s rich history (Conquistadors Vs Samurai, Defeating 3 Protestant Invasions, Surviving a 300-year-long-Jihad waged from the south, etc), is today lamentably one of the most unique yet rapidly dissapearing dialects on earth. Schools, local community groups, websites, and even bloggers and twitterati can benefit, just email Forkbeard at the email address whatsapp up top with 200-500 words describing your organization and we’ll start the process.
We also have a standing offer to donate 50% of the half billion to the Treasury of the Republic of the Philippines upon complaince with any two 2 of the GalleonCoin Project’s reasonable and nationally beneficial conditions:
- Initiating the process of a re-declaration of Spanish as an Official Language of the Philippines
- The Nationalization of the Central Bank of the Philippines, restoring “Monetary Sovereignty” to the elected leadership.
- Adoption of GalleonCoin (GALE) as a legal currency, also restoring “Monetary Sovereignty” in an memorably epic way.
We extend this offer to any other formerlly Spanish Speaking regions that may be insterested in restoring the language should the disease of anglophila currently permeating the Filipino political class not die a natural death in time. Any questions? The beard is easy to find.
Alegrarás la sombra de mis cejas,
y tu sangre se irán a cada lado
disputando tu novia y las abejas.
Tu corazón, ya terciopelo ajado,
llama a un campo de almendras espumosas
mi avariciosa voz de enamorado.
A las aladas almas de las rosas
del almendro de nata te requiero,
que tenemos que hablar de muchas cosas,
compañero del alma, compañero.
Elegía, de Miguel Hernández
What is the GalleonCoin / GALE Price today?
The best place to get real-time average price history for GalleonCoin / GALE is Coinpaprika, LiveCoinWatch, or BlockSpot because those seem to aggregate the price from active exchanges with appreciable trading volume. Well, LiveCoinWatch doesn’t but thier widgets actually work properly so here they are. So much as mentioning why we aren’t on “that other big coin price history aggregator site that shall remain nameless here because we also despise having to talk to the lowest form of life on earth (lawyers) ” is an instabannable offense amoung the Learned Brotherhood of Galleoneers for reasons that any Intrepid explorer can work out for themselves should they dare scroll up discord far enough.
Can I Trade GalleonCoin / GALE on an Exchange?
YES. GALE is available in various trading pairs at the following exchanges:
Use of 3rd party exchanges are governed by the providers individual terms of service. So don’t trade with more than you can comortably part ways with and don’t bring any drama that may or may not arise with them to the community.
What Makes the GALE Cryptocoin So Unique?
The SHA-256csm algorithm used by GalleonCoin is fully asic-proof. It does not discriminate based on video memory, in some cases, older gpu’s can have a slight advantage.
Are you a mining farm owner with dozens of 4 GB, 2 GB,1 GB, or even 512 MB vram cards just laying about rusting to no good use? Why waste those vintage processing chips? Are you a gamer who’s sick and tired of giving your hashrate to this or that hot project only to find that the big boys with dozens of the latest cards mean that your share of the block rewards amount to a mere pittance? Are you a creative or blogger with a laptop that you’ve never tried mining with? Mining GALE offers a use-case scenario for each of these situations and there’s probably plenty more.
The lack of a VRAM requirement or the need for any superfluous DAG file downloads offers an in for any owner of any GPU of any vintage. Mining GALE is basically exactly like what mining bitcoin was like in the days before FPGA and ASIC miners monopolized the hashrate… which is “Totally not” what we had in mind when we created GALE we swear.
With over 7 years left in the PoW phase and some months to go yet before the 1st block reward halving, GALE is configured to be the casual GPU miner’s best friend.
What is The GalleonCoin / GALE Total Supply & Block Reward?
We have set 5,000,000 PoW blocks, with one block reward minted every 60 seconds, with 1000 GALE minted per block, with 20% of the block reward earmarked for masternode owners, a very energy efficient passive income stream perfect for any webmaster or someone just getting started using linux vps servers. There are 7 years of PoW left (Happy Mining to all you casuals out there!).
The Galleoncoin block halving schedule is:
Block 1-1250000 = 1000 GALE
Block 1250000-2500000 = 500 GALE
Block 2500000-3750000= 250 GALE
Block 3750000 – 5000000 = 125 GALE
Block 5000000-infinity.= 5 GALE (Proof-of-Stake)
So GalleonCoin minable supply in POW phase is is 2,203,125,000 GALE plus 500,000,000 of the GALE premine split among the team and various support staff and 500,000,000 GALE to be disbursed to worthy partners approved by the community, so maximum of 2,703,125,000 GALE total availability in POW phase.
When the coin switches into Proof-of-Stake mode (that is, block rewards disbursed based on locked funds), the annual minting schedue will be a reasonable 2,628,000 GALE minted annually in regular years and 2,635,200 GALE on leap years.
The POS mode block reward minting schedule is subject to change in future wallet updates per the will of the Galleoneer Community, plus whatever share of the donation budget is approved for disbursement and of course how much of the aforementioned donations the receivers choose to Hodl or not.
How Can I Mine GalleonCoin / GALE?
GalleonCoin / GALE is currently positioned as “The Casual Miners Best Friend”, with the modest GPU RAM requirments of the SHA-256csm algorithm, even venerable laptops and APU’s can get a slice of the action. GALE is by far the most profitable GPU Based coin for low-end GPU’s and APU’s. Additionally, while newer GPU’s will still hash higher, the algorithm actually runs more efficiently on some older graphics cards. Our entire guiding philosphy surrounding this project was, is, and forever shall be “Do the polar opposite of whatever the Ethereum team would do”. A bold strategy perhaps but it’s working our quite well so far thank you very much. You can also cpu mine using the fantastic auto-exchange feature on zergpool.
How Much Does it Cost to Set Up A GALE Crypto Masternode in 2024?
The Masternode Buy-In of 200,000 GALE, it is the perfect entry-level choice for crypto enthusiasts interested in earning crypto through masternodes without risking several months pay on the starting collateral. (EDIT: 11/2023 In the upcoming GalleonCoin 1.5 Update scheduled for Q1 2024 the Collateral will increase to 5 million GALE per the learned vote of the Galleoneer Brotherhood.)
Is GalleonCoin / GALE a Fly-By-Night Memecoin?
Memery is love, memery is life. That said, we’ve just celebrated our third anniversary and have outlasted and outshown hundreds of better funded competitors with flashier sites, plenty more hype, and more “clout” behind them than our humble Philippines based team could ever hope to dream of outshining with such meagre resources. GALE’s value comes from a better source than 98% of all nationally mandated fiat currencies…. it is driven by the market value and the communities willingess to accept it as a means of exchange… sort of how in Imperial times both Chinese, Spanish, Portuguese, and Mughal gold and silver coinage was freely traded in the sultry markets of post-renaissance Asia, The rulers of all these venerable empires were not threatened by thier citizens having the liberty of being able to decide for themselves which currency was worth thier while as a store of value and a means of exchange, a freedom the Banksters seeking to turn the cryptospace into a gas-fee intensive tokenized clownshow run by inbreds in overpriced suits becuase “that crowd” are and have forever been ever-so-keen to deprive free men and women of the ability to exercise financial Sovereignty.
That said, If you’re here to be outrageous / outraged / or outrageously entertained, we have indeed consolidated the best of over 3 years worth of banterrific memery on the “totally official and organically curated” GALE Ministry of Propaganda and Plebeian Enlightment page. Think you can outdo the boomer and gen X early adopting Galleoneers? Take the “Cet a Laugh out of Forkbeard & Earn a GALE Bounty Challenge” by posting your own wicked sample of your warped creativity on the Official GALE Discord Channel and or the Official GALE Telegram Channel.