Fundraise update

We've successfully completed our 2024 fundraising campaign, securing capital for Galactica's development over the next few years. Q4 2024 featured our Node Distribution Event, a key milestone toward network decentralization. The Galactica Node Sale was officially closed on 31st December 2024.

The following table shows a summary of the different funding rounds and their valuations.

Rounds definitions:

• Funding Round I: Early private investors + SwissBorg Alpha Core Contributor Vault

• Funding Round II: SB Alpha VIP vault

• Funding Round III: SB Alpha Silver, Gold, Diamond Vaults. SCC $GNET Sale. Private Investors.

• Funding Round IV: Node Distribution Event (Tier 1), SB Alpha Bronze Vault, SCC Nodes Sale.

Free Node Airdrop for Token Sale Investors

We want to express our gratitude to all the Investors of our Token Sale who demonstrated early faith in Galactica's vision. Every investor that bought $GNET during our token sale in June 2024 (during the SwissBorg Alpha or in the SCC community) will receive complimentary nodes according to the following tranche of investment:

• One full node per $399 invested

• One node shard per $3 invested

Example: you bought $500 worth of $GNET, you will get 1 full node and 33 node shards.

By holding a Galactica Node, $GNET investors become eligible for enhanced $GNET token rewards, effectively reducing the Fully Diluted Valuation of their investment. Two additional $GNET reward streams are now available:

• A merit-based airdrop

• Enhanced staking rewards

Distribution of those Nodes will take place shortly after mainnet.

In the following paragraph, we will cover how holding a node will effectively decrease the FDV of your investment.

Enhanced rewards for Node Holders

All node holders qualify for three reward streams:

• NodeDrop: Direct and unconditional $GNET airdrop*

• Merit-based airdrop (UBI): Rewards based on network and community participation

• Enhanced staking rewards: Available when staking $GNET

*NodeDrop includes $GNET tokens from initial investment, whether through token sale or node purchase.

Tokens that weren't sold during the Node Sale are being redistributed to all the investors, effectively increasing the total reward per investor.

The table below shows the distribution of Nodes.

Nodes Distribution

The above table shows numbers of nodes distributed through the Node Sale only and doesn't incorporate the Free Nodes Airdrop for Token Sale investors. This table will be updated after the Airdrop has taken place.

Owning a full node brings more merit-based airdrop rewards than owning a shard node as seen in the table below.

Difference in Merit-Based airdrop for Full Node holder vs Shard Node holder

*A special UBI allocation of an additional 2.3% of the total $GNET supply is also taken from the Foundation Allocation and will be distributed to Active Users that don't own any Galactica Node.

Impact of Node Rewards on the Final FDV of your contribution

Use Case 1 (Full Node Holder): User is staking his/her $GNET tokens and is active and gets the merit-based airdrop. With both staking rewards and merit-based airdrop rewards, the adjusted FDV decreases significantly, reducing the initial FDV by an average of -52.27%, effectively doubling your potential value from contributions.

Use Case 2 (No Staking): User gets the merit-based airdrop but doesn't stake. With only merit-based airdrop rewards, the adjusted FDV still provides a notable improvement, with an average discount of -35.38%, showcasing meaningful gains even without staking