GALA

What is GALA (GALA)?

GALA is the native utility token of the Gala Games ecosystem, designed for blockchain-based games where players control their in-game assets. Gala Games allows users to own NFTs and other assets, which can be used across multiple games in the ecosystem.

What Problem Does GALA (GALA) Solve?

GALA solves the following issues:

• Ownership of Digital Assets: GALA gives players true ownership of in-game items through NFTs, ensuring that developers cannot control or alter these assets.
• Decentralization in Gaming: Gala Games decentralizes the gaming industry, allowing players to control game development and in-game economies.
• Cross-Game Interoperability: Assets earned in one game can be transferred or used across other Gala Games titles, creating a unified gaming experience.

Why Does the Crypto Market Need GALA (GALA)?

The crypto market benefits from GALA by:

• Empowering Gamers: Gala Games lets players own in-game assets, creating a player-focused gaming experience.
• DeFi and Gaming Integration: GALA integrates with decentralized finance (DeFi), allowing players to earn rewards and participate in NFT marketplaces.
• Play-to-Earn Model: GALA is part of the growing play-to-earn movement, where players earn tokens by playing and contributing to the ecosystem.

History & Achievements

Founded in 2019 by Eric Schiermeyer, co-founder of Zynga, Gala Games quickly gained attention for its play-to-earn model and focus on player asset ownership. Since then, the platform has launched several blockchain-based games, attracting millions of players globally.

Who Created GALA (GALA)?

GALA was created by Eric Schiermeyer, a veteran in the gaming industry and co-founder of Zynga, known for popular titles like FarmVille. His vision for Gala Games is to create a decentralized gaming platform where players own and control their assets.

What Technology Does GALA (GALA) Use and How Does it Work?

GALA uses:

• Ethereum and Binance Smart Chain (BSC): GALA operates as an ERC-20 and BEP-20 token, compatible with both Ethereum and Binance Smart Chain.
• NFT Integration: Players can buy, sell, and trade NFTs within Gala Games, giving them control over in-game assets.
• Gala Node System: Gala runs on a decentralized node network where users can operate nodes and earn GALA rewards for securing the ecosystem.

What Affects GALA (GALA) Price?

GALGALA'sice is influenced by:

• Platform Growth: The launch of more games on Gala Games increases demand for GALA tokens.
• NFT and Gaming Trends: Rising interest in NFTs and blockchain gaming boosts demand for GALA.
• Partnerships and Collaborations: Collaborations with game developers and blockchain platforms can increase visibility and demand for GALA.

How Many Tokens of GALA (GALA) Are in Circulation?

The circulating supply of GALA is 38,837,992,112 tokens.

What is the Maximum Supply of GALA (GALA)?

The maximum supply of GALA is capped at 50,000,000,000 tokens.

What is GALA (GALA) Utility?

GALA tokens are used for:

• In-Game Transactions: GALA can be used to purchase NFTs and assets within the Gala Games ecosystem.
• Node Operation: Users can operate Gala Nodes to help secure the platform and earn GALA rewards.
• Governance: GALA holders can vote on governance decisions related to the Gala Games ecosystem.

Tokenomics of GALA (GALA)

GALGALA'skenomics include:

• Fixed Supply: The total supply is capped at 50 billion tokens.
• Incentives: GALA tokens are distributed as rewards to node operators and contributors.
• Governance Participation: GALA tokens allow users to vote on key decisions within Gala Games.

What is the All-Time High and All-Time Low for GALA (GALA)?

• All-Time High: $0.8248 on November 26, 2021
• All-Time Low: $0.0001347 on December 28, 2020

Where to Buy GALA (GALA)?

GALA tokens can be purchased on several major cryptocurrency exchanges, including:

• Binance
• Coinbase
• KuCoin
• Uniswap

Who Invested in GALA (GALA) at an Early Stage?

GALA was funded through community-driven initiatives rather than traditional venture capital. Early supporters were players and developers interested in decentralized gaming.

What Are the Revenue Streams of GALA (GALA)?

GALGALA'svenue streams include:

• Transaction Fees: Fees collected from in-game purchases and NFT transactions.
• Node Rewards: Gala Node operators earn rewards in GALA tokens.
• NFT Sales: Gala Games generates revenue from the sale and trading of NFTs within its ecosystem.