The live price of Gala is - per (GALA / USD) with a current market cap of $861.27M USD. 24-hour trading volume is - USD. GALA to USD price is updated in real-time. Gala is -% in the last 24 hours with a circulating supply of 44.46B.
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Gala (GALA) is a blockchain-based ecosystem that integrates non-fungible tokens (NFTs) into games. The Gala gaming platform aims to serve as a scalable blockchain platform to support the launch and operation of blockchain games and play-to-earn (P2E) games. Gala prices are updated in real time on Binance.
Gala games give players control over game development, meaning that anyone can submit game development ideas to the platform, and Gala nodes will then vote on these ideas to select the proposals they want to be implemented on the Gala platform.
Gala aims to create an interoperable gaming ecosystem in which players have blockchain-based ownership of the assets they earn or win in games. In addition, the Gala ecosystem uses GALA as an interchangeable currency to transfer value between games running on its platform.
In-game items collected by Gala game players can be traded, sold, or stored independently of their games. To date, the Gala gaming platform has launched a large number of well-known games, such as Battlestar Galactica.
GALA has a total supply of approximately 50 billion. GALA tokens cannot be purchased directly from within GALA Games, and there is no ICO for GALA tokens. Instead, GALA tokens are distributed daily to founder nodes and contributing users who recommend people to buy nodes.
GALA tokens are distributed every day from July 21st of each year to July 20th of the following year. After each distribution cycle, the supply of GALA tokens is halved, making the token deflationary.
Currently, GALA Games produces more than 17 million GALA tokens per day. Half of the supply is given to founder nodes, while the remaining 50% is allocated to Gala Games hosting operations.
Due to GALA’s halving schedule, the daily distribution of GALA tokens has been reduced to over 8.5 million tokens starting July 21, 2022.
GALA leaderboards are determined by the number of active players on its platform and the quality of new games released using the tool. Gala has a monthly active user base of 1.3 million, which has become a strong driver of GALA token price.
Gala Games is an NFT-based gaming ecosystem powered by the protocol’s toolkit. Such games adopt a “play to earn” model, incentivizing players with in-game tokens as rewards.
Gala Games has a distributed voting mechanism. Founder node owners can vote on which games should be added to the Gala ecosystem. Gala also has a built-in NFT marketplace where players can trade their NFTs for Gala tokens or other cryptocurrencies.
GALA is the platform’s native ERC-20 standard token.
The Gala gaming platform was founded in July 2019 by Eric Schiermeyer, co-founder of Zynga.
GALA is an Ethereum-based token used to exchange value between Gala game players. GALA can be used to make peer-to-peer (C2C) payments, reward nodes that participate in network operations, and participate in Gala game governance and voting systems.
Gala Games adopts a hybrid consensus mechanism, using a three-tier node system. The consensus mechanism includes proof of work, proof of stake, and proof of storage.
The top-level nodes are called founder nodes, and there can only be 50,000 nodes. These nodes use the POW mechanism and obtain full ownership of the in-game NFTs.
Once the Gala sidechain goes live, paid and free nodes will be added to the ecosystem. Paid nodes will operate based on the proof-of-stake mechanism and provide infrastructure for specific games on the Gala network. Free nodes support fair nodes and paid nodes, and support the PoS protocol.
The maximum supply of GALA tokens is 35.24 billion.
Gala uses a triple proof node system, namely the proof of work mechanism to protect the Gala blockchain, the proof of stake mechanism to facilitate voting and governance, and the proof of storage mechanism to provide games with storage functions.
Gala games provide a decentralized framework in which blockchain games can provide players with game NFTs and tokenized game assets that can be freely traded between different games. The Gala game platform has a unique governance model, and players and network participants can participate in voting through staking to support the development of their favorite games.
The Gala to other currencies exchange rate?
