What is the Gala Games task (GALA Coin)?
Gala video games is a platform that builds a series of blockchain-primarily based video games, every single of which offers gamers with true ownership of their game things by way of the use of substitute non-existent tokens (NFTs).
Launched in 2020, the platform is one particular of the very first engines in the perform-to-earn arena, rewarding gamers in the kind of GALA tokens for enjoying much more of their video games.
Billed as a platform that generates “blockchain games you really want to play,” Gala Games prioritizes game high quality in excess of launching MVP-form video games usually discovered in the gaming room to make cash. The platform is an ecosystem of player-owned and managed video games, every single giving unique approaches to engage the audience.
The platform was formulated by a workforce of 60 people today and has in excess of one.three million lively consumers throughout the world. Gala Games CEO Eric Schiermeyer is also one particular of the co-founders of Zynga, a extremely well known social game developer.
How do gala video games perform?
Gala Games is a bit like the Steam or GOG retailer, in that it has several video games for consumers to opt for and perform. However, in contrast to these merchants, all video games are a hundred% absolutely free and available by way of the blockchain by way of a decentralized application (DApp).
So far, Gala Games is functioning on a complete of 5 unique video games, which are:
- Aiming: An epic fantasy RPG journey wherever gamers battle monsters in several places and create their lands to earn earnings.
- Spider tank: Spider Tank is a MOBA (massly multiplayer on line battle arena) game that lets gamers to defeat him on several maps making use of the spider Tank and their several weapons.
- Star City: A city setting up and advancement game that lets gamers from all in excess of the globe to compete for NFT.
- Fortified: A PvP tower defense game that sees gamers place their techniques to the check making use of a selection of player-owned assets.
- Echoes of the Empire: An epic sci-fi method game that sees gamers battle for the scarce assets scattered across the universe.
Players will also obtain an official NFT retailer, which supports all player-owned gaming assets. These things are divided into 6 rarities: Common, Uncommon, Rare, Epic, Legendary and Ancient and can be purchased or offered for a selection of cryptocurrencies, thanks to the integration with CoinPayments.
What Makes Gala Games Different?
Play-to-ear and blockchain-primarily based video games with player-owned assets are almost nothing new in the cryptocurrency field. However, Gala Games has a couple of tricks that are explained to have aided make their way by way of this more and more crowded room.
Building on Binance Smart Chain
Originally constructed on the Ethereum blockchain, Gala Games lately leveraged the DApp p.Network Bridge to hyperlink the GALA token with the Binance Smart Chain as a BEP-twenty asset. This lets gamers to substantially decrease transaction costs when making use of or paying their GALA tokens.
Many video games to perform
Games on the Gala network supply a blockchain-primarily based gaming knowledge, of which the platform has just about half a dozen video games on its expanding roster. This incorporates RPGs, room exploration video games, tower defense video games, and so on.
Build retailer gala video games
Gala Games can make it quick for gamers to acquire and promote in-game things by way of its integrated marketplace. This lets consumers to very easily earn a supply of income for their game loot or buy new things / characters to boost their gaming knowledge and efficiency.
Supported by the local community
The Gala Games Network relies on local community-owned nodes that support energy the platform. Likewise, the advancement workforce and operations personnel constantly interact with the local community to identify which video games / characteristics are most sought right after by the local community.
This aids guarantee that assets are made use of to supply the video games and experiences people today want and generate assets that are related to that local community.
A sturdy local community
Unlike most income video games, which generally have a player base concerning tens and hundreds of 1000’s, Gala Games has an astonishing one.three million lively consumers. As a consequence, video games launched by way of the platform have the prospective to grow to be one particular of the most well known P2E video games in the blockchain room.
What is the GALA token?
The GALA token is a platform-native utility token. Used as the main digital asset in the Gala Games ecosystem for item purchases, peer-to-peer payments, working node rewards, and so on.
Users can also contribute to the Gala Games ecosystem by working the Gala Node. This involves consumers to buy a license, right after which they will be ready to run the node software program from their house laptop and earn rewards in the kind of unusual GALA and NFT tokens. As points stand, this license expenses ~ $ 13,000 on Ethereum (ETH), GALA, or Basic Attention Token (BAT).
The complete quantity of nodes that can participate in this system is constrained to 50,000.
Basic info about GALA .token
- Token identify: Gala Games Token
- Ticker: GALA token
- Blockchain: Ethereum, Binance Smart Chain
- Standard tokens:
- ERC-twenty: 0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA
- BEP-twenty: 0x7ddee176f665cd201f93eede625770e2fd911990
- Circulation provide: updating
- Total preliminary provide: 50,000,000,000 USD
Token allocation
GALA has a fixed greatest provide of 50 billion units. Of these, just about seven billion GALAs are presently in circulation. This quantity represents ~ 14% of the complete greatest.
According to official GALA documentation, a complete of 17,123,286 GALAs are distributed per day – half of which go to the Founders’ Node operators, whilst the other half is managed by Gala Games.
Similar to Bitcoin and several other cryptocurrencies, Gala Games incorporates a halving cycle in its issuance routine. Emissions are halved each 12 months on 21 July. The following halving is scheduled for July 21, 2022, which will see the issuance fee drop to eight,561,643 GALA per day.
GALA Token Review
After going public on Binance on September 13, 2021, the GALA token reached an ATH at $ .07633. Likewise, the trading volume for the digital asset multiplied significantly right after the information, seeing it climb from ~ $ four million per day, to in excess of $ 500 million at press time.
As points stand, there are quite a few motives why there is a need to have for GALA tokens (past easy speculation), like acquiring game content material, managing a node, and maximizing game income.
However, most of Gale Games’ video games are nonetheless inactive. At current, 4 of the 5 titles are nonetheless in advancement, whilst Town Star is the only game prepared to perform (in its beta edition). With all-around one.three million consumers prepared to perform these video games, the prospective plainly exists to substantially maximize demand for the GALA token.
Additionally, some of the video games bear similarities to some of today’s blockbusters, but the platform as a entire has a extremely realistic present market place cap of ~ $ 400 million. For instance, Gala Games’ Echoes of Empire bears similarities to the significantly touted Star Atlas, whilst Town Star is just about identical to the hugely well known My Neighbor Alice.
The platform is producing a large-pace native blockchain platform to substantially decrease costs and guarantee help for tens of 1000’s of concurrent consumers. Aside from the truth that Star Atlas and My Neighbor Alice have related market place cap to Gala Games, there is great cause to feel the platform is undervalued.
It is crucial to note that GALA suffers from substantial provide inflation. Currently only 14% of the supply is in circulation, whilst in excess of 17 million new tokens are in circulation each day. Considering its present worth of $ .048, just about $ thirty million is additional to its market place cap every single month.
Overall, in spite of rather large inflation, Gala Games might nonetheless have loads of area for additional development, assuming the workforce can supply on their guarantee of generating some genuinely pleasurable video games.
How to personal a GALA token?
There are 3 approaches to personal GALA tokens. It consists of
- Use NODE to help GALA network, press GALA for network validation
- Join the GALA ecosystem by enjoying to earn GALA tokens
- Buy and personal on exchanges like Binance, Sushiswap, Gate.io, Uniswap V3, KuCoin and Bitrue.
Gala Games Project Team
The two-12 months Gala, founded by Zynga Inc. co-founder Eric Schiermeyer, is setting up a platform that lets gamers to personal any in-game things and non-fungible tokens or NFTs with no them shopping for or earning, in a decentralized way. also offers them a say in game advancement, in accordance to the enterprise.
Gala Games Investors (GALA Coin)
Blockchain gaming enterprise Gala Games has obtained funding from Binance Smart Chain’s $ a hundred million Binance Accelerator.
In addition to funding, Gala will use Binance Smart Chain, a blockchain launched in 2020 by the international cryptocurrency exchange Binance Holdings Ltd. as a location to create much more sophisticated decentralized applications, to supply gamers much more choices to deal with their assets. According to a enterprise statement, a higher degree of manage in excess of …