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yearn.finance
GALA (GALA)
12.71%
$ 0.011911
$ 0.001514
⇣ 0.010576
13 Oct
⇡ 0.012121
0x
1inch
Aave
Algorand
Alien Worlds
Ampleforth Governance Token
Ankr
Audius
My Neighbor Alice
Cosmos
Axie Infinity
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Balancer
Bancor
Band Protocol
Basic Attention Token
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Binance Coin
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Celer Network
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Tron
Uniswap
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yearn.finance
What is Gala (GALA)?
Gala Games is a platform for developing Blockchain-based games, and its token, known as GALA, operates on Ethereum. It is cryptographically very secure. Created in 2019 by Eric Schiermeyer, one of the co-founders of the mobile game company Zynga, which developed games like Mafia Wars and Farmville, Gala Games operates on a "play-to-earn" principle.
The mission of Gala Games is to create Blockchain games "you'll actually want to play." With the help of Blockchain technology, it plans to reintroduce creative thinking into games by giving players control over the games and in-game assets. Gala players can own NFTs that allow them to influence the operation of games and vote on new games.
The mission of Gala Games is to create Blockchain games "you'll actually want to play." With the help of Blockchain technology, it plans to reintroduce creative thinking into games by giving players control over the games and in-game assets. Gala players can own NFTs that allow them to influence the operation of games and vote on new games.
Features of GALA
GALA is the fuel that powers the Gala Games network. Using GALA, one can purchase items from the Gala Games ecosystem, buy card packs from other Alliance members like Splinterlands, and activate Founder's Nodes in the Gala Games network. This token, an ERC-20 token, powers the ecosystem by enabling players to play, own various in-game items, and trade.
GALA is transferable between users, who have full control over how it's used. The ecosystem's first game, Town Star, has a reward structure for the top 100 players.
GALA is a non-refundable utility token used as a medium of exchange between participants in the Gala Games ecosystem. Its purpose is to provide a convenient and secure method of payment and settlement between participants interacting within the Gala Games ecosystem (e.g., payment for digital products or in-game items), and it does not represent any shareholding.
Items held on the Ethereum Blockchain can be accessed using various open-source and cryptographically secure wallets and storage mechanisms. The wallet on the GALA website and app is open-source, protected by a passphrase, and once created, only the account holder can access the funds and items stored in this wallet.
GALA cannot be purchased directly from Gala Games. No initial token offering (ICO) has been made to support the platform. GALA is earned daily by everyone entitled to receive the token. This can be by running founder nodes, directing users to purchase founder nodes, and guiding people to play games on the Gala Games platform. Qualifications are designed to support the network, play games, and share games on the network. This also allows the public, rather than a centralized team, to decide on the price of the token.
The main goal of the platform is to create a decentralized gaming network that can return the power of gaming to the players. One of the current methods of achieving this is through NFTs, allowing players to own items that can be used in the game. The ecosystem will expand and help more than just the Founder Nodes to contribute to the network.
GALA is transferable between users, who have full control over how it's used. The ecosystem's first game, Town Star, has a reward structure for the top 100 players.
GALA is a non-refundable utility token used as a medium of exchange between participants in the Gala Games ecosystem. Its purpose is to provide a convenient and secure method of payment and settlement between participants interacting within the Gala Games ecosystem (e.g., payment for digital products or in-game items), and it does not represent any shareholding.
Items held on the Ethereum Blockchain can be accessed using various open-source and cryptographically secure wallets and storage mechanisms. The wallet on the GALA website and app is open-source, protected by a passphrase, and once created, only the account holder can access the funds and items stored in this wallet.
GALA cannot be purchased directly from Gala Games. No initial token offering (ICO) has been made to support the platform. GALA is earned daily by everyone entitled to receive the token. This can be by running founder nodes, directing users to purchase founder nodes, and guiding people to play games on the Gala Games platform. Qualifications are designed to support the network, play games, and share games on the network. This also allows the public, rather than a centralized team, to decide on the price of the token.
The main goal of the platform is to create a decentralized gaming network that can return the power of gaming to the players. One of the current methods of achieving this is through NFTs, allowing players to own items that can be used in the game. The ecosystem will expand and help more than just the Founder Nodes to contribute to the network.
How GALA Works
The system operates on three fundamental consensus mechanisms.
Proof-of-Work: Allows individuals who are miners to support the network by providing hash power. Specific points for hash power are determined by a decentralized algorithm that rewards based on what the network most needs (e.g., if the network requires more computational resources, hash power might receive higher rewards than storage).
Proof-of-Stake / Usability: This is the closest analog to the current way the node system works. Here, every node license helps in validating transactions using a very lightweight protocol.
Proof of Storage: The long-term goal of Gala Games is for the Gala Game Ecosystem to exist in a completely decentralized manner. The decentralized game ecosystem wants games to be hosted within the node ecosystem itself, completely eliminating the need for centralized hosting like Amazon S3 cloud servers. Specific points for storage will be determined by a decentralized algorithm based on the location, speed, and reliability of the storage.
Proof-of-Work: Allows individuals who are miners to support the network by providing hash power. Specific points for hash power are determined by a decentralized algorithm that rewards based on what the network most needs (e.g., if the network requires more computational resources, hash power might receive higher rewards than storage).
Proof-of-Stake / Usability: This is the closest analog to the current way the node system works. Here, every node license helps in validating transactions using a very lightweight protocol.
Proof of Storage: The long-term goal of Gala Games is for the Gala Game Ecosystem to exist in a completely decentralized manner. The decentralized game ecosystem wants games to be hosted within the node ecosystem itself, completely eliminating the need for centralized hosting like Amazon S3 cloud servers. Specific points for storage will be determined by a decentralized algorithm based on the location, speed, and reliability of the storage.
What is the Supply of GALA?
The maximum supply of GALA tokens is set at 50,000,000,000. The current total supply is 36,225,120,614, with 7,542,496,572 of them in circulation.
GALA (GALA)
12.71%
$ 0.011911
$ 0.001514
⇣ 0.010576
13 Oct
⇡ 0.012121