GALA Coin, Live Price Chart in INR, Historical Data

Gala

Name

Gala

Summary

-Gala is a gaming and NFT platform that attempts to create a blockchain gaming ecosystem that runs on Ethereum and Binance Smart Chain.
-Gala Games was founded by Eric Schiermeyer in 2018
-The Gala node system is made up of a triple node system-Proof-of-Work, Proof-of-stake, and proof of storage.

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Rating

Symbol

GALA

Overview

Gala Games aspires to revolutionize the gaming business by giving gamers back control over their games. The goal of Gala Games is to create "blockchain games that you'll actually want to play." The idea aims to change the reality that players can invest hundreds of dollars on in-game assets, as well as countless hours playing the game, all of which can be taken away with a single click of a button. It intends to bring creative thinking into games by using blockchain technology to give players ownership over the games and in-game assets.

Within the Gala Games ecosystem, players can possess non-fungible tokens (NFTs) and influence game governance. The Founder's Nodes voting system lets gamers have a say in the games Gala develops and funds. Gala Games uses GALA, its own utility token, in addition to purchasing NFTs for specific games. Gala Games has only produced one playable game, Town Star, and one NFT collectible series, VOX, so far. In the future, it wants to produce other games, including a fantasy RPG, a sci-fi strategy game, and a tower defense game.

Historical Price Movement (in INR)

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Technology

The GALA token is based on the Binance Smart Chain (BSC) blockchain and Ethereum. The network is protected by Founder's Nodes, its own set of nodes. Gala Games specifies a limit of 50,000 Founder's Nodes to secure the network and validate in-game transactions. Gala was initially built on Ethereum and now supports the BSC chain, the language is Solidity, and the Binance chain supports all SDKs.
A triple-proof node system – proof-of-work (PoW), proof-of-stake (PoS), and proof-of-storage – makes up the Gala Node ecosystem. Founder Nodes, which are tier-1 nodes based on 50,000 fully-owned NFTs, are used in PoW.
Use of Native tokens in the ecosystem
GALA is the platform's native utility token, and it's utilized for the following things:
In-game currency: Users can buy in-game products and NFTs from the Gala store or earn them by playing games on the Gala platform.
Gala node operators are compensated with GALA tokens for running nodes on the Gala network.

Gala Games Conservatorship

50%

Founder’s Node Operators

50%

Volume (as of 21st March 2022)

$781,493,518

Total Supply

35240112493

Circulating Supply

6.98B GALA

Crowd Sales

Gala Games has raised a total of $100 million in the Blockchain Gaming Fund, a single venture fund. This fund was announced on December 13, 2021, and a total of $100 million was raised.