Table of Contents
What is GALA?
Gala Games is a Play-to-Earn (P2E) gaming platform based on blockchain. It integrates NFTs (Non-fungible tokens) into its blockchain ecosystem. The platform has over 1.3 million active users and hosts ten games, with a lot more in development. Gala’s goal is to “create blockchain games you’ll actually want to play.” The platform allows its users to earn GALA tokens for achieving their in-game milestones and gives them true ownership of whatever they earn.
All items and inherited status serve as verifiable assets on the blockchain. These items and assets earned and bought in-game are NFTs that can be sold, traded, or given away to any user at a given time without the need for a central platform. Since its inception in 2019, more than 26,000 NFTs have been sold, the most expensive NFT valued at $3 million. Thus, Gala Games offers the developers an entirely new gaming experience and a whole new stream of income.
GALA is an Ethereum and Binance Smart Chain-based native cryptocurrency of Gala Games. GALA coins are used as a medium of exchange amongst the platform’s users. These help control the network and are used as incentives for node operators. These coins also serve as prizes for players who participate in the games hosted by the platform. Players can use the GALA tokens to purchase uniquely assignable products on their marketplace, and they can use these products to improve their in-game performance. The total supply of GALA coins is 35 billion tokens, and there are 7 billion GALA in circulation as of now.
Why buy GALA?
The metaverse will form a major part of the web experience of everyone all over the world. Gala stands out amongst the various crypto projects as it offers users an entry into NFTs and a play-to-earn metaverse gaming experience. The price of the Gala hiked more than 10,000% and has provided a potential entry point for the proven multipurpose project.
On the Gala platform, gamers can not only own NFTs and valuable tokens but also have the freedom to voice their opinions on what kind of games they would like to see on the Gala platform in the future. This crowd-focused game construction and the added perk of earning digital assets gives the platform’s playing ecosphere high user retention.
Buying Gala (GALA) in India in 5 Easy Steps
Below are a few simple steps you can follow and buy the GALA token in India with WazirX, India’s most trusted and widely used crypto exchange.
The best way to buy GALA tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy GALA using P2P trade; to get answers to all your queries related to the P2P trade, click here!
Step 1 – Sign-Up on the WazirX platform
To begin buying and selling GALA, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.
For your reference, here’s how you can open an account on WazirX.
Step 2 – Set up your account security by verifying your email address.
This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.
Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.
Step 3 – Complete the KYC process.
After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.
Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.
Step 4 – Add funds to your WazirX wallet.
To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”
You can deposit INR using any mode (NEFT/ RTGS/ IMPS).
You can also buy GALA through P2P to the WazirX wallet. The GALA will act as funds to help you buy your favorite Cryptos.
Step 5 – Finally, buy GALA on WazirX.
After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.
Click “Buy” after entering the amount and checking the total INR amount to be paid.
Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.
It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the GALA Tokens you purchased in your WazirX wallet.
Buy GALA on WazirX via P2P
To buy USDT, you can use the WazirX P2P route. This is fast, secure, and free. Follow these simple steps to buy USDT and then your GALA crypto:
- Log in to your WazirX account on the web/mobile app and select “P2P” from the “exchange” option.
- Next, click on the ‘Convert INR into USDT’ option.
- Add the INR price at which you want to purchase USDT. Next, add the number of USDT tokens you want to purchase and click on “BUY”. Here, the minimum purchase should be 14.5 USDT.
Once you click on the buy button, WazirX will match you with sellers. However, if you wish to purchase the USDT from a specific seller, you can add the XID of that person and complete the transaction.
- You need to select a preferred mode of payment next. UPI and IMPS modes are the two options available. Please note that IMPS linking is mandatory on the WazirX platform; however, UPI linking is optional.
- Once you confirm and click on the message “YES, I WILL PAY’, you will get 60 additional minutes to complete your payment. In case of non-payment, a minimum penalty of 10 USDT or 1.2% of trade will be levied once confirmed. False confirmations can also cause your account to get locked.
- Complete the payment as per the payment details on the screen (seller’s bank/UPI details). Once the payment is complete, upload the payment proof and click on the checkbox “I HAVE PAID.”
Once the seller confirms the receipt of payment, your order will be marked complete, and the USDT purchased will be reflected in your “funds.”
- Now, you can use this newly acquired USDT balance to purchase GALA crypto on WazirX. Go to the “exchange” option on the web/mobile app and select GALA crypto from the list of the tokens available in the USDT market. All price charts, order book data, and an order input form are visible on the right side of the screen.
Fill out the buy order form and click on buy GALA. Wait for some time. It will only be a short while before your order is executed. Once it’s done, you will receive the GALA coins you purchased in your WazirX wallet.
Learn how to buy crypto safely and securely via WazirX P2P:
What is the future of GALA?
The Gala coin price prediction indicates that its market environment has been in a bullish cycle for the past 12 months. Gala coin price prediction indicates a positive trend. The steadily increasing trend predicts the price of GALA to reach as high as $0.372 by the end of 2022, which means the gala crypto price in India will be around 29 INR. The market growth rate is expected to rise as high as 200% by mid-2023.
The currency is expected to soar to a dollar’s worth by the end of the year 2025. The trend shows a steady increase, making it an excellent investment option.
If you want to compare other cryptocurrencies’ trends and make an informed decision, head over to India’s premier crypto trading platform, WazirX.
Yes, with exchanges like WazirX, you may invest in cryptocurrency in India. To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process.
Satoshi Nakamoto invented cryptocurrencies and the technology that makes them function in 2009. The presumed pseudonymous individual or persons who invented Bitcoin used this identity. In addition, Nakamoto created the first blockchain database. Even though many people have claimed to be Satoshi Nakamoto, the person's identity remains unknown.
The Bitcoin market is unquestionably more volatile than the stock market. This may not be the market for you if you are incredibly risk-averse. Ethereum, on the other hand, may be a terrific investment for you if you're a diamond-handed investor who won't lose sight of short-term losses. Ethereum is a relatively safe investment as it is also based on blockchain.
Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them. It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. Per the Ministry of Corporate Affairs, companies must now record their crypto trading/investments within the financial year. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India
Cryptocurrency mining can be time-consuming, expensive, and sporadically profitable. Mining has an appeal for many cryptocurrency enthusiasts as miners are paid directly with crypto tokens for their efforts. The legality of cryptocurrency mining is dependent on where you live. In India, there is no restriction on crypto mining.
Pi Network (PI) is the newest digital token to catch the cryptocurrency community's interest, even before it has wholly debuted. Some users see it as a chance to get engaged in a cryptocurrency from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin. Other users have compared Pi to a worthless multi-level marketing (MLM) scheme.
A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies get created on blockchain technology ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are unique in that they do not get issued by any central authority. The term "cryptocurrency" comes from the encryption techniques used to keep digital currencies and the network safe.
A cryptocurrency is a digital currency that is secured by the process of cryptography, making counterfeiting and double-spending almost impossible to happen. Blockchain technology is used to produce cryptocurrencies ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a centralized authority does not issue them.
Bitcoin is a cryptocurrency that was designed to facilitate cross-border transactions, eliminate government control over transactions, and streamline the entire process without third-party intermediaries. The absence of intermediaries has resulted in a significant reduction in transaction costs. Satoshi Nakamoto, the creator of Bitcoin, created the first cryptocurrency in 2008. It began as open-source software for money transfers. Since then, plenty of cryptocurrencies have emerged, with some focusing on specific fields.
In India, cryptocurrencies are legal; anyone can purchase, sell, and trade cryptocurrencies. They are currently unregulated; India does not have a regulatory framework in place to regulate its functioning. According to the Ministry of Corporate Affairs (MCA), companies must now declare their crypto trading/investments during the financial year, according to the Ministry of Corporate Affairs (MCA). Cryptocurrency transactions have been taxable in India when people receiving such gains are Indian tax residents or where the crypto is considered to be domiciled in India