![]() It achieved its highest market cap in November 2021 – where it was ranked as one of the top 50 largest cryptocurrencies in the world by market capitalization. The GALA token is currently trading at $0.06 as of May 2022. However, over recent months and with the current bearish sentiment in the market, GALA, like the majority of cryptocurrencies has experienced a significant price decline. It launched at $0.001 and has experienced significant price appreciation since its listing, reaching an all-time high of $0.83 on the 26th of November 2021. GALA token’s initial launch date was in September 2020. About Gala Games (GALA) How long has Gala Games (GALA) existed? In-game assets can also be traded on the Gala Games marketplace. GALA token holders can transfer their GALA tokens to use in the Gala network – users can earn generous yields, from playing a competitive farming game to a PVP tower defense game. The crypto exchanges below are the safest place where you can buy, sell and store GALA tokens. Before you’re able to purchase GALA, you need to deposit fiat money onto an exchange, following this, GALA tokens will then appear in your GALA digital wallet on the exchange. GALA tokens are frequently traded on most centralized crypto exchanges. The Gala Games team has achieved some incredible feats since coming into the scene, and the Gala community is extremely confident in the project’s future success. GALA is among the most popular cryptocurrencies on the market. Gala also experiences a halving, similar to Bitcoin, which means that the tokens distributed as rewards are halved periodically – making the tokens more valuable from a tokenomics perspective. The token is also used to power the Gala ecosystem – much like BNB is used to power the transactions within the Binance Ecosystem. It’s important to note that GALA coins have functionality with the Binance Smart Chain and the Ethereum network. The GALA token is the medium used to facilitate a transfer of value within the Gala marketplace and ecosystem. ![]() The Gala Games team envisioned an easy and streamlined process for buying NFTs securely and conveniently on a marketplace. ![]() The purpose of this is to eliminate the dependence and presence of centralized hosting and storage solutions. Proof-of-storage – This is specifically for free nodes which facilitate the hosting of games on a node system, essentially for providing storage capabilities.Proof-of-stake – Specific games require paid nodes to run specific games, this is facilitated through the renting of smart contracts.Proof-of-work – Founder nodes are tasked with supplying the computing power required to keep the system optimized. ![]() The Gala network is innovative in the sense that it works on a triple-proof node system: Users running nodes receive GALA tokens, NFTs, as well as voting power in return for their efforts. The game studio plans to produce more of these games which will continue to attract more individuals to the play-to-earn space.Įssentially, the running of the project is predominantly controlled by the community – specifically through users running Gala nodes. Players can trade in-game items such as solar panels on the secondary marketplace – this creates a micro-economy within the game. The game project started as an interesting concept and was massively successful from the start – it attracted a huge number of players and garnered attention for Gala Games. The first game to be published by Gala Games is “Town Star” – a farming game similar to SimCity. The team believes that the development of new games should be dependent on the vote of its community – thereby putting more control in the hands of the people who matter most. The Gala Games network aims to establish a community of games that is rewarded for the hours and money they spend on gaming. One of the common issues with recently released blockchain games is that they don’t focus enough on storyline and gameplay. Gala Games is prioritizing the creation of blockchain games that people actually want to play. What Are The Future Plans For Gala Games And GALA Token.Biggest Competitors Of Gala Games (GALA).What is the market cap of Gala Games (GALA)?.What’s controversial about Gala Games (GALA)?.How long has Gala Games (GALA) existed?.
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