What Is Gala Games (GALA)?
Gala Games aims to take the gambling industry in a different direction by giving players spinal column control over their games. Gala Games mission is to make “ blockchain games you ’ ll actually want to play. ” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the chink of a push button. It plans to reintroduce creative thinking into games by giving players command of the games and in-game assets with the help of blockchain engineering. Players can own non-fungible tokens ( NFTs ) and influence the administration of games within the Gala Games ecosystem. The Founder ’ s Nodes vote mechanism allows players to influence what games Gala should develop and what games should get fund. Besides buying NFTs for specific games, Gala Games besides utilizes GALA – its own utility token. so far, Gala Games has released one playable crippled – Town Star and an NFT collectible serial – VOX. It plans to release more games in the future, such as a illusion RPG game, a sci-fi scheme crippled and a tugboat department of defense game. Since launching in 2019, Gala Games has grown to 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $ 3 million.
Who Are the Founders of Gala Games?
Gala Games was founded by Eric Schiermeyer. He was the co-founder of Zynga, a popular social and mobile games caller. Under Schiermeyer ’ mho leadership, Zynga launched popular hits like Poker, Mafia Wars and Farmville. Schiermeyer, who has a reputation for working on the cutting edge of bet on, launched Gala Games in July 2019 to create a blockchain-based game network and give players more ownership of their games. In entire, the Gala Games team consists of 60 employees .
What Makes Gala Games Unique?
Gala Games is not a individual game, but rather it offers an entire array of different blockchain games that places fun first gear and blockchain in the background. Town Star, it ‘s only presently playable game, is a town simulation that can be played in a browser. Players manage a town similar to the gameplay of SimCity, but in Town Star, they actually own the town. VOX is Gala Games ’ bent of collectible NFT avatars. Each VOX is unique and some VOXs are rarer than others. In the initial drop, 8,888 VOX were distributed for an average price of 0.0888 ETH, or roughly $ 280 at the time of writing. Although inspired by Town Stars, VOX has other utility besides just being an NFT avatar. Holders can lock up GALA, and earn VOXcoin by playing with their VOX avatars in the future. VOX owners besides get their own FBX charge, which allows them to animate their avatars, or even 3D print them in the future. other games are in development arsenic well. Fortified is a player-versus-player tugboat defense game set in a fantastic medieval universe. Players will compete to build the best tower defense strategies. Mirandus is a fantasy function play game ( RPG ) hardening in a massive global ruled by five player-monarchs. Players will be able to own in-game assets and claim parts of the in-game landscape. Echoes of Empire is a sci-fi scheme game set within a galax at war. Players will be able to own their own spaceships and control parts of the galaxy. Spider Tank Project is a multiplayer on-line battle stadium game allowing players to pick a “ spider tank ” to battle other players. The game is free-to-play but will contain in-game earning mechanism. It is scheduled for exhaust in Q4 2021. A major component when it comes to developing these games is community feedback. Gala Games constantly engage and test assumptions with their community on Discord. This allows players to shape the direction and design of the games. Users can run Gala Nodes, which supports the Gala network. In return, they receive rewards like GALA, express version NFTs and other opportunities. The Gala Node ecosystem consists of a triple-proof node system – proof-of-work ( PoW ), proof-of-stake ( PoS ) and proof-of-storage. PoW are called Founder Nodes, which are tier-1 nodes based on 50,000 fully-owned NFTs. These are early supporters of the network, and will receive NFTs from all subsequent games and GALA allocated to their lymph node license. PoS are paid nodes that operate on for specific games, through a smart contract “ rental ” structure. Proof-of-Storage are free nodes that will allow the games to be amply hosted on the node ecosystem, removing reliance on centralized hosting solutions like Amazon S3.
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Check out Axie Infinity ( AXS ) – a pet-oriented trading plot incorporating NFTs. Check out Star Atlas ( ATLAS ) – a space-themed gambling metaverse. Learn how NFTs work in our guide to Non-Fungible Tokens. Get the latest crypto news and latest trade insights with the CoinMarketCap web log .
How Many Gala Games (GALA) Coins Are There in Circulation?
The maximal full supply will be 35 billion GALA tokens. presently, there is about 7 billion GALA in circulation. 17,123,286 GALA is distributed daily at approximately 0200 UTC. half of this GALA is distributed to Founder ’ s Node operators, and half to the Gala Games conservatorship. Each year, on the 21st of July, the distribution of GALA will be halved. For exercise, beginning on July 21st of 2022, the daily distribution of GALA will be 8,561,643 alternatively of 17,123,286. The GALA token serves as a utility keepsake that is used to purchase items in the game and can be earned from running a node .
How Is the Gala Games Network Secured?
The GALA token runs on Ethereum and the Binance Smart Chain ( BSC ) blockchain. The net is secured by its own set of nodes called Founder ’ s Nodes. Gala Games specifies a utmost of 50,000 Founder ’ s Nodes that validate in-game transactions and secure the network. Nodes can besides vote about which games are released to the Gala Games platform. You can operate a node by purchasing an bill and running it on your calculator. GALA are rewarded to node operators according to a point organization. Running a node for a minimal of six hours in a bicycle scores 1 charge and referrals running nodes for at least six hours scores 0.1 points. At the time of distribution, all of the points are added up and the GALA is split between these points .
When Will Gala Games (GALA) Trading Begin?
GALA token began trading in September 2020.
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Can Gala Games Hit $1?
Gala Games is trading about $ 0.02 as of August 2021, so reaching $ 1 would require a 50X. Gala Games surely has an matter to ecosystem of games and very feel leadership, thus even such an ambitious finish could happen in a few years .
Where Can You Buy Gala Games (GALA)?
As of August 2021, you can buy GALA on Sushiswap, Gate.io, Uniswap V3, KuCoin and Bitrue. If you want to learn more about how you can start buying cryptocurrencies, you can read more in our usher here .
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