What Is Gala Games (GALA)?
Gala Games aims to take the gambling industry in a different direction by giving players binding control over their games. Gala Games mission is to make “ blockchain games you ’ ll actually want to play. ” The plan 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 chatter of a button. It plans to reintroduce creative think into games by giving players control of the games and in-game assets with the help oneself of blockchain technology. 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 particular games, Gala Games besides utilizes GALA – its own utility program keepsake. sol far, Gala Games has released one playable game – Town Star and an NFT collectible series – VOX. It plans to release more games in the future, such as a fantasy RPG bet on, a sci-fi scheme crippled and a tower 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 assemble 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 company. Under Schiermeyer ’ mho leadership, Zynga launched popular hits like Poker, Mafia Wars and Farmville. Schiermeyer, who has a repute for working on the cutting edge of bet on, launched Gala Games in July 2019 to create a blockchain-based bet on net and give players more ownership of their games. In sum, the Gala Games team consists of 60 employees .
What Makes Gala Games Unique?
Gala Games is not a single game, but quite it offers an entire align of unlike blockchain games that places fun first 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 exchangeable to the gameplay of SimCity, but in Town Star, they actually own the town. VOX is Gala Games ’ fructify of collectible NFT avatars. Each VOX is alone 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 approximately $ 280 at the time of writing. Although inspired by Town Stars, VOX has early 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 file, which allows them to animate their avatars, or even 3D print them in the future. other games are in development american samoa well. Fortified is a player-versus-player tugboat defense game set in a antic medieval world. Players will compete to build the best loom defense strategies. Mirandus is a fantasy function play game ( RPG ) sic in a massive world 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 strategy game set within a galaxy at war. Players will be able to own their own spaceships and control parts of the galax. Spider Tank Project is a multiplayer on-line conflict arena plot allowing players to pick a “ spider tank ” to battle early players. The game is free-to-play but will contain in-game earning mechanism. It is scheduled for release in Q4 2021. A major part when it comes to developing these games is community feedback. Gala Games constantly engage and test assumptions with their residential district on Discord. This allows players to shape the guidance and blueprint of the games. Users can run Gala Nodes, which supports the Gala network. In reelect, they receive rewards like GALA, limited edition NFTs and other opportunities. The Gala Node ecosystem consists of a triple-proof node organization – 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 node license. PoS are paid nodes that operate on for specific games, through a fresh narrow “ rental ” social organization. Proof-of-Storage are free nodes that will allow the games to be in full hosted on the lymph node ecosystem, removing reliance on centralized hosting solutions like Amazon S3.
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Check out Axie Infinity ( AXS ) – a pet-oriented trade game incorporating NFTs. Check out Star Atlas ( ATLAS ) – a space-themed bet on metaverse. Learn how NFTs work in our guide to Non-Fungible Tokens. Get the latest crypto newsworthiness and latest deal insights with the CoinMarketCap web log .
How Many Gala Games (GALA) Coins Are There in Circulation?
The maximum total provide 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 example, 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 token 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 network is secured by its own set of nodes called Founder ’ s Nodes. Gala Games specifies a maximum 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 lymph node by purchasing an history and running it on your calculator. GALA are rewarded to node operators according to a item system. Running a node for a minimal of six hours in a bicycle scores 1 point and referrals running nodes for at least six hours scores 0.1 points. At the prison term 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.
Can Gala Games Hit $1?
Gala Games is trading around $ 0.02 as of August 2021, so reaching $ 1 would require a 50X. Gala Games surely has an concern ecosystem of games and very experience leadership, so even such an ambitious goal 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 steer here .
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