GALA
GALA Games
$0.00000000AUD
Market Cap
2.7B AUD
24H Trade Vol.
534.0M AUD
Total Supply
42.2B
All
1W
1M
1Y
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Price Changes
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+0.00%
7D:
+0.00%
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What is GALA?

GALA is an Ethereum-based cryptocurrency that powers the Gala Games ecosystem. It aims to revolutionise the gaming industry by offering a decentralised platform for virtual worlds, games, and digital assets. As an ERC-20 and BEP-20 token, GALA facilitates transactions within the Gala ecosystem and empowers users to engage in governance participation and other platform activities.

How does GALA work?

GALA operates on a combination of blockchain technologies, using Ethereum and Binance Smart Chain. Its future plans include transitioning to its own blockchain, GalaChain, to enhance scalability and efficiency. The token is based on ERC-20 and BEP-20 standards, allowing seamless integration with smart contracts. GALA employs a Proof of Stake (PoS) consensus mechanism to secure the network, validate transactions, and enable governance functionalities.

What are the potential use cases for GALA?

GALA serves multiple purposes within and potentially beyond the Gala Games ecosystem:

  • Medium of Exchange: Utilised for in-game purchases and transactions.
  • Governance: Participants can vote on ecosystem development and changes.
  • Staking: Contributes to network security and earns rewards.
  • NFT Transactions: Facilitates buying and selling NFTs on platforms like Gala Store and OpenSea.
  • Future DeFi and NFT Applications: Potential expansion into broader cryptocurrency and digital asset markets.

What is the history of GALA?

GALA was founded by Eric Schiermeyer, co-founder of Zynga, along with Michael McCarthy. Gala Games was launched in 2019 with a mission to empower players through blockchain technology. Since then, the project has amassed a significant user base and has been involved in various developments, such as launching GalaChain and undertaking token burning events for sustainability. The ecosystem continues to evolve, focusing on decentralising gaming and enhancing user ownership of digital assets.

DCA Calculator

Past performance is not indicative of future performance.
GALA
Gold
ASX 200
Initial Deposit
Monthly DCA amount
Starting From
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GALA
GALA Games
$10,000
Total invested
$10,000
Total Value
0%
Percentage Change

The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.

The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.

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