Buy GALA Games (GALA)
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.
Related Assets
Resources
Learn More About GALA Games
Frequently Asked Questions (FAQs)
What is the current price of GALA Games (GALA)?
The GALA Games price is $0.03517153 AUD, representing a -22.94% from the day prior.
Where is the best place to buy GALA Games (GALA) in Australia?
The best place to buy GALA Games (GALA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell GALA Games (GALA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of GALA Games (GALA)?
The trading volume of GALA Games (GALA) is $589.0M AUD in the last 24hrs, representing a -22.94% from the day prior.
How can I buy GALA Games (GALA)?
GALA Games (GALA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of GALA Games (GALA)?
The current market cap of GALA Games (GALA) is $1.4B AUD.
Can I convert GALA Games (GALA) to cash?
Yes - With Coinstash you can convert your GALA Games (GALA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many GALA Games (GALA) are there?
The current circulating supply of GALA Games (GALA) is 42.8B.
Is Coinstash a safe place to buy GALA Games (GALA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling GALA Games (GALA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.