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Gala v1
GALAV1

Gala v1

$0.0₄4080
4.59%
Market Cap. #
$1,834,548
Volume (24h) #4278
$90
Supply (Circ. / Total / Max)
- / 44.96B / ∞
  • Overview
  • News
  • Markets
Gala v1 Logo

Gala v1GALAV1

GALAV1

$0.0₄4080
4.59%
  • Overview
  • News
  • Markets
Loading chart...
Market Cap. #
$1,834,548
Volume (24h) #4278
$90
Supply (Circ. / Total / Max)
- / 44.96B / ∞
Launch Date
2020-09-09
Built On
Token Standard
Smart Contract Address
Decimal Places
2020-09-09
Launch Date
Built On
Token Standard
Smart Contract Address
Decimal Places

Gala v1 Price Converter

Gala v1

Gala v1 Information

Resources

Websites
gala.com
Industries
Parent Asset
GALA

Gala v1 Markets

About Gala v1

Gala (GALA) is a cryptocurrency token created for the Gala Games ecosystem, which was founded by Zynga co-founder Eric Schiermeyer and others in 2019. The platform focuses on combining gaming with blockchain technology to empower players with more control and ownership in games. GALA serves various roles within the ecosystem, such as purchasing NFTs, rewarding node operators, and acting as a gas token. The token's emission is split between node operators and the Gala Games conservatorship, with a halving schedule impacting its daily emission.

Gala (GALA) is the native cryptocurrency token for the Gala Games ecosystem, which operates on the Ethereum blockchain. Gala Games was founded in 2019 by Eric Schiermeyer, a co-founder of Zynga, and other professionals from the gaming and blockchain sectors. Gala Games is a platform that combines gaming with blockchain technology, aiming to give players more control and ownership in games through the use of Web3 and blockchain tech. It offers a variety of Web3 games, including many with well-known intellectual properties, in different stages of development or already released.

GALA is primarily used within the Gala Games ecosystem. It functions as the core utility token for various purposes: purchasing Non-Fungible Token (NFT) items, rewarding Founder’s Node operators for their participation, and serving as the gas token for network fees on Gala's blockchain. The daily emission of GALA is distributed 50% to Founder’s Node operators and 50% to the Gala Games conservatorship for future ecosystem growth and/or project funding. Additionally, when GALA is spent on NFTs in the Gala Games store, it is burned, and an equal amount is added back to the lifetime distribution pool.

Gala Games was founded by Eric Schiermeyer, a co-founder of Zynga, and a team of experts from the gaming industry, cryptocurrency pioneers, and blockchain developers. The company is fully remote and US-based, with approximately 400 people globally involved in its operation as of early 2023.

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