![]() On Bybit, you can trade GALA as a USDT Spot pair ( GALA/USDT ) or as a USDT perpetual ( GALAUSDT ). You can buy GALA from any top crypto exchange, including Bybit. This is the most secure option as hardware wallets are offline and not vulnerable to hacking. You can also use a hardware wallet like the Ledger Nano S to store your GALA tokens. We recommend using the MetaMask, Atomic Wallet, or Trust Wallet. GALA can be stored in a wallet that supports ERC-20 tokens. Read more: Gala Games (GALA): Blockchain-Powered Gaming at Its Finest How To Store GALA One of its NFTs was even sold for a whopping $3 million. Today, the platform has grown to accommodate 1.3 million monthly active users. Gala Games was founded in 2019 by Eric Shiermeyer, the co-founder of a popular online and mobile game company called Zynga, Michael McCarthy, the Art Director of Zynga, and Wright Thurston, a serial blockchain entrepreneur and crypto miner. Arkham +748 Binance IEO Sui Crypto +437 Binance IEO Open Campus +851 Binance IEO GMT +1508 Binance IEO. The total cryptocurrency market cap is currently 1.06T, a decrease of -1.99 over the last 24 hours. From Jul 21, 2022, the distribution of GALA has been halved to 8,561,643. Live Crypto Prices and Cryptocurrency Market Cap. From to Jul 20, 2022, 17,123,286 GALA was distributed daily at a 50-50 split to Founder's Node Operators and Gala Games Conservatorship. GALA has a maximum and total supply of 50 billion. With low barriers to entry, more gamers will be enticed to try the games on its platform. NFTs can also be bought easily via the popular crypto payment portal,. The platform has a low barrier to entry for gamers as all the games are free to play. Founder's Nodes can even vote to change the platform's direction. Players not only have control over their in-game assets in the form of NFTs, but they will also be able to influence the Gala network if they participate as nodes. ![]() With this design, every member of the community benefits from the platform's reward structure. ![]() This decentralization makes it more resistant to censorship and hacking. The Gala Games platform is community-owned, meaning that it is not controlled by a single company or entity. There are a few things that make Gala Games unique: Community-Owned Gala Games also offers a variety of social features, such as chat and forums, which lets you connect with other gamers. Besides Game Nodes, the Gala Games ecosystem also has Player Nodes and Film Nodes which run the music and film spaces in the Gala network. The platform's games are fully decentralized and managed by Game Nodes. There are only 50,000 Founder's Nodes, and the number of Founder's Nodes will never increase. Founder's Nodes oversee the whole network and can vote on decisions related to Gala Games' growth. The entirety of this ecosystem is built on an L1 blockchain called Project GYRI to provide a network of games. Gala Games operates as a gaming hub built for web3-ready consumers. It is also distributed daily as a reward for Founder's Node operators who help secure the network and participate in the voting process. GALA is used to purchase NFTs and Licenses for Gala Nodes. What Is GALA Used For?Īn ERC-20 token, the Gala Games token (GALA) is the native utility and governance token of the Gala Games platform. ![]() So far, Gala Games has released three games on its platform: Town Star, Spider Tanks, and Superior. With this approach, players not only get to own NFTs, but they can also influence the types of games created on the platform among other in-game items. This is achieved through a creative node voting process where players are allowed to have input in the game development. Beyond its inception as a digital currency, Bitcoin has attracted many investors to explore its functionality as a store of value instrument, reaching an all-time high $1.1 trillion market cap in March 2021.GALA is the native token of Gala Games, a gaming platform that aims to make blockchain-based games as intuitive and fun to play as traditional, centralized games. Mined BTC can be exchanged for other currencies, products, and services. Bitcoin is powered by a distributed network of validators providing computational power to “mine” blocks on the blockchain. Blockchain is a stateless protocol, with each block representing a state change and containing a summary of all the transactions in the block over a given time frame (block time). Each block uses the previous block's hash to create its own hash. Blockchain is an immutable append-only data structure. All transactions are recorded in a public distributed ledger referred to as a blockchain. Transactions on the Bitcoin network are sent between users directly with no intermediary. Bitcoin was envisioned as an alternative to traditional electronic payment methods, removing the requirement for a central bank or administrator. Bitcoin is the first cryptocurrency and decentralized global payment system - the true OG.
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