GALA
Reputation Ratings

GALA

Gala
Cryptocurrency
Website https://gala.games/
Browser
OTH RELPs
Github
White Paper
GALA Avg Price
+0.57%
1D

$ 0.06264 USD

$ 0.06264 USD

Market Cap

$ 747.225 million USD

$ 747.225m USD

24h trading volume

$ 53.675 million USD

$ 53.675m USD

7d Vol

$ 470.997 million USD

$ 470.997m USD

Circulating supply

34.9604 billion GALA

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.06264USD

Market Cap

$747.225mUSD

Volume of Transaction

24h

$53.675mUSD

Circulating supply

34.9604bGALA

Volume of Transaction

7d

$470.997mUSD

Change

24h

+0.57%

Number of Markets

467

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2020-08-10 08:48:14

Language Involved

--

Agreement

--

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Current Rate0

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GALA Price Chart

Introduction

Markets

3H

+4.76%

1D

+0.57%

1W

+5.2%

1M

+17.96%

1Y

+245.69%

All

+478.39%

AspectInformation
Short NameGALA
Full NameGALA token
Founded Year2019
Main FoundersEric Schiermeyer, Wright Thurston
Support ExchangesBinance, Gate.io, Bitrue, etc.
Storage WalletMetamask, Trust Wallet, etc.

Overview of GALA

GALA is a type of cryptocurrency, aptly named GALA token. It was founded in 2019 by Eric Schiermeyer and Wright Thurston. GALA is listed on various cryptocurrency exchanges including Binance, Gate.io, and Bitrue. As for the storage of the GALA tokens, they can be stored in several wallets such as Metamask and Trust Wallet. Product features and performance may vary based on different factors and user experience may also change over time or in different usage situations.

Overview of GALA

Pros and Cons

ProsCons
Backed by experienced foundersCryptocurrency volatility
Listed on multiple exchangesInvestment risk due to market fluctuations
Can be stored in various popular walletsDependent on technological infrastructure
Part of the rapidly evolving field of blockchain gamingRegulatory concerns and uncertainty

Unique Features of GALA

GALA token marks its uniqueness within the realm of cryptocurrencies through its strong association with the GALA Games platform, an ecosystem explicitly designed to support the development and operation of blockchain-based video games. While many cryptocurrencies function predominantly as a medium of exchange or store of value, GALA distinguishes itself by becoming an integral part of a digital entertainment platform. Users can earn GALA by playing games on the platform, and developers can use it to incentivize player participation.

However, it's critical to note that GALA is not the only game-dependent cryptocurrency. There's an array of other gaming cryptocurrencies that offer distinct advantages and user experiences, such as Enjin Coin (ENJ), Decentraland (MANA), and Flow developed by Dapper Labs, each with a unique approach to integrate blockchain technology into gaming. Furthermore, the specific features, performance, and potential of the GALA token are contingent on the success of the games on the GALA Games platform and the uptake of GALA as a form of in-game currency by both players and developers.

How Does GALA Work?

GALA operates on a different foundational principle compared to cryptocurrencies like Bitcoin. Rather than adhering to a proof-of-work model (like Bitcoin) that requires vast computational power and resources to mine, GALA operates on a node-based system.

Participants establish nodes on their devices to support the network. Reward distribution in GALA token takes place primarily through activities on the GALA Games platform, rather than through a traditional mining process. Each of these nodes verifies transactions and maintains the network's performance and security. Node owners get rewarded with GALA for their participation. Therefore, it does not require specific high-performance mining equipment akin to those needed for Bitcoin mining.

Unlike Bitcoin, where the mining speed is dependent upon computational power, with GALA, it primarily depends on the number of nodes a user operates and the activities performed on the GALA Games platform. This democratized system aims to offer equitable opportunity distribution and fairness in the network.

Nevertheless, a likeness can be drawn between Bitcoin and GALA when it comes to processing time. Despite the different operating mechanisms, the processing time for transactions in both cryptocurrencies is dependent on various factors such as network congestion and transaction size.

As for Mining Software, owing to the unique workings of GALA, it doesn't share similar software requirements as Bitcoin or other cryptocurrencies employing conventional proof-of-work or proof-of-stake models. Instead, the embedding of the ecosystem into the games allows for a seamless, intuitive, and user-friendly experience.

Exchanges to Buy GALA

GALA token is available for purchase on several cryptocurrency exchanges known for their extensive user base and high liquidity. Key among them are:

1. Binance: Binance is a globally recognized cryptocurrency exchange known for its vast list of supported cryptocurrencies and advanced trading features.

2. Gate.io: Gate.io is also another platform that offers a robust crypto to crypto exchange service, also highlighting a wide array of supported tokens, including GALA.

3. Bitrue: Bitrue is known for its integrative crypto services, offering support for a broad spectrum of cryptocurrencies, including GALA.

Exchanges to Buy GALA

How to Store GALA?

Storing GALA tokens involves moving them into a designated wallet that supports this specific type of cryptocurrency. Wallets can be software-based (such as mobile apps and desktop programs) or hardware-based physical devices that securely store your private keys offline. Here are a few wallet options to consider for storing GALA tokens:

1. Metamask: Metamask is a well-known Ethereum-based wallet, available as a browser extension or a mobile app. Metamask can be used to store and manage GALA tokens.

2. Trust Wallet: Trust Wallet is a secure and easy-to-use wallet that supports a multitude of tokens, including the GALA token. It's a mobile application available for both iOS and Android devices.

3. Ledger: Ledger is a hardware wallet which is considered one of the most secure ways to store cryptocurrencies. It supports a wide array of cryptocurrencies, including GALA through third-party apps.

Ledger Wallet

4. Trezor: Trezor is another hardware wallet that accommodates an extensive range of cryptocurrencies, including GALA when used in combination with third-party interfaces.

Should You Buy GALA?

Investing in GALA might be suitable for individuals who have a clear understanding of the crypto market, blockchain technology, and the specific value proposition of GALA tokens within the scope of blockchain-based gaming. This currency could be particularly appealing to those interested in the emerging world of crypto-powered gaming platforms.

However, any type of cryptocurrency investment, including GALA, involves substantial risk. It's essential to highlight that cryptocurrency prices are highly volatile and can fluctuate rapidly, making them a high-risk investment option. The prospective profitability of investing in such assets is largely speculative and depends on the broader crypto market trends and the targeted cryptocurrency's market demand, in this case, the GALA token.

FAQs

Q: How do I store my GALA tokens?

A: GALA tokens can be stored on various wallets that support this type of cryptocurrency, such as Metamask and Trust Wallet.

Q: What's unique about GALA compared to other cryptocurrencies?

A: One standout feature of GALA is its close connection with the GALA Games platform, making it integral to a digital entertainment ecosystem, unlike many other cryptocurrencies which mainly serve as a means of transaction or storage of value.

Q: Can I trade GALA on well-known exchanges?

A: Yes, GALA can be traded on several established cryptocurrency exchanges including Binance, Gate.io, and Bitrue.

Q: How does GALA differ from Bitcoin in functions and operations?

A: Unlike Bitcoin's proof-of-work model, GALA operates on a node-based system where rewards are primarily allocated through activities on the GALA Games platform rather than traditional mining.

User Reviews

More

47 ratings

Participate in evaluation
Mickeyshow
It's a token that's used in the Gala Games ecosystem, which is a decentralized gaming platform that allows users to play, create, and own games. The GALA token is used for things like purchasing in-game items and voting on governance decisions. It's a pretty unique use case for a cryptocurrency, and it's definitely gained some popularity recently.
2023-12-21 13:30
8
Dory724
Powers the Gala Games ecosystem, empowering players and developers. A unique concept with potential, but competition in the gaming sector is intense.
2023-11-24 19:09
1
Vita
GALA's withdrawal speed is really bad, even slower than my old aunt. The customer service staff are also becoming increasingly unsatisfactory, unprofessional and unable to accurately resolve problems.
2023-12-07 01:15
3
FX1149643685
GALA is too expensive in trading fees and not many crypto options. What a disappointment!
2023-11-04 18:06
4
Windowlight
Gala (GALA) is the native token of the Gala Games ecosystem, emphasizing a play-to-earn model in the gaming industry. Enabling players to earn rewards and participate in governance, Gala has carved a niche by empowering the gaming community. With a focus on blockchain technology and decentralized game development, Gala presents an intriguing opportunity for gamers and investors alike within the evolving landscape of blockchain-based gaming.
2023-11-21 01:36
8
Lala27
A comprehensive and exciting cryptocurrency game initiative is Gala Games. Gala Games' gameplay offers an immersive experience with its heads-up display, inventory, and movement, combining aspects of PlayerUnknown's Battlegrounds and H1Z1.
2023-11-26 19:47
3
leofrost
Gala has gained attention for its play-to-earn gaming ecosystem. The project's focus on blockchain gaming and the creation of a virtual economy has intrigued many. Keep an eye on Gala if you're into the intersection of blockchain and gaming for potential developments.
2023-11-07 00:38
5
FX1922645651
GALA platform, secure without a doubt & boasting fab interfaces but they gotta step up on the customer support.
2023-11-03 04:13
5
Scarletc
good to invest for now,but be mindful of the future 🇳🇬
2023-11-01 20:58
1
Dan3450
Gala (GALA) is an exciting cryptocurrency token with a clear use case in the gaming world.
2023-10-30 19:35
4
Jenny8248
It aims to create a gaming platform where players own their assets and contribute to the gaming universe's governance.
2023-11-22 19:46
2
hardwork
Gala is a great choice for people who want to use cryptocurrency for gaming and entertainment. It is also a good option for people who want to invest in a cryptocurrency with a strong community.
2023-11-04 01:24
6
didhitwdntr
$GALA in bull run! 🚀🔥
2023-01-14 08:06
0
yu330
Gala is one of the best game fi projects. their projects are well structured and planned and have potential in the future.
2022-12-24 06:33
1
aile
The decentralized Gala Games ecosystem aspires to blow the doors wide open and give players back the control they deserve. Through decentralization, players not only own their in-games items, but they have a voice in how the Gala Games roadmap develops. Players and node owners will be enlisted, via distributed voting mechanisms, to help determine what games should be added to the platform or what should be funded by the decentralized Gala Games ecosystem.
2022-12-23 18:35
0
chocoratoz
GALA is a blockchain-based crypto gaming platform that lets users earn GALA tokens for completing challenges and achieving other milestones. As a player, you can also use GALA coins to purchase in-game NFTs. Outside this gaming ecosystem, it is possible to trade GALA tokens for other cryptocurrencies, or fiat money. You guys should check them out, very promising GameFi Project 🔥🔥🔥🔥
2022-12-22 23:56
0
anafi
gala is actually an interesting, best project ever
2022-12-22 06:35
0
yu330
$STATE is building big! Amazing project with amazing Core shibainu Developer doing your research will stand you in good stead for the future 💥
2022-12-22 00:53
0
as4134
invest and w8 1 year 100 to 200x not f.a
2022-10-24 12:57
0
jeaaaa
Had a huge gain and loss here before. So set up your expectations guys!
2023-08-24 18:27
4

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