GALA
Reputation Ratings

GALA

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

$ 0.06264 USD

$ 0.06264 USD

Market Cap

$ 2.1176 billion USD

$ 2.1176b USD

24h trading volume

$ 500.165 million USD

$ 500.165m USD

7d Vol

$ 4.2177 billion USD

$ 4.2177b USD

Circulating supply

29.3633 billion GALA

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.06264USD

Market Cap

$2.1176bUSD

Volume of Transaction

24h

$500.165mUSD

Circulating supply

29.3633bGALA

Volume of Transaction

7d

$4.2177bUSD

Change

24h

+0.57%

Number of Markets

391

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

--

Token conversion

BTC
LTC
XRP
DASH
XMR
XLM
USDT
XEM
ETH
WAVES
ETC
NEO
ZEC
MIOTA
EOS
BCH
BNB
TRX
LINK
ADA
XTZ
REV
FIL
THETA
ZIL
HT
SNX
CEL
VET
INO
CRD
USDC
BSV
CRO
WBTC
ATOM
LEO
BUSD
DAI
HEX
XT
CCXX
IZE
YFI
DOT
UNI
AAVE
DYDX
/
USD
AUD
BRL
CAD
CHF
CLP
CNY
CZK
DKK
EUR
GBP
HKD
HUF
IDR
ILS
INR
JPY
KRW
MXN
MYR
NOK
NZD
PHP
PKR
PLN
RUB
SEK
SGD
THB
TRY
TWD
ZAR
AED
BGN
HRK
MUR
RON
ISK
NGN
COP
ARS
PEN
VND
UAH
BOB
ALL
AMD
AZN
BAM
BDT
BHD
BMD
BYN
CRC
CUP
DOP
DZD
EGP
GEL
GHS
GTQ
HNL
IQD
IRR
JMD
JOD
KES
KGS
KHR
KWD
KZT
LBP
LKR
MAD
MDL
MKD
MMK
MNT
NAD
NIO
NPR
OMR
PAB
QAR
RSD
SAR
SSP
TND
TTD
UGX
UYU
UZS
VES

Current Rate0

Available

0.00USD

Calculate

Historical Price

Introduction

Markets

3H

+4.76%

1D

+0.57%

1W

+5.2%

1M

+17.96%

1Y

+245.69%

All

+478.39%

Aspect Information
Short Name GALA
Full Name GALA token
Founded Year 2019
Main Founders Eric Schiermeyer, Wright Thurston
Support Exchanges Binance, Gate.io, Bitrue, etc.
Storage Wallet Metamask, 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

Pros Cons
Backed by experienced founders Cryptocurrency volatility
Listed on multiple exchanges Investment risk due to market fluctuations
Can be stored in various popular wallets Dependent on technological infrastructure
Part of the rapidly evolving field of blockchain gaming Regulatory concerns and uncertainty

Pros of GALA token:

1. Backed by Experienced Founders: The GALA token can be considered relatively reliable as it was founded by Eric Schiermeyer and Wright Thurston, who bring a wealth of knowledge and experience to the project.

2. Listed on Multiple Exchanges: This token is listed on numerous cryptocurrency exchanges, such as Binance, Gate.io, and Bitrue. This availability enhances the token's accessibility and ease of trading globally.

3. Can Be Stored in Various Popular Wallets: GALA tokens support diverse wallet options for storage like Metamask and Trust Wallet. This not only provides users with flexibility for their storage needs but also enhances the security of the tokens.

4. Part of the Rapidly Evolving Field of Blockchain Gaming: GALA has positioned itself in the fast-growing world of blockchain gaming. This emerging industry could potentially provide new use cases and enhance the token's value.

Cons of GALA token:

1. Cryptocurrency Volatility: Like all cryptocurrencies, GALA experiences price volatility. This volatility adds a layer of financial risk to holding or investing in GALA tokens.

2. Investment Risk Due to Market Fluctuations: The value of GALA tokens, akin to other cryptocurrencies, is heavily influenced by broader market trends and speculative trading. This exposure to market forces presents a risk to investors.

3. Dependent on Technological Infrastructure: The utility and performance of GALA tokens hinge on the functioning of the underlying technological infrastructure. Any issues or failures within this infrastructure could affect the token's utility.

4. Regulatory Concerns and Uncertainty: The drastically evolving regulatory environment around cryptocurrencies presents potential business challenges and risks for GALA. Changes in regulations within any jurisdiction can adversely affect their acceptance and usage.

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. But remember, the reward rates, security, and ease of use can vary based on various factors, and users should perform due diligence when engaging with any cryptocurrency.

Circulation of GALA

GALA's price has fluctuated significantly since its launch. The coin reached its all-time high of $0.82 in November 2021, but has since fallen back to around $0.01.

There is no mining cap for GALA. This means that there is no limit to the number of GALA coins that can be mined. However, the Gala Games team has said that they will implement a “lifetime distribution pool” in the future. This pool will be used to recirculate GALA coins that have been burned.

The total circulating supply of GALA is currently 26.53 billion GALA.

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

It is important to note that before purchasing GALA or any other cryptocurrency on these exchanges, users should do their own due diligence and ensure they understand the procedures and risks inherent in cryptocurrency trading. A user's experience may vary based on several factors such as geographical locations, user skills, and the specific terms and conditions of each exchange.

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.

Please note that while these wallets can securely store and manage your GALA tokens, they reflect different levels of security, user-friendliness, and other features. Users should properly research and consider what wallet best fits their needs and be sure to follow proper security protocols to safeguard their assets. Being cryptocurrencies, these assets can be subject to hacking and other forms of digital theft if not secured correctly.

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.

Given this, for individuals who are interested in purchasing GALA tokens, the following advice may be helpful:

1. Research Thoroughly: Before investing in GALA or any other cryptocurrency, conducting thorough research is paramount. With GALA, look into the GALA Games platform and its games, as the success of these components will likely influence the value and utility of the GALA token.

2. Invest Wisely: Only invest money that you can afford to lose. The price of cryptocurrencies can change rapidly in very short timescales which can mean significant capital gains, but also significant losses.

3. Diversify: Rather than investing all your assets in one cryptocurrency, consider diversifying your investment across different cryptocurrencies to spread the risk.

4. Stay Informed: Keep up-to-date with the latest news in the cryptocurrency sector and particularly with news relating to GALA tokens and the gaming platform.

Take note that this advice doesn't substitute for professional financial counsel and is intended as guidance. Any investment decision should be made in consultation with suitable financial advisors and based on the individual's financial situation, risk tolerance, and investment goals.

Conclusion

GALA Token, a cryptocurrency tied to the GALA Games platform, represents a unique area within the crypto space as it merges gaming with blockchain technology. The availability of GALA on major exchanges like Binance, Gate.io, and Bitrue, and its traceable storage via wallets such as Metamask and Trust Wallet make it accessible and manageable for users.

In terms of making money or appreciation, like other cryptocurrencies, GALAs value is subject to market dynamics, speculation, and overall sentiment toward the crypto market. It's essential to note that while cryptocurrency investments can potentially generate substantial returns, they are also highly volatile, with prices capable of rapid and significant fluctuation.

Looking ahead, the development prospects of GALA largely hinge on broader trends in blockchain gaming, the popularity and success of games on the GALA Games platform, and regulatory approaches to cryptocurrencies. Additionally, the increasing adoption and success of blockchain applications within the gaming industry could potentially impact the prospects of GALA.

Ultimately, potential investors should conduct exhaustive research, consider their risk tolerance, and possibly seek advice from a financial advisor before engaging in cryptocurrency investments, including GALA. As with all investments, there is no guaranteed return, and risks should be thoroughly understood before committing any capital.

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.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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
jeaaaa
Had a huge gain and loss here before. So set up your expectations guys!
2023-08-24 18:27
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
pau5718
gala token is also good. try to look this coin and invest for the future.
2023-08-24 11:56
0
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
aile
gala is one of best project so far
2023-09-05 12:52
9
aile
gala is one of best project
2023-09-05 12:50
8
paul themaster
very bullish project
2023-09-06 13:26
8
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

View all comments

News

TokenCrypto Price Analysis 23 March: ETH, GALA, SHIB

Crypto Price Analysis: On Saturday, the cryptocurrency market witnessed a modest uptick as the leadi

2024-03-23 21:09

Crypto Price Analysis 23 March: ETH, GALA, SHIB

ExchangeGaming Tokens Gala, Pixels, and Ronin Skyrocket as Bitcoin Price Hits $70,000

Prominent crypto tokens tied to video games and gaming chains have skyrocketed in value so far this

2024-03-11 03:37

Gaming Tokens Gala, Pixels, and Ronin Skyrocket as Bitcoin Price Hits $70,000

TokenGaming tokens Gala, Ronin, MANA soar as Axie Infinity users rebound

Gaming cryptocurrencies were among the best performers during the weekend amid rising demand from da

2024-03-10 17:04

Gaming tokens Gala, Ronin, MANA soar as Axie Infinity users rebound

TokenCrypto Price Prediction As GameFi Tokens Go Ballistic: Tech Savvy Investors Eye SAND, MANA, GALA

Crypto Price Prediction: The cryptocurrency market is riding on accelerated bullish momentum, follow

2024-03-01 20:39

Crypto Price Prediction As GameFi Tokens Go Ballistic: Tech Savvy Investors Eye SAND, MANA, GALA

ExchangeCrypto Market Analysis 2/28 As Bitcoin Peaks Near $60,000: ETH, PEPE, GALA

Crypto Market Analysis: The increasing demand from the traditional market through spot BTC ETFs cont

2024-02-28 21:00

Crypto Market Analysis 2/28 As Bitcoin Peaks Near $60,000: ETH, PEPE, GALA

NewsGala Games Founders Have Been Reported to Have Filed Lawsuits against Each Other

Gala Games Founders Have Been Reported to Have Filed Lawsuits against Each Other

2023-09-04 10:42

Gala Games Founders Have Been Reported to Have Filed Lawsuits against Each Other

IndustryAdvance Announces the Second Annual Edition of the MEWS Honouring the Creators, Companies and Communities Revolutionising the Metaverse

The MEWS is set to host the most prestigious B2B event of the year for the international Metaverse & Web3 community as the second MEWS takes place from May 3rd-5th 2023.

2023-04-12 05:11

Advance Announces the Second Annual Edition of the MEWS Honouring the Creators, Companies and Communities Revolutionising the Metaverse

Defi GameFi analytics help blockchain gamers sift through crypto games

In 2022, the volume of venture investments in Web3 games and the metaverse amounted to $7.6 billion.

2023-03-02 14:01

 GameFi analytics help blockchain gamers sift through crypto games

Defi Gala token exploit 'not a white hat act': Huobi Global

Huobi threatened to take legal action against pNetwork and represent its users that sustained damages from the incident.

2022-11-07 10:18

 Gala token exploit 'not a white hat act': Huobi Global
View More