GALAUSDT (-5.3%)
GALA is known as the fuel that runs the Gala gaming ecosystem. It's a well established Ethereum-based cryptocurrency, which has transformed the gaming industry by giving players control. The blockchain and coin empowers players to take true ownership of the time and money that they've invested into playing. The blockchain is not overtly present within the games, and players enjoy simple gaming mechanics regardless of whether they know how to use blockchain technology. The Gala Games Network depends on the player-owned Node Ecosystem.
A Bit About Gala Coin
The token runs on Ethereum, and the company's purpose is to make blockchain-powered games that people want to play. The Gala platform has approximately 1.3 million active users. With Gala you can purchase NFTs, upgrades, and in-game assets and items. It is also a governance token.
Own your gameplay, with Gala Games token.CryptoLists.com
The Gala Token is the main cryptocurrency utilized in the Gala Games Ecosystem and it lives on the Ethereum blockchain. The token is secure and transferable between users, who can control how to use it. It is a non-refundable utility token and a medium of exchange between the gaming participants. The coin provides a secure mode of payment between the participants. These include digital goods or in-game items. Users can purchase a node in Gala and vote on the games the Gala Games platform publishes. The user's voting ability has an impact on the gaming ecosystem.
Utility of Gala Coin?
The participants of the games utilize the Gala token in various ways. For example, they're able to make purchases and trade within the ecosystem. Additionally, owners of the tokens make in-game purchases and make exchanges with other participants. The participants can also exchange the currency for fiat money.
The games are free-to-play and are accessible over the blockchain through a decentralized application.
Gala Coin Price details
ETH Contract address: 0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA
›› Details & Tokenomics
›› GALA tokenomics and social media
Advantages of Gala Coin
+ Gala coin has experienced founders.+ It's perhaps the most prominent gaming token in existence.
+ The coin has been around since 2019 with promising results.
+ Gala provides real-world solutions in the gaming space.
+ The company behind it has highly ambitious plans.
Disadvantages
- The platform's initial plans haven't all come to fruition as anticipated.- Gala faces tough competition within the gaming space.
- The returns are uncertain.
- Ethereum gas fees are still high despite the Merge.
- The market cap and price of GALA can be volatile.
Costs
▪ Rated at 8/10The Gala Coin runs primarily on the Ethereum network, which is known for its variable gas fees. However, since the famous Merge event where Ethereum switched from proof-of-work consensus to proof of stake, the transaction fees have lessened somewhat. And, this should continue as the network continues its ongoing updates.
However, one of the additional benefits of GALA is that it's also available as a BEP-20 token on the BNB chain. The fees on this chain are usually lower, however, a multitude of factors can affect costs and these don't depend on the Gala coin itself.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 10/10
The token and company have thrived due to their uniqueness and reputation within the gaming space. In addition, Gala Games' mision is to give power to the community base in the gaming world.
Online discussions on investors' websites predict the company to be a leader in the growing Web3 gaming space. The buzz around real gameplay will attract a greater audience of gamers. The Reddit crypto platform expects the decentralized gameplay to meet the expectations of online gamers over time.
FAQ
When will the Gala Coin touch $1?
Crypto Lists don't do estimates or recommendations of coins and tokens such as Gala. It's impossible to predict if and when Gala might reach one dollar per token, if ever.
Is the Gala network secured?
A triple-proof node system and the Ethereum blockchain secure the network. The triple-proof node system includes proof of work, proof of stake, and proof of storage.
Who owns Gala games?
They are a subsidiary of Zygna Games, the team behind a plethora of very successful Facebook games. Particularly Farmville among others in the 2010s.
History of Gala Coin
2019 - The Gala Games platform was founded in the United States by Eric Schiermeyer. He was co-founder of Zygna Games, which rose to prominence due to its popular Facebook games.
18 September 2020 The Gala Coin (GALA) is launched. However, the token did not have an initial offering.
31 October 2022 - The platform launches, Spider Tanks, which is talked about as the first blockchain-based Esports game.
January 10 2023 - The Gala Games group announces a fresh wave of 15 new games which sends the coin up approximately 100% between the 7th and 9th of the month.
January 12 2023 - Gala Games announces partnership with Dwayne Johnson and Mark Wahlberg to create a movie for the Gala Films
Screenshots from Gala Coin
More sites where to buy/sell/trade Gala Coin
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Gala Coin details and tokenomics
BSC Contract address: 0x7ddee176f665cd201f93eede625770e2fd911990
GALA and Aptos (APT) lead the way for altcoins this week
