GALAUSDT (2.88%)
Another upcoming Ethereum-based cryptocurrency is Gala which has transformed the gaming industry by giving players control. The game lets players get ownership of the time and money invested in the game. The blockchain is invisible in the games, and players use simple game mechanics regardless of whether they know how to use blockchain. The Gala Games Network depends on the player-owned Node Ecosystem.
A Bit About Gala Coin
The coin was founded in the United States by Eric Schiermeyer in 2019. He is famous for games such as Farmville. The token runs on Ethereum, and its purpose is to make blockchain games that people want to play. The game has approximately 1.3 million active users. It reintroduces creative thinking through the liberty people are given in blockchain technology. It can purchase NFTs, upgrades, and in-game assets and items. It can also be 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 by the Ethereum blockchain. The token is secure and transferable between users, who can control how to use it. The initial game, Town Star, exhibits a reward structure of these tokens to top players. It is a non-refundable utility token and a medium of exchange between the gaming participants. The game 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 to the Gala Games platform publishes. The user's voting ability has an impact on the gaming ecosystem. The owner has rewarded the tokens according to a points system. If one runs a node for six hours in a cycle, they receive 1 point. Also, the NFT project called VOX enables users to purchase avatars with various traits. The owners of the avatars make players eligible for rewards in Town Star. The items held on the Ethereum blockchain are accessed using a variety of open-source and secure wallets and storage mechanisms.
Utility of Gala Coin?
The participants of the game utilise the token. They make purchases and trade in between the users. 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
ERC20 Contract address: 0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA
›› Details & Tokenomics
›› GALA tokenomics and social media
Advantages of Gala Coin
+ It has experienced founders.+ There are impressive social media reviews of Gala.
+ The coin has been in existence since 2019 with promising results.
+ It provides real-world solutions in the gaming space.
Disadvantages
- The process is still being set up in its initial stages.- Gala faces tough competition.
- The returns are uncertain.
- Ethereum gas fees are still extremely high.
- The rewards seems to decrease every year.
Costs
▪ Rated at 8/10The costs when using the token show that deposit transfers are free. The deposit and withdrawal fees are compared by the exchange prices as follows:
Exchange CoinDCX withdrawal fee on the chain network is free, and deposit is free. The minimum withdrawal amount of the token is $0.0363872
Exchange FTX has an undefined withdrawal fee, and the deposit is free.
Exchange WazirX has an undefined withdrawal fee and free deposit.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 10/10
The token and company have thrived due to their uniqueness. In addition, the company intends to give power to the community base in the gaming ecosystem.
Online discussions on investors' websites predict the company to be a leader. 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.
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 coin/token. Click on the logo to read our review.
Gala Coin details and tokenomics
BSC Contract address: 0x7ddee176f665cd201f93eede625770e2fd911990
