Exchange Gala (GALA)
If you're looking to swap Gala, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Gala, or some fresh information about GALA’s price movements. And, of course, we provide you with multiple Gala exchange options so that you can choose the offer with the best rates and lowest Gala fees, as well as other parameters that suit you.
Gala Price Stats
To help you make a decision about exchanging your Gala, we gathered some cold hard numbers: Gala price chart and other stats, such as Gala market cap.
GALA 24H HIGH $0.03011137636655
GALA MARKET CAP $906,229,418.692
GALA CIRCULATING SUPPLY 30,704,927,857.712 GALA
GALA 24H LOW $0.02743141890941
GALA PRICE $0.0295141360661
GALA 24H VOLUME $76,367,724.609
Gala Price Chart
Here you can see the current price of Gala, as well as Gala price history.
What is Gala?
Gala Games is a blockchain-based gaming platform and ecosystem that aims to empower game developers and players through decentralized technology.
Gala Games was founded in 2018 by Eric Schiermeyer, who is a co-founder of Zynga, a well-known social gaming company. Eric Schiermeyer, along with other industry veterans, established Gala Games to explore the possibilities of blockchain technology in the gaming industry.
The company was founded with the aim of creating a blockchain-based gaming platform and ecosystem that would empower game developers and players through decentralization. The team behind Gala Games worked on building a suite of blockchain tools and technologies to enable the creation of decentralized games and virtual assets. The founders of Gala Games sought to innovate in the gaming industry by combining blockchain technology with traditional gaming elements, creating a new and unique gaming experience.
Gala Games has a mission to streamline the entry of gamers into the Web3 ecosystem. Users can start engaging in blockchain transactions effortlessly by linking their existing Coinbase or MetaMask wallet. Furthermore, Gala Games offers the convenience of purchasing many in-game items directly with credit cards.
In collaboration with OpenSea, Gala Games efficiently manages its official NFT collections, all of which are conveniently accessible on this designated collection page. With each Gala Games account being linked to an Ethereum wallet, players can seamlessly engage in peer-to-peer item trading on OpenSea.
Gala Games leverages blockchain technology, primarily the Ethereum blockchain, to create non-fungible tokens (NFTs) for in-game assets. This allows players to buy, sell, and trade virtual items securely, with ownership recorded on the blockchain.
Gala Games embraces the "play-to-earn" model, which allows players to earn cryptocurrencies and valuable in-game assets by participating in the games, creating new economic opportunities for gamers. Gala Games aims to involve the gaming community in the decision-making process through decentralized governance mechanisms, giving players a voice in the development and direction of the platform.
Gala Games has a unique feature where players can operate nodes that help secure the network and participate in game governance decisions. Node operators can earn rewards for their contributions.
Gala Games encourages community involvement in the decision-making process through a decentralized governance system. Token holders can participate in governance proposals and vote on platform changes.
At the beginning of 2022, Gala Games broadened its vision to encompass the entirety of Web3 entertainment, unveiling Gala Music and Gala Film. Furthermore, Gala's innovative generative NFT avatar initiative, VOX, achieved significant success with the release of four thriving series. Notably, these series included collaborations with renowned entities such as Dreamworks' Trolls and AMC's The Walking Dead.
An ambitious and gamified metaverse, set to serve as the ultimate home for all VOX avatars, is currently in development. This exciting project is led by none other than Will Wright, the creator of The Sims.
Within the Gala ecosystem, players gather in-game NFTs from various games hosted on the platform. These NFTs serve a dual purpose: they can be utilized in-game to unlock a range of benefits, enhancements, and reward opportunities, or alternatively, they can be freely traded on the secondary market. This unique capability to own and trade in-game assets provides players with the flexibility to explore and enjoy games with reduced commitment, granting them the freedom to delve into a wider array of gaming experiences.
While Gala frequently develops its own games, including titles such as Town Star, Mirandus, Last Expedition, and The Walking Dead: Empires, the company also collaborates with acclaimed external gaming studios.
GALA is the native cryptocurrency of the Gala Games ecosystem. It plays a central role in the Gala Games platform and the broader Gala ecosystem. GALA tokens are used for various in-game transactions, such as purchasing in-game items, assets, and NFTs. Players can earn GALA tokens by participating in the game, completing tasks, and achieving milestones.
On a daily basis, the emission of GALA tokens is distributed as follows: 50% of the newly minted GALA goes to Founder’s Node operators, while the remaining 50% is allocated to the Gala Games conservatorship. The funds within the conservatorship are earmarked for future ecosystem growth and potential project funding.
Whenever GALA is used to purchase NFTs in the Gala Games store, the entire amount of GALA spent is burned. Subsequently, an equivalent quantity of GALA is added to the lifetime distribution pool, which is slated for future recirculation as per the previously mentioned distribution model.
It's important to note that the total daily emission of GALA undergoes a halving process each year on July 21st, as part of the platform's emission control mechanism.
As of September 2023, the circulating supply of GALA tokens stands at 23,529,489,965 GALA, with the maximum total supply expected to reach approximately 50 billion GALA.
Average Fees on GALA
The average fees on the Gala Games platform, like most blockchain-based platforms, were subject to the network they operate on, primarily the Ethereum blockchain.
GALA Token Wallets
GALA tokens can be stored in any Ethereum-compatible wallet, including Meta Mask, My Ether Wallet, Trust Wallet, Ledger Nano S/T, Trezor, Exodus, Atomic Wallet, Coinbase Wallet, Enjin Wallet, Guarda Wallet, Infinito Wallet, Coinomi, etc.
A Simple Way To Exchange Gala Here At SwapSpace
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