Gala (GALA): More than A Play-to-Earn Asset

tl;drGala Games aims to require the gaming industry in an exceedingly different direction by giving players back control over their games. Its mission is to create "blockchain games you will need to play." The project has benefits affording players the luxury of spending many dollars on in-game assets, allowing for countless hours being spent playing the sport. Financially, GALA's Return On Investment (ROI) has been 260,563% over the last year; its market cap is $5,204,773,953 billion, and its rank is #43. Speaking of popularity GALA’s Twitter users had a 374% growth rate. It shows that GALA's social media networks did their job nicely!
Gala (GALA): More than A Play-to-Earn Asset
Gala (GALA): More than A Play-to-Earn Asset
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Gala (GALA) Key Features

  • Gala Games is a gaming platform combined with Non-Fungible Tokens(NFT) to develop an ecosystem of blockchain. 
  • It allows players to trade and own game items with anyone on a worldwide level.
  •  Gala games specialize within the whole gaming industry giving players control back over their competition.
  • The purpose of Gala Games is to create "blockchain games that gamers will be desiring to play."
  • The project wants to create a change in the community because players can spend many dollars on gaming assets and countless hours playing the sport.
  •  GALA is the native utility token with several uses, including network governance, node operator incentives and in-game rewards for players being an element of the games available on the platform. 
  • Gala is also used as an in-game currency to get NFTs and items within the Gala store.
  • Since the platform was first introduced back within the 2019 model year Gala Games has grown to over 1.3 million active users each month and nearly 26000 NFTs have already been sold. Interestingly with expensive pieces priced at $3 million.

Unique Ways To Profit In Gala

Blockchain-powered and Play-to-earn games with player-owned assets are nothing new within the cryptocurrency industry. However, Gala Games features a few tricks up the sleeve that arguably helps it blaze its trail during this increasingly crowded space.

Here, we take a glance at a number of its most outstanding distinguishing features:

  • Built On Binance Smart Chain.
  • It is originally built on the Ethereum blockchain.
  • Gala Games recently leveraged the p.Network Bridge DApp to bridge the GALA token to Binance Smart Chain as a BEP-20 asset.
  •  This enables players to dramatically reduce transaction fees when using or spending their GALA tokens.

The Best Exchange Platforms

Some of the top exchanges for trading Gala (GALA) currently on centralized exchanges (CEX) include Binance, OKEx, Coinbase Exchange and BtcTurk PRO. You can find others listed on the CoinMarketCap crypto exchange page.

Who founded Gala (GALA)?

Eric Schiermeyer founded Gala Games. He was the co-founder of Zynga a famous mobile game and social organization. Below Schiermeyer's administration, Zynga started popularizing achievements like Farmville, Poker and Mafia Wars. He also has a reputation for working on the cutting edge of gaming, launched Gala Games in July 2019 and give players more ownership of their games.

Gala (GALA) Development

Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Its mission is to form "blockchain games you will need to play." It plans to reintroduce creativeness into games.

Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder's Nodes voting mechanism allows players to manage what games Gala should develop and acquire funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA – its utility token. So far It has released one playable game – Town Star and an NFT collectable series – VOX. It plans to release more features in the future, like a fantasy RPG game, a sci-fi strategy game and a tower defence game.

Since launching in 2019 It has grown to 1.3 million monthly active users. Currently, 26,000 NFTs are sold with the most expensive piece valued at $3 million as previously mentioned.

Purpose of GALA token

The GALA token is the primary cryptocurrency employed in the Gala Games Ecosystem. Learning about what this token is and what it does is essential in understanding how to use it.

How Does Gala Games (GALA) Work?

Gala Games is somewhat almost like the GOG or Steam store. However, unlike these stores, all games are 100% free-to-play and are accessed over the blockchain through a decentralized application (DApp).

Gala Games currently has 5 games available:

  • Mirandus: An epic fantasy RPG adventure where players battle monsters in various locations and build their land to earn revenue.
  • Spider Tank: Spider Tank is a multiplayer online battle arena (MOBA) game that permits players to duke it out on various maps using their spider tanks and multiple armaments.
  • Town Star: A town building and development game that permits players worldwide to compete to earn NFTs.
  • They are fortified: A PvP tower defence game that sees players put their strategies to check to employ a type of player-owned assets.
  • Echoes of Empire: An epic sci-fi strategy game that sees players wage war over the scarce resources scattered throughout the universe.

Players will Find A Fully-Fledged NFT Store Which Supports All Of The Player-Owned In-Game Assets. This stuff is Divided Into Six Rarity Classes: Common, Uncommon, Rare, Epic, Legendary And Ancient. They all can be Bought Or Sold In Multiple Cryptocurrencies because of Its Integration With CoinPayments.

ECONOMIC ANALYSIS

Before choosing a project to invest in, it is essential to consider the metrics of a project. One of the most important details is the economic aspects that we will delve a little deeper into in the following section.


GALA Tokenomics

The GALA token encompasses a fixed maximum supply of fifty billion units. Out of this near 7 billion GALA are currently circulating. This represents ~14% of the whole total.

According to the official GALA documentation, 17,123,286 GALA are distributed every day — 1/2 which matches the founder's node operators. In contrast, the opposite half goes to the Gala Games conservatorship.

Like Bitcoin and many other cryptocurrencies, Gala Games included a halving cycle in its schedule. Its emission is halved annually on July 21. the subsequent halving is scheduled for July 21, 2022.


GALA ROI, Popularity And Market Cap

As of the time of writing on Nov 29, 2021. In the last 24 hours, the trading volume has been about $2,117,329,349 meaning this amount of Gala (GALA) has been traded and circulated. GALA’s Return On Investment (ROI) has been 260,563% over the last year. Very impressive! It excelled in the 'Polygon Ecosystem, Play To Earn, Non-Fungible Tokens (NFT), Gaming' categories which had 4347% growth over the past year. Gala crypto market had 24586% growth over the past year. GALA's market cap is $5,204,773,953 billion and its rank is #43.

Also, the popularity chart indicates how fast price is affected by growth in popularity. About GALA's popularity, their Twitter users had a 374% growth rate. It shows that GALA's social media networks did their job nicely!

Is Gala (GALA) The Best Crypto Investment Option?

The cryptocurrency market is decentralised which means it is not issued or backed by a central authority such as a government or bank. Instead, it runs across a network of computers ushering in a future that is decentralised. A good investment in the future begins with gaining sound insights into projects. We believe knowledge is empowering when one is deciding to invest. Cryptologi.st is here to offer solid project insights with key metrics so you can make self-guided, smart investment decisions to invest with confidence. Join us there in the future at Cryptologi.st


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