GALA
0.00000742ETH
+2.49%≈$0.01801683≈฿0.00000026Volume(24H)$129,485.66
Today
Low:0.01730180
High:0.01907460
Yesterday
Low:0.00000719
High:0.00000742
Market information
Market Cap $706,354,534.74
Global Volume(24H)$44,932,570.85
All-Time Low$0.00017135
All-Time High$0.73178056
Initial Price$0.001497
ROI 1103.53%
Circulating Supply 39,218,230,256 GALA
Circulation Percentage 99.9992%
Max Supply 50,000,000,000 GALA
Total Supply 39,218,549,149 GALA
Price history
Information
Converter
GALA
USD
Project Introduction
Gala Games is a game platform that uses blockchain technology to focus on the fun of Games, introducing multiple game genres, including MOBAS, simulation operations, RPGS, tower defense, strategy, and more, and will co-develop Games with multiple game manufacturers. Gala Games confirms upcoming Games: Town Star, Spider Tank Project, Mirandus, Fortified, Echoes of Empire.
Project Vision
Aim to become a decentralized gaming platform that will eventually be managed on blockchain
Market Demand
Currently, blockchain games on the market tend to focus more on the application and expression of "blockchain" technology, while ignoring the entertainment of the game itself. As a result, it has a high threshold of entry and low playability, can only attract existing blockchain players, does not have a broad user base, cannot maintain a long life cycle, and can only be reduced to simple token hype.
Solution
Gala Games' gaming platform is "fun first," and instead of using simple Games to prove the usability of blockchain, it uses blockchain as an underlayer to build top-tier Games for traditional game players. On Gala Games, players can not only experience the charm of a major game, but also fully control their game assets through blockchain (using NFT to represent characters, items, and other game assets), while earning revenue through their game skills in GameFi. At the decentralized level, Gala Games introduced an ecosystem of nodes where users can buy node licenses to run nodes to participate in the decentralized governance of the platform and receive Gala tokens and NFT rewards.
Project Implementation Mechanism
Of the five Games Gala Games currently plan to launch, only Town Star can be tested. It is easy to create an account for Town Star Games. Entering the game is a map of the world, and players need to select a piece of land on the map, where they can grow crops, gather resources, and build factories to improve the economy of the farm. Because of economic constraints, players need to plan their business properly. The type of land determines the direction of agricultural development, while the location of land determines the economic construction of farms. Since there is a [trade center] in the game, the farm output needs to be sold by the driver/crew to the trade center to collect the money, while the driver/crew needs fuel to deliver the goods. The distance to the trade center determines the amount and amount of fuel consumption, so the location is very important. If the player does not set up their own fuel production system before the bonus fuel is used up, the farm output may not be sold and the economy will be dead.
Token Usage Scenarios
It can be used to reward network node operators, participate in network governance, earn GALA tokens by playing various platform games, and purchase in-game items and NFT at GALA stores
Algorithm
PoS ,PoW
Characteristic
Gala Games functions as both a game developer and a game aggregator/game store. In addition to Games developed by the Gala Games team, it also attracts other game vendors to launch Games on the platform (subject to vote by the nodes). Gala Games will then generate standardized encryption kits, NFT libraries, and wallets that other game vendors can integrate into their Games and into the Gala Games ecosystem. NFT items are available to all Games in the Gala Games ecosystem, and users can use ETH, Gala, and BAT tokens to purchase items in order to get a bonus in the game, which is similar to the in-app purchase mechanism of traditional Games. The Gala Games gaming platform is able to leverage cryptocurrency and blockchain smart contract features, allowing developers to design blockchain-based Games while allowing players to own and transfer NFT earned in the game and secure purchases, sales and transactions through peer-to-peer markets. Currently, MMORPG/Adventure Simulator Mirandus, developed by Gala Games, aims to completely redefine the game development process and game model, putting power in the hands of the player and ultimately giving them control over the content economy in the game. Gala Games puts fun first and blockchain second.
Technical Characteristics
Gala Games introduced a node ecosystem. The Gala node ecosystem consists of a tripartite system of proof nodes -- proof of work (Pow), Proof of Bet (PoS), and proof of storage. Pows are called founder nodes, and they are layer 50.000 nodes based on a fully owned NFT. They are the first supporters of the network and will receive NFT for all subsequent games and GALA which assigns them node licenses. PoS are payment nodes that run for a particular game through a smart contract "lease" structure. Storage Proofs are free nodes that allow games to be fully hosted in the node ecosystem, eliminating the dependence on centralized hosting solutions such as Amazon S3.
Release Mechanism
The total amount of GALA tokens is capped at 50 billion. Currently, there are no token sales. Tokens are produced daily through node mining, and the output is halved in July each year
Incentive Mechanism
Weekly challenge and monthly challenge, the top ranked players can get tokens. If you run Gala nodes, you can get "Points". Every day, the system will allocate Gala token rewards according to the proportion of the number of Points of each node in the whole network. Paid nodes: For certain games, nodes can be rented based on smart contracts, and the renter can get GALA tokens and NFT rewards from the node
Values
In terms of the project's layout, Gala Games aims to create a decentralized social network for Games that other game studios can integrate into. From the perspective of ecological development, high-quality games will bring more users to the platform, and the more users, the more attracted other game studios to join and strengthen the platform ecosystem, thus forming a positive cycle. And diversified game types, will be more convenient for users to choose preferences. Gala's first game got off to a good start, attracting a significant audience for the program. However, in terms of game type, the game has a limited territory and a narrow audience, so whether Gala as a game platform can bring sustained user growth depends on whether there are other popular games in the future. Gala's decentralized network is realized by distributed nodes, and the team makes profits by selling node licenses. For users who buy nodes, node equipment has low requirements, but according to the current token price, node recovery cycle is long. An important part of blockchain games to attract users is token economy. The close degree of the combination of tokens and games determines the value of tokens. The profit model of "earning while playing" is a means to directly attract users. So far: (1) GALA tokens are not closely related to in-game ecology. NFT sales model is more like traditional games where players "collect money" and the game operators make profits. ② For players, there is no other profit mode in the game (such as "earn while playing"), only ranking, which leads to the game may reject some ordinary players. Therefore, generally speaking, the project is not closely related to blockchain at present. However, several games have not been officially launched, and it still depends on the subsequent economic model design and whether there are popular games born on the platform.
Pairs
Rank | Source | Pair | Price | 24h | Volume(24H) | Trading Percent | Updated | ||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Binance | 1 | Binance | GALA/USDT | 0.01803000 | 0.45% | $9,029,060.01 | 10.0990% | 2024-11-05 06:39:23 | ||
2 | Bitget | 2 | Bitget | GALA/USDT | 0.01801000 | 0.28% | $4,592,479.32 | 5.1367% | 2024-11-05 06:40:15 | ||
3 | OKX | 3 | OKX | GALA/USDT | 0.01805000 | 0.56% | $1,149,253.99 | 1.2854% | 2024-11-05 06:40:04 | ||
4 | Gate.io | 4 | Gate.io | GALA/USDT | 0.01801000 | 0.33% | $834,117.69 | 0.9330% | 2024-11-05 06:39:56 | ||
5 | Crypto.com | 5 | Crypto.com | GALA/USD | $0.018002 | 0.59% | $528,799.3 | 0.5915% | 2024-11-05 06:39:32 | ||
6 | KuCoin | 6 | KuCoin | GALAX/USDT | 0.01801000 | 0.56% | $458,871.46 | 0.5132% | 2024-11-05 06:39:51 | ||
7 | MEXC | 7 | MEXC | GALA/USDT | 0.01800000 | 0.33% | $351,998.6 | 0.3937% | 2024-11-05 06:38:45 | ||
8 | Crypto.com | 8 | Crypto.com | GALA/USDT | 0.01798100 | 0.72% | $330,699.6 | 0.3699% | 2024-11-05 06:40:26 | ||
9 | BingX | 9 | BingX | GALA/USDT | 0.01801000 | 0.56% | $221,158.81 | 0.2474% | 2024-11-05 06:39:21 | ||
10 | HitBTC | 10 | HitBTC | GALA/USDT | 0.01800400 | 0.41% | $179,540.48 | 0.2008% | 2024-11-05 06:39:47 | ||
11 | Kraken | 11 | Kraken | GALA/USD | $0.018 | 1.12% | $168,054.22 | 0.1880% | 2024-11-05 06:08:57 | ||
12 | Binance | 12 | Binance | GALA/USDC | 0.01801000 | 0.67% | $152,293.81 | 0.1703% | 2024-11-05 06:40:04 |
Trading platform transaction information
Trading Percent
All Exchange
Exchange | Volume(24H) | Trading Percent | |||
---|---|---|---|---|---|
OKX | OKX | $1,195,711.46 | 2.6886% | Visit | |
Binance | Binance | $9,497,292.17 | 21.3551% | Visit | |
Bitfinex | Bitfinex | $13,567.82 | 0.0305% | Visit | |
Kraken | Kraken | $274,582.41 | 0.6174% | Visit | |
Gate.io | Gate.io | $840,916.58 | 1.8908% | Visit | |
KuCoin | KuCoin | $458,871.46 | 1.0318% | Visit | |
Crypto.com | Crypto.com | $859,498.9 | 1.9326% | Visit | |
Bitget | Bitget | $4,592,479.32 | 10.3264% | Visit | |
MEXC | MEXC | $351,998.6 | 0.7915% | Visit | |
BingX | BingX | $221,158.81 | 0.4973% | Visit | |
HitBTC | HitBTC | $179,540.48 | 0.4037% | Visit |