Gala Games describes itself as a blockchain gaming environment with a challenge to make “blockchain games you may sincerely want to play”.
As a platform, Gala Games gives a large number of different games to players built on the Gala Network, which makes use of its local token to discover in-game assets that players very own.
Players can buy and sell assets and obtain economic rewards through the game’s non-fungible tokens (NFTs).
Gala Games attempts to stand out from the group by way of giving players extra control over their in-game assets, once in a while costing hundreds of bucks.
Gala Games is a blockchain gaming ecosystem.
GALA is the local software token used for buying and selling assets.
The community makes use of the Triple-Proof Node System to hold integrity.
There are 6.9 billion tokens in movement, and the distribution fee halves every year.
Who created GALA?
The blockchain begin-up turned into founded by way of Eric Schiermeyer, gaming and blockchain industry pioneer and the co-founding father of Zynga, a famous cell and social media gaming corporation. Schiermeyer became a proponent of casual video games that appealed to the masses, which led him to release famous hits like Zynga Poker, Mafia Wars and FarmVille.
After gaining a popularity for operating on fashion-placing initiatives, Schiermeyer launched Gala Games in July 2019. His imaginative and prescient turned into to create a gaming network that gives gamers ownership over their games.
As of 2020, the Gala Games group has round 65 employees and has released one playable sport referred to as Town Star and an NFT collectible collection known as VOX. The corporation is working on extra video games, Mirandus and Fortified.
Other initiatives encompass a fantasy RPG recreation, a sci-fi approach sport and a tower defence sport.
How does it paintings?
The Gala Games surroundings is secured through network nodes, which you must perform for at least 6 hours in step with day to qualify for GALA token rewards. These rewards assist maintain and develop the community, as each node assists in website hosting video games.
To participate inside the surroundings, customers ought to down load and set up the node software program, which can be sold via a Gala Games account. Eventually, the network nodes turn into non-fungible tokens (NFTs) that can be offered on OpenSea, and different NFT marketplaces.
Node owners get hold of various perks and rewards, such as:
Daily GALA tokens
Random NFT drops
In-game coins (video games additionally have their own cash, which are air-dropped to node proprietors)
Players can own the generated NFTs and affect the governance of games inside the Gala Games ecosystem.
The Founder’s Node balloting mechanism allows players to steer the improvement of video games, new titles and other updates.
Gala Games Triple-Proof Node System
Gala Games nodes are split into three categories or Gala Node structures that maintain network integrity. Together they form what the organisation calls the Triple-Proof Node System.
PoW are the Founder nodes. These are tier-1 nodes constructed on 50,000 completely-owned NFTs. Founder nodes consist of customers who were early supporters of the network and acquired NFTs from new gaming titles with GALA tokens allocated to their node license.
PoS users are the Paid nodes that operate for unique games via a smart contract “apartment” structure.
PoS are the Free nodes that permit the video games to be hosted on the node system, doing away with the reliance on web hosting platforms like Amazon Web Services.
These mechanics maintain the monetary structure of their very own way, and accordingly the system remains regular with the addition of recent titles.
Since its 2019 release, Gala Games grew to one.3 million lively monthly customers, and 26,000 NFTs have been traded, with the maximum highly-priced one valued at $3 million, according to statistics from CoinMarketCap.
What is the GALA token?
GALA is the platform’s utility token had to purchase in-game objects, which can also be earned with the aid of jogging a node.
Besides having game-specific NFTs, the Gala Games application token permits customers to create and distribute unique items with guaranteed authenticity.
The token can be won in-sport or offered, traded and sold for NFTs.
GALA tokenomics establishes an economy where wealth redistributes itself at the same time as preserving recreation possession in the public area.
There are 4 approaches to earn GALA tokens:
Playing the video games
Inviting new users (incomes cash thru association)
Owning a node
Buying/promoting on an trade
GALA token distribution
The general supply of GALA tokens is 35 billion. Currently, there are much less than 6.Nine billion GALA tokens in movement.
17,123,286 GALA tokens are distributed on the community daily. Half of those tokens are allotted to Founder’s Node operators, and the alternative half of is given to the Gala Games conservatorship.
On July twenty first every year, GALA distribution is halved. So, beginning July 21st 2022, the token distribution will amount to eight,561,643 GALA in place of 17,123,286 GALA. This serves as a deflationary mechanism that recreation builders can regulate.
How to shop for GALA?
After studying approximately the bits and bobs of the GALA token, we recognise that a number of you would possibly need to add it for your portfolio. You can now accomplish that in some taps using the SwissBorg app.
Let us stroll you via the method:
Step 1: Download and set up the SwissBorg app.
Step 2: Set up your SwissBorg account. A special academic is to be had at the Opening an Account page of the SwissBorg Help Center.
Step three: Transfer finances, either fiat or crypto, into your SwissBorg account.
Step four: Find the Marketplace segment of the SwissBorg app.
Step 5: Search for the GALA token by way of clearly typing GALA into our search function, marked with a magnifying glass icon inside the pinnacle-left corner of the display.
Step 6: Tap on “Deposit”, select the fiat or cryptocurrency you need to use for the acquisition, input the quantity you desire to spend, and tap on “Next”.
Step 7: Finally, tap on “Confirm alternate”, and you are set. The bought GALA tokens at the moment are effectively saved to your portfolio.
Putting all of it collectively
Gala Games wants to take the gaming industry in a brand new path. Typically, PC gamers dislike blockchain video games because they tend to monetise each asset. However, knowing that there are distinctive audiences and possibilities, the enterprise appears to be taking blockchain gaming to a place wherein ownership is vitally crucial.