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Gala FAQ
Gala Games is a gaming ecosystem of NFT-based games powered by the protocol's toolkit. The games have a play-to-earn (P2E) model to incentivize players with in-game tokens as rewards. Gala Games has a distributed voting mechanism. Founder's node owners can vote on which games should be added to the Gala ecosystem. Gala also has an in-built NFT marketplace for players to trade their NFTs for GALA tokens or other cryptocurrencies.
GALA is the name and ticker of the native ERC-20 token of the platform.
Gala Games works on a hybrid consensus mechanism that uses a three-tier node system. The consensus mechanisms include Proof of Work, Proof of Stake, and Proof of Storage. Top tier nodes are called Founder's nodes, and there can only be 50,000. These nodes use the PoW mechanism and receive full ownership of in-game NFTs.
Paid and free nodes will be added to the ecosystem once the Gala sidechain goes live. Paid nodes will operate on Proof of Stake mechanism and provide infrastructure for specific games on the Gala network. Free nodes support Founder's and paid nodes, and work on the PoS protocol.
Easily buy GALA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GALA/USDT and GALA/USDC.
You can also buy GALA with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for GALA with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GALA, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into Gala
Gala Games is a blockchain gaming platform allowing developers to use the protocol's toolkit to create their own games. Each game needs to be approved by the community, making it a decentralized process. Moreover, community members who run nodes also get voting rights for decisions that affect the network's future. GALA is the name and ticker of the Gala Games' native ERC-20 token.
The Gala Games ecosystem is decentralized and run by Founder's nodes. Two other nodes, paid and free nodes, will be added to the Gala ecosystem when the Gala sidechain goes live. Gala Games relies on three consensus mechanisms to power these nodes: Proof of Work (PoW), Proof of Stake (PoS), and Proof of Storage.
The Founder's node runs the PoW mechanism and receives rewards using a lightweight protocol. The paid nodes will operate on the PoS consensus protocol and provide support to games launched on the Gala ecosystem. On the other hand, the free nodes will run a storage mechanism, eliminating the need for centralized hosting and increasing the decentralization of the Gala network.
GALA is the in-game currency that runs the entire gaming platform. Players can buy and trade NFTs from the Gala store using GALA. The tokens are also used to incentivize node operators and help with network governance.
GALA price and tokenomics
GALA has a total supply of approximately 50 billion. GALA tokens cannot be purchased directly from GALA Games, and there was no initial coin offering (ICO) for GALA tokens. Instead, GALA tokens are distributed daily to Founder's nodes and users who refer people to purchase these nodes.
The distribution cycle of GALA tokens starts on July 21 of a year and ends on July 20 the following year. After each distribution cycle, the supply of GALA tokens halves, making the token deflationary. GALA charts depend on the number of active players on their platform and the quality of new games launched using their toolkit.
About the founders
Gala Games was founded by Eric Schiermeyer, Wright Thurston, and Michael McCarthy.
Before creating Gala Games, Schiermeyer co-founded Zynga, a leading social game development company that created popular games such as FarmVille, Zynga Poker, and Word with Friends.
McCarthy, the second co-founder, previously worked as the creative director at Zynga and is credited for creating the popular game FarmVille. Thurston is the Chief Blockchain Officer at Gala Games. He has several patents on blockchain technology.
Gala Games has partnered with Brave, Mazer Gaming, Bitrue, Flare, and Polygon.
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