How to Buy Gala Games (GALA)

Buy Gala through Crypto.com

• Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos. The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.

Buy Gala through Binance

• Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Buy Gala through Coinbase

• Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”

Buy Gala through Bitfinex

• Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships. Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.

Buy Gala through Okex

• OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange. It was founded by Star Xu (徐明星) in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to US based investors. The company’s CEO is Jay Hao and CMO is Haider Rafique. Initially headquartered in Beijing, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a “Notice on Regulatory Policy in Mainland China”, announcing that it would continue its policy of “withdrawing from the Chinese mainland market” and would not establish an office or team in the region. However, according to Caixin, although the exchange officially announced that it would no longer set up an office in Mainland China, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies.

Step 3 – Withdraw Your Gala Games (GALA)

Once you decide on an exchange, open an account and buy your Balancer. Make sure to withdraw the Balancer from the exchange to your personal wallet.

Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .

OVERVIEW

Who Are the Founders of Gala Games?

Gala Games was founded by a team of experienced entrepreneurs and game developers. The company was co-founded by Eric Schiermeyer, Michael McCarthy, and Jason Brink. Eric Schiermeyer is a co-founder of Zynga, the company behind popular games like FarmVille and Words with Friends. Michael McCarthy is an experienced game developer who has worked on games like Mafia Wars, FarmVille, and FrontierVille. Jason Brink is a blockchain expert and entrepreneur who has worked on various blockchain projects. Together, they bring a wealth of experience in gaming, entrepreneurship, and blockchain technology to the development of Gala Games and its ecosystem.

In total, the Gala Games team consists of 60 employees.

What Makes Gala Games Unique?

Gala Games is a blockchain-based gaming platform that aims to create a more equitable and decentralized gaming ecosystem. Here are some of the unique aspects of Gala Games:

1. Decentralization: Gala Games is built on the blockchain, which makes it a decentralized platform. This means that the control of the platform is in the hands of its users, rather than a central authority.

2. Ownership: Players on the platform have full ownership of their game assets. This means that they can buy, sell, and trade their assets freely without any restrictions.

3. Community: Gala Games is built on a strong community-driven model, where players have a say in the direction of the platform. The platform rewards its players for their contributions and encourages them to engage with the community.

4. Play-to-earn: Gala Games is one of the pioneers of the play-to-earn model, where players can earn cryptocurrency by playing games on the platform.

Overall, Gala Games aims to create a more fair and transparent gaming ecosystem, where players have more control and ownership over their gaming experience.

Gala Games is not a single game, but rather it offers an entire array of different blockchain games that places fun first and blockchain in the background. Town Star, it’s only currently playable game, is a town simulation that can be played in a browser. Players manage a town similar to the gameplay of SimCity, but in Town Star, they actually own the town.

VOX is Gala Games’ set of collectible NFT avatars. Each VOX is unique and some VOXs are rarer than others. In the initial drop, 8,888 VOX were distributed for an average price of 0.0888 ETH, or roughly $280 at the time of writing. Although inspired by Town Stars, VOX has other utility besides just being an NFT avatar. Holders can lock up GALA, and earn VOXcoin by playing with their VOX avatars in the future. VOX owners also get their own FBX file, which allows them to animate their avatars, or even 3D print them in the future.

Other games are in development as well. Fortified is a player-versus-player tower defense game set in a fantastical medieval world. Players will compete to build the best tower defense strategies.

Mirandus is a fantasy role playing game (RPG) set in a massive world ruled by five player-monarchs. Players will be able to own in-game assets and claim parts of the in-game landscape.

Echoes of Empire is a sci-fi strategy game set within a galaxy at war. Players will be able to own their own spaceships and control parts of the galaxy.

Spider Tank Project is a multiplayer online battle arena game allowing players to pick a “spider tank” to battle other players. The game is free-to-play but will contain in-game earning mechanisms. It is scheduled for release in Q4 2021.

A major component when it comes to developing these games is community feedback. Gala Games constantly engage and test assumptions with their community on Discord. This allows players to shape the direction and design of the games.

Users can run Gala Nodes, which supports the Gala network. In return, they receive rewards like GALA, limited edition NFTs and other opportunities. The Gala Node ecosystem consists of a triple-proof node system – proof-of-work (PoW), proof-of-stake (PoS) and proof-of-storage. PoW are called Founder Nodes, which are tier-1 nodes based on 50,000 fully-owned NFTs. These are early supporters of the network, and will receive NFTs from all subsequent games and GALA allocated to their node license. PoS are paid nodes that operate for specific games, through a smart contract “rental” structure. Proof-of-Storage are free nodes that will allow the games to be fully hosted on the node ecosystem, removing reliance on centralized hosting solutions like Amazon S3.

How Many Gala Games (GALA) Coins Are There in Circulation?

The maximum total supply will be 35 billion GALA tokens. Currently, there is about 7 billion GALA in circulation.

17,123,286 GALA is distributed daily at approximately 0200 UTC. Half of this GALA is distributed to Founder’s Node operators, and half to the Gala Games conservatorship. Each year, on the 21st of July, the distribution of GALA will be halved. For example, beginning on July 21st of 2022, the daily distribution of GALA will be 8,561,643 instead of 17,123,286.

The GALA token serves as a utility token that is used to purchase items in the game and can be earned from running a node.

How Is the Gala Games Network Secured?

The GALA token runs on Ethereum and the Binance Smart Chain (BSC) blockchain. The network is secured by its own set of nodes called Founder’s Nodes. Gala Games specifies a maximum of 50,000 Founder’s Nodes that validate in-game transactions and secure the network.

Nodes can also vote about which games are released to the Gala Games platform. You can operate a node by purchasing an account and running it on your computer. GALA are rewarded to node operators according to a point system. Running a node for a minimum of six hours in a cycle scores 1 point and referrals running nodes for at least six hours scores 0.1 points. At the time of distribution, all of the points are added up and the GALA is split between these points.

When Will Gala Games (GALA) Trading Begin?

Gala Games (GALA) is already listed on various cryptocurrency exchanges, including Binance, KuCoin, Bitrue, Gate.io, and Uniswap. Trading began in September 2020, and the token has been steadily gaining popularity among gamers and investors alike. As with any cryptocurrency, the price of GALA can be volatile, so it’s important to do your research and invest carefully.

Can Gala Games Hit $1?

Gala Games is trading around $0.02 as of August 2021, so reaching $1 would require a 50X. Gala Games certainly has an interesting ecosystem of games and very experienced leadership, so even such an ambitious goal could happen in a few years.