8 hours later and we blew off from 600K to over 3.2M.
This is not a coincidence, I told you its undervalued and even at 3M its still very undervalued. A game at this sphere that requires so much development and commitment to not only list on app store and google play but also integrate crypto and everyone's favorite characters? This is massive.
I heard from the team they will be integrating many more characters soon from big communities which will add to the exposure, more partnerships, more holders.
I dare you to go to the Play to Earn #P2E section on @CoinMarketCap, scroll through the top 10 coins and compare the games being offered. Degen Arena will stand out by miles. The lowest MC of the top 10 is 125M, $DEGEN is still a baby and will grow to a beast.
HIGHERRRR. @DegenArenaGame
$AXS $MANA $SAND $GALA $BEAM $PIXEL $SKL
Investergram
Came across a newly launched coin called $DEGEN.
The project has its game LIVE on desktop, apple store and google play. This shows dedication, the team obviously put up a lot of work into developing a fully fledged play2earn game without external funding through private sale, presale or seed phases.
This tells you that the team has big pockets and is not afraid to spend it to make their dream come to reality.
Now imagine the token is sitting at $600K market-cap while the P2E market is a $5B+ industry. This is going so much higher to many millions and you can save this tweet.
CA: 0x420658A1d8B8F5C36DdAf1Bb828f347Ba9011969
@DegenArenaGame
49.53K
94
Jesus Martinez
Our new Arena bot is looking much better
I have an in-house developer from the $GALA days helping out
Will be adding more features/getting it even faster in coming days
The premise is: it gives you what you need to know as fast as possible to show you whether or not you should care
Arena is reputation based so socials are a big factor here
It’ll also highlight in colors based on how many followers a founder has etc.
Hoping to have this gated in some way & out for the public in the coming week if all goes well
11.74K
54
Gala Games
Come test GalaChain's DEX!
GalaSwap is the Decentralized Exchange for GalaChain. Join us starting tomorrow to test. Find out how to here:
44.53K
2.62K
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Gala price performance in USD
The current price of Gala is $0.014860. Since 00:00 UTC, Gala has decreased by -5.35%. It currently has a circulating supply of 44,872,035,118 GALA and a maximum supply of 50,000,000,000 GALA, giving it a fully diluted market cap of $666.80M. At present, Gala holds the 67 position in market cap rankings. The Gala/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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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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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 12K new posts about Gala, driven by 6.7K contributors, and total online engagement reached 35M social interactions. The sentiment score for Gala currently stands at 88%. Compared to all cryptocurrencies, post volume for Gala currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Gala.
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Posts
11,908
Contributors
6,708
Interactions
35,470,397
Sentiment
88%
Volume rank
--
X
Posts
5,350
Interactions
5,871,225
Sentiment
89%
Gala FAQ
What is Gala?
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.
How does Gala work?
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.
Where can I buy GALA?
Easily buy GALA tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include GALA/USDT and GALA/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GALA, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Gala worth today?
Currently, one Gala is worth $0.014860. For answers and insight into Gala's price action, you're in the right place. Explore the latest Gala charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Gala, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Gala have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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