Gala price

in TRY
₺0.68812
+₺0.038571 (+5.93%)
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Market cap
₺31.43B #75
Circulating supply
45.76B / 50B
All-time high
₺34.57
24h volume
₺4.89B
3.6 / 5
GALAGALA
TRYTRY

About Gala

GALA is the native cryptocurrency of the Gala Games ecosystem, a platform focused on revolutionizing gaming through blockchain technology. Designed to empower players and creators, GALA is used for transactions, rewards, and governance within the Gala Games network. By integrating blockchain, Gala Games ensures true ownership of in-game assets, enabling players to buy, sell, and trade items as NFTs (non-fungible tokens). This makes gaming more transparent and rewarding for users. Whether you're a gamer, creator, or crypto enthusiast, GALA plays a key role in bridging entertainment and decentralized finance, offering a glimpse into the future of Web3 gaming. Explore GALA to discover how blockchain is reshaping the gaming industry.
AI-generated
Gaming
NFT
CertiK
Last audit: May 21, 2024, (UTC+8)

Gala’s price performance

Past year
-19.38%
₺0.85
3 months
-12.34%
₺0.78
30 days
-5.95%
₺0.73
7 days
+3.64%
₺0.66

Gala on socials

Gol D. REX .m🐜 ✧ ᴗ ✧ Morph
Gol D. REX .m🐜 ✧ ᴗ ✧ Morph
오늘도 돌아온! 재밌는 피규어 만들기 시간~ 오늘의 주인공은 바로바로~~ @0xGala 입니다!! Verifiable한 기록으로 @irys_xyz 에 남겨둘게요~ 내일은 누굴 만들어볼까!?
Gol D. REX .m🐜 ✧ ᴗ ✧ Morph
Gol D. REX .m🐜 ✧ ᴗ ✧ Morph
오늘은 칠곡에 있는 신유장군 유적지를 찾았다. 푸른 소나무 사이에 자리한 사당과 단단히 세워진 기념비를 바라보니 시간은 흘러도 지켜야 할 기억이 있음을 느낀다. 이런 역사의 순간도 @irys_xyz 의 Permanent Storage처럼 변치 않는 기록으로 남겨두어야 진짜 의미가 살아난다.
Crypto Town Hall
Crypto Town Hall
CRYPTO MARKET DROPS 2.8% TO $3.94 TRILLION AMID BROAD SELL-OFF The total crypto market cap fell 2.8%, pulling back to $3.94T as selling pressure hit key sectors. Layer 2s, meme coins, AI tokens, and GameFi projects saw the sharpest losses, all down over 5%. Source: @CoinGecko
Crypto Town Hall
Crypto Town Hall
ETHEREUM HITS NEW ATH BEFORE SHARP CORRECTION Ethereum (ETH) reached a new all-time high of $4,955 on August 24 before plunging nearly 7% to $4,453 the following day. The market cap fell from $600 billion to $539 billion amid the pullback.
Digital Asset Investor
Digital Asset Investor
Look who just popped into the Top 100 on Coinmarketcap? I think I know where this is going. @ripple is no ordinary company.👀👀👀

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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 TR cryptocurrency platform. Available trading pairs in the OKX TR 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 TR 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 TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Gala is worth ₺0.68812. 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.
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.
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.
Check out our Gala price prediction page to forecast future prices and determine your price targets.

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.

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.

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Market cap
₺31.43B #75
Circulating supply
45.76B / 50B
All-time high
₺34.57
24h volume
₺4.89B
3.6 / 5
GALAGALA
TRYTRY
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