GALA

Gala price

GALA
|
3.6/5
CyberScope
4.2
05/20/2024
TokenInsight
2.9
05/24/2023
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.
Show more
USD
USD
$0.042300
-2.27%
1h
24h
1W
1M
1Y
All

Gala price live data

The current price of Gala is $0.042300. Since 00:00 UTC, Gala has decreased by -2.26%. It currently has a circulating supply of 40,668,919,157 GALA and a maximum supply of 50,000,000,000 GALA, giving it a fully diluted market cap of $1.71B. At present, Gala holds the 48 position in market cap rankings. The Gala/USD price is updated in real-time.

Gala price performance in USD

Time periodChange amount%Chg
Today-$0.00098 -2.27%
7 days$0.0010100 +2.44%
30 days-$0.00815 -16.16%
3 months$0.014970 +54.77%

Gala market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.037530
Last price $0.042300
24h high$0.048270
Heat index ranking
27
Market cap ranking
48
Market cap
$1.71B
Favorited rate
Percentage of users who favorited this asset to all users
6.01%
All-time high
$0.84270
-94.99% (-$0.80040)
Nov 26, 2021 (3 years ago)
All-time low
$0.012500
+238.39% ($0.029800)
Oct 19, 2023 (7 months ago)
ICO date
09/18/2020
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
40,668,919,157 GALA
Market cap at circulating supply
Market cap = Circulating supply × Last price
$2.11B
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 08/10/2023

About Gala (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.

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.

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.

GALA calculator
USDUSD
GALAGALA
1 GALA ≈ $0.042300 USD
Trade
GALA/USDT
Spot