GALA
GALA

Gala price

$0.049810
-$0.00105
(-2.07%)
Price change from 00:00 UTC until now
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Gala market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$2.09B
Circulating supply
41,898,841,803 GALA
Market cap ranking
--
24h high
$0.054240
24h low
$0.049510
All-time high
$0.84270

GALA calculator

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Gala price performance in USD

The current price of Gala is $0.049810. Since 00:00 UTC, Gala has decreased by -2.06%. It currently has a circulating supply of 41,898,841,803 GALA and a maximum supply of 50,000,000,000 GALA, giving it a fully diluted market cap of $2.09B. At present, the Gala coin holds the 0 position in market cap rankings. The Gala/USD price is updated in real-time.
Today
-$0.00105
-2.07%
7 days
-$0.00893
-15.21%
30 days
$0.024980
+100.60%
3 months
$0.031560
+172.93%

About Gala (GALA)

3.5/5
CyberScope
4.2
12/13/2024
TokenInsight
2.8
05/24/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX 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 does not guarantee any return, repayment of principal or interest. OKX 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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Socials

Posts
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 8.4K new posts about Gala, driven by 2.7K contributors, and total online engagement reached 25M social interactions. The sentiment score for Gala currently stands at 73%. Compared to all cryptocurrencies, post volume for Gala currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Gala.
Powered by LunarCrush
Posts
8,420
Contributors
2,677
Interactions
25,232,382
Sentiment
73%
Volume rank
#0

X

Posts
6,574
Interactions
6,391,875
Sentiment
77%

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.

What is the GALA price prediction?
While it’s challenging to predict the exact future price of GALA, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Gala worth today?
Currently, one Gala is worth $0.049810. 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.
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 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.
Disclaimer
The content on this platform ("Content"), is sourced from external parties and sources not affiliated with OKX. OKX does not endorse or guarantee the accuracy, reliability, or suitability of the Content , and we are not responsible or liable for any errors, delays, or inaccuracies. The Content, including any external links, are for general informational purposes only and is not intended to provide (i) investment advice; (ii) a recommendation, offer, or solicitation to buy, sell, or hold any crypto asset or to engage in any specific trading strategy; or (iii) investment, financial, accounting, legal, or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, and their value can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult a legal, tax, and/or investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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GALA calculator

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