$2.55T
Total marketcap
$47.05B
Total volume
BTC 51.91%     ETH 14.58%
Dominance
GALA

GALA GALA Price

$0.04486 -3.4722%
  • BTC 0.00000067
  • ETH 0.000015

GALA Price chart

Sorry, that's all we've gotfor now...

Statistics

GALA Price $0.04486 All-time high $0.8248 Days since ATH 905
Price change -$0.001 (-3.4722%) Date of ATH Nov 26, 2021 % of ATH -94.56%

GALA Review

GALA (code: GALA)

Founded Date: Jan 1, 2018

Founders:

Eric Schiermeyer
Eric Schiermeyer
Founder & CEO

GALA(GALA) - Coin Trading Data

GALA Price $0.04486
Ticker GALA
Market Capitalization $1.59B
Fully Diluted Valuation (FDV) $1.59B
Value 24h low $0.04477
Value 24h high $0.0467
Trade Volume for 24h $84.3M
Current Circulating Supply 35.6B
Maximum Supply 35.6B
Algorithm
ICO Price and ICO ROI
Price Change 24h % -3.4722%
GALA quote $0.04486
Fully Diluted Valuation (FDV) $1.59B

GALA(GALA) ATH - All Time High Price

GALA ATH Price $0.8248
GALA quote 905
ATH Date Nov 26, 2021
All Time High % -94.56%

Gala Profile

Gala is an online gaming and NFT platform that has the goal to create a blockchain-based gaming ecosystem that runs on both Ethereum and BSC. The platform offers various features, including an NFT games platform (Gala Games) and an NFT trading platform (Gala Store). Users of the platform can now play games, trade NFT, and participate in network management and consensus development.

Gala is an ambitious company that is solving a significant problem that video game players have experienced in the past, which is the inability to own items obtained as a result of gameplay.

At the moment, the platform has several blockchain and crypto games in various stages of development, with the roadmap of the Gala Games ecosystem being shaped and governed by players and ERC-20 GALA token holders.

Gala Games

Gala Games is not focusing on traditional video games, instead it is focusing on projects that combine Play to Earn (P2E) mechanics, non-exchangeable tokens (NFT), and decentralized finance. Simply put, its main goal is to create free games that allow users to make money just by playing.

The platform's main priority is not just to create blockchain-based games, but to create high-quality games that people will actually want to play. Basically, it wants to create games that will be truly unique and valuable.

In each and every game, all in-game items will be non-exchangeable tokens (NFT) and will fully belong to the gamers, while all payments will be done using in-game currency (a unique token of a particular game) or the main token of the Gala Games platform called GALA.

Because of this, players will not only get a new gaming experience, but almost complete control over the games included in the ecosystem of the platform, and can directly participate in the development of a particular game.

For example, what features should be added and where the developers' energy should be directed, for example, on creating new games, improving the interface or fixing bugs. Voting will take place from all Gala nodes that any player can create a node using his PC.In general, NFT games give gamers complete freedom of action. As the full owner of the NFT game items, you will have the right to dispose of them at your own discretion. You can do with them what you do with the real things:

  • buy;
  • sell;
  • trade;
  • upgrade;
  • collect.

History of Gala

  • Gala Games was created in 2019 by Eric Schirmeyer, one of the co-founders of Zynga, which developed games such as Mafia Wars and Farmville.
  • On February 8, 2022, Gala Games announced that it plans to invest $5 billion in NFT projects by the end of 2023. https://blockworks.co/news/gala-games-to-plow-5b-into-nft-expansion-efforts-in-year-ahead
  • On June 09, 2022 Unity, the largest cross-platform game development environment, has announced that it is ready to work with Gala Games to create a meta-universe. It has signed a contract under which it will provide the blockchain platform with services amounting as much as $20 million.
  • On January 31, 2023 an announcement was made that gaming platform Gala Games will be focusing on mobile games with the main token GALA. 
  • On March 31, 2023 major cryptocurrency exchange Huobi in its tweet announced a strategic partnership with P2E project Gala Games in order to work together on Web3 initiatives.
Gala Roadmap 2023

Gala Roadmap 2023

GALA Token

GALA is a native platform token. As a multifunctional digital asset, the GALA token performs a number of key functions, including network security, but mainly the GALA token is used as an exchange tool for Gala Games transactions. Users can use these tokens to purchase in-game items and NFTs from the official Gala store, plus tokens can also be obtained if you simply play games on the Gala platform.

GALA has a maximum issuance of 50 billion tokens. Every day, a share of the issue is distributed to the owners of the nodes as a reward.

To start managing the node, first you need to purchase a license, after which you will be able to:

  1. run the specific node software on your PC;
  2. accumulate points ( you get one point for every full six hours of operation of your node);
  3. receive various rewards such as GALA and NFT tokens, which are issued in limited quantities.

In the process of distributing rewards, all points will be summed up, and the more points are accumulated, the more rewards will be awarded. On top of everything else, node operators can also take part in voting and choose which games will be released on the Gala Games platform, and which ones will be released first.

Wallet

Gala Games has an internal wallet, which represents the main tool for managing your assets on the platform. It is a classic digital currency storage, but updated with the NFT management function. This is where all tokens are displayed, both classic and non-exchangeable, belonging to all projects. Accordingly, you can conveniently manage your virtual economy from a single service.

Gala Advantages and Disadvantages

So far, these types of projects are still evolving, and none of them is perfect. Gala also has its advantages and disadvantages.

AdvantagesDisadvantages
The demand for game projects is weakly influenced by economic crises.Security problems.
Gala is working in a quite promising direction: we will probably see a rapid development of virtual worlds in the next decade.Increasing number of potential competitors.
Gala was successfully listed on major cryptocurrency exchanges.Unscheduled coin emissions could lead to sharp drops in the value of the coin.
The games being developed differ in their concepts from each other, which creates an environment to attract users with different interests.
According to the developers' statements, all games of the project will be available for free.

Summary

Gala is a cryptocurrency, which outlook can be considered favorable in the mid-term. Gala project is rapidly developing, attracting players and investors from different regions of the world. The key difference of this project from the usual online games is the availability of opportunities for monetization.

Gala Games team constantly interacts with its community, analyzes their proposals, because users' opinions determine the design, plot and specifics of each game.

How much is a one GALA worth now?

1 GALA worth $0.04486 now.

What is the price of GALA?

The price of GALA is $0.04486.

What is the GALA max supply?

The max supply of GALA is 35.6B.

What is the GALA stock symbol or ticker?

The stock symbol or ticker of GALA is GALA.

How many GALA coins are there in circulation?

There are 35.6B coins in circulation of GALA.

What is the exchange rate of GALA(GALA)?

The exchange rate of GALA is $0.04486.

What was GALA's trading volume in 24 hours?

GALA's 24-hour trading volume is $84.3M.

What was the highest price paid for GALA?

GALA reached a record high of $0.8248 on Nov 26, 2021

GALA Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance GALA/USDT $0.04483 $17.72M 14.5% 16 minutes ago
2 HTX HTX GALA/USDT $0.04485 $10.36M 8.48% 5 minutes ago
3 Biconomy Biconomy GALA/USDT $0.04484 $7.04M 5.76% 4 minutes ago
4 WhiteBIT WhiteBIT GALA/USDT $0.04492 $5.6M 4.58% 3 minutes ago
5 Bybit Bybit GALA/USDT $0.04469 $5.05M 4.14% 6 minutes ago
6 Bitget Bitget GALA/USDT $0.04484 $4.86M 3.98% 4 minutes ago
7 OKX OKX GALA/USDT $0.04482 $3.05M 2.49% 5 minutes ago
8 Websea Websea GALA/USDT $0.04485 $2.63M 2.15% 4 minutes ago
9 Gate.io Gate.io GALA/USDT $0.04471 $2.2M 1.8% 5 minutes ago
10 Icrypex Icrypex GALA/USDT $0.04491 $1.92M 1.57% 15 minutes ago
11 Toobit Toobit GALA/USDT $0.0447 $1.91M 1.56% 5 minutes ago
12 XT.COM XT.COM GALA/USDT $0.04488 $1.52M 1.25% a minute ago
13 FMCPAY FMCPAY GALA/USDT $0.04482 $1.34M 1.1% 4 minutes ago
14 HitBTC HitBTC GALA/USDT $0.04482 $1.05M 0.86% 3 minutes ago
15 FMFW.io FMFW.io GALA/USDT $0.04483 $1.03M 0.84% 2 minutes ago