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Gala GALA

Gala Price (GALA)
$0.0433
6.76% Buy GALA Now

0.0000115 ETH

0.000000637 BTC

Buy GALA Now
Low: $0.0433
High: $0.0465
24h
Market Cap
$1,357,558,915
6.76%
Fully Diluted Market Cap
$1,442,852,336
6.76%
Volume
24h
$126,341,418
13.74%
Volume / Market Cap
0.0931
Circulating Supply
31,337,765,016 GALA
Max Supply
--
Total Supply
33,366,925,152

Gala (GALA) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

3.18%

Joined at Jul 29, 2020

Following

268

0.00%

Tweet count

6,225

0.63%

Gala reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Gala (GALA) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Gala telegram
Telegram Stats
Visit Telegram

Members

7.48%

Title

GoGalaGames

Gala traffic
Website Traffic
Visit Website

Website Rating (DR)

73 / 100

0.00%

Ahrefs Rank

64,328

6.08%

Organic Traffic (mo.)

0

Gala github
GitHub Organization

Public repos

-

Type

-

Currently, official Gala (GALA) GitHub Organization account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Gala github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Gala (GALA) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆 Submit Now

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 510,245


Live GALA Price Analysis

The current real time Gala price is $0.0433, and its trading volume is $126,341,418 in the last 24 hours. GALA price has plummeted by 6.76% in the last day, and decreased by 4.21% in the last 7 days. It’s important to note that current Gala market capitalization is $1,357,558,915, Talking about circulating supply, GALA has 31,337,765,016 coins. Currently, Gala rank on the market is #66.

Gala price today is 94.82% below all time high, and it is 28,586.99% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling GALA are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Gala (GALA)?

GALA is the native token of the Gala Games ecosystem. It’s a decentralized platform for gaming and entertainment. While the Gala token was initially based on the ERC-20 standard, it now runs as a cross-chain platform on Ethereum and the Binance Smart Chain.

Gala Games is a platform for blockchain-based gaming. Users are able to invest in non-fungible tokens (NFTs) that act as in-game assets. It employs a unique combination of consensus mechanisms and allows players to participate directly in protocol governance.

Who is the Founder of Gala?

Investor Eric Schiermeyer is the founder of Gala Games. He was also the co-founder of the gaming company Zynga. It’s best-known for online games such as Farmville and Words With Friends.

The idea behind Gala Games was to reshape the traditional model of online gaming and bring it to light by using blockchain technology. It aims to give the players more power over the games they play and how they are developed.

The Gala Games team found that many digital games and gaming platforms act unfairly by making players perform microtransactions for unique items that can be lost or taken away due to server issues, unfair bans, or other reasons without refunds.

Gala Games was officially launched in July 2019. At the time of its release, the GALA price was valued at roughly $0.002. It remained at a relatively similar level until the first quarter of 2020. The asset remained mildly volatile throughout 2020 and the first half of 2021. Within two years of its launch, Gala exceeded 1 million active users.

According to the developers, the goal is to create a decentralized gaming experience without sacrificing entertainment for technology. Although blockchain is the core part of the games, it’s integrated into the system without interfering with the gameplay itself.

In fall 2021, the Gala price experienced significant fluctuations. On the 26th of November, the token was valued at $0.84, which at the time put it at its closest-ever gap from the $1 threshold. The asset has generally followed market trends.

What are the Main Functions of Gala?

The GALA supply is estimated to be 50 billion. However, there is no hard cap set. The max supply of GALA coins could be subject to change if the userbase were to hold a governance vote. While it’s not a strictly deflationary asset, meaning that the Gala price may not steadily rise as the supply decreases, some regulatory measures are in place.

As a relatively new asset, Gala tends to follow the overall crypto market trends. The most accurate market position and token performance can be seen in the chart above. The Gala price has experienced similar fluctuations as Bitcoin (BTC), albeit on a different scale.

The Gala protocol follows a tight schedule for token distribution. The protocol distributes a set amount of GALA tokens between the Founder’s Node Operators and the Gala Games Conservatorship at 2 A.M. UTC daily.

The amount of daily GALA distributions is programmed to be halved annually on the 21st of July. This acts as a deflationary measure that regulates the overall supply. In 2022, the number was cut to 8,561,643 GALA, while the 2023 distribution rate is set to 4,280,822 tokens.

The Gala Games platform offers a range of digital releases, as well as updates and previews of content in development. Users can check whether games are fully available, undergoing beta testing, or are still in development. The games are available on Windows and Mac systems, and some options can be accessed via a browser.

The platform uses a unique system to ensure network functionality that combines three consensus mechanisms – Proof-of-Work (PoW), Proof-of-Stake (PoS), and Proof-of-Storage. Each type of node operator is eligible for rewards for their contributions to Gala Games.

  • Proof-of-Work Nodes – Founder’s nodes that are responsible for governance votes;
  • Proof-of-Stake Nodes – paid nodes that are responsible for individual games on the platform;
  • Proof-of-Storage Nodes – nodes that manage the hosting of the games.

Gala Games functions as a decentralized autonomous organization (DAO). The GALA token allows network participants, known as the Founder’s Nodes, to vote on future game development projects. There can be no more than 50,000 Founder’s Nodes.

The games available on the platform are not developed exclusively by Gala Games. Other dev companies are also able to submit their concepts. Some of the available titles are Round2’s Fortitude, Ndream’s Eternal Paradox, Gamedia’s Spider Tanks, and Gala’s Town Star.

The developmental decisions for games on the Gala crypto platform are not made solely by the team behind the scenes. The Founder’s Nodes hold a vote to determine the roadmap. Once the project has been approved by the node vote, users can directly participate in quality assurance and testing by joining the Discord community.

The Founder’s Nodes are also responsible for in-game transaction validation and overall network security. The node operators are rewarded with points which are later converted into GALA tokens. This way, the Founder’s Nodes are incentivized to continue their network contributions.

Another significant part of the Gala Games ecosystem is the NFT Marketplace. The use of non-fungible tokens is one of the core mechanisms of the games available on the Gala network. They act as the solution to the problem of vanishing assets in traditional games, as all NFTs are linked directly to their owners.

The NFTs can be purchased using several different currencies. Therefore, if a user finds that the GALA price of an asset is not favorable, they can opt for a different payment option. Other commonly used payment methods include Ether (ETH) and the Basic Attention Token (BAT).

While Gala hosts several different types of NFT collectibles for each game, one of its best-known projects is VOX. Vox is a collection of 8,888 VOX non-fungible tokens, which can be used in the game Town Star. The GALA price does not include gas fees that are paid for in ETH. Town Star players can then earn the in-game token TOWN.

What's Gala trading volume in the last 24 hours?

GALA has a trading volume of $126,341,418 in the last 24 hours.

What's Gala highest price ever?

GALA has a highest price of $0.8367, which was reached on Nov 26, 2021 (2 years 6 months ago).

What's Gala lowest price ever?

GALA has a lowest price of $0.0002, which was reached on Dec 28, 2020 (3 years 5 months ago).

What are the best exchanges for buying and selling GALA?

Currently, the most active and dominating exchanges for buying and selling Gala are Binance, Kraken & Kucoin. The most popular Gala trading pairs are GALA/USDT (on Binance ), GALA/USDT (on Huobi Global ), GALA/USDT (on WhiteBIT ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping GALA?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Gala. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Gala project's Circulating Supply has been verified and is equal to:

Circulating Supply

31,337,765,016 GALA

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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