What is Gala Coin and How Does it Work?

What is Gala Coin and How Does it Work?

Gala Games is an industry leader in blockchain game production and is experiencing explosive growth. This platform was the driving force behind the development of GALA Coin. Eric Schiermeyer launched Gala Project 2020 with the aim to extend digital freedom to everyone.

Eric Schiermeyer is best known for founding Zynga, which is now considered a pioneer in the field of social mobile games. Gala Games was founded in July 2019 by Schiermeyer, a pioneer in the gaming industry, to build a gaming network based on blockchain technology.

Gala Games is a platform for the development of blockchain-based games. One of its functions is to facilitate the transfer of legal ownership of non-fungible tokens (NFTs) to the participants of these games. The main goal of Gala Games is to decentralize authority and give players more influence over the outcome of the competition.

The following video games are now available on the Gala platform: Town Star, Mirandus, Spider Tanks, Fortified and Echoes of Empire. The user does not have to pay anything to buy and play any of these games.

Gala Coin Value

The most famous game in the whole world is called Town Star. During the game, players have the opportunity to develop their economy by farming land, collecting materials and searching for resources. Since the launch of the game in 2019, there are currently more than 1.3 million players using Gala Games every month. A total of 26,000 NFTs have been sold so far, with the most expensive one costing $3 million.

Analyzing the Value and Future of GALA

Users of the Gala Games ecosystem can use the GALA Coin as a simple and effective way to make financial transactions. Players can use GALA Coins to make in-game purchases, redeem in-game rewards and make in-game payments.

Gala Coin Value

Below is a list of methods you can use to obtain GALA Coins:

Operating a node on the GALA network can qualify you to receive a daily payment for your contribution to the integrity and security of the network.

Invite your friends and receive a reward in the form of GALA coins!

GALA coins can be purchased on many digital currency exchanges.

Users have the opportunity to operate Gala nodes, which are the basic building blocks of the Gala network. In return, you can receive Gala coins in addition to a certain number of NFTs and other possible outcomes.

The Gala Node ecosystem consists of three different node types: Proof-of-Work (PoW), Proof-of-Stake (PoS) and Proof-Storage nodes. PoW consists of at least 50,000 NFTs that are fully owned. Constituent nodes are level 2 nodes. Constituent nodes are the first and most important supporters of the network and also form the backbone of the infrastructure. They receive NFTs from each subsequent game, as well as GALA tokens issued for node licenses.

The Point of Sale (PoS) system is based on nodes that are “rented” by game producers in exchange for financial compensation and form the backbone of the system. Since proof-of-storage is used, the ecosystem of nodes acts as a single repository for game data. Free nodes are nodes that cost nothing and are the reason why cloud storage services like Amazon S3 are no longer necessary.

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