What is GALA?

_{What is Gala (GALA)?}

Gala (GALA) is a token used in the Gala Games ecosystem
WHICH AIMS TO REVOLUTIONIZE THE GAMING INDUSTRY BY GIVING PLAYERS TRUE OWNERSHIP OF IN-GAME ASSETS.
This ecosystem allows players to create, own, and exchange assets using cryptocurrencies.
which promotes a player-owned gaming industry.

_{Founder/Date Founded:}

Gala Games was founded in 2019 by Eric Schiermeyer, Wright Thurston, and Michael McCarthy
Eric Schiermeyer is the co-founder of Zynga, a well-known social media gaming company.
Wright Thurston and Michael McCarthy bring significant experience from the blockchain and gaming industry to Gala Games.

_{Objective/Use Case:}

The main objective of Gala is to create a decentralized gaming ecosystem in which players own in-game assets.
Players can buy, sell, and trade NFTs, participate in governance, and earn rewards from executing nodes in the network.‍

_{Total Supply/ Limit or Unlimited:}

GALA has a peak supply of about 50 billion tokens, with about 37.63 billion tokens currently in circulation.
The token supply mechanism includes a drop in release rates over time.

_{Supply Deflation:}

GALA USES A TOKEN BURNING MECHANISM WHERE PART OF THE TRANSACTION FEES AND NODE REWARDS ARE PERMANENTLY BURNED.
This mechanism reduces the total supply in the future and increases the value of the remaining tokens.

_Source:

‍Gala whitepaper
Support.gala
CoinMarketCap/Gala

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