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Gala GALA Price

$0.024

-2.97%

$0.024

24h Range

$0.025

Market Cap

$877,845,730.8

Fully Diluted Valuation

$925,933,720.4

24 Hour Trading Vol

$73,800,641.6

Circulating Supply

36,951,021,429.0

Total Supply

38,975,181,565.0

Max Supply

Info

GALA Price Statistics

Gala Price

$0.024

24h Range

$0.024 - $0.025

Percent Change 1h

0.12%

Percent Change 24h

-2.97%

Percent Change 7d

7.55%

All-time high

$0.825

All-time low

$0.000135

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About Gala

What is Gala (GALA)?

Gala (GALA) is a cryptocurrency and platform designed to revolutionize the gaming industry by enabling players to truly own their in-game assets. Launched in 2020, Gala Games aims to decentralize gaming, allowing players to have control over their digital items through blockchain technology. GALA is the native utility token of the Gala ecosystem, used for various transactions within the platform, including purchasing assets, participating in governance, and rewarding players. The platform supports a diverse range of games and is committed to providing a user-friendly experience while integrating the benefits of blockchain technology.

Who are the Founders of Gala?

Gala Games was co-founded by Eric Schiermeyer, who is also known for his role in the popular game company Zynga. Alongside Schiermeyer, the founding team includes other industry veterans such as Wright Thurston and Michael McCarthy. The team collectively has extensive experience in both gaming and blockchain, which is pivotal in driving Gala's vision of creating a decentralized gaming ecosystem where players have true ownership of their assets.

How does Gala Work?

Gala operates on the Ethereum blockchain, leveraging smart contracts to ensure transparency and security for its users. The ecosystem consists of various components, including:

  • Game Nodes: Players can run Gala Game nodes, which help validate transactions and maintain the network. Node operators are rewarded with GALA tokens for their contribution.
  • Blockchain Technology: Gala uses blockchain to create non-fungible tokens (NFTs) for in-game assets, enabling true ownership and trade among players.
  • Decentralized Governance: GALA token holders can participate in decision-making regarding future developments and game releases within the Gala ecosystem.

Overall, Gala's model encourages player engagement through incentives while ensuring a decentralized platform for gaming.

Top Use Cases of Gala

Gala has several notable use cases that enhance its value and utility in the gaming sector:

  • Ownership of In-Game Assets: Players can buy, sell, and trade their NFTs, ensuring they have actual ownership of their digital items.
  • Staking: Users can stake their GALA tokens to earn rewards, contributing to network security and governance.
  • Game Development: Developers can create and publish games on the Gala platform, utilizing GALA for transactions and funding.
  • Community Engagement: GALA allows players to vote on game development and updates, fostering a community-driven environment.
  • Play-to-Earn Model: Players can earn GALA tokens through gameplay, providing an incentive to engage with the platform.

How to Keep your Gala Safe?

To ensure the safety of your GALA tokens and assets, consider the following practices:

  • Use Secure Wallets: Store your GALA tokens in reputable wallets, such as hardware wallets (e.g., Ledger or Trezor) for enhanced security.
  • Enable Two-Factor Authentication (2FA): If using exchanges or online wallets, always enable 2FA to add an extra layer of protection.
  • Be Wary of Phishing Attacks: Always verify links and sources before entering sensitive information or downloading software related to your GALA assets.
  • Regular Updates: Keep your software, wallets, and devices updated to protect against vulnerabilities.
  • Backup Your Wallet: Ensure you have secure backups of your wallet's recovery phrases and keys to prevent loss of access.

How to Invest in Gala (GALA)?

Investing in Gala (GALA) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Gala: Once your account is funded, you can purchase Gala directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Gala (GALA) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Gala using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Gala (GALA) in the Long Term?

Gala (GALA) is currently trading at $0.024 and exhibits good potential for future growth. Check the latest Gala (GALA) price prediction.

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