Crypto games that combine play-to-win (P2E) and non-fungible token (NFT) mechanics have found a huge boost in 2021 and 2022, thanks to the success of Axie Infinity and the metaverse hype.
Axie Infinity has become known for its repetitive gameplay, known to gamers as "grinding", while The Sandbox and Decentraland do not provide attractive graphics. Among the many games available, there is one that deserves attention, which is actually not really a game per se, but a platform. And it is called Gala Games.
Gala Games presents itself as a gaming blockchain ecosystem. Its digital fuel is the Gala Games (GALA) token, created using the ERC-20 standard on the Ethereum blockchain. It is also compatible with the Binance Smart Chain.
In today's video, we're going to tell you everything you need to know about this project, including the tokenomics aspect, Staking, our price predictions for the Gala token, and most importantly why we think this project is unique and how it will revolutionize the world of Blockchain gaming.
So, as usual, watch this video to the end, so you don't miss any details.
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Gala Games is a prime candidate for success, as it presents an impressive project.
Gala Games wants to disrupt the gaming industry by giving players back control of their games. What Gala Games is trying to do is create AAA games that will attract players not because they are on the blockchain, but because they are great.
When you think of blockchain-based games, there are probably a few names that immediately come to mind. Axie Infinity, Decentraland, The Sandbox, Star Atlas, and other big names. Then, when you think of traditional games, you might think of GTA, Call of Duty, EA Sports, World of Warcraft, Halo, Counter-Strike, and many more.
Now, take a moment to think about what separates these blockchain businesses from traditional businesses (outside of blockchain of course). After a few moments of reflection, you may have come to the same conclusion we did: blockchain games are not as fun to play as traditional games.
None of these games is anything special, with the possible exception of Star Atlas, which won't launch for years, and Axie Infinity, a simple game that doesn't offer much interest beyond the financial aspect. Decentraland and The Sandbox have graphics that aren't great and there's not much to do in those games.
That's why Gala Games decided to create the best games on the market, blockchain-based or not, while taking advantage of the added benefit of being on blockchain, which allows for the incorporation of both full ownership of NFTs and earnings.
The result is already visible with one game in operation and one in beta mode. The game in beta mode is called Spider Tanks and they even held a world cup in Seoul that had thousands of spectators. The game has good e-sports qualities and has all the chances to explode completely when released.
For now, the Gala crypto and gaming tokens are on the Ethereum blockchain, but they will later be moved to Sidechain Gala. Currently, much of the traffic on the games and marketplace is fed through Gala nodes, also known as founder nodes, but the details surrounding this are a bit fuzzy. Later, these nodes will feed into the Gala sidechain.
Be aware that there will only ever be 50,000 nodes, which should handle up to 100 million active users per month.
In addition to the founding nodes, there will be game-specific nodes. These nodes will not earn rewards in GALA tokens, but in the currency of the game in question. Only one game currently has active nodes, and that is Town Star. One of the benefits of these nodes is that they allow games to run without the need to open the browser. These nodes will also vote on game-specific updates.
To express the value created at Gala Games, it is helpful to talk about what they have already created and what is in development. These are fun and engaging games, and while you may have come to watch this video to find out if GALA is a good deal or not, you may discover a fun game instead. There are currently some super cool games like Town Star, Mirandus, and Fortified. Keep in mind that these are just three of a long list of games that Gala will be launching.
Now, let's talk about everything you need to know about the Gala crypto
The Gala crypto is an ERC-20 token, but it also exists on Binance's Smart Chain as a BEP20 token. The GALA coin is used to pay NFTs on their marketplace and as payment for Founders Node licenses. In the future, the Gala crypto will likely also be used as payment for transactions on the Gala sidechain.
Gala Games' tokenomics is a bit fuzzy, but according to their page, the maximum supply is around 50 billion. The Gala crypto is distributed at a rate of just over 17 million per day and 50% goes to Founders Nodes while the other half goes to the Gala Games Conservatorship for ecosystem development. This will be cut in half each year until it reaches 0.
What is strange and unclear about Gala is its current outstanding supply. CoinmarketCap and CoinGecko both show small amounts of supply, while Etherscan shows a massive outstanding supply of 36 billion. This is concerning, as without knowing the actual supply, it is difficult to judge the price potential. There is also no way to know the market capitalization.
Now, do you want us to talk about Staking?
Before we tell you how it goes, if you've already benefited from this video, please leave us a "Like" and share this video if you haven't already done so. Let's continue.
Gala is already a big name in the cryptocurrency sphere. That said, it does feature the opportunity of staking. More explicitly, you can decide to put some of your Gala tokens into play for a while. This is an action that helps the network function and for which you are thanked by earning Gala tokens.
Anyone can win money with Gala games, as they are primarily focused on player enrichment and full ownership of the game assets by the players. By playing Gala games, everyone can make money.
On any smart device, one can play games for free and earn Gala coins that become yours.
And if you share a referral link with other players and they use it, that means you earn coins.
As soon as you own a node, you earn coins. Be active at least 6 hours a day and earn. Node owners receive daily rewards in the form of coins and NFT.
Now that you know its tokenomics, how staking works, and more. It's time to go further and find out where to buy crypto Gala?
Well, the crypto Gala can be traded on the major cryptocurrency exchanges. Binance, Nexo, or even Coinbase are good places to get crypto Gala. They are all very popular in the crypto exchange community and are references that guarantee secure exchanges.
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