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Live GALA/INR Price
₹ 0.2206
2.09%
Price Changes
₹ 0.00461054
2.09%
24h Low
₹ 0.2198
24h High
₹ 0.2292
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GALA
Price
INR
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GALA is the Ethereum-based cryptocurrency that powers Gala Games, a platform that aims to bring lucrative gaming experiences to the blockchain. The project wants to remove the apparent roadblocks that blockchain gamers face while interacting with these platforms. The project wants users not to spend large amounts of money purchasing in-game assets before they even start playing. Gala Games is working to give players even more control over their games and assets in a mission to rethink blockchain gaming entirely.
• Users who interact with the Gala Games ecosystem have the power to call the shots in terms of governance.
• Using GALA, the network’s utility token, users can participate in making decisions about the platform. A mechanism called The Founder’s Nodes regulates the users’ involvement and decides funding requirements for different games.
• Gala Games has released two completed games so far – Town Star and VOX for its users. They also plan to release a tower defense game and a fantasy RPG game that serves its sci-fi enthusiasts.
Analysts predict a general upward trend for the coin in the long term. Expert analysts predict that the coin could reach $0.5 levels by the time 2022 rolls around. By the end of the year, the coin could rally to $1.1 levels if the current rate of adoption stays stable. GALA could also skyrocket if its subsequent games are as big hits as Town Star was.
• Gamers on the Gala Games network can use the coin to buy items, upgrades, and other in-game assets.
• Large holders of the coin can participate in governance discussions and votes, pitching in their two cents about the platform’s protocols.
• The coin is used as a store of value by players in the blockchain gaming ecosystem because they believe in its growth.
• Expert price forecasts for the GALA token suggest positive growth in the near future. Some analysts suggest that GALA could be an excellent investment for the long term as well.
• GALA is trying to revolutionise the gaming industry by incorporating a more freedom-oriented blockchain concept.
• It utilises a wide range of blockchains to use three integrated consensus mechanisms.
Cons
• It is not the only player in the industry.
• Faces stiff competition from projects like Decentraland and The Sandbox.
• You can start trading on the app with only Rs 100.
• Enables immediate cancellation and deposit to bank accounts immediately.
• Trade at null fees on this safest Bitcoin exchange.
• Intuitive and easy user interface.
• Offers easy monitoring to beginners.
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1. What is the GALA crypto used for?
GALA is an Ethereum-based token that powers the Gala Games ecosystem, and it acts as a medium of exchange between the ecosystem’s participants and the games. The token can also be used to virtually purchase and sell in-game items and objects.
2. Is the GALA coin an ERC20?
Yes, the protocols that make the GALA token possible fall under Ethereum’s ERC20, among others.
3. Who developed the GALA token?
Eric Schiermeyer developed the GALA token in 2019. He co-founded mobile game companies like Mafia Wars and Farmville. Currently, Gala Games has more than 1.3 million growing and active users.
4. What is the total supply of GALA tokens?
The maximum supply of GALA tokens is capped at 35 billion, and experts analyse that 7 billion of those are in circulation today.
Highlight
GALA is the native token of GALA Games, a blockchain platform that aims to revolutionise the gaming industry by giving players more control over their games.
GALA Price Today
GALA Price
₹0.2206
Price Change 24h
2.09%
Price Change 7d
4.68%
Market Rank
#167
Market Cap
₹1,037 Cr.
Trade Vol 24h
₹256 Cr
Circulating Supply
₹4,861 Cr. GALA
Trading Activity
88% Buy12% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
