What is Gala ?
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.
Primary features of Gala
- 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 competed games so far – Town Star and VOX for its users. They also plan to release a tower defence game and a fantasy RPG game that serves its sci-fi enthusiasts.
Is Gala a promising cryptocurrency?
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.
How to use Gala?
- 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.
Pros & Cons of Gala
- 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.
- It is not the only player in the industry.
- Faces stiff competition from projects like Decentraland and The Sandbox.
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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.