About
Gala Games’ main utility token, GALA coin, is used to fund the Gala Games Blockchain Gaming Platform. It aims at redefining both gaming and blockchain in general.

Gala Games grants players complete ownership over their in-game assets. Players can also hold NFT and contribute to its governance.

Gala Games, co-founded by Zynga founders (NASDAQ;), in 2019, has over 1.8 Million monthly active users. Gala Games was initially built using the Ethereum network. In 2021, Gala Games split its ecosystem and the Ethereum blockchain.

The blockchain gaming platform also oversees the group of creative technologists, Gala Labs, which is behind collectible NFTs and animated 3D avatars ‘VOX.’

The current status of the project
Gala Nodes users are responsible for protecting the platform. They also receive rewards when they contribute to it. Out of maximum 50,000, the platform has more than 24,000 active nodes.

Proof-of-Work (PoS), Proof-of-Stake(PoS), and Proof-of-Storage protocols are key elements of the node ecosystem.

All the games can be played for free through decentralized apps (dApps).

GALA, the ERC-20 utility token, is used to purchase digital goods and NFTs within Gala Games ecosystem. GALA can be used to reward operators of nodes.

In August 2021, the Ethereum-based gaming platform was connected to Binance Smart Chain.

Whitepaper:
Whitepaper available as a single document.

The official website has support articles that explain everything about tokenomics, rewards, product, and tokenomics.

Fundraising:
GALA token launched without an Initial Coin Offering in 2020.

The only way to obtain the token was by running a founders node, or by playing the project’s games.

Phase of development
Gala Games currently has 5 games available to users. These are Mirandus and Town Star as well as Echoes of Empire and Spider Tanks.

It has a link with Binance Smart Chain and a partnership agreement with Polygon Blockchain.

In its final preparations to release the Game Node license Gala Games will give users responsibility for Town Star’s growth, and the ability to earn rewards for doing so.

Roadmap:
Gala Games opens presale on December 9th for the two new Gala Games games

Security upgrades for platform to take place by January 3rd 2022.

Teams
Eric Schiermeyer was the cofounder of Zynga’s mobile gaming platform. Wright Thurston is a patent holder on blockchain technology. Michael McCarthy, who previously served as FarmVille 2’s creative director, founded the company.

Gala Games had 89 employees as of the date of publication.

Partnerships:
A partnership with 888 The New World – a digital marketplace for art.

Invested in Concept Art House – a well-known game art production company, which contributed to more than 1000 top games like Fortnite and League of Legends.

Community:
Social media accounts: Discord (106.7K), Facebook (34.9K), Discord (109.5K), Discord (106.7K), Instagram (NASDAQ:), (34K), Youtube (13.3K).

Supporter groups for Gala Games are active and loyal.

Among the project followers are big crypto influencers like Ryan Selkis and David Gokhstein.

The following are key metrics
Supply limit:50 billion

Supply circulation: 6.98 billion

Market Cap $3.3 billion

Token distribution & allocation:
Daily distribution of 17,123,286 GALA takes place. Half of it goes to the operators of nodes, and the rest goes towards the development of Gala Games ecosystem.

Gala Games reduces the July distribution.

More than 62K Ethereum Network holders and 28K Binance Smart ChainWallets are available.

91% wallet addresses have more than 1 percent of the total circulating supply.

List of exchanges
Listing on 65 cryptocurrency exchanges. Full list here.

Wallets:
GALA works with MetaMask Trust Wallet and Binance Chain Wallet.

Pricing:
Highest ever (ATH), $0.821 November 2021

December 2020: All-time Low (ATL), $0.0001347

GALA is just below 40% of its ATH as of the publishing date.

Verdict:

• Gala Games has strong foundations. Gala Games is on the right track in order to maximize its chances of success.
• By 2024, the gaming industry will grow at a rate of approximately 12 percent. Naturally this could also play into GALA coin’s future price growth.
• Tough competition in the field of blockchain-based play-to-earn games, and high gas fees, represent the biggest roadblocks to Gala Games’ future growth. However, Gala Games’ bridge with the Binance Smart Chain, and its partnership with Polygon, have expanded its ecosystem outside of Ethereum, essentially eliminating the risks provided by high network fees.
• GALA is an intermediate-market cap cryptocurrency that has a restricted max supply and is listed on some of the most popular cryptocurrency exchanges. The cryptocurrency is in the middle stage of its growth and still has potential to grow further. The GALA token’s circulating supply is very low so price growth could take some time.

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