MarketCap $1.18T +0.78%
24H Volume $51.16B -12.87%
The Gala Games ecosystem is governed by the GALA token that acts as a medium of exchange on which all transactions in the network are settled. The token runs on the Ethereum and Binance Smart Chain networks. The platform is also secured by its own set of nodes dubbed Founder Nodes. A maximum of 50,000 Founder Nodes are needed to verify transactions and secure the network.
The Gala token is used to power the in-game economy across all the different games available in the ecosystem as well as incentivizing node operators for supporting and facilitating the network. Players can make in-game purchases with the token or trade peer-to-peer. For instance, in Gala's first game, Town Star, the top players are rewarded in GALA. The token is also used to purchase Founder's Nodes. Gala is available on both Ethereum and the Binance Smart Chain at this time so wallets like Metamask, Trust Wallet, or Binance wallet are popular options for accessing tokens on decentralized applications.