GALA Crypto is an Ethereum token that powers Gala Games, a medium for blockchain gaming. We used GALA as the medium of exchange between Gala Game’s players. For example, you can use it to pay for in-game items.
What Is GALA Crypto Token (GALA)?
The GALA Crypto token is the Gala Games ecosystem’s digital utility token. The token is cryptographically secure and native to the Gala Games ecosystem. We can share gala peer-to-peer between users, who have entire power over how to use it. Thus, the GALA token powers the Gala Games ecosystem.
The players in the Gala Games ecosystem use GALA Crypto as a non-refundable utility token and a medium of swap. Introducing GALA Crypto desires to deliver an opportunely and secure mode of revenue and payment between participants who interact within the Gala Games ecosystem, for instance, to pay for digital goods or in-game items. Such items on the Ethereum blockchain can access with various open-source and cryptographically secure wallets and storage mechanisms. For example, the GALA Crypto website wallet and the GALA Crypto app are open-source, keyphrase-secured crypto wallets. Once you have created the wallet, nobody else other than the account owner can access the funds and items stored within that wallet.
GALA Crypto believes the elaborateness of the blockchain should be hidden in its games. So, it uses simple game mechanics that all players can enjoy, whether they consider themselves blockchain pros. Players get actual ownership of what they win in the games. For example, if a player earns or wins a magical sword on the Gala Game platform, the sword belongs to the player. The objects and any inherited level are supportable investments on the blockchain that one can exchange with another person or play with in-game. Everything in the Gala Games ecosystem counts on the player-owned node ecosystem. Users who use Gala nodes from their home computers supported the Gala Network.
The decentralized Gala Games ecosystem aims to open the doors for users and give players back the power they earn. Through decentralization, players, besides owning their in-game items, have a say in how the Gala Games road map develops. Through distributed voting mechanisms, players, and node owners will enlist to help decide on the games to be added or funded by the decentralized Gala Games ecosystem.
Founder’s nodes are the Gala Games ecosystem’s backbone. Everyone using a founder’s node is donating to developing the decentralized gaming network. By running a founder’s node, players can work to get absolute ownership of their assets and content. Consensus voting is an option offered to all founder’s node operators in the node network. Often these votes are around which games arrive at the Gala Games forum.
History of GALA Crypto.
Eric Schiermeyer is the CEO of Gala Games. He also co-founded Zynga, a famous social and mobile games company. Eric has wealthy experience performing on innovative technology in the gaming space. He founded Gala Games in July 2019 to make a blockchain-based game network and give performers more rights to their games.
How to Earn Gala Crypto?
Founder’s nodes reach GALA rewards by helping the ecosystem that enables games to run. For example, the first game built for the Gala Games ecosystem, Town Star, has a reward structure where the top players are rewarded in GALA Crypto tokens.
Daily, they distributed GALA Crypto to the founder’s nodes that have served each cycle for at least the required time. So, it helps function Gala Games as a truly decentralized gaming network. In addition, it added a halving mechanism to the distribution, which is done through voting. Halving reduces the reward coins with time or the number of blocks.
What is GALA Crypto Used For?
GALA is an Ethereum-based token utilized as a tool of value exchange among Gala Game’s players. GALA is a peer-to-peer (P2P) payment currency to reward nodes participating in network operations and the Gala Games governance and voting system.
GALA Crypto Token Live Price, Market Cap, Volume, Supply.
Gala Crypto Price History
GALA’s price has been bullish for the long term, as the token increased to an all-time high of a further $0.8. Since its inception in 2019, the pass achieved a value of $0.0015 in Sept 2020. Following this price level, the token fell as low as $0.0002 and rebounded to a price of $0.003.
Following the start of 2021, the token reached a price of $0.03 by March, down to $0.0078. However, the token diverted bullish and recycled $0.04 by Sept 2021.
The GALA price forecast presented by several websites is mainly bullish, and it seems that soon, we will see the average price of the GALA token above $1.
Gala Crypto Price Predictions 2022 – 2031
A bit better bullish than PricePrediction in the extended run, WalletInvestor orders GALA as a “perfect” long-term investment. By December 2022, the site’s maximum average price forecast for the coin will be close to $0.153. Although, according to its GALA cryptocurrency price prediction, it will likely hit $0.233 in a year and $0.936 in five years by the end of the year, it expects the price of the GALA currency to get $0.682.
Digital Coin Price
DigitalCoinPrice GALA Coin price forecast is slightly less bullish. It indicates that GALA will finish up averaging $0.0687 in December 2022. The site expects that the average value for 2025 will be $0.11 and that GALA will increase to $0.22 in 2029.
Tech News Leader
According to TechNewsLeader’s Gala price prediction, the price of GALA tokens is expected to reach $0.12 in 2022, “taking the market has a definite bull run in 2022.” The report briefed, “Given that long-term investors are expected to hold it, its average price for 2022 will be around $0.10.” The GALA coin’s highest and lowest price levels in 2030 are $2.57 and $2.08, respectively.
Gala Crypto Price Prediction 2022
In 2022 they expect the price of Gala to reach the lowest level of $0.055. After that, the GALA price can reach a maximum level of $0.061 with an average trading price of $0.057.
Gala Crypto Price Prediction 2023
We predict the price of the Gala to reach a minimum level of $0.100 in 2023. After that, the Gala price can reach a maximum level of $0.12 with an average price of $0.10 throughout 2023.
Gala Crypto Price Prediction 2024
In 2024, it expected the price of a Gala to get a minimum level of $0.15. The GALA price can gain a maximum level of $0.17 with a moderate trading price of $0.15.
Gala Crypto Price Prediction, 2025
We expect the price of the Gala to reach a minimum level of $0.21 in 2025. After that, the GALA price can reach a maximum level of $0.26 with an average price of $0.22 throughout 2025.
Gala Crypto Price Prediction 2026
They predicted gala price to reach the lowest possible level of $0.30 in 2026. As per our conclusions, the GALA price could achieve a maximum level of $0.36 with the average projection price of $0.31.
Gala Crypto Price Prediction 2027
In 2027, they forecast the price of Gala to be at around a minimum value of $0.46. After that, the Gala price can reach a maximum of $0.52 with an average trading value of $0.48.
Gala Crypto Price Prediction, 2028
They predicted the price of the Gala to reach a minimum value of $0.64 in 2028. After that, the Gala price could get a maximum value of $0.80, with the average trading price of $0.66 throughout 2028.
Gala Crypto Price Prediction 2029
In 2029 the price of the Gala is expected to reach a minimum fee of $0.92. The GALA price can get a maximum price of $1.12 with an average value of $0.95.
Gala Crypto Price Prediction 2030
They predict the price of the Gala to reach a minimum value of $1.40 in 2030. After that, the Gala price could get a maximum value of $1.60, with the average trading price of $1.44 throughout 2030.
Gala Crypto Price Prediction 2031
Gala price will get the lowest possible grade of $2.06 in 2031. As per our conclusions, the GALA price could reach a most possible rank of $2.41 with the average forecast price of $2.12.
Is Gala Crypto a good investment?
Gala token growth will be relatively slow this year before selecting up speed in 2023 and years later. By this point, the Gala coin is a perfect asset in 2022 if you like a long-term investment.
When is a new ATH projected for the Gala?
In 2031 Gala will fly, setting a new all-time high of $2.41. The development will see Gala put recent support levels at $2.06. Any necessary actions in the ecosystem before 2031 could see Gala reach a new high earlier.
What is the Maximum Token Supply of GALA?
GALA is determined to be 35.24 billion tokens.
Who is the Gala Founder?
Zynga co-founder Eric Schiermeye established Gala Games in July 2019.