GALA is currently used to purchase Gala Games NFTs and the aforementioned founder’s node license . In the future, GALA will likely be used to pay for transaction fees on the GALA chain. GALA has a total supply of quote approximately 50 billion, which makes it unclear as to whether the token has a maximum supply or not.
Read moreIs Gala An ERC 20 token?
The protocols that make NFTs and GALA possible fall under the categories of ERC20, ERC721, and ERC1155.. The tokens listed represent items, help conduct trade, and provide other useful utilities within the Gala Games ecosystem .
Read moreWhat blockchain does gala use?
Gala Games plans to launch its own blockchain The GALA platform currently runs on Ethereum , which has had issues in the past with high transaction fees and network congestion.
Read moreIs Gala proof of work?
The Gala Games network is secured through a triple-proof node system. Through proof of work, proof of stake, and proof of storage, the Gala ecosystem is powered and secured . Aside from the games, the NFTs and the GALA token are secured as it is built on the Ethereum blockchain.
Read moreDoes Gala have its own blockchain?
Which blockchain network hosts GALA? GALA is hosted on Ethereum .
Read moreHow do you get a gala token?
Fortunately you can buy Gala with the Coinbase app anywhere Coinbase is available.
Read moreWhat is the use of Gala coin?
GALA is an Ethereum token that powers Gala Games, a platform for blockchain gaming. GALA is used as the medium of exchange between Gala Games participants . For example, it can be used to pay for in-game items.
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