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Binance, the world’s largest crypto exchange, announced today that it has listed its altcoin project Gala Games (GALA). On the exchange, the GALA/BTC, GALA/BNB, GALA/BUSD and GALA/USDT trading pairs will now be available for trading. With the news of the stock market’s listing, the price of altcoin rose unbelievably. Cryptocoin. com, we have compiled the details for you, let’s look together…

Binance lists altcoin project Gala Games (GALA)! price flew

Leading crypto exchange Binance announced today that it has listed altcoin project Gala Games (GALA). The stock market made the following statement on the subject:

Binance will list Gala (GALA) and open trading for GALA/BTC, GALA/BNB, GALA/BUSD and GALA/USDT trading pairs on 13.09. 2021. Users can now start depositing GALA in preparation for trading. Withdrawals for GALA will open on 14.09. 2021. Note: Withdrawal open time is an estimated time for users’ reference. Users can see the real status on the withdrawal page.

https://twitter. com/binance/status/1437234983983140869

With the listing announcement of the exchange, the price of altcoin skyrocketed and increased by 250 percent. At the time of writing, this upward trend continues.

What is the altcoin project Gala Games (GALA)?

Gala Games is a GameFi platform that aims to create an ecosystem of Blockchain games. GALA is the service token of the platform and is used for node operator incentives, network management, in-game rewards for playing platform games, in-game currency and NFTs for purchasing items in the Gala store. Gala Games is not a single game, but rather a series of different Blockchain games that prioritize fun and have Blockchain in the background.

So far, Gala Games has released one playable game: Town Star and an NFT collectible series VOX. It plans to release more games in the future, including a fantasy RPG game, a sci-fi strategy game, and a tower defense game. Other games are also in development by Gala Games such as Fortified, Mirandus, Echoes of Empire and Spider Tank Project. Since its launch in July 2019, Gala Games has reached 1.3 million monthly active users and the most expensive piece has been sold for 26,000 NFTs worth $3 million.

Eric Schiermeyer

Look at the project team

Gala Games was founded by Eric Schiermeyer. Eric Schiermeyer was the co-founder of Zynga, a popular social and mobile gaming company. Under Schiermeyer’s leadership, Zynga launched popular hidollar series such as Poker, Mafia Wars, and Farmville.

What is Gala Token and what is it used for?

There will be 35 billion GALA tokens in the maximum total supply. There are currently about 7 billion GALA in circulation. 17.123.286 GALA is distributed daily at approximately 0200 UTC. Half of this GALA is distributed to the Founder’s Node operators and half to the Gala Games conservator. Every year on July 21, GALA distribution will be halved. For example, as of July 21, 2022, the daily distribution of GALA will be 8,561,643 instead of 17,123,286.

The GALA token serves as a utility token that is used to purchase in-game items and can be earned by running a node. GALA token runs on Ethereum and BSC Blockchain. The network is secured by its own cluster of nodes called Founder Nodes. Gala Games specifies a maximum of 50,000 Founding Nodes that validate in-game transactions and secure the network.


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Michael Lewis

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