In the cryptocurrency market, many gaming tokens are grabbing the attention of crypto investors. Some famous gaming tokens are The Sandbox, Axie Infinity, Decntraland, MyNeighbourAlice, Enjin Coin, etc. All these coins are filling investor’s pockets with profits.
Today we are going to introduce you to a famous and growing gaming project. The name of this gaming project is Gala Games, it is working in the gaming industry and its official token is GALA which is used by the users to hold and buy and sell gaming collectibles on this platform.
What is The Gala Games (GALA)?
Gala Games is a project based on blockchain technology and its main aim is to take the whole gaming industry in a different direction by providing control to players over their games.
The Gala Games players can buy and own non-fungible tokens (NFTs) from this platform to influence the governance of games. Its official token is GALA. This platform provides a voting mechanism that allows its players to influence what games should be developed and what games should get the funding.
Gala Games was launched in 2019 and since its launch, it has become successful in grabbing more than 1.3 million monthly active users. More than 26000 NFTs have already been sold and the most expensive NFT was sold at a price of $3 million.
Who are the Founders of Gala Games?
Gala Games was founded by Eric Schiermeyer, Wright Thurston, and Michael McCarthy in July 2019. Currently, they have around 60 employees in their team, who work on game developments. According to Gala Games, this game is truly owned by its players. The first game launched by Gala Games is Town Star.
What Makes Gala Games (GALA) Unique Among Others?
Gala Games offers a wide range of different games based on blockchain technology. The first game is launched by Gala is Toen Star which is a town simulation game and it can be played from the browser. The players of this game actually own the towns.
VOX is another Gala game which is actually a set of collectible NFT avatars. Initially, 8888 VOX was distributed among users at a price of 0.0888 ETH (Ethereum) each.
More games are under development on this platform. Other famous games are Fortified, Mirandus, Echoes of Empire, and Spider Tank Project.
Gala has a community on Discord and they constantly collect feedback from this community to improve the gaming experience.
Gala users can also run Gala Nodes on their network to receive rewards like GALA, NFTs, and other opportunities. All these things make Gala unique among other gaming platforms.
How Many GALA Tokens Are In the Market Circulation?
Currently, there are around 7 billion GALA in market circulation and the maximum total supply is 35 billion tokens. According to the Gala website, half of the total tokens are distributed among Gala Node operators and the other half are to Gala Games conservatorship. The Gala tokens are used as a utility token to purchase items in the game.
GALA Token Market Cap, Total Supply, and Current Price
|Token Name||Gala Games (GALA)|
|Circulating Supply||6.98B GALA|
|Total Supply||35,240,112,493 SAND|
|SAND Token Price||$0.5473 (03 December 2021)|
|Ethereum Contracts Address||0x15D4c048F83bd7e37d49eA4C83a07267Ec4203dA (Ethereum)|
GALA Token Price Prediction 2021, 2022
The current price of the GALA token is $0.5473 on 03 December 2021. At the time of listing GALA tokens on CoinMarketCap, its price was $0.001582 on 20 Sep 2020. Its price suddenly started growing after the Facebook rebranding announcement by Mark Zuckerberg. Its all-time-high price is $0.8367 on Nov 26, 2021. If we talk about the price prediction of GALA tokens then according to our analysis it can cross the $1 mark in this year 2021. It will grow rapidly in the next few years due to developments in the gaming and the virtual world industry. According to market experts in 2022 its price can reach up to $4 to $5.
How Can You Buy The GALA Tokens?
GALA tokens are already listed in approximately all major and small cryptocurrency exchanges. If you want to buy GALA tokens then you can choose Binance, Bitmart, WazirX, Coinbase, KuCoin, etc. You can also buy this token from WazirX which is the largest INR cryptocurrency exchange in the world.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.