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What Is Gala?

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Nov 21, 2022
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5 min read
what-is-gala

This blog post will cover:

  • About Gala (GALA)
  • Where did Gala (GALA) come from?
  • What are the advantages of Gala (GALA)?
  • What are the disadvantages of Gala (GALA)?
  • How to buy Gala (GALA) on SimpleSwap?

About Gala (GALA)

GALA is a token from the gaming and NFT area used on the Gala Games platform. This platform has its peculiarity, it gives players control over the game. The GALA token is used as a means of exchange between players and an instrument to pay for goods on a platform.

Gala Games is focused on creating social games. The inevitable attribute of social games is the trading system. To address this issue, in addition to the NFT token, the company has also developed its own GALA utility token. In other words, GALA is the platform's utility token. It allows users to manage the network, incentivize node operators, supports the system of gaming assets and rewards. It is also the main currency of exchange when shopping in the Gala Games store.

Moreover, with the help of GALA players can actively influence the management of the platform itself. By voting, users determine the vector a particular project should choose for development.The project includes several main elements: Gala Store, Gala Games, Governance, Triple Proof Node System (Proof-of-Work, Proof-of-Stake and Proof-of-Storage).

Where did Gala (GALA) come from?

The mastermind, CEO and founder of Gala Games is Eric Schiermeyer. Eric Schiermeyer is a well-known person in the gaming industry. Several years before launching Gala Games, he had a senior position at another mobile game development company, Zynga. FarmVille and Mafia Wars are the most famous projects of this company.

In 2019, Eric Schiermeyer left Zynga and launched Gala Games. At the moment, the most famous game developed by Gala Games (and actively using the GALA token) is Gala Town Star. Town Star was originally supposed to use the Ethereum blockchain. But recently, a bridge was built to the Binance Smart Chain (with the help of DAPP p.Network GALA), where the token is now listed as a BEP-20 asset. This enables gamers to significantly cut transaction fees for GALA tokens.

Town Star can be called a remake of the famous FarmVille franchise. At its peak, FarmVille had 84.5 million players per month. No wonder the developers decided to create a remake in the form of an NFT game. The mechanics of Town Star largely copy the gameplay of its older brother, complementing it with the ability to own and manage your virtual assets and earn. Gala Games is actively working on the development of several more games.

Mirandus is a fantasy adventure in which gamers are paid for defeating monsters. Spider Tank is a battle game where depending on the map change, the player's weapon changes to fight the enemy. Echoes of Empire is a science fiction strategy game in which resources are disjointed throughout the universe, and the main goal of the game participants is to get them.

What are the advantages of Gala (GALA)?

  • The team listens to the gamers
    
    The developers and the operational team always interact with the gaming community. Their primary goal is to determine what games and features the community needs. This gives the community a chance to track that the funds provided to the company are spent on the development of those games and resources that are really needed by the players.
  • High-speed blockchain platform
    
    The team also announced the development of a high-speed blockchain platform that should cut fees and provide maintenance for several thousand simultaneous players.

What are the disadvantages of Gala (GALA)?

  • High entry threshold
    
    High entry threshold for those wishing to support the project (over 76,000 GALA), which is generally bad for decentralization.

How to buy Gala (GALA) on SimpleSwap?

Do you want to become a GALA owner? Buying GALA is easier than you think. Just go to the SimpleSwap service and follow these steps:

  • For example, you want to swap BTC for GALA. Select the currency you want to exchange (e.g. BTC) in the first drop-downlist. Then enter the amount you want to swap.
  • Select GALA in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
  • Click the Exchange button.
  • Enter the Recipient's Address. GALA will be sent. Be careful and make sure you use the correct address.
  • Create the exchange.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to GALA exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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