On a mission to empower buyers and creators throughout a number of industries throughout the globe, Gala’s target is to be the 1st billion user blockchain on earth.
While $GALA is traded in big volume on a lot of exchanges through the token’s Ethereum agreement, the majority of the token’s utility lives on GalaChain, to which $GALA is to begin with emitted as Founder’s Node operator benefits and from which the token can be conveniently bridged to Ethereum for trade.
Gala never ever executed an ICO or other initial issuance function for that $GALA token. Alternatively, new $GALA coming into the circulating supply is issued exclusively to Founder’s Node operators as rewards for powering the decentralized ecosystem.
Our dedication to safety has led us to go through a number of audits by renowned corporations CertiK and Anchain. From the spirit of transparency, We have now shared these benefits with the general public in this web site:
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A decentralized community of nodes powers the Gala Video games and Enjoyment ecosystem. Each individual node style has a specific workload important with the network to run. Workloads are classified as the responsibilities finished by Every single node license. The 1st nodes launched ended up referred to as Founder’s Nodes. All people who operates a Founder’s Node is contributing to The expansion of this decentralized community and will vote on decisions concerning the direction with the Gala Games and Amusement Ecosystem.
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The $GALA token employs a Gnosis multisig Safe and sound, a secure arrangement making sure that no single group member has unilateral obtain. This technique reinforces the basic principle of collective oversight and improves operational stability.
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We’re back again with more information regarding the approaching update to GALA as well as audit final results with the token’s new agreement.
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