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Everything you Need to Know about GALA

Everything you Need to Know about GALA
What is GALA? it’s the utility token native to the platform Gala Games. With that said, here’s everything you know about it, including how to buy it.
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What is GALA? Well, it’s the utility token native to the platform Gala Games. You will need to understand Gala Games to understand the token in greater depth. Gala Games is a platform that aims to create a blockchain games’ ecosystem that combines the use of non-fungible tokens (NFTs). On this platform, users can own and trade games and items with all others from around the world at any time. To perform any trades, users will need to use GALA tokens. That said, these tokens have other functions as well. So, if you’re interested in this platform and these tokens, then here’s everything you need to know about GALA.

What Is Gala Games?

Before explaining what GALA is, we’ll talk a little about Gala Games to help contextualize the use of the tokens. The purpose of this platform is to reshape the online gaming industry so that game players and creators have complete control over their games again. It is a relatively new concept, considering it was released on July 21, 2019, by creator Eric Schiermeyer.

The vision of this platform is to use blockchain technology to offer game players the ability to control the games they play and the in-game assets that they acquire. In existing games, outside of crypto gaming, users spend real-world money to buy assets through in-game transactions. However, they can also lose all of that if they’re banned by an admin. Thus, they pay only to use those items but never have full ownership over them. Gala Games changes that by providing ownership to assets and the ability to trade them with other users within the platform through the use of NFTs.

At the same time, the creators of Gala Games want users to play an active role in the creation of games on the platform. Therefore, they’ll be able to vote about what types of games they want to be created and what features should be present within them. As a result, users will have the opportunity to play games that appeal to them, making for engaging gaming experiences.

What Is GALA?

Now that the mission of the platform is clear, it’s time to answer the question, “What Is GALA?” As a utility token native to this platform, it has many transactional uses. As a user of Gala Games, you can use these tokens as currency within the games on the platform. Thus, you can buy various items and assets in the Gala store and NFTs. In addition to that, these tokens offer users the opportunities regarding node operator incentives, network governance, and acquiring rewards for players in the games by simply participating in the games available on Gala Games.

GALA is a cryptographically secured token that is also non-refundable. However, it can be exchanged among users on the Gala Games ecosystem. Considering GALA is on the Ethereum blockchain, it can be used from various open-source wallets and other storage methods. That said, there is a wallet on the GALA website. It is also an open-source wallet that keeps your investment secured by a keyphrase. Only you, the owner of the wallet, will have access to it.

The Role NFTs Play on this Platform

All payers on the Gala Games platform can own NFTs. The presence of the NFTs allows them to play a role in influencing how games can be governed within the Gala Games ecosystem. At the same time, there is a Nodes voting mechanism, as mentioned above. Other than allowing players to determine what games are created, it also allows them to determine which games should get allotted funding for creation.

Where to Buy GALA

If you’re interested in the platform and what it’s trying to do, it could be a great idea to buy GALA tokens so that you can become a part of this unique virtual world. Thus, we’ve provided you with a list of where to buy GALA. The immediate success of the crypto games and GALA, in particular, has allowed it to become available as a purchasable asset on various exchanges. Perhaps the most noteworthy inclusion was that Binance now allows users to buy GALA on the exchange.

With that said, here’s a list of exchanges from where you can buy these tokens. All of these exchanges use the Etherum Network.

• Binance

• Coinbase

• Bitrue (BTC is also supported)

• Gate.io (ETH is also supported)

• Crypto.com

• Bitmart

• Polyient Dex

• Huobi

• CoinEx

• Kucoin

• Uniswap (USDC and WETH are also supported)

• BitZ

• Coinbase Pro (USD and EUR are also supported)

• Hotbit (BTC and ETH are also supported)

• Sushi Swap

• Decoin

• Bybit

• OKEx

• Hoo

• MEXC Global

• Poloniex

• Lbank

How to Buy GALA

Here’s a quick overview of how to buy GALA. You should note that the value of GALA was $0.76 at the time that this article was written and published. The price continues to fluctuate, so you’ll need to monitor the price before you buy the tokens.

Buying GALA from any of the exchanges is straightforward. For example, if you’re buying it from Binance, you’ll need to make an account on the exchange. You’ll need to provide some personal details to create your account. It’s also in your best interest to enable two-factor authentication to keep your investment more secure. Once your account is ready, you can then add money into your Binance wallet through a bank transfer. After that, select GALA as the crypto you want to buy and confirm your transaction. Binance is a secure platform with a fast and user-interface, so you can follow the instructions on the website as well to make your purchase.

Last Few Words

With clear understandings of what the token is and how to buy GALA, you can determine whether it’s worth investing in or not. You must understand that all cryptocurrencies are not regulated by any authorities. Therefore, the risk of investing in them is relatively higher than with other types of investments. Also, considering GALA is tied to its platform, and it’s part of a bold and new concept, the risk is fairly high. So, do your research on whether you’re ready to lose everything for it before making your investment.

This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links at no cost to you. Please read my disclosure for more info. Clicking any of the links on this website does not increase the cost or affect the price for any item you purchased. Our main purpose is for informational purpose and not for just earning 🙏 

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