Thus, a token economy is created and an environment where everyone who is a part of the system can make a profit. Players also earn money by playing games on Gala Games. Gala Node owners feed the system using the power of their own computers. The cycle of the system, in its simplest form, is as follows: Developers produce games for the Gala Games platform. On the other hand, Gala Node owners will also earn money and various prizes from Gala Games. Game developers may also consider producing games for the Gala Games platform. As a player, you can start earning money by choosing the game you want and playing. Gala Games platform is a game platform like Steam. GALA coin has a market capitalization of approximately $2 billion (2,230,781,975) as of today. It should be noted that all cryptocurrencies are investments. Also, the GALA coin can be traded on cryptocurrency exchanges. You can get the GALA coin by playing Gala Games platform games or as a Gala Node owner. In about a year, the value of the GALA coin has increased 310 times. The GALA coin was one of the past year’s most significant and profitable coins. It is attached to the Ethereum blockchain and cannot be mined. It can also be traded on open crypto markets. The GALA coin is used to purchase products, make peer-to-peer payments, and purchase GALA Nodes through the Gala Games ecosystem. The GALA coin is a cryptocurrency linked to the Gala Games platform. The games on the platform may increase in the future.
In addition to these games, the Gala Games platform is open to new games. Gala Games library, which started with the slogan “Making blockchain games you’ll actually want to play.”, expands and offers new possibilities. There are currently eight games on the Gala Games platform. Which games are available on the Gala Games platform? You can easily bid on Gala Node from Gala Games site. Once you have a Gala Node, you can get support from Gala Games and the community. After you become a member of the Gala Games website, you can bid for Gala Node with a few clicks. Getting a Gala Node is pretty straightforward. In a way, they rent a server to Gala Games and make money from it. Gala Node owners earn various NFTs and GALA coins for this power they provide to the ecosystem. Community members who own Gala Nodes power the ecosystem with their participation. Gala Nodes is a network in the Gala Games project ecosystem, where anyone can join with their computers. Which games are available on the Gala Games platform?.“It also means that rewards for Founders Node operators will go up roughly 4x because the halving is supply-based,” Brink added of the rewards for those who operate Gala nodes, which validate crypto transactions for the network. The executive added that post-burn, Gala’s own treasury is now “almost completely eliminated.” “At a fundamental level, we believe that if the ecosystem is going to work and be sustainable in the long-term, we need to be able to live off the rewards we receive from the ecosystem as well-not have a gigantic pile of GALA we could dip into whenever,” Brink said. Gala Games-the publisher behind Web3 games like Mirandus, Grit, and The Walking Dead: Empires -also burned the tokens with its future in mind, the firm’s President of Blockchain Jason Brink told Decrypt in a message. According to CoinGecko data, the tokens were collectively worth approximately $637 million at the time of the burns. Gala pointed to on-chain Ethereum network transactions for each part of the overall token burn, and wrote in the post that it represented $660 million worth of tokens. The additional and largest burn of 15 billion tokens represents Gala’s response to community concerns over the noted “dump and exit” possibility. Another 3.96 billion tokens were then burned, which Gala Games said was “equivalent to the total revenue in GALA we have ever received.”
Gala detailed its approach to the burn in the post, noting that it had already planned to burn 2 billion GALA tokens as part of its “2023 Vision Paper” for the year. In short, Gala Games believes that the massive token burn will help reduce concern among holders who may worry that the company could sell off mass amounts of its token-a move which could lead to a decline in price.
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