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Founder’s Node Proposal: Testing a New Transparent Voting System

Founder’s Node Proposal: Testing a New Transparent Voting System

by | Aug 1, 2023 | Gala Games

This Founder’s Node vote is a TEST of our new transparent voting notification system in Discord, which will allow users to easily access specific vote data.

Let’s cut right to the chase. We’re about to launch the most delicious and mouth-watering debate in the history of Gala Games — Pizza, Tacos, or Sandwiches?

Although this Founder’s Node vote might seem like a lighthearted and playful ice-breaker, it represents a significant milestone for our community. We’re dedicated to transparency, inclusivity and decentralization, and we’re excited to put this new feature to the test. Our wizards have been tinkering away behind the scenes, and now we’re ready to see their newest spell in action.

For the implementation of this feature, Node vote code repos have been submitted to an external auditing service. We will release the results of the audit as soon as it is available.

Setting the Menu

The outcome of this vote is significant in one way. The victorious food item will determine the fare for the next casual IRL Gala Gold gathering. So if you’re in Gala Gold and want to connect, make sure you get your say on the menu!

This vote is open now to all Founder’s Node operators. Operators, cast your vote now at https://node.gala.games/.

You’ll find real-time voting updates in Discord in the node-vote-results channel.

May the best food win!

Governance Vote Node Proposal

Which of the following food items is your favorite?

Option 1: Tacos
Option 2: Sandwiches
Option 3: Pizza

P.S. Please vote responsibly. Gala Games cannot be held accountable for any sudden cravings or midnight snack runs that may result from participation in this vote. We’re all in this together, folks!

Today we’ve got an announcement to make.

Today we’ve got an announcement to make.

by | Aug 1, 2023 | Gala Music

Today we’ve got an announcement to make. Our distribution algorithm is getting an upgrade — here’s what V2 means for you…

TL: DR

  • Going forward, the listen count from other major platforms will be taken into consideration across all tiers of tracks (Bronze, Silver, Gold, Platinum)
  • Gala Music listen counts for exclusive tracks (both permanently and temporarily exclusive) will attract a greater weighting
  • Tracks that are really popular, outside the Gala Music ecosystem, will likely see an increase in their distribution
  • Tracks that are less popular outside the Gala Music ecosystem, will likely see a decrease in their distribution

V1

Version One of the Gala Music distribution algorithm served us well during the earlier phases of deployment. Its job was to ensure emerging artists got the most attention — and it did this well.

However, as our music catalog expands, we’ve noticed that more Gala Music tracks are simultaneously doing well on our platform and others.

Because of this, we’re updating our distribution algorithm, to ensure that track popularity, outside of the Gala Music platform, is more accurately reflected in track (and by extension node) owner reward calculations.

How it Works

Previously, reward distribution was based on “listen count” and unique “listener count” on the Gala Music platform, with a few exceptions. Going forward, “listen count” from other major platforms will be taken into consideration across all tracks. Gala Music “listen counts” will continue to have a higher weighting.

In addition, Gala Music “listen counts” for permanently and temporarily exclusive tracks will also have a greater weighting.

Moving Forward

We’re excited about the latest update to Gala Music but as always we will keep a close eye on how things are performing with V2 of your ‘popularity algorithm’ implemented. We will be tracking distribution rewards daily and will adjust (and inform you) should the algorithm need adjustment to ensure we’re maintaining and scaling the fairest and most balanced ecosystem we can.

Please do keep an eye on our blog for additional updates and more Gala Music news, if Taco’s not on holiday, our discord announcements are pretty good and regular too…

Gala Games Store Adjustment for More Stable User Pricing

Gala Games Store Adjustment for More Stable User Pricing

by | Aug 1, 2023 | Gala Games

Starting on Tuesday August 1, the Gala Games store will use the 3-day moving average price of tokens accepted as payment to protect purchasers against sudden volatility.

At Gala Games, our commitment has always been to foster a community of fairness, stability, and fun. We strive to make sure your experience is nothing short of exceptional, whether you’re adventuring in one of our games or navigating through the aisles of the Gala Games Store.

Previously, the prices of items were based on real-time data for $GALA and ETH. While this method allowed for market-responsive pricing, it also left room for sudden unexpected changes due to external factors like market manipulation and sudden volatility.

Many of you have expressed that this system creates unnecessary inconvenience and we’ve taken your feedback into consideration, so we’re introducing a new pricing model: the 3-day moving average. This change will significantly reduce the impact of sudden price swings and offer more consistent, predictable pricing.

A 3-day moving average is a calculated average of the most recent three days’ data, used to smooth out short-term fluctuations and highlight longer-term trends or cycles.

Here’s what this means for you: With this update, the prices you see in the store will reflect the average value of $GALA, ETH, SILK, etc. over the past three days. This smoother pricing approach makes sudden spikes or dips less impactful, providing a more balanced and user-friendly shopping experience.

The change takes effect starting on Tuesday, August 1st and will likely remain permanent, but for now is considered a test of the new pricing system.

Our goal with this change is to protect our valued users against the effects of sudden market volatility and potential manipulation. We want you to shop with confidence, knowing that the pricing you encounter is steady and fair.

As always, we’re grateful for your continued support and feedback. We’re excited about this improvement and we hope you are too. So head on over to the Gala Games Store and check out the new pricing model in action!

Join the discussion in Discord