TOKEN2049 Singapore, one of the most anticipated crypto events of the year, is taking place on September 18th and 19th, 2024. This prestigious gathering brings together the leading minds and companies in Web3 to discuss the future of the blockchain industry, and we’re thrilled to announce that key Gala team members will be there to represent our growing ecosystem!
What is TOKEN2049?
TOKEN2049 has earned its place as a premier event in the crypto calendar, held annually in Singapore and Dubai. This event serves as a global hub for blockchain enthusiasts, developers, investors, market makers and key industry leaders. TOKEN2049 shines a spotlight on the latest trends, technologies, and ideas in the Web3 space, creating unparalleled opportunities for networking and innovation.
With thousands of participants from across the globe, TOKEN2049 is a melting pot of ideas that are shaping the future of blockchain. Founders, entrepreneurs, investors and developers converge to exchange insights, form partnerships and explore the immense potential of decentralized technologies.
For Gala, TOKEN2049 is an exciting platform to showcase our vision for a decentralized future, one that goes far beyond gaming and entertainment. As we continue to evolve, the opportunities presented by TOKEN2049 couldn’t come at a better time.
Partnerships and Collaborations
In addition to giving us a chance to make plans and build with existing strategic partners, the event provides us with the perfect opportunity to explore new partnerships that align with our mission of empowering communities through blockchain. As the global Web3 industry rapidly expands, we’re looking forward to engaging with potential partners who share our vision and can bring fresh ideas to our growing ecosystem.
Expanding Our Mini-App Gaming Ecosystem
Our recent success with the Telegram Mini-App gaming ecosystem has opened doors for even more growth and collaboration. TOKEN2049 is the ideal venue to discuss how we can expand this ecosystem even further, offering more opportunities for developers and gamers to engage with Gala-powered experiences while collecting awesome rewards.
$TREZ and Potential Announcements
TOKEN2049 could also be the stage for an exciting announcement regarding $TREZ, our latest venture in the world of decentralized gaming and assets. Get ready for $TREZ to enter the wider crypto community, creating excitement and momentum for our newest projects.
What We Bring to the Table
At Gala, weâve always believed in the transformative power of decentralization and community-driven innovation. Our presence at TOKEN2049 will focus on highlighting the capabilities of GalaChain, our Layer 1 blockchain designed to handle the high transaction volumes demanded by modern applications, especially gaming. GalaChainâs versatility, efficiency and low fees make it a cornerstone for scaling Web3 industries beyond entertainment, including healthcare, finance, supply chain managementâ and more.
TOKEN2049 is the perfect platform to demonstrate how GalaChain, powered by multiple DePINs and our growing node ecosystem, is setting new standards for scalability and security in the blockchain space. Weâre eager to connect with like-minded innovators who are ready to collaborate on this revolutionary journey.
Looking Ahead
As we prepare for TOKEN2049, weâre energized by the possibilities this event will bring. The connections, ideas and partnerships formed here will shape the next steps in Galaâs evolution, pushing us closer to realizing our vision of a decentralized world powered by GalaChain.
Today weâre announcing a huge milestone in the evolution of GalaSwap, designed to revolutionize the way users and developers interact with GalaChain.
GalaSwap now empowers users to easily swap, create and manage GalaChain tokens through on-chain dApps without the need for a Gala account.
New Ways to Connect
GalaSwap is growing, and the broader Gala ecosystem is evolving toward greater decentralization than ever. This latest update has the potential to massively boost the GalaChain user base, opening access to the wallet features of GalaChain without requiring the creation of a Gala account.
Users can now create a GalaChain wallet and interact with GalaChain tokens using an existing Ethereum wallet, enabling a smoother experience that is more intuitive and less centralized.
For some time Gala has offered users the ability to connect an Ethereum wallet to their account, simplifying processes like bridging and interaction with Ethereum-based secondary markets like OpenSea.
Users can now establish an initial connection using their Ethereum wallets alone. By signing a transaction in Metamask, you can create a brand new accountless GalaChain wallet.
This new system will be especially beneficial for third party GalaChain creators building dApps from a variety of industries, giving them the freedom to customize their user experience more deeply and interact with their audiences without Gala (the company) acting as an intermediary. They will enjoy the power and function of GalaChain, wrapped in a user interface that they are free to customize as they see fit.
New Features
Features included in the recent update will enhance any web3 userâs experience and access to GalaChain tokens, whether or not they have a Gala account.
Existing Gala accounts can create a new web3 wallet via Metamask.
Existing Metamask users can generate a GalaChain wallet address with no Gala account.
GalaChain tokens can be viewed and managed within GalaSwap.
Evolution of GalaSwap
As part of this exciting development, GalaSwap will soon rebrand to GalaConnect, further emphasizing our commitment to connectivity and ease of use. As it continues to evolve with more streamlined features, this platform will serve as the new hub for all your GalaChain interactions.
Empowering Users and Developers
GalaSwap is more than just a platform for swapping tokens; itâs a gateway to freedom for our users and developers. By allowing third parties to develop their own GalaChain dApps with easy onboarding, we are fostering a more inclusive and expansive ecosystem.
For Users
No GalaChain Account Needed: Start interacting with GalaChain tokens immediately with your existing Ethereum wallet.
Complete Web3 Portfolio Management: Easily manage your digital assets with a comprehensive portfolio interface for GalaChain tokens.
For Developers
Easy Onboarding: Develop and deploy dApps on GalaChain with simplified processes.
Robust Tools: Utilize our powerful features to create innovative solutions on GalaChain.
FAQ
Is a new GalaChain wallet created when I login to GalaSwap with my Ethereum wallet for the first time?
Yes, GalaChain wallet creation is required when using the web3 wallet login option.
Can I log into Gala Games, Gala Music and Gala Film with the GalaChain wallet created via web wallet login?
No â The GalaChain wallet created in this way is only for GalaSwap. To use the core Gala platforms you will need to create an account.
If I log into GalaSwap using the same web3 wallet that is already linked to my Gala account, will it still create a new GalaChain wallet?
Yes. Even if you log into GalaSwap with a web3 wallet that is currently linked to your Gala account, a new GalaChain account will be created for use on GalaSwap.
Join the Revolution
The vision of GalaConnect is a leap forward in our mission to empower users and developers and expand the GalaChain ecosystem. By simplifying interactions and enhancing possibilities, we are paving the way for a more connected and decentralized future.
Join us as we embark on this exciting new journey as GalaSwap evolves into the new-and-improved GalaConnect. Together, we are creating a new paradigm of freedom and innovation in the blockchain world.
Today weâre announcing a significant update to our ecosystemâ the rollout of a new gas fee system on GalaChain. As part of our ongoing commitment to enhance the efficiency, security and sustainability of our network, we are implementing gas fees for various transactions and actions across our platforms, including Gala Games, Gala Music, Gala Film and GalaSwap.
Whatâs Changing?
As the result of approval of this recent Founderâs Node governance vote, fees will now be applied to the following actions on GalaChain:
GalaChainToken Transactions:
BatchFillTokenSwap
BatchMintToken
BurnTokens
FulfillMint
FulfillMintAllowance
MintToken
MintTokenWithAllowance
RequestTokenBridgeOut
RequestTokenSwap
TerminateTokenSwap
TransferToken
User Actions (1 $GALA fee per action):
Minting currency from mint allowance
Minting NFTs from mint allowance
Bridging out currency (note: existing fees apply, future dynamic fees are in development)
Sending currency
Sending NFTs
Paying for orders by transferring funds
Paying for orders by burning funds
Why Introduce Fees?
The implementation of transaction fees serves multiple objectives:
Ecosystem Health: By increasing the amount of burnt $GALA, we aim to ensure the long-term health and sustainability of our ecosystem.
Resource Allocation: Efficient allocation of network resources encourages optimal and responsible usage, crucial as we expand the ecosystem to include greater numbers of third party developers.
Spam Prevention: Deterring spam and other undesired behaviors helps maintain the integrity of individual channels and the GalaChain network as a whole.
Channel Founder Incentives: Founders of new GalaChain channels will receive a portion of fees collected within their channels.
Node Operator Incentives: Providing ongoing benefits for node operators supports the decentralization and robustness of GalaChain.
Referral Incentive
As approved by the Gala Founderâs Node ecosystem in THIS VOTE, all $GALA burned as gas fees qualifies for a direct referral incentive reward. The direct referrer receives 8-10% of the burnt $GALA as a mint allowance, and the 2nd degree referrer (referrer of referrer) receives 2%.
Initial Launch and Future Rollout
The initial launch of the new system will apply only to transactions on the asset channel. This means many game NFTs and $MUSIC, which are not currently on the asset channel, will not have fees at first. However, it is essential to mention that fees for these channels are coming soon, ensuring a comprehensive rollout across the entire Gala ecosystem.
Aligning with Traditional Practices
While GalaChain is a permissioned blockchain and does not use miners like Ethereum, our fee structure borrows from traditional practices to streamline operations and provide ongoing opportunities for node operators. This hybrid approach allows us to maintain the benefits of decentralization while we continue to grow, ensuring the efficiency and reliability of our network.
Looking Ahead
Our commitment to innovation and community engagement remains steadfast as we continue to develop and refine our platform.
We appreciate your support and understanding as we implement these changes to enhance the Gala ecosystem. Together, we are building a more sustainable, efficient and secure future for all GalaChain users.
Stay tuned for more updates, and thank you for being a part of our journey!
If youâre not playing our $TREZ tapper games on Telegram yet, donât worryâ Itâs not too late⌠yet.
$TREZ is the official upcoming reward token of our growing tApp (Telegram mini app) ecosystem. With nearly 1 billion worldwide users, Telegramâs mini app infrastructure is the perfect opportunity to massively reward our community while onboarding countless new users to the benefits of web3 in a fun and exciting way.
Tap Into $TREZ
Very soon, seasonal and daily $TREZ distributions will begin. The amount of $TREZ received by each player in these distribution events will be determined by activity in the following tApp Gala Games:
Each game is 100% free to play, with simple mechanics that will reward you for tapping, completing tasks and sharing with friends. In each of these games, the in-game coins youâre collecting now will factor heavily into your share of $TREZ with the initial token generation event, when $TREZ is first launched on TON and GalaChain. While we canât tell you yet exactly when distro will start, we can remind you that the more you tap, the more youâll get!
Daily Streaks
One of the most effective ways to stack as many coins as possible in the 3 $TREZ games is taking advantage of daily streak bonuses. But be sure to login to each game every day to collect that bonus or it will reset back to square one!
In Treasure TapperâŚ
Locate your Streak Days claim in the gameâs Earn tab, collecting up to 5M coins each day for a max streak.
In Music CoinâŚ
Youâll find your Streak Days at the top of the Quests tab. Start off collecting 50K coins per day but keep your streak up every day to eventually bank a massive 5M coins per day!
In Dogs for the FounderâŚ
Look for your Streak Days claim in the Rewards tab, along with a rundown of how they work. Build up to a 100+ day streak for 5M coins each and every day just for launching the game!
Tap Tap Tap
Maximizing your rewards in the tApp gaming ecosystem is about consistency, dedication and determination. Isnât it time to prove that you have what it takes to stack some serious rewards?!
The King has arrived! Get ready for Ezekiel in this weekâs direct purchase Hero Card sale.
Ezekiel is larger than life. In a world filled with death, thatâs a welcome addition to any empire. But King Ezekiel is more than his flowery language. Heâs a resourceful survivor and talented leader who inspires his people, guiding them through seemingly insurmountable challenges⌠and yet he smiles.
Sale Details
This sale takes place on Friday, September 13th at 7am PT. Ezekiel Hero Cards will follow a tiered pricing structure based on the remaining supply, with Common Hero Cards staying at one low price throughout the sale.
This sale is not time limited, and Ezekiel will stay available in The Walking Dead: Empires Store until the supply is exhausted or it is taken down to make room for new Heroes in the future.
Like our other direct Hero Card sales, Ezekiel cards purchased in this sale will fulfill directly to GalaChain and be usable in the game right away.
Survive Together
Good luck out there this weekend, survivors. Fight for survival, but build for the future!
Ezekiel was never the type to just look out for himself. Heâs always stood for making a difference and bringing joy and community into this dark and brutal world â exactly the kind of hero who can help you build a lasting empire.!
Visit The Walking Dead: Empires store tomorrow to recruit the King himself, Ezekiel, to your team!
