The community has spoken… Epic Gala Sweepstakes is a hit! Throughout the GalaChain ecosystem, players are taking advantage of the new $GALA incentive, collecting tickets and entering to win!!
The first historic prize drawing happened just a couple hours ago, at 12pm PT… $GALA prizes have been distributed to the winners and we’re already gearing up for the next big prize drawing, on Wednesday, December 4th, 2024.
Gala Games has the best community in web3– we love digesting and responding to community feedback. We also LOVE adding new layers of strategy and gamification wherever we can, so we’re thrilled to announce the latest new development to Epic Gala Sweepstakes…
YOUR FREE TICKETS NO LONGER EXPIRE.
The original plan was to require all outstanding tickets to be activated by the time of the drawing or become useless… the Use-it-or-lose-it approach. But based on community feedback we started exploring the possibilities of allowing users to hold their tickets as long as they want.
It was quickly decided that removing the expiration from your free tickets will give you greater freedom to strategize about when and how to activate your tickets, enhancing the fun and leveling up the experience.
So get out there and collect your tickets through qualifying actions on GalaChain (enter free through the mail-in option described in the Terms & Conditions, or collect a free ticket for every 100 $GALA you get burned . Keep watching the prize pot grow and jump in as soon as you’re feeling lucky!!
It’s official. The Gala Film platform’s official Token Generation Event (TGE) is happening on Thursday, December 5th, 2024.
Gala Film has already hit the ground running throughout this year with a decentralized community-run Theater Node network, multiple pieces of exclusive content, reward-enabled NFT Moments and much more. But things are about to get very real for this free-to-watch web3 film platform that promises to revolutionize the video content industry by empowering filmmakers and viewers alike.
Web3 Means More Freedom, Greater Possibilities
Gala Games first envisioned the power of web3 applied to filmmaking over two years ago, while its gaming and blockchain tech experts were hard at work building an entertainment-first layer-1 called GalaChain.
Now that GalaChain is tried, tested and open for development to third party innovators, Gala Film is ready to seriously get busy changing the game of film and filmmaking. The rubber really hits the road with this TGE, finally ready to execute after more than a year of careful planning.
Introducing $FILM: the token that’s redefining entertainment.
$GALA is the core gas token for the entire GalaChain ecosystem, including Gala Games, Gala Music and Gala Film, as well as numerous emerging community-built projects on the chain. $GALA is burned with all GalaChain transactional activity and distributed daily as a reward to Founder’s Node operators who power the decentralized ecosystem, creating a scalable economy for GalaChain as it continues to grow.
$FILM and Gala Film
Gala Film is a channelbuilt on GalaChain, powered by its own dedicated node network (Gala Film Theater Nodes) while benefiting from the blockchain infrastructure of GalaChain. $FILM is the fungible token that will represent the core of the Gala Film ecosystem, with complex systems of faucets and sinks to reward all types of users as Gala Film onboards more creators and new content.
Serving as both reward and utility token for the Gala Film ecosystem, $FILM will create a constant economic flow, like the life-blood of the Gala Film circulatory system.
$FILM will be distributed as rewards on a daily basis to the Gala Film community of creators, viewers and collectors.
At launch…
Theater Node operators will receive 17.5% of daily $FILM distribution for powering the Distributed Content Delivery Network.
Founder’s Node operators will receive 2.5% of daily $FILM distribution for powering the backbone of the decentralized GalaChain ecosystem.
Content Creators will receive 5% of daily $FILM distribution for producing high quality video content, favoring creators based on their platform impact and viewership.
Moment NFT Owners will receive 15% of daily $FILM distribution, collecting rewards associated with a specific project for which they own Moment NFTs.
Ecosystem Supporters will receive 10% of daily $FILM distributions from a variety of allocations designed to reward many types of ecosystem involvement.
Gala Film will receive 50% of daily $FILM distribution for marketing, ongoing development and liquidity costs. This portion will be reduced each year as the platform grows toward full decentralization.
Utility for $FILM
In addition to its reward distribution model, $FILM will serve many purposes as a currency for the Gala Film platform.
Shortly following launch…
$FILM Boosts will create a system that allows owners to power up their favorite content on the platform by spending or holding $FILM in support of any project.
Digital Collectibles and Experiences will be purchased (often exclusively) for $FILM, which is burned.
Community Pitching will empower anyone in the community to present their own project ideas through a unique crowdfunding system powered by $FILM. Holders of $FILM will have the opportunity to support promising projects, empowering aspiring filmmakers to bring their visions to life.
Commercial Ad Spends will create a way for brands and projects to use $FILM to reach Gala Film’s active web3 audience with targeted advertisements
Supply for $FILM
The max supply for $FILM is 500,000,000.
December 5th’s TGE will see 20% of the total supply created, or 100,000,000 $FILM, distributed as allowances. This entire TGE portion comprises all POPCORN! and POPCORN Buckets held in user accounts.
Throughout 2024, Gala Film has distributed POPCORN! as the initial utility token for Gala Film. At the TGE, all holders of POPCORN! will automatically receive GalaChain allowances for $FILM at a ratio of 1 POPCORN = 10 $FILM.
This includes individual units of POPCORN!, currently awarded to Theater Node operators and Moment NFT owners on a daily basis, as well as POPCORN! Buckets, which were given out as rewards to early adopters and supporters of Gala Film.
Following the issuance of GalaChain $FILM allowances, POPCORN! and POPCORN Buckets will have no future utility and will no longer be distributed. After the December 5th TGE, $FILM allowances will be awarded directly to users based on their ecosystem activity.
An updated version of the Gala Film Whitepaper is coming soon (prior to the $FILM TGE with detailed explanations of tokenomics, $FILM allocations and more.
Exchanging $FILM
One of the most important initial features of $FILM is the ability for users to exchange these tokens on GalaChain. This is where GalaConnect (formerly GalaSwap) comes in.
While the GalaChain team cannot comment on any potential centralized exchange listings in the future of $FILM, they can predict that on or shortly after launch, the token will be listed on the decentralized exchange protocol at GalaConnect, allowing users to create and accept peer-to-peer swaps to and from $GALA.
This important feature will give $FILM owners the freedom to exchange their $FILM for $GALA while giving aspiring $FILM owners who did not take part in the TGE a chance to receive $FILM by using $GALA, which is available on dozens of exchanges worldwide. TGE a chance to acquire $FILM by using $GALA, which is available on dozens of exchanges worldwide.
Pass the Discounts, Please! Gala Black Friday Deals and Specials
Another year and so much to be thankful for. As we head into the last weeks of 2024, we wanted to offer a slew of awesome deals for you, our amazing Gala community, to enjoy!
There’s a lot going on, but below we’ll outline all the doorbusters (no, that’s not right. Screenbusters? 🤔) coming to you and how you can get the most out of your budget this Black Friday!
Champions Arena
Bonus Gems from packs: Gem Pack VI and Gem Pack VII will reward double gems on purchase for a limited time!
This bonus is limited to one purchase per account for each pack.
Magic Stone Bundle: 30% off within the in-app store!
BONUS: Purchase at least $500 of items within Champions Arena between November 26th at 6pm PT and December 9th at 6pm PT and get the following as a bonus after the event!
Legendary Jia (non-NFT), Legendary Champion Box and a Legendary Equipment Box!
Special Limited Burn Sale: 10 Legendary Devi & Stan for sale on the Gala Store. All $GALA spent for these items will be burnt, which will qualify the buyer for extra tickets in the Epic $GALA Sweepstakes!
In Mirandus we’re rolling out two brand new in-game pets! The Pet Hawk and Pet Phoenix will be available this weekend for the first time, and they’ll both be listed at a temporary 10% discount! These discounts will kick in pm Wednesday, November 27th at 11am PT and run through Monday, December 3rd at 11am PT!
All $GALA used to purchase items for Mirandus is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
Eternal Paradox
Grants and Emblems: From Wednesday, November 27th at 6pm PT to Monday, December 3rd at 6pm PT Land Grants and Immortal Emblems will be discounted 40% in the Gala Games Store.
Discount Coupons: On Wednesday. November 26th at 6pm PT, all players will receive a 30% discount coupon for in-app purchases with gems.On November 27th at 6pm PT, all players will receive another 50% off coupon. These will both be usable for 24 hours from when they are received only!
Discounted $GALA options: From Wednesday, November 27th at 6pm PT to Monday, December 3rd at 6pm, some of the biggest items in the Eternal Paradox Store will have $GALA temporarily added as a payment option, with a 70% discount for any purchases made with $GALA!
From Wednesday, November 27th to Tuesday, December 3rd, four of the biggest fan-favorite NFTs will be discounted 30% with any available payment method to celebrate!
Specialty Coffee Cart
Sand Castle
Crystal Sanctum
Boxing Facility (Epic)
All $GALA used to purchase items for Common Ground World is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
VEXI has a load of new festive costumes and ProtoVEXI marked down for the holiday season! The following packages will be available for a 30% discount
Cobber Costume and VEXI Bundle
Gobbles Costume and VEXI Bundle
Stuffles Costume and VEXI Bundle
The GOAT Costume and VEXI Bundle
In addition to the above sweet deals, there will be a 50% discount on a special ‘Get Them All VEXI Box’ that will get you all the newest super-festive skins!
All $GALA used to purchase items for VEXI is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
