$GALA is the official token of the Gala web3 ecosystem. Consistently placed in the top 100 crypto tokens (by volume) on CoinMarketCap, this token acts as the fuel for a thriving and always growing web3 world, powered by GalaChain.
$GALA on Ethereum
When the development of our layer 1 blockchain had just begun, $GALA was first created as an Ethereum-based token. Even today, as GalaChain is fully operational and rapidly expanding, we strive for interoperability with the Ethereum Virtual Machine, recognizing it as the most widely used blockchain system today.
Bridging $GALA to and from Ethereum is easy, although it is no longer originally minted there. By bridging $GALA to Ethereum, users can take advantage of numerous dApps and exchanges, both centralized and decentralized.
On Ethereum’s massively popular secondary marketplace, OpenSea, you’ll find all the official Gala collections, making it easy to trade Gala ecosystem NFTs.
When your $GALA is on Ethereum, you can:
- Create or fill buy and sell orders on dozens of Ethereum-based exchanges
- Use it to make GalaChain purchases via your connected web3 wallet
- Bridge it easily to GalaChain
- Transfer it to other Ethereum wallets
How to connect your Ethereum wallet to you Gala account
$GALA on GalaChain
When new $GALA enters into circulation, it is created on GalaChain as a mint allowance, letting the owner decide when the official minting event should take place. Once it is minted from allowance to its tokenized form, it can be:
- Spent in the GalaChain ecosystem
- Used in Gala Games
- Swapped on GalaSwap
- Transferred to other accounts
- Bridged to Ethereum
Getting $GALA
There are many ways to get $GALA beyond simply purchasing it from a crypto exchange where it is listed.
Rewards for Founder’s Node Operation
The main way that new $GALA enters the ecosystem is as a reward for the operation of Founder’s Nodes, which power the main Gala ecosystem DePIN (Decentralized Physical Infrastructure Network).
Based on the current total supply of $GALA in circulation, a set amount is allocated for distribution each day to all active Founder’s Node operators. This total distribution amount is distributed to active operators based on a daily point system that rewards each node based on the total amount of time they were active for the previous day. The greatest number of distribution points that can be attained by an operator in a day is 4– 1 for each 6 hour period in which their node was active.
Gala Founder’s Node licenses can be acquired here. They are easy to set up and run in the background of a user’s home computer through the Gala Node software, and they will generate $GALA rewards for every active day.
Rewards for Gameplay
Many of our games offer ways to receive $GALA for gameplay. Here’s a quick rundown of your options:
- Champions Arena
When you compete in the PvP Arena against other players and play with NFT Champions, you are eligible for Victory Points, which convert once daily into $GALA rewards that are delivered directly to your account. Even players who do not own NFT Champions can take advantage of the Nexus feature to borrow and play with NFTs owned by others for a share of the rewards!
- Legacy
By participating in Legacy’s Design competition events of various leagues, players can win Legacy Tickets, which are converted daily to $GALA prizes based on a reward allocation determined by the amount spent in the game.
- Echoes of Empire
In the 4X space adventure game Echoes of Empire, players build and defend their home bases while scouring celestial bodies in search of Stardust, an extremely rare and rewarding resource. Every day, 50% of the Stardust held by each player is systematically burned and $GALA is given as a prize from a reward allocation.
- Common Ground World
Gala’s strategic sim game of town and city builders is centered around a meta-shifting weekly competition in which players from all over the world try to make the most Stars, crafting and selling the flavor of the week! Don’t let the relaxing and adorable feel of the game fool you. It’s an intensely strategic battle for the leaderboards, but winners are well rewarded with $GALA prizes.
- Sweep It Poker
Our casual browser-based poker game hosts tables of Texas and Omaha Hold’em. Every day, players win as many chips as they can in the free-to-play game, collecting Sweepstakes entry tickets as they go. Each week hosts a handsome $GALA prize pool in which multiple winners are drawn and each Entry Ticket is a new chance to win!
Using GalaSwap
Every token available on GalaSwap may be swapped for $GALA. This includes project tokens that have been created by community members via the Project Token Creation Tool, as well as in-game currencies from games (like $TOLK, $MTRM and $ETIME) and wrapped versions of cryptos from other blockchains and GalaChain-based stablecoins (GUSDC and GUSDT). It only costs 1 $GALA to create or accept a swap. To start using GalaSwap, just log in with your Gala account credentials.
Trading on External Exchanges
Ethereum-based $GALA is available on dozens of exchanges in lots of different exchange pairs, making it accessible in almost every locality of the world. For a list of $GALA exchange pairings on both centralized (privately owned) and decentralized (open source, anonymous) exchanges, visit the Markets page of CoinMarketCap.
Interested in learning more about cryptocurrency exchanges?
“How to trade cryptocurrencies: A beginner’s guide to buy and sell digital currencies” –Cointelegraph
Receiving as Direct Transfer
Sending or receiving $GALA is very simple, whether on Ethereum or GalaChain.
On GalaChain
To send $GALA to another GalaChain account, follow these steps:
- Acquire the recipient’s GalaChain address – It will look like this:
client|5f64659d468267207aaf7982
- In you account’s Balances area, select $GALA (GalaChain) and choose Send $GALA (GalaChain).
- Enter the amount you’d like to send, along with the recipient’s address.
- Finalize the transaction with your Transfer Code and you’re all set. They should see their $GALA within a couple minutes.
To receive $GALA from another GalaChain account, follow these steps:
- Select Get GALA (GalaChain) in your account’s Balances page.
- Share either the provided QR code or your GalaChain address with the sender.
On Ethereum
Sending and receiving $GALA on Ethereum works the same way as any other token on that blockchain. This should be self-explanatory within your preferred Ethereum wallet, such as Metamask. For added convenience, you can also conduct Ethereum transfers within your Gala account when your Metamask wallet is connected to your account.
Bridging $GALA
Moving $GALA from Ethereum to GalaChain (or vice versa) is easy through your Gala account with a connected Ethereum wallet such as Metamask. If your Ethereum wallet is not connected, you can connect it easily through your account’s Settings under Linked Accounts.
Bridging Fees:
Keep in mind that when bridging from one network to another, you are required to pay transactional fees for the network from which your tokens are departing.
Bridging from GalaChain to Ethereum costs a variable fee in $GALA.
Bridging from Ethereum to GalaChain costs a variable fee in $ETH.
Learn More about Bridges:
Metamask Learn – Bridging Blockchain Networks
Make Your Mark on the Web3 World
Cryptocurrencies and blockchain tech aren’t going anywhere soon, and people who take the time to learn the basics now will be glad they did when the rest of the world catches on.
With all the excitement surrounding the Telegram blockchain-based app (tApp) craze, mass adoption is closer than ever. Speaking of rewarding and exciting Telegram tokenization, have you played our awesome new tap-for-rewards game, Treasure Tapper? You can play absolutely free through your Telegram account, and the rewards you win will soon be minted as real crypto on both TON and GalaChain, onboarding a million (or many more) users to the empowerment of blockchain tech!
Start tapping for treasure today if you haven’t yet!
Message the bot 👉 https://t.me/Treasure_Tapper_Bot
Thanks for being part of the Gala community!
