NOTE: The following information about the future release of $TREZ is intended for informational purposes only and should not be considered investment advice.
Driven by our new “tapper” genre of Telegram mini app web3 games, Gala is ready to unveil the economy plans for $TREZ, a token dedicated to ecosystem interaction and sharing.
About Gala
Gala is creating one of the largest developer-friendly web3 ecosystems in the world, powered by the speed, scalability and security of GalaChain, Gala’s L1 blockchain built for entertainment and ready for anything.
Gala was launched in 2019 with a focus on ownership-enabled gaming. Gala Games quickly rose as a web3 leader in entertainment, launching Gala Music and Gala Film. In 2024, GalaChain’s doors were opened to external developers with the release of a powerful GalaChain Creator self-service portal and a public-facing SDK.
Witnessing the recent success of Telegram’s mini app ecosystem and its ability to integrate The Open Network (TON Blockchain) for seamless web3 functions, Gala began creating Telegram mini app games in Q3 2024 as a solution for enhanced web2 user acquisition across its ecosystem. By leveraging a mobile messaging platform used by nearly a billion users worldwide, it became simpler than ever to share the empowerment of web3 with the world. Today, Telegram mini apps represent the most high-powered onboarding tools web3 has ever seen.
What is $TREZ
$TREZ is the official token created by Gala Games to enrich and incentivize its growing ecosystem of Telegram mini app “tapper” style games. With the initial publication of this litepaper, these games include Treasure Tapper and Music Coin, but this list is expected to expand in the future.
With its upcoming token generation event (TGE), $TREZ will be a fungible token initially minted on GalaChain, TON Blockchain or a combination of the two.
$TREZ will have a max supply of 100 billion tokens.
The majority of $TREZ will be allocated for distribution to users.
Getting $TREZ
$TREZ will be accumulated by accomplishing goals and tasks in Gala’s Telegram mini app “tapper” games – currently limited to Treasure Tapper and Music Coin.
While the exact details of $TREZ accumulation within the games are still in flux, we are now prepared to share more information about not only the token’s distribution, but the initial list of criteria that will determine how much $TREZ will be received by each user with each distribution.
Part 1: Seasonal Rewards
$TREZ will be released into circulation on a seasonal basis, and season length will likely vary. For each Distribution Season, a variable (TBA) portion of the total $TREZ supply will be emitted to users.
Everything from the initial launch of Treasure Tapper to the $TREZ TGE will be considered part of Season 1. The end of each Distribution Season will be marked by a $TREZ distribution, with exact quantities per user determined using a point system based on the following criteria.
Seasonal Distribution Rewards
Here are some criteria by which seasonal $TREZ distribution per user is determined:
- In-game Coins Collected
- Rewards per Hour
- Number of Direct Referrals
- Number of Secondary Referrals
- Creation of Gala Account
- Number of Challenges played
- Gala Store Spend
Missions Plus
Future seasons could bring the opportunity to purchase mission upgrades that will reward the upgraded player with more distribution points toward the upcoming Seasonal Distribution.
In-App Purchases
In later seasons, users may get opportunities to spend $TREZ for in-app or Gala ecosystem purchases. This type of purchase would be factored into the Seasonal Distribution.
Part 2: Daily Rewards
In addition to the Seasonal Distribution, players will have opportunities to collect daily distributions of $TREZ based on in-game tasks and challenges. Allocations of daily distributed $TREZ will typically be determined by leaderboard placement, encouraging daily competition and interaction with Gala’s $TREZ associated apps.
The majority of $TREZ distribution will be included in the Seasonal rewards.
Daily distribution leaderboards may include (but are not limited to):
- In-game Coins accumulated
- Daily tasks completed
- Daily matches and rematches
- Daily referrals
- Daily play time (app open)
Powering the Future of Web3 Entertainment
As we prepare to introduce $TREZ into the Gala ecosystem, we’re setting the stage for a new wave of innovation and engagement. The tokenomics of $TREZ are designed to enhance the user experience within our ecosystem, particularly in our Telegram mini-app games.
By offering both seasonal and daily rewards, $TREZ not only incentivizes interaction but also fosters a more vibrant and active community. This litepaper is just the beginning, with more exciting developments on the horizon as we continue to expand the utility of $TREZ and integrate it further into the broader Gala ecosystem. Stay tuned for more updates, and get ready to tap into the future of web3 gaming with $TREZ!
Legal Notice: This litepaper is intended for informational purposes only and should not be considered investment advice. Additional information will be added to this document as it becomes available. All details are subject to change for any reason and without notice.
