This proposal outlines a new system of transaction fees for core Gala-operated channels. While the addition of a fee structure was inevitable, the GalaChain dev team has created a system that allows independent channel creators unparalleled autonomy and control while delivering lower fees than you’ll find almost anywhere else in the web3 world.
The proposed fees are substantially lower than the fees associated with almost any other blockchain. Still, the proposed system enhances the sustainability of the greater GalaChain ecosystem as it continues to grow, bolstering the economy and giving third party channel operators the freedom and control necessary to grow their own projects.
Transfer Fees
The cost of minting or transferring items on Ethereum varies depending on variables like network congestion, transactional volume and transaction type. While it may cost $2+ (in ETH) to transfer any quantity of a fungible token like $GALA, GalaChain’s initial fee structure would make such a transfer cost only 2-4 cents (depending on the current value of $GALA). We believe that a predictable and more steady transaction fee will be welcomed by the GalaChain community.
Batch Transactions, 1 Fee
On GalaChain, it’s possible to execute large actions with single transactions, such as mass batch minting of tokens. On GalaChain, tokens can be minted to hundreds or even thousands of recipients with a single batch transaction, requiring a fee of only 1 $GALA for the whole batch.
Basically, this fee system will have additional benefits to creators proportional to the finesse and efficiency with which they use the chain. The power of GalaChain can accomplish a lot with a single well-placed transaction, leaving Ethereum in the dust in terms of cost effectiveness for creators.
BatchMintToken Example
If the Ethereum gas fee for minting an NFT is $2, that fee is required for each token that is minted, so minting an NFT from the same batch to 200 different users would cost $400 in gas fees(roughly equivalent to 20,000 $GALA at current value).
On GalaChain, the BatchMintToken transaction would allow the creator to mint all 200 NFTs directly to their recipients for a single set fee (1 $GALA), using 1 transaction alone.
Fee Structure for Ecosystem Health
To address these challenges in a way that incentivizes node operators and channel founders, we propose the implementation of a new transaction fee structure specifically for the basic asset channel controlled by Gala. The proposed system does not extend to individual third-party channels.
Each third-party channel operator retains full autonomy to set and manage their own fee structures according to their unique needs and goals. The fees outlined in this document will not impact those independent channels in any way, allowing third-party operators to maintain their independence and flexibility over their own transaction fee models. This distinction ensures that while Gala implements a standardized fee approach for its own basic asset channels, it does not interfere with the diverse and customized economic models that third-party channel operators might choose to implement.
Proposal Overview
We propose the introduction of a fee system on GalaChain. This fee structure will apply to various transactions and actions within GalaChain’s basic asset channel. The primary objectives of this proposal are to ensure the sustainability of the Gala ecosystem, incentivize responsible usage of network resources, prevent spam and reward channel founders and node operators.
Proposal Details
GalaChain Token Transactions (Subject to Fees):
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
Ecosystem Benefits
Channel Founder Incentives: Founders of new GalaChain channels will be able to set fees for their own asset channels in the future, receiving a portion of fees collected within those channels.
Node Operator Incentives: A portion of transaction fees will be allocated to node operators, ensuring ongoing benefits for their crucial role in the decentralization and robustness of GalaChain.
Referral Incentive: As approved in a prior Founder’s Node 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 second-degree referrer receives 2%.
Prevention of Abuse: With a moderate fee system in place, abuse of GalaChain functions is actively discouraged. Most blockchain exploits and abuses are related to unreasonably high numbers of transactions, and per-transaction fees will de-incentivize these types of behaviors by potential abusers by increasing cost with transactional volume.*
*In THIS EXAMPLE, a game called Sunflower Farmer nearly “broke” the Polygon chain by monopolizing gas costs, causing transactional fees to drastically and suddenly increase. A system of set low fees will prevent this sort of exploit for a more stable blockchain ecosystem, and Gala will continue to update and tweak this system as needed for long term ecosystem health.
Implementation Plan
Upon approval of this proposal, the new transaction fee structure will be implemented immediately within the GalaChain basic asset channel.
The initial rollout will apply to transactions on the asset channel, eventually expanding to include owners of other channels in the Gala ecosystem, allowing them to create their own fee structures. Please note that external channel owners will have the ability to to set and control their own fees. More details about external channels will be provided with future updates.
Vote Details
Voting Period: 1 week
Approval Requirement: Simple majority (51%)
Eligibility: 1 vote per Founder’s Node
Vote Question
Should a new system of GalaChain transaction fees be implemented to support long term ecosystem health and user incentives?
Yes: I am in favor of the proposed fee structure.
No: I am not in favor of the currently proposed fee structure.
Abstain: I am neither in favor nor against this proposal.
Conclusion
This proposal aims to enhance the efficiency, security and sustainability of the Gala ecosystem through the introduction of a new transaction fee structure on GalaChain. We believe this change will contribute positively to the ecosystem’s long-term health while providing additional incentives for channel founders and node operators. We appreciate your participation and support in this governance vote as we continue to build a stronger, more resilient Gala ecosystem.
Thank you for your ongoing commitment to our shared vision.
We’re pleased to announce as of earlier this week, the Gala ecosystem has added a Single Sign-On (SSO) option using Telegram login credentials. This new feature is set to revolutionize the onboarding experience for users discovering our platforms through the viral success of our $TREZ “tapper” games on Telegram mini apps.
Streamlining User Experience with Telegram SSO
One of the most important challenges to web3 mass adoption has been the convenience factor. Web2 was a world that introduced social media that evolved into the smoothest onboarding experiences in the world. Today, it’s imperative to offer SSO options for existing web2 platforms with which users are already familiar. Telegram is one of those platforms.
As Treasure Tapper and Music Miner continue to capture the attention of Telegram mini app users worldwide, we recognize the importance of providing a seamless and efficient way to join the Gala ecosystem. With Telegram SSO, users can now create accounts on all core Gala platforms – Gala Games, Gala Music, and Gala Film – using their existing Telegram credentials. It’s as simple as a login, just like our Google account SSO option.
This integration simplifies the registration process, making it easier than ever for new users to dive into the rich, decentralized experiences we offer. A simple sign-in has a lot of power, especially when transitioning from your web2 comfort zone to all the new empowering responsibilities that come with web3 ownership.
Right away, SSO users will gain access to our free games, our entire music catalog and more. Then as they learn the ropes of our ecosystem, Telegram users can then create and connect their web3 wallets at their convenience, gaining access to everything Gala offers.
Why Telegram SSO Matters
Ease of Use: By leveraging existing Telegram accounts, users can skip the hassle of creating new credentials, saving time and reducing friction.
Enhanced Security: Telegram SSO provides a secure login method, ensuring user data protection.
Unified Access: One Telegram account opens doors to the entire Gala ecosystem, unifying user experiences across gaming, music, and film platforms.
A New Era of Onboarding
Although small at a glance, this is actually a huge step in our ongoing efforts to make blockchain-based platforms more accessible to mainstream audiences. As we continue to innovate and expand, we are committed to breaking down barriers and simplifying user interactions with our ecosystem.
Join the revolution today by logging in with your Telegram account and exploring the endless possibilities within Gala Games, Gala Music, and Gala Film.
Today we’re announcing a new partnership with Coinflow, our newest credit card payment processor. This collaboration aims to provide our users with a seamless credit card payment experience, ensuring flexibility and reliability in transactions across our platform.
Expanding Payment Options
In our ongoing commitment to enhance user experience, we are finalizing the implementation of Coinflow as an additional payment processor. This strategic move will offer our users another option for credit card payments, complementing our existing service. By doing so, we ensure that our community has robust and flexible payment solutions, reducing potential disruptions and enhancing overall transaction reliability.
Our integration rollout plan with Coinflow has commenced with a wide variety of eligible purchases in the Gala Games store. All items that had Stripe credit card purchases as a payment option should now show the CoinFlow option.
This initial phase will allow us to test and optimize the new payment processor before extending its use to our broader range of products in Music and Film, and add support for Google and Apple Pay.
For the first days of the new Coinflow payment option, Coinflow purchasers will receive a special 5% rebate for a limited time delivered as $GALA at the time of fulfillment (rebate amounts may fluctuate). Enjoy this exclusive rebate as we celebrate this new integration!
Start of Coinflow Rebate: 1pm PT, July 30th
We are enthusiastic about this partnership with Coinflow and the added convenience it brings to our users. Stay tuned for more updates as we roll out this feature and continue to innovate within the GalaChain ecosystem.
Thank you for being a part of our journey. Together, we are reshaping the future of decentralized entertainment and beyond.
This proposal addresses the need for a more refined emission mechanism in light of factors impacting burn rates. Currently, the halving schedule can result in abrupt changes in token distribution, especially if burn rates cause the supply to decrease beyond what is currently considered a current “tier”. This can lead to an inelegant doubling of token emissions as halving tiers oscillate between emissions tiers. This could disrupt the economic stability of our ecosystem.
A smoother emission curve is proposed to ensure a stable and predictable token issuance, promoting long-term growth and stability.
Proposal Overview
I propose replacing the current halving schedule with a daily emission model. This model would emit 0.25% of the remaining gap between the total supply and the max supply each day. This change aims to create a more predictable and stable emission curve, aligning with the evolving needs of our ecosystem. This is based on a proposal submitted by Lukabylie, the creator of the WEN token.
Proposal Details
Background and Rationale
Factors affecting burn rates can cause the token emission to fluctuate, making the current halving tiers inefficient and unpredictable, especially if a source of significant burns enters the ecosystem. A situation where the emission is oscillating between two “tiers” would be severely suboptimal.
A daily emission model at 0.25% of the remaining gap between the total supply and the max supply offers a gradual and consistent token release, better suiting the current economic realities of the whole ecosystem.
Implementation Plan
Terminate the current halving schedule immediately.
Implement the daily emission model. The emission will be calculated as 0.25% of the remaining gap between the total supply and the max supply.
Following implementation, all documentation will be updated to reflect this change.
Expected Outcomes
Stability: Reducing the market shocks associated with halving events will promote a more stable economic environment.
Predictability: A smoother emission curve provides clearer expectations for node operators and potential investors, aiding in long-term planning and investment strategies.
Governance and Voting
This proposal should be subjected to a governance vote, requiring a majority approval from Founder’s Node operators.
The voting period should last for at least one week, ensuring ample time for all operators to participate and voice their opinions.
Vote Details
Voting Period: Voting will be open for a period of 1 week, starting with the announcement of this proposal.
Eligibility: All Founder’s Node operators (1 vote per Founder’s Node)
Majority Requirement: a simple majority of 51% will be required to pass this proposal.
Vote Question
Should the $GALA dynamic halving schedule transition to a system in which 0.25% of the difference between Total Supply and Max Supply is emitted daily?
Yes: I am in favor of this emission update for more stable and predictable token emissions.
No: I am not in favor of this update and have voted that emissions should remain with the dynamic halving tier-based system.
Conclusion
Transitioning to a daily emission model at 0.25% of the remaining gap between the total supply and the max supply represents the strategic adaptation and evolution of our ecosystem.
I encourage all stakeholders to consider this proposal carefully and ask Gala to put it forward as a vote in favor of a more stable and predictable emission strategy.
We don’t often talk about the exclusive VIP community of Gala Games because we don’t want to overgrow it. If every audience member found their way backstage at the big show, would it still be a special and exclusive experience?
Exclusivity comes from curation and limitation. That’s why we’ve always gated Gala Gold membership behind a cost. At first when we were small, it was only $10 for lifetime membership in Gala Gold. Then for a time it was $50. Now the same lifetime membership will cost you $100. This is a carefully calculated cost to ensure that our VIP community of testers and early adopters remains small in comparison to the constantly growing Gala community at large.
Benefits to Gala Gold
Gala Gold was originally formed as a way to distinguish the most dedicated community members from the more casual ones. We understand that the majority of users in the GalaChain ecosystem might have no interest in spending much time in the Discord server, making online friends from around the world or even in testing games through various stages of development.
By gating the Gala Gold community behind a one-time fee, we were easily able to assemble a group of fully committed people, interested in providing feedback (good, bad or ugly), testing games and getting their hands on early collectibles.
Gala Gold is a Lifetime Membership
We won’t ask for a repeating subscription fee for a Gala Gold membership, but we can predict that the cost of joining Gala Gold will go up from time to time. This mechanism ensures that the earliest arrivals are appropriately rewarded for their loyalty and participation.
Gala Gold membership was first sold for $10, then updated to $50. Today, membership in this club will cost you $100. We cannot predict if or when the Gala Gold price will increase again.
Free NFTs from Time to Time
Oftentimes you’ll find Gala Gold the best place to receive special NFT items that relate to games in development or various stages of release. It could be that a certain game would like to start by distributing a certain in-game item to a select group, including thousands of people. Because of the limited-supply nature of NFTs, it rarely makes sense to distribute an item to all accounts. We prefer the approach where NFT item ownership has a degree of exclusivity attached to it.
All Gala Gold members receive the Common Ground World Express Depot, allowing them to make deliveries faster in-game, placing and replacing their Depot as they see fit. In the past, special characters, skins, weapons, avatars and more have been given to members of Gala Gold.
When Gala Gold NFT drops take place, they are based on a snapshot of everyone who is currently a member of Gala Gold, meaning that if you haven’t signed up and paid your fee by the time of the snapshot, you miss out on that drop.
Please note that there is no set schedule for regular NFT drops to members of Gala Gold. Instead, items are given at the discretion of individual game teams. Several months will often go by with no Gala Gold NFT drops, so joining with the expectation of regular free NFTs can lead to disappointment.
Discord Access
For the past couple years, most members would agree that the greatest benefit to Gala Gold is access to a special Gala Gold area of Discord.
Complete with an announcement channel, a special sneak peek channel, a place for suggestions, a bustling ongoing discussion hub and an exclusive stage for hosting events, Gala Gold is essentially a gated community within the greater Gala community.
Here you’ll find opportunities to bend the ears of team members in a more intimate setting, a place where we feel free to talk more openly about the ecosystem than in general channels. Company leaders are often directly involved in the conversations in Gala Gold, whether exchanging comments about the latest games and feature releases or accepting valued feedback from a trusted community.
Basically, Gala Gold Discord channels are a fantastic place to be heard, especially if you have constructive ideas (or criticisms) of the ecosystem. We have often been known to suddenly shift strategies based on important discussions that have taken place here.
In terms of leaks and alpha info, there is nothing better than Gala Gold. A company like Gala operates like a complex gear mechanism– When a company leader wants answers or responses quickly, they’re likely to take it straight to Gala Gold first. In many cases, you’ll have a chance to see something discussed here 1-2 days before it is mentioned on social media or in an official Gala blog. You may be surprised at the difference a couple days can make when it comes to the flow of information in the web3 era.
From the Gala Gold Suggestions channel
Testing Games
Testing is an incredibly important part of shipping games, whether it’s a first, second or third party title. For the community, testing is often seen as a special perk to paying attention. We take the testing of our games very seriously, and different stages of development require different sizes of test groups.
When testing a game with a community audience, we want to make sure that:
The size of the audience fits the game in its current state – Gala Gold is often called upon to test games in early stages, when the game is too far along for an “internal only” playtest” but not quite ready for a whole public platest.
Our testers are diligent and experienced – Being an early Tester of a game is super fun, but we also want to ensure that as many participants as possible take the responsibility seriously. We have found that in Gala Gold, our members are very committed to the overall success of individual games, so they will honestly seek out bugs and provide excellent feedback.
Improvement is priority one – Finally, we want to ensure that our testers understand that anything can happen in a testing cycle for a game, no matter the genre or platform. Our Gala Gold members have repeatedly shown that they are mature and adaptable in these situations, never getting mad at us for doing what is necessary to improve a gaming experience.
Future Benefits Unknown
Gala Gold can be expected to evolve along with the Gala ecosystem. Existing perks can change as needed and new benefits will sometimes appear as new GalaChain functionalities allow.
Gala Gold is not for everyone, but we encourage anyone to join who considers themselves part of our most dedicated fanbase. If you’re spending a lot of time in the Discord community channels and are not yet a member, we think you would meet a lot of great people and find tremendous benefit in the Gala Gold channels.
As always, thanks for being part of the Gala community!
