GalaSwap hasn’t stopped growing and improving since its initial release earlier this year. GalaSwap is an essential tool for this ecosystem and we want to continually refine it so that anyone can use it to unlock the full decentralized potential of GalaChain.
The past few weeks have been busy and we have quite a few updates to share with you. The Project Token Creation Tool release at the beginning of June brought many new participants to GalaSwap. New people using GalaSwap in new ways leads to more opportunities to make GalaSwap easier and more useful to everyone on chain!
GalaSwap Automation
We have released our opensource swap bot – Mr. Swappy!
This bot is very basic in its standard functions, but can be fully customized to your individual needs.
The bot comes with two basic strategies it can execute. Swap Acceptor will identify and accept swaps that are offered at a rate better than current market rate. Swap Creator can be used to create liquidity for a token, by automatically creating swaps at a specified rate.
New strategies can be added using TypeScript. A debug mode is included to check any new strategies you’re trying to execute.
Please Code With Caution
While the documentation included in the repository explains how to configure, operate and customize Mr. Swappy, it should be noted that this is not recommended for users with no experience altering software or code.
Many users should be able to follow the instructions given to set up their version of Mr. Swappy. Caution, however, should be taken when giving an automated system access to your wallet. If you’re doubtful about whether you’ve configured everything correctly, don’t hesitate to reach out in the GalaChain Discord for help from other developers!
While the documentation included in the repository explains how to configure, operate and customize Mr. Swappy, it should be noted that this is not recommended for users with no experience altering software or code.
Many users should be able to follow the instructions given to set up their version of Mr. Swappy, extreme caution, however, should be taken when giving an automated system access to your wallet. If you’re doubtful about whether you’ve configured everything correctly, don’t hesitate to reach out in the GalaChain Discord for help from other developers!
Quality of Life
You may have noticed a few welcome updates in the past two weeks that make the GalaSwap experience more enjoyable overall:
There’s now a basic search function in the balance page. No more sifting through tons of tokens to find the one you’re looking for!
There’s now a “Max” button when creating a swap if you want to list an offer for the most you are able to of a certain token.
Mr. Swappy can now interact with user-created tokens. Rejoice!
We’ve updated the token name blocklist to be less limiting in some cases.
Pest Control
The bug hunters are vigilant, and they’ve taken out quite a few lurking pests the past two weeks:
Users will now see all their active offers no matter how many offers they have.
Mint allowances will now show even if you have zero balance on a particular token.
Miscellaneous
Some other general improvements made in the past two weeks:
Token authority was added to Gala on the REPS token
The Mr. Swappy code was moved from the dex-api repo to its own galaswap-bot directory on the GalaChain Github page.
Creating swaps now limits increments to 1.
Next Up…
There will be many more updates and improvements to GalaSwap, but here’s a preview of a few things that we’re working on now:
Group distribution through the Project Token Creator
More search capabilities while creating/searching for swaps
We’ll keep you updated as more improvements come through! For now, wen are you going to head over to GalaSwap and start swapping!?
Have you noticed that new tokens are popping up like wildflowers on GalaChain’s official token swapping platform? It’s true. With more than 60 unique project tokens already created by the community since the launch of the new Project Token Creation Tool, GalaSwap is becoming a veritable treasure trove of tokens.
Which of them will have a fortuitous future, and which will fizzle into meme coin obscurity? Only time will tell, but now that these tokens live on GalaChain, there are no takesies backsies!
👆 Look how easy it is to create a GalaChain token for your project on GalaSwap! In a little over 24 hours from your submission, your token can be ready to mint and listed on GalaSwap for trading, with a small portion awarded to active Gala Founder’s Node operators for powering the ecosystem.
Who will receive your token? How will you decide what it stands for? These are yours to decide, and that’s the beauty of it. To a normie unfamiliar with the capabilities of web3, this may seem like ambiguity, but for a true innovator, this is the kind of freedom that turns dreams into reality, decent ideas into brilliant visions.
Imagine building a service that integrates with GalaSwap and uses your token as a reward for subscription, engagement or any type of interaction. Imagine offering physical and digital rewards for redeeming your token, or unlocking special access to exclusive content for holding various amounts of your token. The possibilities are quite endless, and we are extremely excited to see what the most innovative GalaChain users will do with their newly created project tokens.
Here’s a list of project tokens that have been approved already and added to the ecosystem:
TENDIES
ALPHAQ
AGBT
BEATZ
BEEF
BENE
ROI
BB
CASH
CHINA
CWC
JAUM
FUND
CRYPT
CCF
DM
TWIN
FARMER
FBB
GIBBY
GUILD
GPEPE
TORY
HUAHUA
HG
LUMN
MRVS
METAL
NDCX
PITQC
QACOIN
REPS
RFKJ
ROIBOI
RONPAUL
RUSSIA
SAFEG
SERVE
SNOOP
SOON
SVR
SQUIDLPS
STAYFREE
SUBSPACE
TVB
TACO
JESUS
THOON
TIP
TIPPED
TRUMP
TUPAC
USA
MOUM
WEN
WENGAME
WOOF
MAG
That’s all for now! When you’re ready to see your project’s token on the list, just visit THIS PAGE and start creating!
Each day, new tokens are being submitted by the community. Some are connected to in-development projects at various stages, some are linked to guild membership and others are just meme tokens that are deserving of a quick and hearty belly laugh.
WEN: Because Waiting is the New Hype! Introducing WEN, the token for those who know the struggle! Inspired by legendary delays in the ecosystem, WEN is here to make waiting worthwhile. Embrace the joke, join the fun, and let’s turn the wait into something great. With WEN, you’re not just able to have a coin—you have the community’s laughter. Because hey, good things come to those who wait… and wait… and wait!
-Token description submitted with Founder’s Node vote
The creator of WEN Coin has gone even further by integrating GalaSwap API into a WEN Coin tracking site called GalaCoins… Check it out!
This fun meme token is a great example of how the GalaSwap Project Token Creation Tool can be used, whether yours is a serious project, a big idea or nothing more than a humorous prank.
Burning $GALA for Ecosystem Health
By creating community tokens like WEN Coin (and dozens of others already approved), creators are supporting a healthy GalaChain ecosystem by demonstrating the chain’s power.
Every token submitted for Founder’s Node vote requires a non-refundable $100 $GALA fee (burned), plus an additional amount of $GALA set aside by the creator as a burn allowance, to be burned once the token is approved.
Rewards for Gala Founder’s Nodes
All tokens created via the Project Token Creation Tool must be approved by popular vote in the Gala Founder’s Node ecosystem. When new tokens are submitted, node operators have 24 hours to decide if the new token is worthy of being added to the ecosystem. So far, all submitted tokens have been approved.
Here’s to a new wave of epic and tradable meme tokens on GalaChain!
We are excited to announce a groundbreaking new feature now live on GalaSwap: The Project Token Creation Tool. This innovative addition empowers our community to create their own custom tokens on GalaChain, marking a significant step forward in the evolution of our ecosystem.
Create Your Own Tokens
With the Project Token Creation Tool, any GalaSwap user can create a custom token by burning $GALA (described below under “How It Works” in greater detail). Whether you’re aiming to launch a meme coin representing an inside joke or a utility token for an exciting in-development or live project, this tool provides a flexible and powerful way to bring your ideas to life.
Creating your own token is simple, and once approved you’ll be able to grant mint allowances for your token to any address on GalaChain.
Founder’s Approval Process
All new tokens submitted through the Project Token Creation Tool will undergo a Founder’s Node approval vote. This ensures that each token meets the standards of our community and prevents the creation of spammy or abusive tokens.
Founder’s Node operators will have a 24-hour voting period to approve or reject each submission.
Rewards for Founder’s Node Operators
All Founder’s Node operators will have a chance to receive a portion of each newly generated token. This reward system recognizes the crucial role that Founder’s Nodes play, powering the DePIN (Decentralized Physical Infrastructure Network) and maintaining the integrity of the Gala ecosystem.
Rewards for qualifying active Founder’s Nodes will be distributed as mint allowances in the next distribution following the creation of the new token. The share of these rewards per Founder’s Node will depend on the total activity time of that Founder’s Node throughout the previous 24 hour cycle. This reward structure will use the same Point system as the daily $GALA distribution for Founder’s Nodes.
For the first 90 days, all active Founder’s Node operators will be automatically enrolled in this reward program. Later, Founder’s Node operators will have the option to pay a subscription fee to participate in this created token reward program for 30 days. All Founder’s Node operators can vote on the approval of each token, whether or not they are subscribed for created token rewards.
How It Works
Submit Your Token: Use the Project Token Creation Tool on GalaSwap to submit the details of your new token for approval.
Pay a non-refundable fee equal to $100.00 US Dollars in $GALA(GalaChain).
You will also choose an amount of $GALA(GalaChain) as a Burn Allowance.
If the approval vote passes, this allowance will be burned and the total value of the $GALA burned will be divided by the total supply of your new token, indicating an initial price listing on GalaSwap. In the event that the token’s creation is not approved, your $GALA(GalaChain) Burn Allowance can be revoked via request through the allowance management system.
Please note that the allowance management system is still being fine tuned and will be released in the very near future, so any unapproved token creators will face a potential delay in the ability to revoke their Burn Allowance.
Approval Vote: Founder’s Node operators will review and vote on your token for 24 hours.
Token Generation Event: If approved, your token will be created on GalaChain and Founder’s Node operators will immediately receive 2.5% of the new token as rewards.
Token Listing: The token will become available on GalaSwap, and you’ll find your new tokens in the “My Tokens” tab. From here, you can grant mint allowances to any GalaChain wallet you choose.
Get Started Now!
We invite all users to explore the Project Token Creation Tool and submit their tokens for approval. This feature not only enhances our ecosystem but also demonstrates our commitment to empowering our community with innovative tools and opportunities.
Visit GalaSwap today to start creating your own custom tokens!
Mayhem Has Begun is approaching its halfway point, but there’s still plenty of time left to get in on week 2 Mayhem this weekend!
As far as week 3, today we’re here to give you a little preview of the Mayhem that’s kicking off next Monday.
Mayhem Again
The coming week brings continued competitions and events from some familiar projects, but also some new twists and turns to add to the sweet chaos that is May Mayhem.
Everything covered in this article will pertain specifically to May Mayhem week 3, May 20th through May 27th. For events going on right now, refer to last week’s preview below!
Common Ground World
This weekend the nitty gritty grind of fierce competition continues in the ‘Best of the Best’’ competition, but we’ll open the field up one more time in week 3… we’re going back to ‘Everybody’s Welcome’!
This format will work the same as week 1, with reward seats expanded to 2500 winners and 31% additional $GALA added to the prizes! Get in there when the competition starts next Monday to build for your rewards.
Next week will feature yet another 2nd chance sale… this time 100 Arcane Rings will be up for sale! Each of these Epic rings will be available for $120.
Another week of Mayhem brings two more NFT reworks. Look forward to seeing overhauled versions of the Tunnel of Love and Barista Palace!
Another week of Mayhem brings two more NFT reworks. Look forward to seeing overhauled versions of the Tunnel of Love and Barista Palace!
If you missed the Common Ground World weekly Town Hall, you’ll have to circle back and listen to hear even more about next week’s festivities and guilds in Common Ground World!
Legends Reborn
Even more Mayhem will be coming to the tables this week!
Last week, we messed up the announcement for Legends Reborn a bit 🫢. Due to a change at the beginning of week 2, five places are eligible to receive rewards in each category of total matches played and total matches won!
We’ll be doing the same thing this week, with each winners in each category able to claim the following rewards:
1st place – $200 of $GALA
2nd place – $150 of $GALA
3rd place – $75 of $GALA
4th place – $50 of $GALA
5th place – $25 of $GALA
Remember, there’s still time to land some free NFT card rewards for Legends Reborn! Rack up 50, 100 and 150 matches played respectively to get your hands on a new Glacial Spear, Viridian Dragon and Phoenix!
Remember, there’s still time to land some free NFT card rewards for Legends Reborn! Rack up 50, 100 and 150 matches played respectively to get your hands on a new Glacial Spear, Viridian Dragon and Phoenix!
GalaSwap
GalaSwap’s May Mayhem event continues, and we’re yet again switching up the tokens you could get extra rewards from swapping again!
This week, the top volume swapper for each of the following tokens will receive extra rewards:
$GALA
$GUSDT
$MUSIC
$LECC
$GSWAP
$ETIME
$TOLK
NFTD
Our friends at NFTD are getting in on the Mayhem too! Have you deployed your towers to see how long you can last!? If not, next week is a great time!
Next week the team over at NFTD is even introducing a brand new tower. This tower is usable by players with particular NFTs that some galaxians may already have around.
Now, it’s not our place to say what NFTs these are. I wonder what items from the galaverse cube could be indicating 🤔…
Spoiler
Every VOX in your wallet allows you to place one Cube Tower!!!
[collapse]
VOX
The VOX invasion continues, and it’s headed where VOX have never gone before next week! Have you been racking up the wins at the tables in Legends Reborn? There’s still time left to land in the top 100 and get your hands on an exclusive ProtoVOX!
Next week, the invasion is heading to NFTD! We’ve partnered with their team to bring a special reward to the top finishers on the leaderboard next week. The top 20 finishers in NFTD’s leaderboard through May 27th will receive Common VOX Land!
Maybe you can use some of those new towers to help you out? We can’t for the life of us guess what NFTs could unlock these cuboid colossi!
Continual Mayhem
We’ve covered all the new events and changes above (that we’re willing to reveal right now 😉), but there’s still tons going on across the whole month. We’re approaching the halfway point, so the time to take advantage of these events is running low!
Gala Music – Listen for Rewards is live on Gala Music!!! Get points for each unique track you listen to and grab a daily distribution of $MUSIC!
Gala Film – You can still get an extra RZR Mystery Box for watching each new episode of RZR! One will be delivered shortly after watching and bonus boxes will drop into your account each week.
Eternal Paradox – EPX still has time left for you to farm Mayhem Boxes and complete your Mayhem Pass for a pile of extra rewards!
Champions Arena – Have you been loading up on M-Tickets? Did you get everything you wanted from the shop yet!?
Mayhemming All Month Long
That’s all we’ve got to announce for week 3… we’ve inevitably left at least something as a surprise here. Such is the way with Mayhem. 😁 Remember, you’ve still got 3 days left in week 2 festivities… make them count!
Good luck out there galaxians. Get the Mayhem while you can, because we’re halfway through the month already. Mayhem does have a way of intensifying over time though, so make sure you leave a little in the tank for the finale in week 4!
