Gala Music is excited to announce a series of updates across both our web platform and mobile app, designed to enhance your music experience and deepen your engagement within our vibrant music ecosystem. Whether you’re a longtime user or just discovering Gala Music, these new features will enrich your interaction with the platform and its vast catalog of diverse music content.
Web Platform Upgrades
Exclusive Payment Options
We have streamlined our payment methods to focus on $MUSIC and credit cards. This enhancement is a major milestone for the $MUSIC token, not just about simplifying transactions but also elevating the utility of our official token, making every purchase part of a larger journey within the Gala Music ecosystem.
NFT Tracks may be purchased with either $MUSIC or credit card.
All Access Experience may be purchased exclusively with $MUSIC.
Listen for Rewards
Engage with unique tracks on Gala Music now for reward points that will lead to actual $MUSIC rewards. Qualify by simply listening to at least 10 unique tracks each day, then use your $MUSIC rewards to purchase NFT tracks, All Access Experiences and more!
This feature is perfect for those who love discovering new music and appreciate being rewarded for it. Further details on this reward system are explained in the Gala Music Whitepaper, in the section entitled “Ecosystem Reward Allocations and Pools.” Currently, 25% of the new $MUSIC entering circulation is allocated for distribution to the community of ecosystem supporting actors for various types of engagement.
Rewarded Actions Include:
Referring users who pair tracks
Referring users who operate Jukebox Nodes
Tipping $MUSIC to artists
Pairing an NFT track
Operating a new Jukebox Node
Upgrading a Jukebox Node
Redeeming a Mystery Box
Unlocking an All Access Experience
Interacting with a Live Stream
Buying BEATS on a Live Stream
Listening to Unique Tracks each Day
Revamped Referral Page
We’re all stronger together in the world of web3 entertainment. Part of acknowledging that our community is our most valued resource is agreeing to reward them for the ongoing support that makes it all possible. Supporting the Gala Music ecosystem has never been more rewarding. Just check out the extensive and recently updated list of ecosystem supporting actions here.
Empowerment Through Rewards
When we work together to build a music platform that empowers everyone, everyone deserves rewards for their time and attention. Newcomers who are about the latest drops and hottest emerging artists won’t always have experience with blockchain tech. On the contrary, we ultimately expect to onboard millions of users from all walks of life, far beyond the early adopter web3 community that has been so instrumental to our success.
We’re creating an ecosystem that takes fans and musicians deeper into the cutting edge of musical arts. By offering $MUSIC rewards to everyone involved in shaping that ecosystem, no matter their experience level or purchasing power, together we’re building a new musical paradigm. Whether you’re a casual listener, a chart-topping artist or a seasoned NFT collector, $MUSIC rewards await.
Perform actions now to help sustain and grow our community and earn points that represent shares of the daily $MUSIC distribution.
$MUSIC on GalaSwap
Enhanced use freedom is a huge part of our mission to empower and decentralize the music industry, and this update is a massive leap in that direction! You can now swap $MUSIC on GalaSwap, the official token swapping platform of GalaChain. That means without the need for bridging away from GalaChain, you can create or accept swaps and trade for tons of other GalaChain-based tokens offered on the platform, including $GALA, $GUSDC, $GWETH and more!
The Gala Music is how you can tap into our world of web3 music anytime and anywhere, listening to the latest drops, joining live stream concert events, creating playlists and more. As we continue to streamline the app for both Android and iOS, we invite you all to download it for free and start experiencing your web3 music on the go.
Discover Genres Easily
With enhanced navigation on the homepage, you can explore music by genres with just a tap. Discover top songs in each category and find new favorites effortlessly.
Improved Music Controls
Manage your music experience with ease using the three-dot menu on any track. Add tracks to your playlist, like similar songs, share your favorites, or visit artist profiles—all from one spot.
Apple Airplay Compatibility
Enjoy seamless streaming on external devices via Apple Airplay. Whether you’re hosting a party or just enjoying music at home, our app ensures you get the best quality streaming experience.
Get Involved!
These updates are designed to make your Gala Music experience more intuitive, enjoyable, and rewarding. We invite you to dive in and explore all the new features available. Your feedback is invaluable as we continue to evolve and tailor our platform to meet your needs and exceed your expectations.
Listen, engage, and enjoy—your next favorite track awaits you on Gala Music!
Following last week’s launch of $GSWAP, the official token of GalaChain’s official decentralized exchange protocol, we have more exciting GalaSwap news.
Our engineers have completed implementation of $MUSIC, Gala Music’s official token onto the GalaSwap platform, essentially making $MUSIC tradable within the GalaChain ecosystem. While the intentions to add this token were announced with GalaSwap’s V1 launch earlier this year, we did not know how long its implementation would take. We’re pleased to announce that our GalaChain engineering team has exceeded expectations and $MUSIC is now fully tradable on the platform.
Login with your Gala account now at GalaSwap.Gala.com to start trading $MUSIC and getting $GSWAP.
How to Get $MUSIC
$MUSIC is the lifeblood of our rapidly growing decentralized world of music, on a mission to empower artists and fans like nothing else in the world.
With one of the latest Gala Music platform updates, it’s now easier than ever to get some $MUSIC of your own, whether or not you’re an NFT owner. Community is everything in the new world of web3 music; Fans make it possible for artists to keep making music, artists make it possible for fans to become superfans, and community is the empowering tie that binds us all together.
According to the Whitepaper, 25% of generated $MUSIC is currently reserved as a reward for users who support the ecosystem in various ways. You’ll find a specific list of the rewarding actions here.
Listen for Rewards
Each day, the number of unique tracks you listen to equates to a point value that represents your share in the day’s $MUSIC reward distribution for ecosystem supporting actions.
By sharing your Gala referral link with your friends, you’ll qualify for rewards when they take certain specific actions to empower themselves and support the ecosystem. Easily share your favorite songs and artists on social media– Whenever someone creates an account as a result of your share, they’ll be automatically connected to you, giving you a shot at some additional $MUSIC reward points!
Host the Music
Become a powerful force in the Gala Music ecosystem by operating a Jukebox Node to generate regular $MUSIC rewards for hosting NFT tracks on the platform. Whenever a hosted track is listened to, rewards are generated for the artist who created it, the collector who owns it, and the Jukebox Node operator who provided the computing power to host it!
Becoming the owner of NFT tracks from your favorite artists is a simple and consistent way to share in daily $MUSIC rewards based on how many times your track was played in a 24 hour period. To unlock these rewards, just pair your NFT track with one of the active Jukebox Nodes on the network for no additional cost.
$GSWAP is here for GalaSwap users in multiple ways and promotes GalaChain trade health.
Get $GSWAP when you complete a trade with $GALA on GalaSwap.
1 $GSWAP for every 1 USD of $GALA swapped.
It seems like only yesterday that we launched GalaChain, creating a user-empowering web3 haven focused on speed, scalability and security. By providing builders with streamlined tools like the GalaChain SDK and the Gala Creator Portal, we’re making it easier than ever for innovators to empower their communities, bringing their ideas to life in the full color of web3.
Shortly after we hit the ground running with the new open vision of GalaChain, we released the first version of GalaSwap, GalaChain’s built-to-grow trade platform. With a plethora of early updates under our belt, such as token additions, partial swaps and API release for external applications, GalaSwap is growing rapidly.
Today we’re dropping a major update, designed to allow users to participate in a program not only for using the GalaSwap platform, but using it in a way that promotes ecosystem health and Gala’s long term vision of an open source web3 future.
$GSWAP
$GSWAP is a new kind of DEX token with a program that perfectly suits GalaChain.
Anatomy of a GalaSwap Trade
Whenever a swap is placed or accepted on GalaSwap, the initiator of the transaction is required to spend $GALA as a fee. Currently, this fee is set to 1 $GALA for all swap transactions (placement or acceptance).
With the addition of $GSWAP, each trade will also result in $GSWAP being distributed to the user who accepted the swap.
Issuance of $GSWAP
$GSWAP is generated whenever a swap is accepted on GalaSwap. This will be on the current fair market value of $GALA, as taken from 3rd party centralized exchanges. The total USD fair market value of the $GALA portion of the swap will indicate how much $GSWAP will be distributed.
If a user accepts a swap for 1000 $GALA and fair market value at the time is reported as $.05/$GALA, then 50 $GSWAP is generated and distributed to that user.
Each day, 50% of the $GSWAP issued the previous day will be issued to the following Gala managed accounts:
40% to the $GSWAP Gala company wallet, to be used as designated by Gala.
20% to the Referral program , to be used to incentivize those who bring tokens onto GalaChain.
20% to the Marketing wallet, to be used for the marketing of GalaSwap
20% to the Market Maker Subsidy wallet, to be used to subsidize maker fees and incentives
Soon we hope to add bridging for $GSWAP, but for the moment the token is only being rolled out on GalaChain.
$GSWAP Live
$GSWAP is live right now! There’s never been a better time to explore GalaSwap!
Thank you for your ongoing support of the ecosystem. We hope this new GalaSwap program promotes healthy and sustainable growth of the GalaChain economy.
We’ve been thrilled to see how much the GalaChain community has enjoyed the ability to easily swap tokens on chain using GalaSwap.
As we said when we first released GalaSwap, we originally prioritized getting it in users’ hands as quickly as possible. This means that we’ve got lots of updates we plan to implement, and the next round is here!
Starting with this update, you’ll no longer need to fulfill an entire swap to accept it. Likewise, this makes it so it isn’t ‘all or nothing’ for those listing swaps.
When searching for a swap, you’ll now see a checkbox labeled “Selected Amount”. Using this checkbox, you may accept a percentage of the swap being offered.
You’ll be able to customize the amount of the given swap that you fill, and the rest will remain as an available swap.
You can use this in addition to other full swaps as well to get exactly what you need, without having to try and get an optimal combination of swaps for the exact amount of tokens. you’re looking for.
New API Functionality
We’ve added new API integrations into GalaSwap to allow developers to easily access the GalaSwap API.
This will open the door to new developments, as builders on GalaChain can now integrate API for GalaSwap functionality authenticated directly through a user’s keys.
GalaSwap itself doesn’t have a monopoly on token exchanges within the GalaChain ecosystem. We built this tool because it was functionality that we thought everyone needed for the good of GalaChain. The end goal is always to make it more useful to those building on and using GalaChain!
Much More Ahead
GalaSwap is still in the early days. There will be a lot more coming – more tokens, more ways to swap and more use for GalaChain devs!
For now, we hope that these few updates make your swaps a little easier. We’ll be back soon with new features!
After our release of GalaSwap last week, we definitely didn’t stop to take a breather. We’ve got new features just introduced and more on the horizon!
Order Book Added
We released GalaSwap as soon as it was ready to be used rather than holding it in development, so there are lots of features coming as soon as we can get them together!
First up, many swappers commented on how a visible order book would make finding the right swap much easier. We agree entirely, so we’ve added in the ability to view the order book of available swaps. Hopefully this gives everyone more of an idea what swaps are out there as soon as they log in!
CoinGecko Price Reference
You’ll now find relative pricing information next to the swap interface. This information is sourced directly from CoinGecko’s data.
While this provides a useful reference before swapping tokens, we still encourage all users to do research on token prices from multiple sources before accepting or requesting a swap.
More Coming Soon
More features are already being built for GalaSwap, so expect to see more coming out soon. We released GalaSwap in a very minimalist form to get it out to our community as soon as possible, and we’re not going to slow that momentum by sitting on updates that we could add. If we can make it work, we’ll get it integrated into GalaSwap ASAP.
Keep your eyes peeled for the next major updates coming very soon!
