We are thrilled to announce the completion and results of Gala Film’s first two Theater Node governance votes. Marking a significant milestone in our journey towards a more decentralized and community-driven platform, our community of Theater Node operators has spoken, and their decisions will play a crucial role in shaping the future of $FILM tokenomics.
The Votes
The two governance votes focused on key aspects of $FILM tokenomics:
Maximum Boost for Film Projects
Distribution Method for $FILM Tokens
Voter Participation
We extend our heartfelt thanks to all Theater Node owners who participated in these votes. A total of 249 Theater Node operators cast their votes, with a total of 508 participating Theater Nodes. This strong turnout underscores the dedication and engagement of our community, and we hope to further increase the involvement and engagement of our valued Theater Node operators in the future.
Results
Vote 1: Distribution Method
With 58% of the votes, the community has decided to keep the current distribution method based on the prior day’s activities. This means that the daily minting of $FILM tokens will continue to be determined by the previous day’s ecosystem activity.
Vote 2: Film Boost Reward
With 43% of the votes (winning share), the community has chosen to set the Film Boost at 3X. This decision means that once a film reaches the Boost cap, each view will count as three views when calculating daily $FILM distribution.
Next Steps
These decisions will be incorporated into the Gala Film Litepaper and applied to the platform. We believe that these choices will foster a more dynamic and rewarding ecosystem for all participants.
We are immensely grateful for your continued support and participation in shaping the future of Gala Film. Together, we are building a more empowering film industry.
Stay tuned for more opportunities to have your voice heard in upcoming governance votes. Your participation is crucial in our journey to revolutionize the world of film through the power of blockchain technology.
Thank you again for voting and for being a part of the Gala Film community.
We love our communities at Gala. Even as they have grown and multiplied, first from solely Gala Games into multiple entertainment genres with Gala Music and Gala Film, then branching out into industries beyond entertainment with the release of the developer friendly GalaChain SDK. This family will get bigger and bigger, but we’re still (and always) a family.
One of the most foundational groups in our community is the Gala Founder’s Node operator ecosystem. Since the very beginning, they have been there, powering our network in exchange for $GALA even before GalaChain existed. Today, the operators of this massive DePIN (Decentralized Physical Infrastructure Network) are behind one of the largest decentralized networks in the world.
As always, we want to thank our dedicated Founder’s Node operators for acting as the engine of our network. You are true pioneers who have believed in our web3 mission of empowerment through ownership, some of you since our earliest days. Thank you.
Understanding Gala Founder’s Nodes
At the core of our Gala Ecosystem lies the innovative and powerful Founder’s Nodes. These nodes are the backbone that supports and drives our entire network, playing a critical role in ensuring the smooth and efficient operation of our decentralized platform.
Think of a node as an intersection of data on a blockchain, or a joint. In the same way that a traffic intersection is governed and regulated by a traffic light, a blockchain intersection is regulated by a node.
The most fascinating thing about nodes in web3 is how they make decentralized networks possible, essentially turning operators’ home computers into agents (or employees) of the blockchain. By running a simple program in the background, operators can power the network, even with little to no understanding of how it’s working.
The distribution of data across a network of nodes is foundational to a decentralized ecosystem like Gala.
What Are Founder’s Nodes?
Founder’s Nodes are specialized servers operated by community members who have acquired a license to run them. These nodes are integral to the functioning of our GalaChain, contributing to various essential tasks such as securing the network and storing data. Think of them as the silent workhorses that keep our ecosystem thriving.
Incentives for Node Operators
Operating a Founder’s Node means collecting daily $GALA as it is generated. Node operators receive daily distributions of $GALA tokens, our ecosystem’s digital currency, for their contributions to the network. This reward mechanism not only incentivizes node operators but also ensures the continuous and sustainable operation of the network.
Distribution to Founder’s Node operators is one of the main ways that $GALA first enters into circulation. The amount of $GALA distributed to operators each day depends on the number of active operators and the current circulating supply of $GALA, using a dynamic halving model as described in the Ecosystem Blueprint.
Governance and Decentralization
Our vision for Gala is deeply rooted in the principles of decentralization. Founder’s Nodes play a crucial role in this vision by participating in governance through consensus voting. Node operators have the power to influence major decisions, such as the distribution of $GALA and other significant ecosystem developments. This participatory approach ensures that our community has a voice in shaping the future of the Gala Ecosystem.
Founder’s Nodes are the foundation upon which our Gala Ecosystem is built. They provide essential services, secure the network, and empower our community through governance participation. By running these nodes, our dedicated operators contribute to the resilience and growth of the GalaChain, helping us drive the decentralized revolution forward.
After digesting valuable community feedback and wrestling with some yet undecided but important details of GalaChain Poker, the Gala team has decided to postpone this launch and the accompanying node sale.
Please subscribe via email at GalaChainPoker.com to ensure you get the latest information as decisions are made regarding launch date, node sales and feature plans.
Thanks for being part of the Gala community!
TL;DR
GalaChain Poker launches in mid May, 2024
GalaChain Poker is unrelated to PokerGO Play, which will continue.
Prior economy update plans for PokerGO Play now apply solely to GalaChain Poker.
Tokenized Table Node licenses will be available early next week, limited to only 200 with the lowest possible pre-launch pricing.
60% of $GCHIP will go to players/referrers and 30% to Texas Hold’em Table Node operators.
Prepare for an exhilarating addition to the Gala Games ecosystem with the upcoming launch of GalaChain Poker, accompanied by its pioneering AI token, $GCHIP. Here’s what you need to know about the new game and token.
Join members of the GalaChain Poker team tonight (April 26th) on Youtube starting at 6pm PT as they answer questions about the reward economy and share some of GalaChain Poker’s vision for the future!
Introducing GalaChain Poker
In just a few weeks, GalaChain Poker will make its GalaChain debut, and anticipation is building for what promises to be a major advancement in blockchain gaming.
Through the speed, scalability and security of GalaChain, we finally have the ability to deliver these features to the world without altering what you love about your favorite wagering games.
$GCHIP–The First AI Gaming Token
$GCHIP is set to revolutionize the way we play poker online. As Gala’s first AI Gaming token, $GCHIP will offer players state-of-the art advice and insights, driven by AI and derived from a comprehensive analysis of game strategies and player behavior.
The primary utility of $GCHIP will eventually be powering the game’s various AI add-on features. These features will also be powered by Texas Hold’em Table Nodes, described below in greater detail.
GalaChain Poker’s robust set of AI features will not immediately be available with launch, but will come with future updates as ways for players to spend the $GCHIP they have received as rewards.
$GCHIP is designed to not only enhance the gaming experience, but also to provide real tradable value and utility within the GalaChain Poker ecosystem.
As a GalaChain minted token, $GCHIP will be easily transferable within the ecosystem. This allows players the freedom to swap their rewards for various other currencies and use them as they please, within or without the Gala Games ecosystem.
For players who choose to keep those $GCHIP rewards in the game, we’ll soon present some new AI-powered utility options that will open doors to additional rewards, enhanced poker gameplay, AI instruction and much more.
Stability in PokerGo Play
Fans of the existing free-to-play casual poker game, PokerGo Play, can breathe easy—there will be no changes and we will continue to support it in its current form. It remains as engaging and accessible as ever.
While the first version of GalaChain Poker’s tokenomics was originally announced here as a new system for PokerGO Play, from this point on all new tokenomics will apply solely to the new title, GalaChain Poker. $GCHIP will not be used as a utility or reward token within PokerGO Play.
GalaChain Poker Tokenomics
GalaChain Poker will always be free to download and play, with various ways to participate without making purchases or owning $GCHIP. However, for those who wish to get involved in the strategic intricacies of the game’s reward economy, $GCHIP tokenomics have been carefully calibrated to benefit players and support sustainable ecosystem growth.
GalaChain Poker has an incredibly strong focus on the players themselves, offering them a 50% reward share of all generated $GCHIP.
As with many other Gala Games, token rewards for GalaChain Poker will be distributed daily as mint allowances, allowing the player to mint them onto the blockchain whenever they please.
50% to Players, rewarding active gameplay.
10% to a Referral Program incentivizing community growth.
30% to Texas Hold’em Table Nodes operators, ensuring smooth operations and platform integrity.
7.5% to Gala, supporting continual development and innovation.
2.5% to Founder’s Node operators, honoring their crucial role in our network.
How $GCHIP is Generated
The total amount of $GCHIP generated and distributed as rewards is determined by the amount of in-game chips taken by “the house.”
In “Cash Style” Games
“Cash Style” tables are offered at many different minimum buy-in levels and the amount of $GCHIP allocated to daily rewards is determined by the amount of in-game chips bet at the tables.
For every 1M in-game chips bet on the tables, 1 $GCHIP is generated for reward distribution.
In SNG Games
SNGs are tournaments for which each player pays an entry fee from their in-game chips. At launch, GalaChain Poker will offer 5-player SNG tables that award prizes to 1st and 2nd place.
For every 1M chips spent on SNG entry fees, 2.5 $GCHIP is generated for reward distribution.
How Players are Rewarded
To determine the share of each day’s $GCHIP rewards going to individual players, each player’s participation is converted to a point structure, described in-game as a player’s Score.
Participating players’ Scores translate to their share of the daily $GCHIP distribution. This means that players who bet more often and in higher amounts will have higher scores, which generally lead to greater shares of the day’s rewards.
Score Multipliers
By reaching minimum buy-in amounts for higher stakes tables, players automatically enhance their potential daily $GCHIP reward share. But even on top of that, a system of Score multipliers will be used to further increase rewards for players who compete in higher stakes competition.
By adding additional incentives for players to play at the stakes levels that closely match their chip capacity, we can ensure a more competitively balanced game, discouraging chip stack bullying and encouraging more fair gameplay.
Rewarding Fair Play
In summary of the Score multiplier system:
For every 1 $GCHIP that is “fairly” generated, the player’s Score increases by 1.
GalaChain Poker will serve a wide range of players, from free participants to large stack contenders who consistently use $GCHIP to purchase additional in-game chips. With such a wide range of stakes levels and chip count sizes, a system was needed to prevent bullying.
For example, if a player has a stack 10,000 times bigger than yours, they probably shouldn’t be playing at your table because they will be tempted to bully you with their easily replenished chip stack. Chip stack bullying in this manner has the potential to make the game less enjoyable for everyone involved– Therefore, we want to incentivize players to sit at tables that are well suited to their total chip counts.
The table below includes the initial plans for these multipliers in “Cash Style” games:
For SNG tourneys, players are instantly awarded Score points when joining tourneys at various levels. The Score received for joining a SNG is directly proportional to the amount of chips spent as a SNG entry fee.
Spending $GCHIP
In addition to the set of AI upgrades that will be available with a post-launch update, players can always use $GCHIP to purchase additional in-game chips. The most basic purchase level in the GalaChain Poker app will get you 10,000 in-game chips for 1 $GCHIP, but as you spend more $GCHIP in a single purchase, the in-game chip value received will grow.
For exact $GCHIP to in-game chip conversion rates, check the listings in the Gala Games store.
Texas Hold’em Table Nodes
The GalaChain Poker DePIN (Decentralized Physical Infrastructure Network) will be powered by the Texas Hold’em Table Node network, whose active operators will always receive 30% of the $GCHIP generated as rewards for operating their nodes.
In addition to the hosting of normal gameplay, Texas Hold’em Table Nodes will ultimately power the game’s forthcoming AI features, ensuring increasing utility for this network as a groundbreaking decentralized AI mechanism.
Transferable Node Workload NFTs will be issued to all Texas Hold’em Table Node operators to ensure that our community of operators is free to trade their nodes.
Upcoming Node Sale
The initial sale of Texas Hold’em Table Node licenses will begin early next week. Subscribe with your email address at GalaChainPoker.com to ensure you get a notification when it’s time for the sale to begin.
As a special pre launch offer, Texas Hold’em Table Node licenses will first be available in an extremely limited supply of just 200 of them for $400 per node license. New batches of Texas Hold’em Table Nodes will be released at higher price tiers at the team’s discretion, driven by player activity.
The pre-launch Texas Hold’em Table Node license sale is the lowest price for which these licenses will be available in a primary sale.
As with all Gala nodes, running a workload for the DePIN will be required and $GCHIP rewards will be allocated based on workload activity.
GalaChain Poker is set to redefine blockchain gaming, offering rewards for playing, whether or not you’re winning!
To keep up with powering the most innovative projects, products and platforms in web3, it’s crucial that we maintain optimized node networks. These networks empower users to contribute computing power to the decentralized network through GalaChain’s cutting edge DePIN (Decentralized Physical Infrastructure Network), essentially turning community computers into employees of the blockchain and rewarding operators for their time and energy.
While GalaChain was being created from the ground up by our team of blockchain experts, tokenization of node licenses was always an important part of the vision. A key benefit to blockchain is the user’s ability to own tokenized items on their terms, so a license to operate a DePIN node for rewards should be no exception.
As recently announced in this blog, Founder’s Nodes and Common Ground World Nodes would be the first nodes in the GalaChain network to undergo this “tokenization” process.
Today, we’re pleased to announce that Common Ground World Nodes have now made GalaChain history, becoming the first tokenized node licenses in the GalaChain ecosystem.
Node Workload NFTs
Throughout the history of the decentralized Gala ecosystem, node licenses have been issued as account locked items, making them unable to be transferred or traded. With Node Workload NFTs, operators are becoming empowered to trade their licenses with one another for the first time.
Please note that the Node Workload NFT is not the node itself, but the tokenized license to operate the node for rewards. No matter which node network (there are already several and more in the works), the node is run using the GalaChain node client on the operator’s computer.
By transferring a Node Workload NFT to another user, you are also giving them the right to operate that node and receive the rewards that come with it.
Initial Features
The Common Ground World team is bravely leading the way into this uncharted territory by tokenizing licenses for Common Ground World Nodes. This is a crucial step before the upcoming release of Common Ground World Guilds, which promises to be a truly game-changing feature for Gala’s flagship game of town and city builders.
Your Node Workload NFTs will initially be transferable to other users and bridgeable to the Ethereum blockchain for external trade. However, please note that your Node Workload NFT must be on GalaChain to run your workload.
Future Features
The ability to list your Node Workload NFTs on GalaSwap will be added with a future update.
Allocation of CGW Node Workload NFTs
For anyone who purchased Common Ground World Node (formerly known as Town Star Node) licenses in a previous sale, you will receive a number of Node Workload NFTs that corresponds to the amount you spent on your CGW Node license in the original sale.
Around midday on March 27th, operators should have received 1 Node Workload NFT for each $1000 spent on the license in the original sale. For example, if you spent $1000, you should have received 1 Node Workload NFT, but if you spent $4000, you should have received 4.
Stay tuned for more updates and the tokenization of other node networks within the GalaChain ecosystem, such as Gala Founder’s Nodes!
It’s almost time for an important update to the Gala Node ecosystem that will enhance rewards for the most active operators.
As the Gala ecosystem was building its infrastructure and first proving viability, Founder’s Node operators were rewarded for operation based on their ability to meet the minimum 6-hour uptime requirement during each 24 hour distribution period. This system should be familiar to all Founder’s Node operators today, as it is the system we have used for several years.
In this current system, 1 point is awarded to each Founder’s Node that has met its minimum uptime requirement for the day. Then the $GALA generated for the day is distributed proportionally to the allocation of the points. This straightforward system provides no incentive for Node operators to support the network by operating their Nodes for longer than 6 hours each day.
We’re looking for node operators who support our vision of building the largest decentralized network in the world, so we devised a solution that would a) remove the minimum uptime requirement,and b) reward those who run their Nodes around the clock.
The Long Term Plan
In 2021, it was first announced HERE (and decided through a decentralized governance vote) that the network would eventually shift to such a system. Amid the excitement of opening GalaChain to external development via tools like the GalaChain SDK and the Gala Creator Portal, as well as the web3 buzz surrounding the March 20-21 GalaChain Hackathon GDC competition, we’re thrilled to announce that the time has come.
These updates will go live soon, switching to the new distribution system and rewarding node operators based on a new point system, described in more detail below.
The Point System
The original point system was “pass or fail” with the operator receiving either 0 points for not meeting the requirements or 1 point for meeting the requirements.
The new point system allows operators to earn partial points, creating a more accurate reward structure based on actual operation time.
Every 6 hour period equals 1 point. Therefore the max points for a 24 hour day is 4.
Another way of phrasing this is through the following formula:
Points = (Seconds Online ÷ 3600) x (4 ÷ 24)
While this point structure is changing, the total amount of $GALA available in the daily distribution will not change, except when a dynamic supply event occurs as described in the Gala Ecosystem Blueprint.
The founders distribution still follows the same formula:
Point Value = Distribution $GALA Amount / Total Points
Reward = Points * Point Reward Value
Founder’s Nodes and Common Ground World Nodes
This change will initially only affect the distribution of $GALA from Founder’s Nodes and $DIRT from Common Ground World Nodes.
For Common Ground World Nodes, the 1 $DIRT received per day for an active node will now be the maximum that a Common Ground World Node will generate when active for 24 hours in a day. A Common Ground World Node that is active for 6 hours will receive .25 $DIRT, and so on.
Next Steps
This update is an important step in the process toward making tokenized licenses called Node Workload NFTs, which will allow Node operators to transfer their Node licenses to other users. Shortly after the start of this new distribution structure, we will convert Common Ground World Node licenses to the ecosystem’s first Node Workload NFTs. The tokenization of Founder’s Node licenses will follow shortly after.
Running the Newest Client
With a future update to this system, modifiers will be implemented that reward additional points to operators who run the newest version of the Node client or reduce points for running a deprecated version of the Node client. These details are still being fine tuned and we will share updates as they become available.
Thank you for supporting the decentralized Gala ecosystem, and we look forward to many more years of building and innovating through the power of GalaChain!
