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.
Find out what it’s like to step up and become a music legend. Somewhere inside you there’s a superstar waiting to be discovered. 💫 🎧 Music Coin is your chance to live that journey and rise to the top!
Play Free for Actual Rewards
When you play Music Coin on mobile through Telegram, you’re unlocking a new world of rewards within the Gala ecosystem. Through various modes of gameplay, you’ll collect both $TREZ and $GALA.
$TREZ is the official token of GalaChain’s growing ecosystem of Telegram mini app games.
$GALA is the core token of GalaChain, a top 100 crypto on CoinMarketCap listed on dozens of exchanges throughout the world and usable in numerous ways throughout the Gala universe.
Launching the Game
The only requirement for playing Music Coin is a Telegram account, free and easy to create using your phone number. If you’re not yet one of Telegram’s nearly 1 billion worldwide users, create an account HERE.
Music Coin is designed to be played exclusively on mobile devices using Telegram’s mini app ecosystem. This means there’s no need to launch an additional app or even leave Telegram. The game will launch directly from Telegram as a mini app. Close Telegram and you’ll close the game, but it’s easy to start up again.
The Music Coin Bot
Launching Music Coin is easy thanks to our neighborhood friendly Music Coin Bot. The most important role of this bot account is to launch the game for you.
Simply type /Start or tap the Launch Game button to open the Music Coin app.
Playing the Game
The object of Music Coin is simple: Collect as many coins as you can, maximizing each feature and playing as often as possible.
Ultimately, your $TREZ rewards will be determined by the achievements and levels you have reached and the amount of in-game coins you’ve collected.
Check out the $TREZ Litepaper for more information about how these tokens will be minted and distributed.
Play
This section is Music Coin’s main hub, your progress dashboard where you can track your current rewards and level.
Tap the large $TREZ Bot image in the center of the screen to generate Music Coins in real-time. With each tap, you’ll see coins rising up into your total stack.
Quests
The Quests section is your passive coin reward headquarters. By leveling up the numerous items in the Quest menu’s 3 different categories, you can increase your Reward per hour, which will accumulate even when the app isn’t open. These items are upgraded by spending directly from your current stack of Coins.
As you continue to level up, your Quests will become more and more expensive, but the rewards will be great!
Friends
Making the most of Music Coin is all about sharing with friends. While there are plenty of other ways to build up your reward haul, sharing is the best way to get $GALA in your connected wallet.
As you invite friends to Music Coin, a $TGALA balance will build up in your account. $TGALA is $GALA that has been bridged to the TON Blockchain to simplify distribution through our Telegram apps.
Once wallet integration is complete, you will have the ability to withdraw $TGALA directly to your connected TON wallet and bridge it back to GalaChain for use throughout the Gala ecosystem.
Rewards
The Rewards section is the simplest way to collect Coins in a hurry. Updated regularly with new tasks to complete, this section allows you to complete simple tasks outside of the game for instantly claimable rewards.
Be sure to check this section every day as it’s updated frequently with new opportunities and once they’re gone you’ve missed out!
Wallet
Still under construction, the Wallet section is what brings all your Music Coin rewards together and makes them a crypto reality.
In this section you’ll soon be able to connect your wallets (both TON and GalaChain), allowing you to easily withdraw your reward assets to use them externally.
Please keep in mind that even though wallet integration is not yet available, your current game activity WILL COUNT toward your initial distributions of both $TREZ and $TGALA! So spend some time tapping each day!
Music Coin Announcements
Make sure you’ve joined the Music Coin Announcement channel in Telegram, where you’ll find the latest updates and news about the game.
We’ll also keep you informed about the latest NFT releases on Gala Music, where there’s a constant stream of opportunities to support new artists and share in their success by unlocking $MUSIC rewards!
You squint in the glare from your giant stack of chips. The dealer slides cards across the table, but you’re not in a hurry to look. Instead, you’re staring intently at your opponent on the button.
They look at their cards, letting out a short but distinct sharp inhale. You see their pupils contract slightly as they glance at their hole cards, then they look straight to their chip stack before raising to 4x the blinds.. You glance at your cards – not good enough.
You fold your big blind. The player on the button has told you everything you need to know.
Poker is a game of incomplete information. You make the wisest decision you can with the information you have available to you. This means that being able to deduce hidden information from available information can lead to a huge advantage at the tables.
This leads us to one of the pillars of poker skill, but often the most misunderstood and misused concept in the game – reading opponents.
Poker Tells
In the heat of a game, reactions or behaviors taken by a player can potentially reveal information about their hand or mindset to other players. When a person’s subconscious behaviors give away the information they are trying to keep hidden, we refer to that as a tell.
Reading tells is about deducing hidden information from information that you already know. Very often it is also about deciding what assumptions about human behavior are likely versus possible. Nothing is ever a sure thing in an incomplete information game, but hints at someone’s likely attitude towards their cards can let you make a more informed decision when the action is on you.
Let’s say that your opponent has pushed a large bet into the pot and sits back from the table, letting out a deeply relieved sigh. This player has sent a clear signal – they aren’t engaged. The stressful time during the hand was making that bet, and now they don’t feel the need to watch intently as players decide whether to call, fold or raise.
This player’s behavior indicates that they think they have the best cards. The bet is placed, they don’t have anything to worry about. Don’t jump to conclusions too fast though! Is this typical behavior for that player? Are they feigning confidence in the hand to cover up that they don’t have absolute rags? Probably the latter. Players have a tendency to try and appear strong when they are really weak.
Tells that speak the truth are usually more subtle… like an attitude boiling over in slight, subconscious actions. It’s important to note, however, that tells are not an exact science – humans are individuals and will often react differently to the same stimuli.
Yes, brow sweat can be a sign of a sudden loss of confidence… but it can also mean that it’s just hot in that room. Or maybe that guy is particularly sweaty when he’s hungry and his tummy just rumbled. Everyone is different, and actually trusting a tell from any player requires some degree of baseline reference for their behavior. You have to watch and understand your opponent before their tells are valuable to you. If you haven’t noticed throughout life, people are quite complicated.
It’s also incredibly important to note that tells cannot change cards. Knowing a tell only changes the way that you perceive the action of the game and informs your decision based on your cards.
Recommended Reading: Mike Caro’s Book of Poker Tells
This poker classic is basically considered required reading for people who want to play live games. It predates online play, but there’s applications for the psychology of online players as well.
Caro walks you through the basic psychology of poker tells and assumptions about how behavior indicates attitude to their hand.
Knowing that a player thinks they have good or bad cards doesn’t inform you exactly what their cards are or make the result of the hand any different. It simply gives you more information so that you can make wise decisions regarding your own cards within the hand.
Online Poker Tells
It’s easy to assume that tells are only something that plays into live games, but that’s not exactly true. You may not be able to see your opponent’s body language playing online, but you can definitely still deduce information from their behavior.
Think about what information you do get from opponents in online games. Most obviously, you get betting amounts. At the speed online poker moves, this is actually incredibly useful information. In a lot of ways this kind of data can be more reliable than physical poker tells.
Say you have an opponent you’ve been at a table with for an hour. You’ve played dozens of hands against them and have noticed some patterns. They like to raise 3x the big blind in bad position and 4x the big blind in good position, and they very rarely limp in unless they are on the button. They tend to fold low draws pre-flop you’d guess, because you never see them get caught chasing.
One hand, you notice them uncharacteristically limp in from good position. Once there’s a 5x raise back to them they fold. A likely assumption to be made from this based on their typical behavior is that they had a high suited straight draw. J/10 suited maybe? Q/K suited? It’s unlikely they would have backed down so easily if they had the nut straight draw at A/K, so you can deduce 3-5 likely hands that they had from this behavior.
That didn’t give you much advantage at the time because they folded. You do, however, understand more about that player’s behavior. Maybe that will let you dodge a disaster when they limp in next time and catch a J/10/10 on the flop?
Minor Information, Major Advantage
In an incomplete information game like poker, little bits of information and likely assumptions can add up to a big edge at the table.
Let’s imagine that you have an opponent who you haven’t quite gotten a read on. They’ve been hanging on calling several times and haven’t yet raised or bet themselves. The flop comes 5/9/Q with suits scattered. They keep calling and playing very passively.
The turn comes a J. Suddenly, the player is much more engaged in the hand and responds to your bet with an instant raise – previously they had been considering each check carefully for several seconds. When you call their raise, the river comes a second Q. You check to the raiser, and they hammer a massive bet at you.
So what do they have? From their behavior, there’s one rather likely situation – they carried a 10/K into the flop. This explains why they wanted to hang around for as cheap as possible until their J dropped on the turn. They still had a live draw and an over card. Since the table draw is a gutshot, they know that they have drawn to the nut straight, and they’re hoping that they caught someone with the lower straight draw.
This is definitely not a sure thing. They could potentially have a busted gutshot draw with a 6/7 or something, and they’ve chosen to pretend that they have the nut straight to scare you off. Most people aren’t brilliant actors under pressure, however, so deciding whether they are trying to mislead you is a far simpler proposition than attempting to guess their random cards offhand.
One more thing about this example – they’ve been representing hitting the nut straight. You can put that hypothesis to the test! A second queen dropped on the river. If they have hit the nut straight, they’ll know that someone who had two pair going into the river – queens over X – will just have hit a full house on the river. That beats their straight.
If you come back over the top and they falter, that’s more evidence that they were on that straight draw. You may even be able to represent a late full house aggressively and scare them away altogether even.
Thinking Strategy
Like anything in poker, there’s a difference between understanding tells and applying tells. It takes practice to make the observations necessary to draw valuable information from tells, and even more practice to establish the discipline to know when and when not to act on likely assumptions about another player’s behavior.
Start to put your skills to the test. As you watch the behaviors of your opponents you’ll get better and better at it. You don’t need a poker club or casino to go to… you can start working on playing off of player behavior on Sweep It Poker today for free! See how your opponents react to different situations, and start to think about why when their behavior changes.
Stay tuned for more deep dives. Keep practicing your ability to read people as you’re out there thinking poker!
Welcome back to another DevSpeak, where we decode the often confusing language of developers in a way that you can understand. Speaking of decoding, today we’re diving into a concept that is entirely ubiquitous in the web3 world… but not often understood. Today we’re diving into encryption!
If you’ve heard the term but are unsure what it really means, you’re not alone. Let’s break down what people mean when they say “encryption” and explore why it’s crucial for your digital safety.
Encryption, Defined
Encryption is a method of converting plain, readable information into a coded format that only authorized parties can decipher. If bad actors intercept your data, it’s gibberish to them without the proper cipher. Security measures use complex algorithms to ensure reliable encryption of information.
This isn’t just a process computers can do – you’ve probably encountered the idea of ciphers and code before in entertainment or history even if you don’t have super secret coded messages to send around.
You use a set of rules to replace each letter with another symbol or letter. To anyone who doesn’t know the code, the message looks like a jumble of symbols. But if you have the cipher, you can easily decode the message and read it as it was originally written. That’s the essence of encryption.
Remember these puzzles from newspapers? Classic encryption problems!
This is an old, old practice. In fact, one of the most classic examples of this is Cesarian Code, a method reportedly used by Julius Cesar to send coded messages to his legions.
In this method, you move each letter back three positions in the alphabet, revealing the true letters. While this method is obviously not secure after kicking around for 2100 years, there are many variations that are still used in manual ciphers today.
When the Fuzzles were lost in the wormhole in 2022, they used a slightly modified version of the Cesarian cipher to communicate with Earth! For extra security and interplanar transmission strength, they altered the amount of position offset and converted the entire message to binary.
Why Encryption
So, why is encryption so important? The primary reason is privacy and security. Every time you send an email, make an online purchase, or log into your bank account, your personal information is transmitted over the internet. Without encryption, this data could be intercepted and read by cybercriminals, leading to identity theft, financial loss, or other serious breaches of privacy.
Consider that when you shop online, for instance, you’re entering sensitive details like your credit card number and home address – that info is being sent from your computer to a server somewhere else, then probably to a datacenter in an entirely different location! If the website you’re using doesn’t employ encryption, those details could be easily stolen by someone who’s able to intercept the data transmission. Encryption ensures that even if someone tries to steal your information, it’s unreadable without the decryption key.
Encryption also plays a crucial role in securing communications between individuals and organizations. When you use messaging apps or email services that offer end-to-end encryption, only you and the intended recipients can read your messages – they aren’t accessible by any other party during transmission. This makes sure there’s confidentiality in conversations.
Not All Encryption is Equal
It’s important to know that not all encryption is created equal. In the most basic sense, there are two main types of encryption. Their effectiveness can vary based on how they’re implemented.
Symmetric Encryption: This method uses the same key for both encrypting and decrypting information. It’s like having a single key to lock and unlock a diary. It’s fast and efficient, but the main challenge is securely sharing the key between parties. If the key is intercepted, the encryption is useless.
Asymmetric Encryption: This method uses a pair of keys—a public key and a private key. The public key encrypts the information, while the private key decrypts it. This approach is like having a public lock that anyone can use to securely send you a message, but only you have the private key to unlock it. This method enhances security, especially in scenarios where secure key exchange is challenging.
Sound familiar? We dove into the details of symmetric vs asymmetric encryption in our second article in The Guardian Papers!
While encryption is a powerful tool, it’s not foolproof. The security of encrypted data depends on the strength of the encryption method, the management of encryption keys and the overall security practices you use to protect your data.
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In a world where our personal and professional lives are increasingly dependent on digital security, a basic understanding of encryption is more important than ever. Encryption is constantly protecting your activity every day!
Uh oh, did we leave the heading encrypted? Your first test begins!
The details of how encryption works can be complicated in practice, but the basic why and how of this practice are easy to understand. It’s about safeguarding your privacy and ensuring that only you and those you choose to share your information with can access your data.
Hopefully this DevSpeak gave you enough insight to not be totally lost the next time you go out on the town with your techy friends. We know that not everyone is or will be a tech expert, but understanding the basics of these concepts is important to not only use technology to its full potential, but also prepare you for the next wave of advancements!
Let’s all be ready for the world of tomorrow together!
You need more to survive out there than just grit and strength. You need heart.
Today we’re proud to welcome back a hero who has plenty of compassion to go around, along with the ability to look at life in the apocalypse with a fresh eye. Anyone who watched him grow up in AMC’s The Walking Dead knows that Carl’s bravery and determination were the backbone of his family and the survivors around him. Now you can bring that unique strength to your empire!
Sale Details
This sale takes place on Friday, August 23rd at 7am PT. Carl Hero Cards will follow a tiered pricing structure based on the remaining supply, with Common Hero Cards staying at one low price throughout the sale.
This sale is not time limited, and Carl will remain available in The Walking Dead: Empires Store until the supply is exhausted or it is removed to make room for new heroes in the future.
Like our other direct Hero Card sales, Carl cards purchased in this sale will fulfill directly to GalaChain and be usable in the game right away!
Survival at Any Cost
A weekend Walker Wipeout is coming. Are you ready for the challenge? Have you scavenged enough this week to climb the leaderboard?
Carl will arrive for direct purchase tomorrow. Will you welcome him and see how great your empire could be?
