The live Gala (GALA) price is $0.015072, with a 24 hours Blynex trading volume of 19.73 K. The price of GALA changed by -3.94% in the past 24 hours. With a circulating supply of 35.93B GALA and a maximum supply of 37.95B GALA coins. GALA currently ranks #74 in market cap. You have the option to purchase Gala (GALA) on the Blynex exchange.
Date of Issue: 01.07.2020
Gala (GALA) is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem....
More
Lower Price 0.014824
24H
0.015903 Upper Price
24H Value
19.73 K
Market Cap(USD)
541.47 M
Circulating
35.93 B
Total Supply
37.95 B
Gala (GALA) Live Price Data
Markets
| Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
|---|---|---|---|---|---|---|
GALA/USDT |
$0.015072 | -3.94% | 0.015903 | 0.014824 | 19.29 K | Trade |
About Gala (GALA)
Gala (GALA) is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem. Buying GALA on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Gala (GALA).
What is Gala (GALA)?
Gala is a Web3 ecosystem built on its proprietary layer-1 blockchain, GalaChain, designed to support a diverse range of industries, including gaming, music, film, and more. Initially focused on entertainment through Gala Games, Gala Music, and Gala Film, the platform has expanded its reach by providing developers with tools such as the GalaChain SDK and Creator Portal. These open-source tools simplify the process of creating custom tokens, smart contracts, and reward systems, while also enabling seamless asset bridging across blockchains like Ethereum and Binance Smart Chain. Gala’s ultimate goal is to become the first blockchain to reach 1 billion users, fostering innovation in Web3 technology.
Decentralized Infrastructure with Nodes
At the heart of Gala's ecosystem lies its Founder’s Node network, consisting of 50,000 independent nodes that power the platform while rewarding operators with daily $GALA tokens. Additionally, specialized nodes like Jukebox Nodes for Gala Music and Theater Nodes for Gala Film support project-specific workloads. This multi-node approach enhances the platform’s scalability and decentralization, enabling contributors to earn rewards while maintaining a secure infrastructure. Governance is also decentralized, with $GALA token holders voting on major decisions, ensuring the ecosystem evolves in line with community interests.
$GALA Tokenomics and Sustainability
The $GALA token functions as the utility and governance token within the Gala ecosystem. Unlike many blockchain projects, Gala opted not to conduct an ICO; instead, $GALA tokens are exclusively distributed as rewards to active Founder’s Node operators. A unique tokenomics model sees $GALA burned when used for transactions and purchases, reducing its circulating supply and increasing scarcity over time. This approach underscores Gala’s commitment to long-term value creation and sustainable ecosystem growth, setting it apart from ICO-driven projects.
Leadership and Vision
Gala was founded in 2019 by Eric Schiermeyer, co-founder of Zynga, leveraging his experience in social gaming to drive innovation in Web3 entertainment. With over 350 employees worldwide and a network of external developers, Gala continues to expand its capabilities. Schiermeyer’s leadership, combined with the team’s expertise in gaming and blockchain, has solidified Gala as a leader in decentralized entertainment. Operating out of San Francisco, the organization is focused on empowering creators while addressing the challenges of an ever-evolving blockchain landscape.
Shaping the Future of Web3
From its origins as an entertainment-focused platform, Gala has evolved into a general-purpose blockchain ecosystem with broad applications. Developer-friendly tools, decentralized infrastructure, and innovative tokenomics position Gala as a pioneer in Web3. By fostering partnerships, empowering creators, and navigating regulatory landscapes, Gala is driving the adoption of decentralized technology. With a clear vision for the future, Gala is paving the way for a decentralized, user-empowered internet and setting a benchmark for blockchain scalability and usability.GALA to local currency
- GALA to USD0.0153279310
- GALA to EUR0.0141377970
- GALA to AUD0.0243420350
- GALA to KRW22.538
- GALA to JPY2.288
- GALA to GBP0.012
- GALA to INR1.311
- GALA to CAD0.022
- GALA to AED0.056
- GALA to RUB1.301
GALA to crypto currency
- GALA to BTC0.0000001873
- GALA to ETH0.0000084698
- GALA to USDT0.0153225510
- GALA to BNB0.0000254191
- GALA to SOL0.0001215428
- GALA to XRP0.0072586268
- GALA to ADA0.0233105420
- GALA to TRX0.0655902320
- GALA to LTC0.0001784774
- GALA to TON0.0039363510
Share this Page
