How to Exchange Gala (ERC20) (GALA)
Exchange GALA instantly
Swap Gala (ERC20) (GALA) in a few clicks on Exchang.io.
Registration and limits free service.
Historical Price Chart
Gala (ERC20) Current Market Data
Name | Gala (ERC20) |
---|---|
Price | $0.02 |
Price Change 24h | -0.73% |
Price Change 7d | -2.09% |
Price Change 30d | -26.93% |
Price Change 60d | -12.47% |
Market Cap | $636,561,455.33 |
Circulating Supply | 27,799,861,148.42 GALA |
Volume 24h | $39,137,776.16 |
How to Exchange Gala (ERC20) in Just a Few Straightforward Steps
If you are looking to GALA exchange, you are in the right place. Swap Gala (ERC20) in a matter of minutes using Exchang.io crypto exchange. Just adhere to these 4 simple steps.
Benefits of Exchanging GALA on Exchang.io
Simple
We make sure not to overload our website with unnecessary elements. Only the things you need for smooth Gala (ERC20) conversions.Simple and clear.
Secure
Exchang.io is a safest place to exchange GALA. Get GALA anonymously, without KYC and registration.In touch
Write to us in any unclear situation with GALA swaps. Our support team is happy to help you 24/7.Fast
We are constantly upgrading our platform to make Gala (ERC20) exchanges really fast. The average speed for the swap is about 5-15 minutes.Popular Gala (ERC20) trading pairs
Here are some popular GALA trading pairs. You can buy GALA with every listed coin on Exchang.io.
How Much Gala (ERC20) Can I Exchange on Exchang.io?
Exchanging Gala (ERC20) on Exchang.io is unlimited. You can start swapping GALA right now starting from the lower limit of ≈ $3.
There are no upper limits for Gala (ERC20) exchanges at Exchang.io. Exchange Gala (ERC20) with other cryptocurrencies from the list of over 700 coins as much as you want to.
Cross-chain exchanges are available; just choose any coin on any network and click the Exchange button, and we'll do the rest for you
Why exchange Gala (ERC20)?
Things you will be able to do with exchanged GALA:
You could use your Gala (ERC20) cryptocurrency to purchase goods and services from merchants who accept it as a form of payment. As an ERC20 token, Gala can be stored in many different wallets that support the Ethereum ecosystem, making it easily transferable between users.
Another use for your Gala would be to trade it on cryptocurrency exchanges for other cryptocurrencies or fiat currencies like USD or EUR. This allows you to take advantage of price fluctuations in the market and potentially profit from them.
Gala tokens can also be used to participate in decentralized applications (dApps) built on the Ethereum network, such as gaming or betting platforms. These dApps often require the use of specific tokens to access their features, so owning Gala may give you access to these platforms.
Finally, you can hold onto your Gala tokens as a long-term investment, hoping that the value of the token will increase over time. If the Gala project is successful and gains wider adoption, the demand for the token could increase, leading to potential price appreciation.
What is Gala (ERC20)?
Gala is an ERC-20 token that operates on the Ethereum blockchain. It serves as a utility token for the Gala Games ecosystem, which provides a platform for creating, playing, and trading blockchain-based games. The Gala token can be used to purchase in-game items, participate in governance decisions, and earn rewards through staking.
One of the unique features of Gala is its "Proof-of-Stake Voting" mechanism, which allows token holders to stake their tokens and vote on proposals related to the development of the Gala Games ecosystem. This gives users a greater say in the future direction of the platform and encourages community participation.
Another notable aspect of the Gala token is its scarcity. There will only ever be 888 million Gala tokens in existence, with no additional tokens created over time. This limited supply ensures that the token retains its value and creates a sense of exclusivity for those who hold it.
The Gala Games ecosystem includes a number of blockchain-based games, including Town Star, Fortified, and Mirandus. These games allow players to earn Gala tokens through gameplay and participate in the Gala Games community. Additionally, game developers can create and monetize their own games on the platform using the Gala token.
Gala has seen significant price fluctuations since its launch in September 2020, reaching an all-time high of $0.41 in May 2021 before experiencing a significant drop in value. However, the Gala Games team remains committed to developing the platform and expanding its user base, which could potentially drive up the value of the token over time.
In addition to its use within the Gala Games ecosystem, the Gala token can also be traded on a number of cryptocurrency exchanges, including Binance, BitMax, and KuCoin. This provides users with liquidity and the ability to easily buy and sell the token as needed.
As with any cryptocurrency, there are risks associated with buying and holding Gala tokens. The value of the token can be volatile and influenced by a variety of factors, including market conditions, platform development updates, and wider cryptocurrency trends. It is important for users to conduct their own research and carefully consider the risks before investing.
That said, the Gala Games team has been actively working to improve the platform and increase adoption of the Gala token. In June 2021, they announced a partnership with Polygon (formerly Matic Network) to provide faster and cheaper transactions for users. This could potentially make the platform more accessible to a wider range of users and drive up demand for the token.
The Gala Games team has also made efforts to engage with the community and keep them informed about platform updates and developments. They regularly host AMA (Ask Me Anything) sessions on social media platforms and release blog posts and newsletters to keep users up-to-date.
Overall, the Gala token serves as a key component of the Gala Games ecosystem, providing a way for users to participate in governance, earn rewards through staking, and purchase in-game items. While there are risks associated with investing in any cryptocurrency, the team behind Gala Games appears to be dedicated to developing the platform and expanding its user base, which could potentially drive up the value of the token over time.
Brief History of Gala (ERC20)
Gala (ERC20) (GALA) is a cryptocurrency that was launched in 2018 by the blockchain-based gaming company, Gala Games. The coin was created to serve as a utility token within the Gala Games ecosystem, allowing users to purchase in-game items and participate in various events.
Gala Games was founded by Eric Schiermeyer, who was also one of the co-founders of Zynga, a popular gaming company known for its games like FarmVille and Words With Friends. Schiermeyer saw an opportunity to combine blockchain technology with gaming, creating a decentralized, community-driven gaming platform.
The Gala Games platform is designed to allow players to own their in-game assets and earn cryptocurrency rewards for participating in tournaments, completing missions, and other activities. The platform also allows developers to create and publish their own games using Gala's blockchain infrastructure.
The Gala (ERC20) (GALA) token was created to facilitate transactions within the Gala Games ecosystem. Initially, the token was distributed through a private sale and an initial exchange offering on the BitMax exchange. The sale raised a total of $5.2 million, with the token selling for $0.02 per unit.
After the initial sale, the Gala (ERC20) (GALA) token was listed on several major exchanges, including Binance, KuCoin, and OKEx. The token's price peaked at around $0.25 in April 2021 before experiencing a sharp drop along with the broader cryptocurrency market later in the year.
In addition to serving as a utility token within the Gala Games ecosystem, the Gala (ERC20) (GALA) token has also been used to fundraise for various charitable causes. For example, in May 2021, the Gala Games team organized a fundraiser to donate proceeds from the sale of certain in-game items to aid victims of the COVID-19 pandemic in India.
The Gala (ERC20) (GALA) token has also been used to incentivize users to participate in various events and promotions on the Gala Games platform. For example, users who participated in the platform's Easter Egg Hunt event in April 2021 were rewarded with GALA tokens.
The Gala Games team has announced plans to expand the platform and integrate more games and features in the coming years. These developments are expected to increase adoption of the Gala (ERC20) (GALA) token and potentially drive up its value.
However, the use of cryptocurrency in gaming has sparked debate among regulators and industry experts. Some have expressed concerns over the potential for cryptocurrencies like GALA to be used for illicit activities, while others have praised the potential benefits of blockchain-based gaming.
Overall, the history of the Gala (ERC20) (GALA) cryptocurrency is closely tied to the development and growth of the Gala Games platform. As the platform continues to evolve and expand, it remains to be seen how the value and utility of the GALA token will be affected.
Gala (ERC20) Key Advantages and Unique Features
The Gala (ERC20) cryptocurrency is a digital asset built on the Ethereum blockchain technology that offers a unique set of features and benefits to its users. The Gala token is designed to be used within the Gala Games ecosystem, an online gaming platform that allows players to earn crypto rewards by playing games.
One of the key advantages of Gala is its utility within the Gala Games platform. Players can use Gala tokens to purchase in-game items, participate in tournaments, and earn rewards for their gameplay. This creates a strong incentive for gamers to acquire and hold Gala tokens, driving demand and increasing their value over time.
Another unique feature of Gala is its deflationary supply mechanism. Unlike many other cryptocurrencies that have a fixed or inflationary supply, Gala's total supply decreases over time as tokens are burned or destroyed through various mechanisms. This helps to limit inflation and maintain the scarcity of the token, which can contribute to its long-term value growth.
The Gala token also benefits from strong community support and active developer involvement. The Gala team regularly updates the platform and token with new features and improvements, while engaging with the community to gather feedback and insights. This fosters a sense of trust and transparency that can help to incentivize adoption and investment.
Additionally, the Gala Games platform provides a secure and transparent environment for gamers to play and interact with each other. The use of blockchain technology ensures that all transactions and gameplay data are recorded immutably and transparently, reducing the risk of fraud or cheating.
Another advantage of Gala is its potential for integration with other decentralized finance (DeFi) applications and platforms. As an ERC20 token, Gala can be easily traded and utilized within various DeFi protocols, such as decentralized exchanges, lending platforms, and liquidity pools. This expands the potential use cases and demand for the token beyond just the gaming industry.
In terms of scalability, the Ethereum network has faced challenges in handling high transaction volumes and congestion, leading to high fees and slower confirmation times. However, the Gala team has taken steps to address these issues by implementing layer-2 solutions such as Polygon, which can significantly improve transaction throughput and reduce costs.
Furthermore, the Gala token benefits from a strong security framework built on the Ethereum blockchain's robust infrastructure. The use of smart contracts ensures that transactions are executed automatically and transparently, reducing the risk of human error or fraud. Additionally, the Ethereum ecosystem has a large community of developers and auditors who can help to identify and mitigate potential vulnerabilities.
Another unique aspect of Gala is its focus on creating a community-driven platform that empowers users to have an active role in shaping its development. This approach not only encourages greater engagement and loyalty among users but also helps to foster innovation and creativity within the gaming industry.
The Gala Games platform also offers various incentives and rewards for users who hold and use Gala tokens. For example, users who stake their tokens can earn additional rewards, while early adopters may be eligible for special bonuses or access to exclusive content. These features can provide added value and encourage long-term retention and investment.
One potential drawback of Gala is its exposure to market volatility and fluctuation. Like all cryptocurrencies, the value of Gala can vary significantly based on market conditions, investor sentiment, and other factors. This can create uncertainty and risk for investors and users.
Despite this, the Gala team has worked to establish partnerships and collaborations with various game developers, influencers, and industry players, helping to increase exposure and adoption of the platform. These efforts could contribute to a more stable and sustainable growth trajectory for the token over time.
In summary, the Gala (ERC20) cryptocurrency offers a unique set of features and benefits to users, particularly within the gaming industry. Its utility within the Gala Games platform, deflationary supply mechanism, strong community support, and potential for DeFi integration all contribute to its value proposition. However, market volatility and scalability challenges remain potential risks to consider.
10 Facts About Gala (ERC20)
Gala is an ERC-20 cryptocurrency designed for the gaming industry. It was created to provide a decentralized ecosystem for game developers and players alike.
The Gala Network, which supports the Gala cryptocurrency, aims to provide scalable infrastructure that can handle high transaction volumes with low fees.
The team behind Gala consists of experienced professionals from the gaming industry including executives from companies like Atari and Zynga.
One of the main features of the Gala Network is its ability to support cross-chain transactions, allowing users to move their assets between different blockchain networks.
Gala has partnered with several gaming companies such as Bitkraft Esports Ventures and Sandbox Game to integrate Gala into their platforms.
The total supply of Gala tokens is fixed at 35 billion, with about 14 billion currently in circulation.
Gala uses a Proof-of-Stake consensus algorithm, which allows token holders to participate in network validation and earn rewards for doing so.
The Gala Foundation, which oversees the development of the Gala Network, has set aside a portion of the token supply for ecosystem development and marketing efforts.
The Gala Network is built on top of Ethereum, which provides a secure and battle-tested foundation for the platform.
Gala has gained traction in the gaming industry due to its focus on providing a decentralized infrastructure that can benefit both game developers and players, as well as its partnerships with various gaming companies.
What is the Best Place to Exchange GALA?
Via Exchang.io service you can effortlessly swap Gala (ERC20) for over 700+ different assets. Begin by selecting GALA and your desired coin, paying attention to the network when making your choice. Next, provide the recipient's wallet address for the coin you're swapping to, and press 'Exchange' to continue. Deposit the required amount of GALA to the address displayed on the screen, ensuring you have the necessary amount to finalize the transaction. Once completed, check your wallet to confirm the arrival of your newly acquired coin. Exchang.io makes exchanging Gala (ERC20) simple and convenient, allowing you to enjoy a seamless experience with an extensive selection of coins to choose from.
Do I need to create an account on Exchang.io to swap Gala (ERC20)?
No, you don’t need to provide any personal information or register for an account on Exchang.io. It's a registration-free service that is free from any ID verification requirements. Simply follow the platform's simple steps and purchase Gala (ERC20) with your preferred cryptocurrency.
How long does it take to exchange Gala (ERC20) on Exchang.io?
The exchange process on Exchang.io is typically fast and takes just a few minutes to complete. However, the actual time may vary slightly depending on network traffic and transaction confirmation times.
What is the minimum amount needed to swap Gala on Exchang.io?
There is a minimum amount required for swapping Gala on Exchang.io, although this minimum amount may change over time. We recommend checking the platform for the latest requirements.
Is Exchang.io legit? Why should I trust Exchang.io?
Exchang.io is a legitimate platform run by crypto enthusiasts with over 7 years of experience in the industry. The platform's main goal is to make its service convenient, fast, and as transparent as possible. The team pays close attention to user feedback and reviews to continuously improve its services. You can check out reviews on the Exchang.io website to see what other users are saying.
What are some popular Gala trading pairs?
Some popular Gala trading pairs available on Exchang.io include Gala/BTC, Gala/ETH, Gala/LTC, and Gala/USDT.
Are cross-chain exchanges available for Gala (ERC20)?
Yes, Exchang.io supports cross-chain exchanges for Gala (ERC20). Users can choose any coin on any network, click the 'Exchange' button, and Exchang.io will handle the rest.