What is Gala?The $GALA token is the digital utility token of the Gala Games and Entertainment ecosystem. The goal of introducing $GALA is to provide a convenient and secure method of payment and settlement between participants who interact within the Gala Games and Entertainment ecosystem.
$GALA does not represent any shareholding, participation, right, title, or interest in Gala Games, their respective affiliates, or any other company, enterprise or undertaking.
The $GALA token is transferable between users, who have complete control over how to use it. $GALA exists on several blockchains, such as Ethereum and GYRI. $GALA operates as the network fee in the Project GYRI Blockchain for bridging out to other chains, such as Ethereum.
$GALA is the fuel that runs the Gala Games and Entertainment ecosystem. $GALA is the primary reward mechanism for the Founder's Nodes, which earn $GALA daily as long as they meet the requirements for the Distribution.
Using $GALA, a person can buy NFTs for games like Town Star and purchase licenses for nodes such as Founder's Nodes on the Gala Games store.
What is Gala Games and Entertainment?
Gala Games and Entertainment is an entertainment company focused on pioneering the games, music, and film industries. Gala Games and Entertainment was founded in 2019 by Eric Schiermeyer, one of the co-founders of Zynga.