GALAUSD
Gala / United States dollar
crypto Composite

Gala Games is a play-to-earn game development company building a robust gaming ecosystem that leverages the power of blockchain technology to empower its users. The project exists on both Ethereum and the Binance Smart Chain, but plans to migrate to its own native blockchain in the future. Players are able to truly own their in-game items in the form of NFT's which can be traded on secondary markets. The current state of the Gala ecosystem resides on the Ethereum blockchain. Founder's Nodes are the foundation of the network and can be purchased directly from Gala Games. These nodes currently cost about 287k GALA (~$90k) to purchase and there will only ever be 50,000 of them. Founder's Nodes are responsible for giving players real ownership of their assets and content. In return, these nodes will earn GALA, NFT's, and governance power. GALA received by Founder's Nodes is stored in a treasure chest and the node operators are responsible for paying the gas fees necessary to mint those tokens to the blockchain. This feature was implemented to increase decentralization. The only technical details about Founder's Nodes is that they will implement a "see-saw" algorithm to determine if the network needs processing power or storage, allowing for on-the-fly adaptation. In the future these nodes will power a new native blockchain to solve transaction fees and scalability called GalaChain. GALA will likely be used to pay network fees on this new blockchain. Once the licenses to all 50,000 Founder's Nodes have been sold, Gala will begin sales of game specific nodes which will create a localized network for each game released through Gala to support scalability as more and more games are introduced to the ecosystem. In Town Star, for example, a game specific node would allow a player to run their town without leaving a browser window open. The rewards for these nodes will be limited to the specific game that they are supporting, which means they will never receive GALA or any of the bonuses available to Founder's Nodes. Game specific nodes may even allow for developers to hold a vote on potential changes to their game. Game specific nodes are absolutely necessary for the ecosystem to scale since Founder's Nodes alone would not be capable of supporting thousands of games.