What is Gala coin ?

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Gala Coin, also known as GALA, is a cryptocurrency that was created in 2019 by the Gala Games company. It is based on the Ethereum blockchain and utilizes the ERC-20 token standard. The main purpose of Gala Coin is to act as the native currency within the Gala Games ecosystem, which includes a variety of blockchain-based games and apps.

One of the main features of Gala Coin is its ability to be staked, or locked up in a smart contract, in order to earn rewards. These rewards can be earned by participating in the Gala Games ecosystem and can be used to purchase in-game items or to earn additional Gala Coins through interest. This staking feature is intended to encourage users to hold onto their Gala Coins and to actively participate in the ecosystem, rather than simply using the coin as a speculative investment.

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Gala Games is also notable for its focus on community governance and decentralization. The company has implemented a decentralized autonomous organization (DAO) structure, which allows holders of Gala Coin to vote on important decisions regarding the direction and development of the ecosystem. This allows the community to have a direct say in the future of the platform, rather than having all control centralized with the company.

Gala Coin can be used to purchase in-game items, access premium features, and participate in various promotions and events within the Gala Games ecosystem. It can also be traded on various cryptocurrency exchanges.

Gala Games is a relatively new project and it is still in the early stages of development. However, the company has already released several blockchain-based games and apps, such as “Town Star” and “Cryptovoxels” which have received positive feedback from users. Additionally, the company has announced several partnerships and collaborations with other blockchain projects and companies in the gaming industry.

Overall, Gala Coin is a cryptocurrency that is designed to be used within the Gala Games ecosystem and its main purpose is to reward the users who participate in the ecosystem and use the coin. Its focus on community governance and decentralization sets it apart from many other cryptocurrencies and makes it an interesting project to watch in the future.