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Gala market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price. Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
While everyone is sitting at home on a Sunday morning watching the world go to shit, remember that if you were a Founder's Node Operator in May of 2024, you may qualify for 1-1 Helix Nodes for your $GALA Founder's Node Operation during that month.
Helix Games
Are you underwater on your $GALA node? If you were running a Gala Founder's Node for at least 80% of May 2024, you can claim Helix Nodes at a 1/1 ratio at . Connect your wallet and click on "Claim"!
Limited time only, so hurry up!
Web3 gaming isn't dead!
1.25K
4
Jason Brink aka BitBender
If you are interested in #web3 gaming, you should absolutely follow @BizDevDad, the CEO of @PlayHelixGames.
Patrick is the former VP of Games from $GALA and is largely responsible for the catalog of titles that they had lined up at one point in time. Unfortunately, a lot of that didn't pan out (no fault of his...mostly market conditions), but this is a totally different approach. Check it out!
10.47K
0
Gala Games
☀️ Summer’s here—so is the Vexi Beach Party leaderboard!
🥇 450 winning spots | 🚀 Bigger GALA rewards!
🏄♂️ Power up with Sunny Wade + Beach Resort
❗️ UK players are eligible
#VEXI #BeachParty
28.61K
2.47K
BabyDoge News
Which of this #Crypto Coin are You HOLDING To become a BILLIONAIRE:
1. #PetsLuvFun
2. $ETH
3. $ping
4. #DroverInu
5. $SUI
6. $BTC
7. $LINK
8. $SFUND
9. $AAVE
10. $Mee
11. #BABYDOGE
12. $SUPER
13. $RUNE
14. $GALA
15. $AKT
16. $TAO
17. $KAS
18. $sol
19. $CGPT
20. $NEAR
51.7K
24
Danielle Fong 🔆
"vibegala, is that that crypto thing, with trump?"
"no no that's bribegala. different gala"
The current price of Gala is $0.011970. Over the last 24 hours, Gala has decreased by -11.40%. It currently has a circulating supply of 44,985,838,671 GALA and a maximum supply of 50,000,000,000 GALA, giving it a fully diluted market cap of $534.88M. At present, Gala holds the 0 position in market cap rankings. The Gala/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Gala Games is a blockchain gaming platform allowing developers to use the protocol's toolkit to create their own games. Each game needs to be approved by the community, making it a decentralized process. Moreover, community members who run nodes also get voting rights for decisions that affect the network's future. GALA is the name and ticker of the Gala Games' native ERC-20 token.
The Gala Games ecosystem is decentralized and run by Founder's nodes. Two other nodes, paid and free nodes, will be added to the Gala ecosystem when the Gala sidechain goes live. Gala Games relies on three consensus mechanisms to power these nodes: Proof of Work (PoW), Proof of Stake (PoS), and Proof of Storage.
The Founder's node runs the PoW mechanism and receives rewards using a lightweight protocol. The paid nodes will operate on the PoS consensus protocol and provide support to games launched on the Gala ecosystem. On the other hand, the free nodes will run a storage mechanism, eliminating the need for centralized hosting and increasing the decentralization of the Gala network.
GALA is the in-game currency that runs the entire gaming platform. Players can buy and trade NFTs from the Gala store using GALA. The tokens are also used to incentivize node operators and help with network governance.
GALA price and tokenomics
GALA has a total supply of approximately 50 billion. GALA tokens cannot be purchased directly from GALA Games, and there was no initial coin offering (ICO) for GALA tokens. Instead, GALA tokens are distributed daily to Founder's nodes and users who refer people to purchase these nodes.
The distribution cycle of GALA tokens starts on July 21 of a year and ends on July 20 the following year. After each distribution cycle, the supply of GALA tokens halves, making the token deflationary. GALA charts depend on the number of active players on their platform and the quality of new games launched using their toolkit.
About the founders
Gala Games was founded by Eric Schiermeyer, Wright Thurston, and Michael McCarthy.
Before creating Gala Games, Schiermeyer co-founded Zynga, a leading social game development company that created popular games such as FarmVille, Zynga Poker, and Word with Friends.
McCarthy, the second co-founder, previously worked as the creative director at Zynga and is credited for creating the popular game FarmVille. Thurston is the Chief Blockchain Officer at Gala Games. He has several patents on blockchain technology.
Gala Games has partnered with Brave, Mazer Gaming, Bitrue, Flare, and Polygon.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 16K new posts about Gala, driven by 9.7K contributors, and total online engagement reached 29M social interactions. The sentiment score for Gala currently stands at 81%. Compared to all cryptocurrencies, post volume for Gala currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Gala.
Powered by LunarCrush
Posts
16,339
Contributors
9,741
Interactions
28,635,541
Sentiment
81%
Volume rank
--
X
Posts
7,883
Interactions
1,094,413
Sentiment
84%
Gala FAQ
What is Gala?
Gala Games is a gaming ecosystem of NFT-based games powered by the protocol's toolkit. The games have a play-to-earn (P2E) model to incentivize players with in-game tokens as rewards. Gala Games has a distributed voting mechanism. Founder's node owners can vote on which games should be added to the Gala ecosystem. Gala also has an in-built NFT marketplace for players to trade their NFTs for GALA tokens or other cryptocurrencies.
GALA is the name and ticker of the native ERC-20 token of the platform.
How does Gala work?
Gala Games works on a hybrid consensus mechanism that uses a three-tier node system. The consensus mechanisms include Proof of Work, Proof of Stake, and Proof of Storage. Top tier nodes are called Founder's nodes, and there can only be 50,000. These nodes use the PoW mechanism and receive full ownership of in-game NFTs.
Paid and free nodes will be added to the ecosystem once the Gala sidechain goes live. Paid nodes will operate on Proof of Stake mechanism and provide infrastructure for specific games on the Gala network. Free nodes support Founder's and paid nodes, and work on the PoS protocol.
Where can I buy GALA?
Easily buy GALA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include GALA/USDT and GALA/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into GALA, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Gala worth today?
Currently, one Gala is worth $0.011970. For answers and insight into Gala's price action, you're in the right place. Explore the latest Gala charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Gala, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Gala have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Gala
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-06-14
End of the period to which the disclosure relates
2025-06-14
Energy report
Energy consumption
1187.08330 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation.
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