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Volume(24h): $46.4051B -39.000%
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  • Market Cap: $2.758T 0.330%
  • Volume(24h): $46.4051B -39.000%
  • Fear & Greed Index:
  • Market Cap: $2.758T 0.330%
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What is the issuance and circulation of GALA coins?

Gala Games' Initial Token Offering (ITO) on Binance Launchpad in September 2020 sold 35,245,000 GALA tokens at $0.00165 each, representing 20% of the total token supply.

Oct 28, 2024 at 05:08 am

Issuance of GALA Coins

  1. Initial Token Offering (ITO):
    On September 21, 2020, Gala Games conducted an ITO through the Binance Launchpad platform. A total of 35,245,000 GALA tokens were sold at a price of $0.00165 per token.
  2. Additional Token Issuances:
    Since the ITO, Gala Games has issued additional GALA tokens through various mechanisms, including node rewards, in-game purchases, and staking rewards.

Circulation of GALA Coins

  1. Total Supply:
    The total supply of GALA coins is capped at 35,245,000,000 tokens.
  2. Circulating Supply:
    As of April 15, 2023, the circulating supply of GALA is approximately 6,910,152,003 tokens. This represents around 19.6% of the total supply.
  3. Token Distribution:
    The distribution of GALA coins is as follows:

    • 20% ITO
    • 19% Node rewards
    • 15% Community & Marketing
    • 13% Team & Advisors
    • 12% Ecosystem
    • 11% Staking rewards
    • 10% In-game partnerships

Additional Information

  • GALA coins are used as the native currency within the Gala Games ecosystem. They are used to purchase in-game items, stake for rewards, and participate in governance.
  • Gala Games is a blockchain-based gaming platform that allows users to play games, earn rewards, and own assets within the virtual gaming world.
  • As of April 15, 2023, GALA is currently ranked as the 82nd largest cryptocurrency by market capitalization, with a market cap of approximately $691 million.

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