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

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.
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

Total Supply:
The total supply of GALA coins is capped at 35,245,000,000 tokens.
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.
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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