Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.
On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.
By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.
The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.
Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com
## What is $GALA?
$GALA is the official ecosystem token of Gala, serving primarily as a utility and gas token for transactions on the blockchain.
Gala never executed an ICO or other initial issuance event for the $GALA token. Instead, new $GALA entering the circulating supply is issued exclusively to Founder’s Node operators as rewards for powering the decentralized ecosystem.
More in-depth information on the $GALA token and the greater Gala ecosystem can be found in the Gala Ecosystem Blueprint (PDF).
GALA is the native token of the Gala Games ecosystem, designed to support the economy of games and virtual worlds. As an in-game currency, players can use GALA to purchase virtual goods, items, and characters, as well as engage in transactions within the game. Additionally, GALA is used for buying and trading NFTs such as digital collectibles and props. Serving as the core token of the ecosystem, GALA will be utilized across various games and virtual worlds on the platform, ensuring true ownership of game assets and transparency in transactions. Holders can participate in community governance voting to determine the future direction of game development and ecosystem growth strategies.
How to Buy GALA
1. How to Buy GALA on Exchanges
Step 1: Choose a reputable exchange platform
Select a trustworthy platform from numerous exchanges to make your purchase. Some trusted platforms include Coinbase, Binance, OKX, among others.
Step 2: Register an account
Create an account on the chosen exchange platform. You may need to provide personal information (such as phone number, email) to complete the registration process.
Step 3: Complete identity verification
For security reasons, some platforms may require you to undergo identity verification. Follow the platform's instructions, providing necessary identity information (such as country/ID number) and undergo facial recognition if prompted. Once your identity is confirmed, you'll receive notification.
Step 4: Link your bank or payment method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing GALA.
Step 5: Purchase GALA
Find the option to buy coins on the exchange platform, select the C2C buying process, then input the amount of cryptocurrency you wish to purchase. Typically, you'll choose to buy USDT first and then proceed with the purchase method. Simply place your order, make payment to the seller, and you'll receive the cryptocurrency. Once the payment is completed, you can use your exchange assets to buy GALA.
Step 6: Store your GALA
After purchase, you can choose to store GALA in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Tips
To protect your exchange account and GALA assets, it's essential to use strong passwords and enable two-factor authentication.
How to Buy GALA via Over-the-Counter (OTC) Trading
Over-the-counter (OTC) GALA trading occurs directly between buyers and sellers, bypassing exchanges or other intermediaries. Here are the general steps for OTC GALA trading:
Step 1: Find an OTC trading channel
Start by finding a reliable OTC trading platform or service provider. These platforms typically offer online marketplaces or ways to connect with brokers for trading.
Step 2: Register an account
Sign up for an account on the chosen OTC trading platform. You may need to provide some personal information (phone/email) to complete the registration process.
Step 3: Complete identity verification
For security purposes, some platforms may require you to undergo identity verification. Follow the platform's instructions to provide necessary identity information (nationality/ID) and undergo facial recognition or other verification steps.
Step 4: Browse the trading list
After logging into your account, browse through the platform's trading list to find GALA trades that interest you. You can choose trades based on the trader's reputation rating, trade volume, price, and payment methods.
Step 5: Select a trading partner
Once you find a suitable trade, click to enter the trading page and carefully review the trader's terms and conditions. Ensure you understand and agree to the trader's requirements, such as trade amount, payment method, trade time, etc.
Step 6: Negotiate trade details
After reaching an agreement with the trader, you can negotiate trade details such as trade amount, payment method, trade time, and location.
Step 7: Make payment
According to the agreement reached with the trader, use the chosen payment method to pay the GALA purchase amount to the seller.
Step 8: Confirm receipt
Once the trader confirms receiving your payment, they will release GALA to the GALA address you provided. You can check your GALA wallet balance after the trade to confirm its success.
3. How to Buy GALA through Decentralized Exchanges (DEX)
Buying GALA on decentralized exchanges (DEX) differs from purchasing other cryptocurrencies on centralized exchanges. Here are the general steps for buying GALA on DEX:
Step 1: Choose a GALA-supporting wallet
Create a new wallet supporting GALA assets, then select a decentralized exchange that supports GALA.
Step 2: Connect your wallet
Before using the DEX, you need to connect a wallet supporting the GALA blockchain. You can connect your wallet to the selected DEX via browser extension or mobile application.
Step 3: Deposit funds
In your wallet, select deposit and choose the asset you want to deposit (such as stablecoins). Follow the wallet prompts to complete the deposit process.
Step 4: Find the trading pair
Search or browse for the GALA trading pair on the DEX. Typically, you can find a search box or a list of trading pairs on the exchange's homepage or trading interface.
Step 5: Place an order
Once you find the GALA trading pair, you can choose between market or limit orders and input the quantity you want to purchase. Ensure you input the correct price and quantity in the order, then confirm the order.
Step 6: Wait for the trade to execute
Your order will be submitted to the GALA blockchain and wait for confirmation and execution by miners. Once the order is executed, you will receive the purchased GALA, which you can view in your wallet balance.
Step 7: Withdraw funds
After completing the trade, you can choose to withdraw the purchased GALA to your wallet for safer storage of your digital assets.
4. Official Channels for GALA Project Team or Community
Sometimes, the GALA project team or community may launch official channels for direct GALA purchases. This may include private placements, presales, or other forms of direct sales.