What currency is gal?

GAL is the utility token of the Gala Games ecosystem and is used for in-game currency, node rewards, governance and ecosystem development.

What currency is Gal?

GAL, the full name of Gala Games, is a utility token based on the Ethereum blockchain, mainly used in the community-driven game ecosystem Gala Games.

Gala Games Ecosystem

Gala Games is a decentralized gaming platform focused on player ownership and community participation. It uses blockchain technology to give players true ownership of in-game assets such as lands and characters.

Use of GAL Coin

GAL Coin plays the following roles in the Gala Games ecosystem:

• In-game currency: Purchase in-game items and services.
• Node Rewards: Rewards people who run nodes (computers) to help maintain the network.
• Governance: Allows token holders to participate in the decision-making process of the platform, such as adding new games and changing rules.
• Ecosystem Development: Funding the continued development and growth of the Gala Games ecosystem.

Issuance and distribution of GAL coins

The total supply of GAL coins is 50 billion, and the initial circulation is 35 billion. The remaining GAL coins will be gradually released through:

• Node rewards
• Player rewards
• Ecosystem development

Price and market performance

The price of GAL coins is affected by various factors, including community participation , game popularity, and overall cryptocurrency market conditions. Since its launch in March 2021, the price of GAL coin has experienced significant fluctuations.

As of August 2022, GAL coin is trading at approximately $0.05, with a market capitalization of approximately $175 million. It is listed on major cryptocurrency exchanges such as CoinGecko and CoinMarketCap.

As of 18:00 on July 4, 2024, Galxe (GAL) is quoted at $2.211134150195, with a 24-hour trading volume of $27340038.25348. GAL has experienced a minor correction of -1.89128613%, with the price declining over the past 24 hours.

GAL has a circulating supply of 115513331.02565 tokens, a maximum supply of 200 million, a total supply of 115513331.02565 tokens, and a circulating market capitalization of $255415471.03361. This means that GAL accounts for approximately 58% of the total number of tokens in circulation.

GAL’s price action shows that despite recent market volatility, it has remained relatively stable, and its circulating market capitalization indicates that it has a moderate influence in the cryptocurrency market. Investors should pay close attention to GAL's future performance, as potential technical analysis insights could influence its future price movements.

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