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Yesterday Binance listed the cryptocurrency GALA . The news quickly filtered throughout the community and consequently the price of GALA rose a whopping 150% in a matter of hours, from $0.02 to $0.05 smashing its’ previous all time high. There was a further upshot to just under $0.08 upon the launch of the coin on the world’s largest crypto exchange, Binance. At present, the coin is trading at around $0.06.
What is GALA
GALA games was set up by Eric Schiermeyer, who already boasts an impressive track record as he was the co-founder of Zynga, a multi billion dollar company. GALA is a new type of gaming platform that aims to be fully owned and operated by its’ players through the power of decentralised nodes. The gaming platform aims to achieve three main goals;
1. Games developed on the platform will always be free to play.
2. The platform aims to be decentralised and controlled in a democratic fashion by the node holders, who will be expected to vote on the direction of the platform, along with being the ones who are rewarded for the success of the gaming platform (more on this a little later).
3. Anything that a player earns, wins or finds in a GALA game will truly belong to that player. Imagine finding a super rare sword in a game of Zelda and then having the ability to actually sell it on an open marketplace? This is a revolutionary step in the gaming world where players can truly monetise their in game play for real $$$.
