GALA Games — New Points System To Be Introduced As Nodes Hit $26k In Price
Introduction to GALA
GALA games is a decentralized gaming platform that is maintained, operated, and governed by a network of independent nodes. Approximately 36,000 nodes out of a finite supply of 50,000 have been sold.
The vision of GALA Games can be set out below.
- Decentralisation. The platform aims to be decentralised and controlled in a democratic fashion by the network of nodes, who vote on the direction of the platform, along with being the ones who are rewarded for the success of the gaming platform.
- Games developed on the platform will always have both a “free to play” and a “play to earn” element. In addition, each game will have its own eco system and in game currency, which will allow gamers to invest in a real-life economy.
- True ownership. Everything that a player buys, finds, or wins in game will truly belong to that player. This is achieved using NFTs (non-fungible tokens) and an agnostic approach to blockchain. To delve into the latter point: GALA games currently runs on Ethereum but will be launching its’ own chain — “GALA chain” and will also be integrating with the upcoming Flare Networks blockchain. This will give gamers multiple options on where they would like to store their in-game items (NFTs). I am also suspecting that GALA Games will integrate with additional blockchains to further increase a gamer’s choice and freedom.
- Vast number of Games. Currently there are five games officially lined up for deployment onto the GALA Games platform, however the long-term view is that the platform will be host to hundreds of games covering multiple genres targeting all types of gamers.
Current Rewards System Vs New Rewards System
Currently node owners are rewarded in the cryptocurrency $GALA providing their node is online for 6 hours during a 24-hour period. The daily reward of $GALA has been oscillating at around 400–450 GALA which equates to circa $40 per day/$1,200 per month. In addition, node owners are also rewarded $GALA if someone they refer purchases a node. However, earlier this week, GALA announced that there will be an upcoming vote regarding the current reward system. Before we tackle the new reward system, let us take a look at the current system.
Current GALA Distribution