GALA Nodes currently selling at $16k, and the last node will be sold for $100k
On the back of the recent binance listing of the GALA coin, GALA node sales have been sky rocketing with over 500 node sales per day. Consequently, GALA announced a change to the pricing structure of future node in an attempt to slow node sales down and keep growth at a sustainable level.
For those of you who are not clued up on what GALA games is all about, the latter part of this article will hopefully bring you up to speed, but in short, GALA Games is a revolutionary blockchain gaming platform which is powered, governed and supported by decentralised nodes. In exchange for their support to the network, node owners receive passive income in the form of cryptocurrency and NFTs.
Current Node Pricing Structure
Approximately 32,000 GALA nodes have been sold to date out of the finite supply of 50,000 nodes (yes — there will ONLY ever be 50,000 nodes). The current price to acquire a GALA games node stands at $16,000, with a price increase of $100 for every 100 nodes sold, meaning that the last node would have been sold for $33,000.
New Node Pricing structure
From the 1st of October 2021, the price of a node will increase by $500 for every 100 nodes sold. Consequently, the final node (or the 50,000th node) will be sold for a rather eye watering $100,000.
Still with me? Let me give you an example….
Let’s say on the 1st Oct 2021 32,100 nodes have been sold to date and the price of a node is $16,100. This means that node number 32,101–32,200 will now cost $16,600 and nodes 32,201 through to 32,300 will now cost $17,100. Nodes 32,301 through to 32,400 will be sold for $17,600 and so on and so forth.
Let’s Rewind, What Is GALA Games?
GALA games was set up by Eric Schiermeyer back in 2019, a man who already boasts an impressive track record as he is the co-founder of Zynga. 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 will have their own virtual economic eco system and will allow players to monetize their in game play whilst also retaining the “free to play” and “play to earn” gaming models .