GALA Node Price reaches $18k, Final node will be sold for $95k & GALA chain is brewing up for launch
I will keep this post relatively short, but I wanted to give a quick update on the price of GALA nodes.
GALA Games and its mission of decentralization
As a short recap, GALA games is a blockchain gaming company that is aiming to create the world’s largest decentralized gaming platform.
To achieve decentralization, the gaming platform will be powered, run, governed and controlled by 50,000 nodes that will be geographically located across all four corners of the globe.
Anyone with a computer can acquire a node and this is key to the goal of decentralization.
How Much Does A Node Cost?
As of today, the cost to acquire a GALA games node stands at a rather hefty $18,000. However for every 100 nodes that are sold, the price will now increase by $500 (prior to the 1st October the price increase was a rather modest $100). This means that the last node (or the 50,000th node) will be sold for a whopping $95k.
Currently, circa 35,000 nodes out of the absolute finite supply of 50,000 nodes have been sold to date, and with daily sales volume of circa 100 nodes, it would not surprise me if the remaining 15,000 nodes are sold before the end of 2021.
What Are Node Operators Expected To Do?
As the platform only consists of one game*, the current requirements for nodes are to simply be online for 6 hours in a 24 hour period. However, once the platform grows, further computational power will be needed as follows;
- 50 GB Disk Space
- 4 GB Ram
- 2 CPU Cores
- 10 Megabit upload network connection
Standard machines maybe able to meet this increased computational demand, however if not, the nodes can be run on a virtual private server (VPS).
*4 more games are officially in the pipeline with launch dates expected Q4 2021 and 2022)
What Are The Rewards For Node Owners?
Currently node owners are receiving the following benefits;
- 400 -500 GALA* per day. As GALA is currently trading at around $0.105 this equates to a reward of $52 per day, or $1,560 per month, or $18,720 on an annual basis…