Gala Games has taken a courageous step by burning almost 21 billion GALA tokens, valued at over $637 million, following the completion of its V2 token airdrop. This substantial discount in Gala Games’ reserves goals to alleviate worries a few potential “dump and exit” occasion.
Consistent with their 2023 Imaginative and prescient Paper, Gala Games has begun burning their native token, $GALA, in response to the neighborhood’s requests. This initiative is a part of the Gems program designed to help cellular enlargement and strengthen the node ecosystem. They pledged to burn 2 billion $GALA over the yr—an untrackable dedication below their v1 contract, however that is now doable with the arrival of v2.
In an extra stride to solidify their community, Gala Games additionally burned an extra 3,961,582,987 $GALA, equal to their complete $GALA income ever acquired.
Gala Games
Gala Games is turning into a major participant within the play-to-earn gaming business, attracting a lot consideration. Their purpose is to vary our understanding and interplay with on-line video games.
Important parts just like the Gala Games Node, Retailer, and Pockets contribute to an built-in setting that permits gamers to own their digital belongings and achieve rewards.
Notable video games developed with Gala Games embrace Townstar and Spider Tanks.
Dedication to Community
The choice by Gala Games to burn billions of tokens is a noteworthy transfer. Gala Games is doing this to reassure their neighborhood of their dedication to their shared trigger and the long-term viability of their node community.
In doing so, they’ve proactively addressed the looming worry of potential exit scams—a priority widespread within the blockchain business.
Going ahead, Gala Games has set its sights on a promising future. They’ve established a pockets with 2 billion $GALA as a strategic reserve, brazenly labeled on-chain for all to confirm. Protected by a multi-sig pockets, this reserve testifies to Gala Games’ long-term dedication to its neighborhood and dedication to supporting the node community.
In a pioneering act of sustainability, Gala Games pledges to maintain solely on their each day ecosystem rewards, successfully committing to thrive inside their fostered ecosystem. Their goal is obvious—to reinforce the node community in the long term, making certain collaborative progress.
Gala Games, an organization initially based on a dream, has grown into an embodiment of true possession and revolutionary financial fashions. Having spent a number of years laying the groundwork for his or her imaginative and prescient, Gala Games has advanced from a small group on a Zoom name to a world gaming firm boasting roughly 400 staff.
