What is the cryptocurrency Gala (GALA) and why is it in the news today? | Pro IQRA News

Pro IQRA News Updates.

Gala cryptocurrency is gaining attention today as the cryptocurrency is up nearly 2% over the past 24 hours to $0.07862 at the time of writing. Meanwhile, the total volume of the cryptocurrency market increased by 52.32% compared to the previous day and reached 81.81 billion US dollars.

cryptocurrency, Gala crypto, GALA token

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What is Gala (GALA)?

Gala is a blockchain-based gaming platform that aims to transform the gaming industry by giving its players complete ownership and control over their in-game assets.

Its internal token, GALA, is built on the Ethereum blockchain that powers the Gala Games. The token can be used to purchase items, upgrades and other in-game assets and can be used as a control token.

Founded by Eric Schiermeyer in 2019, Castle games is not just a game; instead, it offers a wide variety of different blockchain games that prioritize entertainment and put the blockchain in the background. Here, non-fungible tokens can be produced by players who can trade them both in-game and through other exchanges to earn crypto.

Read: Are you an NFT enthusiast? Know the top 3 NFT markets

In addition, the Gala platform differs from other gaming platforms because the former controls its players regarding the development of the game. This gives its players full control over their in-game purchases.

Related Read: Are Castle Games Different From Others? How did the Gala cryptocurrency go?

Is the castle secured?

The castle platform operates on Ethereum and BSC, i.e. Binance Smart Chain blockchain, and is secured by its own nodes.

These founder nodes in turn validate in-game transactions and secure the network. Moreover, these nodes can also vote on the release of games to the Gala Games platform.

Also read: How Gala Games uses blockchain and what is GALA’s price prediction?

Where to buy GALA token?

The token can be purchased from several cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, Bitrue and Sushiswap and many more.

Gala Games’ Grit will debut on the Epic games store

According to the latest reports, Gala Games and Epic Games have entered into a partnership to publish Grit, a blockchain game, on the latter’s Games Store. Through this, Gala hopes to bring Web3 games to the masses, thereby introducing gamers worldwide to a new genre of entertainment and cementing its leadership position in the growing Web3 games industry.

GALA tokens

Currently, Gala cryptocurrency is in 79th placec in the world in terms of market capitalization. There are approximately 6.98 billion GALA tokens in circulation, with a total supply of 35.24 billion coins.

Bottom line

Investors looking to invest in the volatile and risky world of cryptocurrency should thoroughly study the cryptocurrency of their choice and invest according to their risk appetite.

Risk Disclosure: Cryptocurrency trading involves high risks, including the risk of losing some or all of your investment amount, and may not be suitable for all investors. The prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) can change. Before deciding to trade financial instruments or cryptocurrencies, you should be fully aware of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, experience level and risk appetite, and seek professional advice as necessary. Kalkine Media cannot represent or warrant that any information/information contained herein is accurate, reliable, current, complete, or relevant to your needs. Kalkine Media shall not be liable for any loss or damage resulting from your trading or reliance on information shared on this website.

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