Gala Games, which develops and offers blockchain-based games, was listed on Binance on the 13th of this month with its own token GALA.
At the time of listing, it reached a record high (ATH) of $0.136 in less than 30 minutes of its listing and rose by 150%, becoming a hot topic amongst traders. At the time of writing, it was trading at $0.084.
“Gala Token (GALA)”, a unique cryptocurrency issued by Gala Games, was listed on several popular exchanges such as HitBTC, Poloniex, and OKEx earlier this month. Currently, there are over 19 crypto exchanges where users can purchase GALA tokens.
GALA tokens act as the utility tokens used to purchase in-game items. The tokens can be earned by operating nodes.
The maximum total supply of GALA is 35 billion tokens, with about 7 billion in circulation currently. 17,123,286 GALA are issued every day at around 08:00 AM UTC. Half of the tokens issued go to the founder’s node operators, while the other half goes to the Gala Games conservatorship.
Similar to several cryptocurrencies such as Bitcoin, Gala games also conducts a halving event every July where the distribution amount of GALA is halved each year.
Binance currently offers three trading pairs to users who want to trade GALA: GALA/USDT, GALA/BUSD, and GALA/BTC.