Steps to introduce a new compensation model
Gala Games’ popular P&E game “Town Star” announced on the 14th that it is now possible to exchange the in-game utility token “TOWN” for the crypto asset (virtual currency) “GALA” issued by Gala.
On January 10th, Gala Games declared the end of TOWN’s function as a reward token. For a limited time, we have prepared a TOWN and GALA exchange program and announced it at the same time, and this time, the details have become clear.
connection:Gala Games Announces Buyback of Cryptocurrency TOWN
According to the official announcement, the exchange rate is set to 1.25 TOWN = 1 GALA, and TOWN holders can exchange to GALA for 180 days (GALA to TOWN cannot be exchanged). In order to exchange it, it is necessary to mint the TOWN held in the game, and it is premised on having a Gala Games account. (You can create an account on Gala.com)
After the exchange period ends, TOWN will no longer be useful and will be delisted from all exchanges.
GALA token
Gala Games has developed its own L1 blockchain “GYRI (tentative name)”, which has already been used in the massively multiplayer online battle game “Spider Tanks”. GALA is an ecosystem-wide utility token, acting as a “gas token” for trading on the chain, similar to ETH on Ethereum.
In the 2023 business strategy announced last month, Gala Games will further develop GYRI, launch Blockchain Explorer, game titles such as Town Star, and use GYRI chain in the entertainment field such as music and movies. are planning
In the second half of this year, we plan to add game titles that use GYRI and introduce a P2P marketplace. For developers, a bug bounty program and toolkit release are also planned.
Updates to the GALA token are also planned to improve the long-term sustainability of node operations through changes in lockups, burns, usage methods, and more.
connection:Web3 Platform Gala Reveals Business Strategy for 2023
Bitbank, a domestic virtual currency exchange, announced on the 3rd that GALA will be newly handled. It was the first public listing in Japan.
connection:Three stocks including Bitbank and GALA to be newly listed
Massive update for Townstar
Town Star is a farming and town-building simulation game representing Gala Games. It gained popularity with a mechanism in which players competed to see how they could develop their farms within a limited amount of land and time.
Townstar’s major upgrade is set to take place “in the coming weeks,” but the most notable will be the game engine transition.
The new version of Townstar “Townstar Forever (TSF)” is based on a game engine called “GODOT”. By using this server authority game engine, countermeasures against cheating such as hacking are strengthened. In addition, the game can be played even when the long-awaited browser is closed.
In addition, a new economic model will be introduced and the profit function, which has been frozen since July last year, will be restored. By bridging existing game items (NFTs) to Gala’s own blockchain, NFTs can be upgraded.
In addition, various new functions such as a new decoration system that allows you to customize the appearance of the town and enhancement of the competition are said to be prepared.
Please note that the new version is still in active development and may be removed or heavily tweaked before release.
connection:Gala Games’ P&E farm game ‘Townstar’ looks to long-term development, painful reform
