GALA to USD is one shorthand method for describing the pairing of two currencies, the token of Gala Games (GALA) and the US dollar (USD). Other variations of the pair exist, using the two ticker symbols, such as GALA/USD. GALA tokens are the native cryptocurrency of Gala Games, a blockchain and NFT-based gaming network that was founded in 2019. Unlike some play-to-earn (p2e) NFT games, such as Axie Infinity, Gala is not focused on a single title. It is a community of players and collectors spread out over a series of games on the platform. As with Decentraland (MANA) and Axie Infinity (AXS), GALA tokens are integral to the Gala Games ecosystem. GALA is a utility token used to purchase items and rewarded for running nodes on the network. In addition, GALA is one of a number of exciting gaming-based cryptocurrency tokens available to invest in on eToroX. You can buy and sell GALA-USD here with low fees, generous credit lines and complete support from our in-house team of cryptocurrency trading experts.
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Gala Games was founded in 2019 by Eric Schiermeyer, a gaming entrepreneur who found success as a co-founder of Zynga (the maker of hits like Farmville). Schiermeyer stepped away from Zynga to become involved in other projects before founding Gala Games. One of the main selling points of the platform is “blockchain games you’ll actually want to play,” implying that p2e games are often rudimentary in terms of gameplay. Whether that’s true or not is a matter of debate, but Gala Games has established a large community (over 1.3 million monthly active users) who play games on the platform. Important titles released by Gala Games include Walking Dead Empires and Town Crush. There’s a focus on NFT collectables on the platform, which are bought and sold for GALA tokens, as well as Ethereum (ETH) or Basic Attention Token (BAT). GALA is also used as a rewards mechanism on the Gala Games platform, particularly for those who operate nodes on the network. While Gala Games is a company with a central structure (Schiermeyer is CEO), much of the ethos is democratic. Discord – arguably the messaging app of choice among the crypto community – is used to confer with players over the development of games and ideas on the platform.
In terms of tokenomics, GALA has one of the biggest max supplies of any cryptocurrency – 50 billion GALA tokens. Around 17 million tokens (almost as much as Bitcoin’s max supply) are distributed daily, and such supply inflation is always going to have an impact on the GALA USD price. Around 7 billion GALA tokens are currently in circulation, which represents around 14% of the max supply. The all-time high (current as of the time of writing in mid-May 2022) for GALA coin to USD was recorded on 26th November 2021, when GALA to USD was trading at, though under a dollar, $0.8367. The all-time low for GALA was $0.000151, which was recorded in December 2020. Ready to buy GALA coin with USD? Use the eToroX exchange to trade with low fees and expert trading tools, getting the maximum out of your cryptoasset investments.
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