How to buy Gala (GALA) • Step by Step • Benzinga Crypto

Want to jump straight to the answer? You can buy GALA on Coinbase.

Blockchain gaming has been among the hottest industries in the crypto space, but it is still early in the development of the gaming industry to win.

Gala Games is not a newcomer. It’s been around for over 2 years now, and the price of the GALA utility token has benefited from the surge in popularity of blockchain games. The price of GALA exploded at the end of 2021, increasing by more than 900%.

But is GALA still a good investment? Learn more about Gala now.

What is GALA?

Gala Games is an NFT blockchain gaming platform that creates blockchain games for you to win. Since launching in July 2019, Gala Games has grown to 1.3 million monthly active users, with 26,000 NFTs sold to date. The most expensive DTV was valued at $ 3 million.

The GALA token is the utility token for gala games. It is used to purchase in-game items, make peer-to-peer payments, and reward node operators.

The Gala token started trading in September 2020. Originally built on the Ethereum blockchain, Gala Games recently took advantage of the p.Network bridge to allow the GALA token to also work on the Binance Smart Chain (BSC).

The Gala network is secured by its own set of nodes called Founder’s Nodes. There is a maximum of 50,000 Founder Nodes authorized by Gala Games that validate in-game transactions and help secure the network.

The Gala node ecosystem is a triple proof node system consisting of Proof of Work (POW), Proof of Stake (POS), and Proof of Storage. Gala Games is a decentralized ecosystem with more than 16,000 nodes managed by players around the world.

Brief history of GALA

In September 2020, Gala Games launched the GALA token in an unconventional way. There was no ICO (Initial Coin Offering) and you could not buy the token directly from Gala Games.

Instead, the token was to be earned by running a Founder’s Node, recommending users to buy a Founder’s Node, recommending people to play games on the Gala Games platform or through the game.

The token has an outstanding supply of 7,542,496,572 and a maximum supply of 50 billion. At approximately 0200 UTC daily, 17,123,286 new GALA tokens are introduced into the circulating offering.

Half are distributed to Founder’s Node operators and the other half to the Gala Games. Each year, on July 21, Gala Games halves the amount of the daily distribution. On July 21, instead of 17,123,286 new tokens per day, there will be 8,561,643.

2021 has been a great year for the GALA token. GALA’s closing price on January 1 was $ 0.001028, and GALA just set a new all-time high of $ 0.8367 on November 26. This is a gain of over 81,000% in less than a year. The majority of the wins came in the past 90 days.

How to buy GALA Crypto.

Ready to invest in Gala? Review the steps needed to secure your GALA tokens now.

  1. Open an account online.

    If you don’t already have an account on a stock exchange that lists GALA, this is the first thing you’ll need to do. We recommend Coinbase to buy GALA tokens. The design of the Coinbase trading platform makes it easy to navigate and is perfect for new investors.

    Just follow the step by step instructions to set up your account. In the process, you’ll set up 2-step verification using your phone number.

    For even more security, it’s also good to set up 2-step verification using Google Authenticator. The last step will be to link your bank account and make a transfer in dollars or euros so that you can start buying.

  2. Buy or download a wallet (optional).

    After purchasing GALA, you will need a place to store it. You can keep it on the exchange, but then you have to accept the risk of a possible hack and loss of your crypto.

    Coinbase has excellent security features to minimize this risk, but there are still some risks. Each investor should assess their risk tolerance when deciding where to store their crypto.

  3. Make your purchase.

    After securing a crypto account and wallet, you can purchase GALA. After logging into Coinbase, click on the blue Buy-0Sell button at the top right of the page. This will open the Buy-Sell-Convert window, which is by default on the Buy tab.

    Then click on the Buy section and scroll down to GALA or type GALA in the search window. Click on GALA and enter the amount you wish to purchase.

    If you want to make this a recurring purchase, click where it says One-Time Purchase and set up your recurring purchase. Otherwise, after entering the amount you want to buy, just click on Preview Buy. You will then see all the details of your purchase, including transaction fees. If you like what you see, just click Buy Now, and the GALA will appear in your account in seconds.

Best cryptocurrency wallets for GALA

Best Hardware Wallet: Ledger

General ledger material portfolio