Difference between revisions of "Gala (GALA)"
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===Bugs/Exploits=== | ===Bugs/Exploits=== | ||
* Gala Games $22M [https://rekt.news/gala-games-rekt/ exploit] via mint using admin access (5-2024). | |||
==Governance== | ==Governance== | ||
===Admin Keys=== | ===Admin Keys=== | ||
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===Launch=== | ===Launch=== | ||
===Token Allocation=== | ===Token Allocation=== | ||
* From Decrypt (18-5-2023): | |||
''"Gala Games announced this week that it has removed or “burned” almost 21 billion GALA tokens after completing its V2 token airdrop—more than $637 million worth at the time of the burns—from its own reserves in an effort to reduce concerns surrounding a possible “dump and exit” scenario. Gala detailed its approach to the burn in the post, noting that it had already planned to burn 2 billion GALA tokens as part of its “2023 Vision Paper” for the year. Another 3.96 billion tokens were then burned, which Gala Games said was “equivalent to the total revenue in GALA we have ever received.” The executive added that post-burn, Gala’s own treasury is now “almost completely eliminated.”"'' | |||
===Utility=== | ===Utility=== | ||
===Other Details=== | ===Other Details=== | ||
==Coin Distribution== | ==Coin Distribution== | ||
Latest revision as of 01:30, 26 May 2024
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
- Gala Games $22M exploit via mint using admin access (5-2024).
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- From Decrypt (18-5-2023):
"Gala Games announced this week that it has removed or “burned” almost 21 billion GALA tokens after completing its V2 token airdrop—more than $637 million worth at the time of the burns—from its own reserves in an effort to reduce concerns surrounding a possible “dump and exit” scenario. Gala detailed its approach to the burn in the post, noting that it had already planned to burn 2 billion GALA tokens as part of its “2023 Vision Paper” for the year. Another 3.96 billion tokens were then burned, which Gala Games said was “equivalent to the total revenue in GALA we have ever received.” The executive added that post-burn, Gala’s own treasury is now “almost completely eliminated.”"
Utility
Other Details
Coin Distribution
- 1 address is holding 15.6576% of the supply on the Ethereum network. The BSC version of GALA has 19.6189% of it sitting in a Binance hot wallet and 9.2146% in an unnamed wallet.
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
How it works
- From its FAQ (15-10-2021):
"A Founder’s Node is part of the largest decentralized gaming network in the world. There will only ever be 50,000 Founder’s Nodes; in the future, there will be other types of nodes that exist to support the network. One type of change that can occur comes as a result of the consensus vote, which node owners have the power to make. Oftentimes these votes will be about which games come to the Gala Games platform, but there are other types of votes as well. Everyone who operates a Founder’s Node is contributing to the growth of this decentralized gaming network. By running a Founder’s Node, you are working to give players real ownership of their assets and content."
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- 26K Total NFT's sold (15-10-2021)
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Has 90+ team members (15-10-2021)
Funding
Partners
- Says it is partners with Brave and Polygon (15-10-2021)
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