When a person runs the Gala Node software with a valid Node license, they are able to be rewarded with part of the distribution every day. Knowing how this works and what its purpose is important to understand as it is important for the Gala Games and Entertainment ecosystem to grow.
To be eligible for daily distribution, users must run the Gala Node software with a valid Node license, and its workload, such as Founders or Music Node, is enabled. The node needs to run continuously for six hours on a single machine.
Users will find their rewards in Treasure Chest. These rewards do not exist on a blockchain when they are in a Treasure Chest; minting is required to write them to the blockchain.
This “mint-on-demand” model enhances the decentralized nature of the network as it does not depend on any single entity to provide gas fees for networks such as Ethereum or GalaChain.
For a Founder's Node distribution system, it is calculated based on the points that are in each cycle. These points share the total supply of $GALA distributed to users daily. A Founder’s Node is 1 point in the distribution and is rewarded as long as the owner runs their Founder’s Node for at least six hours between 00:00 UTC and 23:59 UTC1.
These points are tallied up at the end of the day and used to calculate the numbers for the Daily Distribution. Distribution happens at about 02:15 Coordinated Universal Time (UTC). Other nodes on the network have a Distribution time around the same time as the Founder's Nodes do.
1 This is subject to change.