Description

This article explains what an ICO(Initial Coin Offering) is and why Gala Games and Entertainment decided an ICO wouldn’t be a good fit for the project.

Purpose

An ICO can provide an unfair advantage to investors because there’s often a high barrier to entry. Gala Games and Entertainment decided against this, and this article explains the reasons why an ICO is not always the best way for a project to get startup capital.

Assumptions Made

This article assumes the reader knows:

What is a blockchain?

What is a Founder’s Node?

What is the Incentive for Running a Founder’s Node?

Summary

$GALA has never been available for purchase directly from Gala Games and Entertainment and no initial coin offering (ICO) was ever held to support Gala Games and Entertainment ecosystem. $GALA is earned daily by anyone who qualifies for a token. Please read What is $GALA to learn more.