This article aims to provide information on the utility of $GALA so that the reader may better understand what the token can be used for.
This article assumes the reader understands the information in the following articles:
The $GALA token is the digital utility token of the Gala Games and Entertainment ecosystem. The goal of introducing $GALA is to provide a convenient and secure method of payment and settlement between participants who interact within the Gala Games and Entertainment ecosystem.
$GALA does not represent any shareholding, participation, right, title, or interest in Gala Games, their respective affiliates, or any other company, enterprise or undertaking. $GALA does not entitle holders to any promise of fees, dividends, revenue, profits, or investment returns and are not intended to constitute securities. This token was created to be utilized within the Gala Games and Entertainment ecosystem, and ownership of $GALA carries no rights, express or implied.
$GALA is the fuel that runs the Gala Games and Entertainment ecosystem. $GALA is the primary reward mechanism for Founder's Nodes, which earn $GALA daily as long as they meet the requirements for the Distribution. Using $GALA, a person can buy NFTs and purchase licenses for nodes such as Founder's Nodes on the Gala Games store.
The $GALA token is transferable between users, who have complete control over how to use it. $GALA exists on several blockchains, such as Ethereum and GalaChain. $GALA operates as the network fee in the GalaChain Blockchain for bridging out to other chains, such as Ethereum.