Gala
Crypto Overview
Overview
Gala Games is a blockchain gaming platform that aims to give players ownership of their in-game assets through NFTs and cryptocurrency. The GALA token serves as the primary utility token within the Gala Games ecosystem, used for purchasing in-game items, node operation, and governance.
Intended Utility
The GALA token was designed to serve multiple purposes within the Gala Games ecosystem: governance voting rights, node operation rewards, game purchase currency, and in-game asset trading. Node operators can earn GALA tokens by running network nodes that support the platform's infrastructure.
Actual Utility Assessment
The platform has demonstrated real utility through: 1) Active node operation network with over 16,000 nodes, 2) Multiple launched games including Town Star and Spider Tanks, 3) Functional NFT marketplace for in-game assets, 4) Regular governance voting participation.
Business Model Analysis
The project generates revenue through game sales, NFT marketplace fees, and node licenses. This model aligns with halal principles as it involves actual value exchange and asset ownership. The platform doesn't facilitate gambling or interest-based activities in its core functions.
Token Distribution
Initial distribution allocated 50% to the ecosystem fund, 26.7% to founder's rewards, and 23.3% to player rewards. Founders' tokens have a structured vesting schedule over 4 years, showing commitment to long-term development.
Development Activity
The project maintains active development with regular updates, new game launches, and infrastructure improvements. The team has consistently delivered on roadmap commitments and maintains transparent communication about development progress.
Crypto Impact
To assign a comfort level investing in Gala from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gala.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.