Gala
Crypto Overview
Purpose and Utility
GALA is the native token of the Gala Games ecosystem, designed to power a blockchain gaming platform. The token serves multiple purposes including governance of the Gala Games ecosystem, node operation rewards, and in-game purchases across various games in the platform.
Business Model Analysis
The platform operates by developing and publishing blockchain games where players can truly own their in-game assets as NFTs. The business model centers around creating engaging games while maintaining player ownership of assets, which aligns with Islamic principles of ownership and fair trade.
Real-World Adoption
Gala Games has launched several games including Town Star, Spider Tanks, and has many others in development. The ecosystem has attracted over 1.3 million monthly active users and operates thousands of nodes worldwide. The GALA token is actively used for purchasing in-game items and node operation.
Platform Development
The project shows consistent development activity with regular updates to their games and platform infrastructure. They have established partnerships with major entertainment brands and continue to expand their game offerings.
Token Distribution and Governance
The token distribution includes allocations for ecosystem development, node operators, and the founding team. While the founding team received a significant allocation, there are vesting periods in place to prevent immediate liquidation.
Additional Considerations
The primary focus on gaming and digital asset ownership aligns with halal principles as it involves actual ownership and transfer of digital assets. The platform does not involve interest-bearing mechanisms or gambling-based games.
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.