CandleFocus Gala Games Introduces Tokenized Founder’s Nodes on GalaChain for Transfers
2024-10-18
Author: Content Editor
Gala Games has announced that Founder's Nodes can now be tokenized on GalaChain, allowing users to move them between accounts. This is a significant change as the licenses were previously bound to a user's account. The decision to tokenize the nodes was made by Gala Games operators in April 2023, and the process of turning all Founder's Node licenses into GalaChain tokens is expected to be completed in the next few days. To make a node transferable, users must pay a price based on 60 days' worth of distribution rewards in GALA, as well as additional fees in GALA to reactivate the node and redeem it as an NFT. The fees are paid solely in GALA and contribute to the deflationary dynamics of the token. Gala Games has also partnered with Coinflow to offer Google Pay and Apple Pay as payment options within the Gala ecosystem. The native token, GALA, has seen a 9.33% increase over the past seven days, with a market cap of over $770 million.
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