Gala Games, a decentralized game development company, has recently announced its plans to launch the second version of their GALA tokens (v2) on May 15th. To receive the GALA (v2) tokens, users must remove their GALA tokens (v1) from any liquidity pool or smart contracts. To ensure all users get their tokens as promised, no additional action is needed on their part as long as the tokens are not being used in any of these contracts.

The upgrades to their token have come as a result of a lawsuit filed against their partner platform, pNetwork, for their role in the release of over a billion pGALA tokens on the BNB chain in November 2020, dropping the price of their tokens by 97%. It is believed that pNetwork worked with outside hackers to accomplish this feat. In an effort to compensate their customers, Huobi and Gala Games teamed up to offer a $50 million compensation fund for affected users.

The lawsuit aimed against pNetwork wasn’t only to provide compensation to hurt customers, but to also address the negligence of security measures pNetwork was responsible for, ultimately damaging the reputation of GALA tokens, Gala Games, and the relationship between the two. The proposed reimbursement combined with the new upgrades to the GALA tokens should help to restore people’s confidence in the GALA tokens, as well as the relationship between Gala Games and the trading platform.



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