in

‘Play to Earn’ Crypto Asset Soars 542% on Heels of Binance Listing

'Play to Earn' Crypto Asset Soars 542% on Heels of Binance Listing


Gaming token GALA has surged in price after crypto exchange Binance added it to the marketplace.

The utility token of gaming and non-fungible token (NFT) platform Gala Games soared from $0.021 on September 12th to its current price of $0.135 – a whopping 542% gain, according to CoinGecko.

Gala 24-hour price chart

Gamers can earn the token in weekly competitions of the farming game Town Star.

GALA started out on the Ethereum (ETH) blockchain but recently bridged over to the Binance Smart Chain network. The community-powered ecosystem already has over 1.3 million active users.

 

GALA went live on Binance on September 13th, just a day after the listing was announced on Binance’s website.

“Gala is a gaming and NFT platform that aims to build an ecosystem of blockchain games. GALA is the platform utility token, and is used for node operator incentives, network governance, in-game rewards for playing platform games, and in-game currency to purchase items and NFTs in the Gala store.”

The GALA token has a fixed maximum supply of 50 billion units with almost 7 billion currently in circulation.

Earlier this week, GALA surged by approximately 250% from $0.02 to hit an all-time high of $0.07 in just 24 hours.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Anastassiya Bezhekeneva





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Mid Post Ads

Lenny Moon Is Pushing Fly Coin, a Digital Currency Designed to Reward Frequent Fliers

CIO of $9.5 Trillion AUM Asset Manager BlackRock Says They Own Some Bitcoin

CIO of $9.5 Trillion AUM Asset Manager BlackRock Says They Own Some Bitcoin