Blockchain gaming platform Gala Games has revealed a major upgrade for its native token. On 15th May, it will airdrop GALA v2 tokens to all existing v1 token holders, ushering in a new phase for the platform.
The v2 token brings a host of improvements to the table, including enhanced burn mechanisms, security enhancements, and future upgradeability; all designed to create a better gaming experience for the Gala Games community.
For GALA v1 token holders, the transition process is expected to be seamless. Unless their tokens are in liquidity pools or smart contracts, users don’t have to take any action. The airdrop will automatically distribute the new GALA v2 tokens to holders, maintaining the current balance and ensuring a smooth transition.
The GALA v2 token introduces several key enhancements aimed at improving the overall functionality and security of the Gala Games ecosystem:
- Enhanced Burn Mechanisms: The new token incorporates an improved burn mechanism that allows for a more dynamic and responsive token economy. This feature will help maintain the value of the GALA token and create a sustainable environment for both gamers and developers.
- Security Enhancements: With the upgrade to GALA v2, Gala Games has implemented several security features to ensure the safety and integrity of the platform. These enhancements will provide users with peace of mind as they interact with the ecosystem and participate in the various games and activities offered by the platform.
- Future Upgradeability: One of the most significant features of the GALA v2 token is its built-in upgradeability. This will enable Gala Games to continuously evolve and adapt to the changing needs of the blockchain gaming industry, ensuring that the platform remains at the forefront of innovation and offers the best possible experience for its users.
This upgrade paves the way for exciting new developments in the Gala Games ecosystem, including the upcoming release of highly anticipated games such as Mirandus and Fortified: Homecoming.
With a growing library of titles, an expanding community, and a strong focus on innovation, Gala Games is poised to make a significant impact on the blockchain gaming industry.
That said the GALA token’s price is down 94% from its all-time-high in November 2021, although it is up 21% in the past two weeks.
As the May 15th airdrop approaches, Gala Games is actively engaging with its community and providing resources to ensure a smooth transition. Find out more at Gala’s Medium post.