dailyhodl.com
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.
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.