Gala coin issuance time

Gala coin was issued on September 14, 2020, with a total circulation of 35 billion coins and an initial circulation of 30 billion coins. It raised US$21 million through ICO, of which 40% of the initial circulation was sold as Utility token for the GalaGames ecosystem, used to purchase game assets, govern voting, reward node operators and pay transaction fees.

Gala coin issuance time

Gala coin was issued on September 14, 2020 .

Issuance details:

• Total circulation: 35 billion
• Initial circulation: 30 billion (accounting for 30 billion of the total circulation 85.7%)
• Issuance method: Through an Initial Coin Offering (ICO) based on Ethereum

ICO details:

• Raised funds: US$21 million
• Token price: US$0.0017/coin
• Sale of tokens: 12 billion (accounting for 40% of the initial issuance)

Use:

Gala Coin is a utility token in the Gala Games ecosystem, used for:

• Purchase NFT game assets and items
• Participate in governance voting
• Reward node operators
• Pay transaction fees

Performance after issuance:

Galacoin performed strongly after its release, with its market value peaking at $1.4 billion in November 2021. However, its value has since declined and it currently has a market capitalization of approximately $350 million.

The above is the detailed content of Gala coin issuance time. For more information, please follow other related articles on the PHP Chinese website!