Gala Games was created in July 2019 by former Zynga co-founder Eric Schiermeyer. With a focus on “making blockchain games you’ll actually want to play,” Gala Games looks to leverage the blockchain to give control back to players. The platform also enables the purchase of non-fungible tokens (NFTs), which can be used to influence the governance of games. GALA is the project’s utility token and is integrated throughout the Gala Games ecosystem.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy Gala?
Gala Gaming’s focus on improving player experience makes it stand out among other blockchain-based gaming projects. Gala Games has gained significant traction as a player-first platform with a very supportive community. Since GALA is the platform’s native utility token and form of currency, its future price performance will rely heavily on the growth of the Gala Games ecosystem.
If you want to learn more about Blockchains, Bitcoin or Ethereum, follow our educational blog!
Is GALA Play To Earn?
GALA is integrated into nearly every aspect of Gala Games. The platform was one of the first to adopt a Play-to-Earn ecosystem, where players are rewarded for achieving different milestones. These rewards are given in the form of GALA tokens.
What Is Gala Built On?
Gala was originally built on the Ethereum network as an ERC20 token, Gala Games recently levered p.Network, a decentralized application (dApp) that enables cross-chain capability. Gala Games used p.Network to bridge the GALA token to the Binance Smart Chain, as a BEP20 token. This move significantly reduces the transaction fees associated with using GALA for things such as spending.
How Does Gala Work?
The Gala Node ecosystem comprises a triple-proof node system, including proof-of-work (PoW), proof-of-stake (PoS), and proof-of-storage. All 3 have different functionalities but work together to power the network, run games, and enable decentralization.
What Can You Do With GALA?
The simplest and safest thing to do with GALA is to hold it as a long-term investment. However, some things can be done with GALA surrounding both Gala Gaming and staking to maximize returns. GALA is the native utility token and spending currency of the Gala Gaming ecosystem. It is the primary digital asset used within the ecosystem to purchase items, make peer-to-peer payments, and reward nodes.
How Much GALA Can I Buy?
You don’t need to buy a lot of GALA to get started! Our minimum purchase amount is 100 GALA. Enabling anyone to gain exposure no matter how many dollars they have to invest.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy GALA in Canada.