- This version of GALA V2
- It offers a new contract and token
- And more importantly, a general reduction in coin supply
- Owners of old tokens will exchange them for new ones at a 1:1 rate
Gala Games blockchain platform launches the GALA V2 update for its ecosystem.
It offers a new contract and token as well as a general reduction in coin offerings. Support and use of the original GALA token will be discontinued. Owners will exchange them at the rate of 1 to 1.
In his Twitter, Gala Games head Jason Brink explained that the v2 update is nearing completion.
Gala Games wrote in their blog that the first thing they are doing is starting to burn $GALA for the Gems program.
“Making this commitment means that we plan to burn $2 billion worth of coins within a year.
Unfortunately, this could not be properly tracked in the v1 contract. But version 2 is not far off.”
The management also created a wallet with 2 billion GALA tokens. This is their strategic reserve, which will be open to the public.
At the time of publication, the price of GALA is $0.03, down 1.5% from the last 24 hours.
Huobi and Gala Games recently agreed to pay victims of the pGala scheme $50 million. We are talking about the pNetwork hack that took place last year and brought down the price of the coin.