Introduction
GALA Games, the decentralised gaming platform has been making incredible waves throughout the crypto and gaming space recently.
With a recent Coinbase listing of the platform’s native token, $GALA, the price rocketed to an ATH of $0.48 on the 21 November 2021. To put that into context, the price was a mere $0.02 in July 2021.
Coupled with a binance listing back in August 2021 and a series of positive announcements, GALA is now nestled nicely in the Top 70 coins by marketcap.
What Is GALA Games And Its Mission?
GALA Games is a blockchain gaming company that is aiming to create the world’s largest decentralized gaming platform.
Decentralization is achieved through the power of 50,000 nodes that are geographically located across all four corners of the globe. These nodes provide network support to the platform and govern the network. In return node owners are rewarded in daily cryptocurrency ($GALA).
Anyone with a computer can acquire a node and this is key to the goal of decentralization.
How Much Does A Node Cost?
As of today, a GALA Games node can be acquired for $39,500.
38,862 nodes out of the absolute finite supply of 50,000 nodes have already been sold.
Now here in the interesting part. Currently, the price of the nodes increase by $500 for every 100 nodes sold. However, from the 1st December 2021, the price of the nodes will increase by $1,000 for every 100 nodes that are sold.
As an example, lets assume 39,000 nodes have been sold as at 1 December 2021. This would mean that a node would have a price tag of $40,000.
The next batch of 100 nodes (so node numbers 39,001 to 39,101) will now cost $41,000, whereas node numbers 39,101 to 39,200 will now cost $42,000 per node. This pricing mechanism will result in the last 100 nodes (so node numbers 49,901 to 50,000) selling for a rather mouth watering $150,000.
What Are Node Operators Expected To Do?
The current requirements for nodes are to simply be online for 6 hours in a 24 hour period. However, once the platform grows, further computational power will be needed as follows;
50 GB Disk Space
4 GB Ram
2 CPU Cores
10 Megabit upload network connection
Standard machines maybe able to meet this increased computational demand, however if not, the nodes can be run on a virtual private server (VPS).
****What Are The Daily Earnings For Active Node Operators?****
Providing a node is online for 6 hours a day, a node owner can around 350 $GALA per day. The daily earnings do fluctuate and are dependent on how many nodes have been active in the previous day. To add a little more context, 8.5million $GALA is released into circulation per day. This fixed amount of $GALA is shared amongst nodes that have been active for at least 6 hours per day. The exact calculation is as follows:
Daily reward per active node holder = 8,561,643/ no of active nodes
$GALA is currently trading at around $0.40, therefore on the above example, a node owner can expect to earn approx $140 a day in rewards (350 x $0.4).
It should be pointed out that from January 2021, the daily payout system for node owners will be changing. The change is designed to incentivise node operators to provide more uptime to the network. In short, a node owner who keeps his node running 24 hours a day will earn 4x more than a node owner who only keeps his node running for 6 hours per day.
In addition to daily GALA, node owners also receive daily drops of $Town which is approx $3 per day. $Town is the native currency for the game TownStar which runs on the GALA network.
It should be noted that every game launched on the GALA gaming platform will have its own in game currency. A percentage of the total circulating supply for EVERY in game currency that runs on the GALA gaming platform will be airdropped to node holders.
How Do I Sell My Node?
Currently it is not possible to sell your node and they can only be acquired from GALA. However, once the entire 50,000 nodes have been sold, it is intended that the nodes will be converted into NFTs which will allow secondary market sales. What will the value of these nodes be on the secondary market? Well your guess is as good as mine, but with the last node selling for $150k it should demand a large price tag.
Interested In Learning More About GALA Games Or Acquiring a GALA Games Node?
If you are interested in learning more about GALA Games, or whether you are interested in acquiring a GALA Games node, then you can find out more here.
Thanks for reading!