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.
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Featured Image: Shutterstock/Anastassiya Bezhekeneva