$GALA

First: What is the GALA currency?

GALA is the native digital currency of the decentralized gaming platform Gala Games, which allows players to own and trade assets within games as NFTs.

It belongs to the Ethereum network (ERC-20) and also supports BEP-20 through bridges like p.Network, with plans to develop a dedicated blockchain called GalaChain.

The project was founded by Eric Schiermeyer (one of the founders of Zynga) and Michael McCarthy.

GALA is used for in-game purchases, trading within the platform, and participating in governance, and operators of the Founder Nodes are rewarded with coins.

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Second: Is there a burn mechanism for the GALA currency?

The main burn mechanisms:

1. Big Burn – May 2023

Gala launched a massive burn campaign for a value of approximately $620 million of GALA from its reserve wallet.

The aim was to enhance community trust and reorganize the distribution and supply mechanism.

2. Pay-by-Burn mechanism

This means that every GALA used as gas fees or in-platform purchases is sent to an inaccessible burn address, reducing the circulating supply.

Entry Point $0.018 — 0.0185 Current market price, you can enter here if you expect a rise soon.

Stop-loss $0.017 To limit losses to about 5–6%.

Take-profit Point $0.020 — 0.021 You might achieve a relative profit of 5–10%, or you can set a higher level based on your analysis.

If you are conservative, you can set a more conservative target like $0.0195.

If you are aiming for higher gains, you might look at the range of $0.022 or based on your analysis.