GALA rises 265% after Binance listing announcement
Major cryptocurrencies exchange Binance announced on the 13th that it will start handling ERC-20 standard Gala tokens (GALA). The company started offering trading pairs at 06:00 (UTC) on the 13th.
The trading pairs offered are GALA/BTC, GALA/BNB, GALA/BUSD, and GALA/USDT. Additionally, withdrawals for GALA will open at 06:00 (UTC) today.
Immediately after the announcement, GALA prices soared by nearly 100%. Its recorded peak stood at $ 0.077 on September 13, reporting a price hike of 265% at 7:00 am UTC. At the time of writing, GALA’s price stood at $0.0493.
Gala Games is a game development company founded in 2018 and is gaining traction due to its unconventional approach to gaming. Gala games is a blockchain games-focused project that aims to make “blockchain games you’ll actually want to play”, according to its website.
Created in accordance with the ERC20 standard on the Ethereum blockchain, GALA can be received as a reward for operating Founder’s Node. Users are allowed to use their unique NFT characters in-game and influence the governance of games within the Gala Games ecosystem.
Since its launching, the gaming company has garnered over 1.3 million monthly active users and 26,000 NFTs have been sold. The highest NFT piece was sold at $3 million.
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