Beiträge

Veröffentlicht am

You can now buy GALA, the native token of Gala Games: here’s where

The live Gala price today is $0.51 with a 24-hour trading volume of just over $1 billion. The gaming token is up 11.50% in the last 24 hours. If you want to find out what GALA is, if you should invest in it, and where to buy GALA, look no farther than this guide.  

Top places to buy GALA now

As GALA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase GALA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GALA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for GALA

Now that you’re connected, you’ll be able to swap for 100s of coins including GALA.

What is GALA?

GALA is the native token of Gala Games, a platform that aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding.

Should I buy GALA today?

Never take any decision involving your finances without careful planning in advance. Gaming tokens are particularly volatile, even by crypto standards.  

GALA price prediction

According to Crowd Wisdom, GALA will be trading between $ 0.46 and $ 0.52 in the next few hours. Their overall recommendation for the next few hours is Buy. 4 of the 5 momentum indicators are positive. Just one of them is negative.  

GALA on social media

The post You can now buy GALA, the native token of Gala Games: here’s where appeared first on Coin Journal.

Veröffentlicht am

Binance introduces new ‘Auto-Burn’ protocol for BNB tokens

The change comes on the back of requests from the Binance Smart Chain and the larger BNB token community

Yesterday, Binance announced the implementation of a new protocol that will automatically burn BNB tokens to give a better overview of the Binance Smart Chain (BSC) activity. As per a blog post published by the crypto exchange today, the new Auto-Burn protocol will improve transparency and enhance predictability for the community.

Binance hopes to foster a healthy blockchain co-existence between Binance Smart Chain (BSC) and the Binance Coin (BNB) ecosystems by implementing this new mechanism.

„Our announcement of the BNB Auto-Burn is a natural next step in BNB’s journey and will help the BNB community grow through providing greater autonomy, transparency, and predictability,“ a spokesperson told Coindesk.

Burning is a common mechanism through which altcoin creators control the supply of tokens in circulation. In Binance’s case, the process removes from circulation BNB tokens by sending them into an inaccessible wallet. The burning process will be both verifiable and objective following the deployment of the new system. It will also be independent of the revenues generated from the Binance centralised exchange through the transactions using the BNB token.

The number of tokens burned will now hinge on other factors, including the value of the BNB/USD pair. The burn will take into consideration both the supply and demand of the tokens as well as the quantity of blocks produced over a quarterly period. There will also be a price anchor – a fixed value initially maintained at 1000. This value can only be adjusted via a BSC BEP proposal and community vote as per the blog post.

Binance noted that the burns would stop at the point where the supply falls below 100 million BNB. The exchange further detailed that the Auto-Burn mechanism signified that both BNB and the BSC were gearing up towards the next phase of innovation. The Chao Zeng-led company added that with the community’s input, BNB would evolve to help further build the blockchain ecosystem.

The post Binance introduces new ‘Auto-Burn’ protocol for BNB tokens appeared first on Coin Journal.

Veröffentlicht am

DappRadar Price (RADAR) is surging today: this is why it is rising

DappRadar (RADAR) started the day by registering a32% surge to trade at a high of $0.05849.

At the time of writing, the coin had retraced to $0.04627 but was still green with a rise of above 7% in the last 24 hours.

But why did DappRadar (RADAR) jump? What is the reason behind DappRadar (RADAR) price rise?

Here is why the coin is surging.

What Is DappRadar?

Before delving into why DaapRadar (RADAR) is rising, it is important to first understand what RADAR is.

DaapRadar is a decentralized application platform that tracks various chains and hosts categories of dApps. It is one of the most popular Dapp tracking platforms. It allows users to explore the dApp ecosystem and sort Dapps by users, volume, and Balance.

It several DApp categories to choose from. These categories include Gambling, Games, Social, DeFi, Exchanges, Marketplaces, Collectibles, and many more.

Why is DappRadar (RADAR) price rising?

The current RADAR price hike is attributed to the upcoming DApp store business offering.

According to an official announcement from the protocol:

“DappRadar, The World’s Dapp Store, has revealed its plans to extend its B2C dApp store offering to business partners, building on its existing decentralized applications data and analytics B2B product and long-standing partnerships with the dApp industry’s premier brands.”

The post DappRadar Price (RADAR) is surging today: this is why it is rising appeared first on Coin Journal.

Veröffentlicht am

Polygon (MATIC) hits all-time highs in intraday trading today – should you buy?

Polygon (MATIC) has surged in intraday trading today, hitting an all-time high of $2.7 at one point. The surge was triggered by the arrival of Uniswap V3 on the Polygon network. Uniswap is seen as a very important player in the growth of DeFi. Launching on Polygon is a huge achievement for MATIC investors. Here is what we know.

  • MATIC saw a bullish uptrend in early trading, surging to $2.7, its new all-time high

  • Analysts see the uptrend holding in the near term, with MATIC expected to see more gains in the future.

  • The deployment of Uniswap v3 is set to lift the profile of the Polygon network and bring more DeFi products in the long run. 

Data Source: Tradingview.com

Polygon (MATIC) – Price action and analysis

The bullish surge seen in intraday trading today was largely expected. After all, the launch of Uniswap v3 on Polygon was always going to be a big deal. However, MATIC has actually been on a somewhat bullish trajectory since the start of the week.

The coin did, however, lose some of its all-time high gains. At the time of writing, it was trading at $2.61. But looking at the chart, MATIC is now on an uptrend, and many analysts believe that it’s going to see more all-time highs before the end of the year. The coin could also benefit from a market-wide bullish uptrend expected to hit crypto early next year.

Should You Buy MATIC?

The future is bright for Polygon (MATIC). With the deployment of Uniswap v3, more and more DeFi projects are expected to launch on the network. Besides, since its inception, Polygon has processed over 1 billion transactions, making it one of the fastest-growing blockchain projects in the world. It is therefore highly recommended, especially for long-term value investors.

The post Polygon (MATIC) hits all-time highs in intraday trading today – should you buy? appeared first on Coin Journal.