If you are a holder of Gala Games’ native token, there will be upcoming changes to the Gala Games ecosystem, including the migration to a new token, GALA v2, and the discontinuation of support for the old, GALA v1.
Gala Games is set to make a major move in the coming weeks, as the blockchain-based gaming platform prepares to migrate to a new token.
On May 15th, all holders of the $GALA token will receive GALA v2 in the form of a 1:1 airdrop, marking a significant change for the ecosystem.
GALA v2 features
The Ethereum contract for the Gala token has been upgraded, bringing with it a host of improvements. One of the key features of the new token is improved burn mechanisms, which will help to control the total supply of the new native token over time. Additionally, tighter security measures have been implemented to safeguard users’ assets and protect against potential hacks or exploits. These changes represent a major step forward for the Gala Games ecosystem and could open the door to further updates in the future.
Reminders
It is worth noting that following this airdrop, support for GALA v1 will be discontinued altogether. This means that anyone holding the old token will need to exchange it for the new one if they wish to continue participating in the Gala Games platform.
Users are encouraged to withdraw any GALA v1 that they have in any liquidity pools or smart contracts prior to the snapshot. This is because Gala Games cannot guarantee that any GALA v1 that has been lost in a liquidity pool may be recovered. It is always better to err on the side of caution than to risk losing your assets.
In addition to withdrawing their tokens, users are also encouraged to store their GALA v1 in a personal wallet of their own choosing. This will allow them to access their drops to the ecosystem.
The Gala Games team has committed to providing users with frequent updates and information as the day of the transfer draws closer. This will help to ensure that everyone is fully informed and prepared for the upcoming changes.
Final Thoughts
Overall, the migration to a new token is an exciting development for the Gala Games ecosystem. It represents a major step forward in terms of security, control, and usability, and could pave the way for even more innovation in the future. As always, users are encouraged to stay informed and take the necessary steps to protect their assets during this transition period. By working together, the Gala Games community can help to create a better, more secure, and more engaging gaming experience for everyone involved.