What is Gala (GALA)?

Discover the key facts about Gala (GALA).

About Gala

The GALA token is the digital utility token of the Gala Games ecosystem.

GALA is an ERC-20 utility token used in the Gala Games ecosystem, an Ethereum-based gaming platform. GALA can be used as the medium of exchange between participants in the ecosystem and to purchase digital assets, including NFTs. The project aims to create an environment where gamers retain full ownership of their in-game items, in contrast to the current centralized system where players lose their in-game items when banned or when platforms shut down. NFTs used in-game exist on the Ethereum network and are entirely separate from Gala Games. 

Suggested further reading:

Why Donate GALA?

Since GALA has appreciated significantly, donating GALA and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.

Don’t want your GALA stack to decrease? Repurchase the same amount of GALA afterward and still get the same tax benefits to offset some (or all) of your gains.

Donation Donation Form | The Giving Block Learn About Cryptocurrency New to cryptocurrency? Get immersed in all things crypto and crypto philanthropy. Learn about accepting crypto donations and crypto taxes. Read more
Donation Donation Form | The Giving Block Donate Other Cryptos We are able to process some donations of cryptocurrencies that aren't listed in The Giving Block's Donation Form. Please read this information and/or contact us to verify. Read more
Donation Donation Form | The Giving Block What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more