What is a Distribution?
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This article explains what a distribution is and how it works.
When a person runs a Founder’s Node, they are able to be rewarded with part of the distribution every day. Knowing how this works and what is its purpose is important to understand as it is important for the Gala Games Ecosystem to grow.
This article assumes the reader understands the information in the following articles:
Where Can GALA and NFTs Be Found After Distribution?
What is a Founder’s Node?
What is the Gala Games Ecosystem?
What are Non-Fungible-Tokens (NFTs)?
Founder’s Nodes are the backbone of the Gala Games ecosystem. These Founder’s Nodes will make it possible for games on the Gala Games ecosystem to run a decentralized platform for game hosting and many other features. They also are responsible for circulating GALA into the ecosystem. This is called a distribution. In the daily distribution, GALA, TownCoin and NFTs may be added to a Founders Node owner's Treasure Chest. These items and GALA do not exist on a blockchain when they are in a treasure chest, and minting is required to write them to the blockchain.
This “mint-on-demand” model enhances the decentralized nature of the network as it does not depend on any single entity to provide ETH gas fees for the whole network. In the long run, the Gala Games Ecosystem plans on transitioning to a multi-chain system, which will enable users to choose which chain they would like their NFTs to exist on. GALA and TownCoin currently can only be minted as an ERC-20 token on the Ethereum Network.
The current distribution system is calculated based on the points that are in each cycle. These points all share the total supply of GALA distributed to users each day. A Founder’s Node is 1 point in the distribution, and is rewarded as long as the owner runs their Founder’s Node for at least six hours between 00:00 UTC and 23:59 UTC1.
The other way a person can receive points in the distribution is through referrals. If a person refers someone to the Gala Games ecosystem and they purchase a Founder’s Node, they will receive a 0.1 point referral bonus2. In addition to the 0.1 bonus, after 8 days a direct referral will give a person a one time 10 point bonus as well. The 10 point referral for Founder's nodes are given after 8 or more distribution cycles. This is a one time 10 point referral, but the 0.1 point continues as long as the referral runs their Founder's Node and gets credit in the distribution.
These points are tallied up at the end of the day, and used to calculate the numbers for the Daily Distribution. Distribution happens at about 02:15 Coordinated Universal Time (UTC).
1 This is subject to change.
2 Referral must run their Founder's Node for at least 6 hours between 00:00 UTC and 23:59 UTC. If the referral does not run their Founder’s Node, then there will not be a 0.1 point bonus earned.