Founder’s Node
Description
This article explains what a Founder’s Node is.
Purpose
Founder’s Nodes are the backbone of the Gala Games Ecosystem. Knowing what will be running games in the ecosystem is important in understanding how the network works.
Assumptions Made
This article assumes the reader understands the information in the following articles:
Summary
What is a Founder’s Node?
A Founder’s Node is part of the largest decentralized gaming network in the world. There will only ever be 50,000 of these nodes.
Everyone who operates a Founder’s Node is contributing to the growth of this decentralized gaming network. By running a Founder’s Node, you are working to give players real ownership of their assets and content.
Is all of this information permanent or is it subject to change?
All of this information is subject to change. Those questions with answers that are most likely to change will be marked with an asterisk (*). One type of change that can occur comes as a result of the consensus vote, which node owners have the power to make. It is one of the most powerful benefits of being a node operator.
What is a Consensus Vote?
In the node network, a consensus vote is a voting opportunity presented to all Founder’s Node operators. Oftentimes these votes will be about which games come to the Gala Games platform, but there are other types of votes as well.
A brief example of this was the vote which presented node operators with this statement: “We believe that decentralization is extremely important, so we are proposing that on July 21st, rather than maintaining the current ratio, we shift the ratio so that the Node Operator rewards stay the same.” What this meant was that Gala Games took the brunt of the halving. Node operators almost unanimously voted yes on this one.
How can I purchase a Founder’s Node?*
Founder’s Nodes can be purchased by making an account at https://app.gala.games/ and clicking on “Nodes,” in the top list of links, followed by “Buy Now.”
Users can also navigate to the buy page by clicking this link: https://app.gala.games/nodes/founders-node/buy
Where can I download my Founder’s Node?
Go to https://app.gala.games/account and click on Node Info. There you will find a list of download links and a guide for Ubuntu Linux.
What Operating Systems are Founder’s Nodes currently compatible with?
Founder’s Nodes are currently compatible with Windows 10, macOS 10.10 (Yosemite) and higher, and Ubuntu Linux 20.04.
Am I making an investment in Gala Games when I buy and run a Founder’s Node?
A Founder’s Node is strictly not an investment in Gala Games. Nodes are meant to be the backbone of the next gaming revolution. What this means is that if Gala Games is ever faced with the choice between supporting the gaming platform or improving the earnings of the node owners, we will always choose the gaming platform. Gala Games does not and cannot run your Node for you.
What is the difference between Gala and GALA?
GALA is the digital asset and Gala references Gala Games, the gaming company.
What is GALA distribution and what happens when it’s complete?*
GALA is distributed daily to Founder’s Nodes that have operated for at least the required time in each cycle; this GALA is earned by working to help Gala Games in our goal of providing a truly decentralized gaming network.
Distribution is based on dividing the daily distributed GALA among a point system, which you can read about in detail below. Each July, the daily GALA distribution will be cut in half. In July of 2021, however, that halving will not affect node operators. This is because node operators, through the consensus voting feature of their nodes, voted for Gala Games to receive less of a distribution.
You can see daily distribution information on your account by clicking on “My Node,” followed by “View Full Data,” which is next to “Global.”
You may also use one of the community-created websites, GalaBase.io, by going to https://galabase.io/distro/report/ and clicking on Point Report.
When a distribution is complete, GALA’s circulation across the network will still yield earnings for Founder’s Nodes. NFTs are also a current and future part of the incentives that you can earn from running a Founder’s Node.
How does the point system work?*
In order to determine how the GALA distribution is divided, we have utilized a point system. At the time of distribution, all of the points are added up and the GALA is split between these points.
Our current point system is listed here:
Running a Node for 6 hours in a cycle: 1 Point
Your referral runs a node for 6 hours in a cycle (this is two levels deep): 0.1 Points
Your referral purchases a node: 10 points (One day only)
If, for example, you have two nodes and one referral that also has a node, your daily point value
would be 2.1.
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1 Gala Games is not affiliated with Galabase.io nor are we responsible for any of their content. Always be careful with any links you click and never give out your personal information, seed phrase, or passwords.
What kind of work will I be providing by running a Founder’s Node?*
There will be a “see-saw” algorithm that will determine which resources are most needed by the network. For example, if the network has tons of storage but very little processing power, then it will give higher rewards for processing than storage; this would incentivize additional processing suppliers. In short, the network will adapt to its needs.
Will there be more nodes in the future?
There will only ever be 50,000 Founder’s Nodes; in the future, there will be other types of nodes that exist to support the network.