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This article explains the tokenomics behind the GALA token.
The purpose of this article is to explain several important facets of the GALA token, including but not limited to the total supply, release schedule, and the halving schedule.
This article assumes the reader understands the information in the following articles:
The total supply of GALA is approximately 50 Billion.
The circulating supply of GALA can be found here.
July 21st 2021-July 20th 2022: 17,123,286 GALA is distributed daily at approximately 0200 UTC. Half of this GALA is distributed to Founder’s Node Operators, and half is distributed to the Gala Games Conservatorship.
Each year, on the 21st of July, the distribution of GALA will be halved. For example, beginning on July 21st of 2022, the daily distribution of GALA will be 8,561,643 instead of 17,123,286.