Gala Games Introduces Phased Approach to Founder Node Staking
The post Gala Games Introduces Phased Approach to Founder Node Staking appeared on BitcoinEthereumNews.com. Darius Baruo Jun 06, 2025 15:14 Gala Games unveils a new phased model for Founder Node Staking, aligning network incentives with ecosystem sustainability. The update includes introducing $GSTAKE token and adjusting reward mechanisms. In a strategic move to enhance the long-term sustainability of its ecosystem, Gala Games has announced a series of significant updates to its Founder Node Staking program. These changes, set to begin on June 16, 2025, aim to align network incentives with the overall health and utility of GalaChain, according to Gala News. Phased Rollout of New Staking Model The upcoming changes introduce a phased approach to how Founder Node rewards are calculated. Initially, node rewards will be determined by the amount of $GALA held in a participant’s GalaChain Wallet. To receive full rewards, operators must hold at least 1 million $GALA per node. Those holding less will receive proportional rewards. This requirement is expected to evolve to a locking mechanism in the third quarter of 2025. Additionally, the previous requirement of maintaining a 20,000-node minimum online threshold is being removed. Daily $GALA distributions will continue under the existing emissions schedule, independent of the number of nodes active at any given time. Introduction of the $GSTAKE Token A notable aspect of the update is the introduction of a new token, $GSTAKE, which can be used as an alternative to $GALA for node staking. Initially, $GSTAKE will be equivalent to $GALA, with tokens being minted through eligible NFT exchanges or purchases. Details on eligible NFTs and conversion values will be provided before the Phase 2 launch. The $GSTAKE token will be native to GalaChain, facilitating transfers and trades on platforms like Gala Connect and Gala Swap. Detailed Phased Rollout The phased rollout of these updates includes: Phase 1: Launching on…
The post Gala Games Introduces Phased Approach to Founder Node Staking appeared on BitcoinEthereumNews.com.
Darius Baruo Jun 06, 2025 15:14 Gala Games unveils a new phased model for Founder Node Staking, aligning network incentives with ecosystem sustainability. The update includes introducing $GSTAKE token and adjusting reward mechanisms. In a strategic move to enhance the long-term sustainability of its ecosystem, Gala Games has announced a series of significant updates to its Founder Node Staking program. These changes, set to begin on June 16, 2025, aim to align network incentives with the overall health and utility of GalaChain, according to Gala News. Phased Rollout of New Staking Model The upcoming changes introduce a phased approach to how Founder Node rewards are calculated. Initially, node rewards will be determined by the amount of $GALA held in a participant’s GalaChain Wallet. To receive full rewards, operators must hold at least 1 million $GALA per node. Those holding less will receive proportional rewards. This requirement is expected to evolve to a locking mechanism in the third quarter of 2025. Additionally, the previous requirement of maintaining a 20,000-node minimum online threshold is being removed. Daily $GALA distributions will continue under the existing emissions schedule, independent of the number of nodes active at any given time. Introduction of the $GSTAKE Token A notable aspect of the update is the introduction of a new token, $GSTAKE, which can be used as an alternative to $GALA for node staking. Initially, $GSTAKE will be equivalent to $GALA, with tokens being minted through eligible NFT exchanges or purchases. Details on eligible NFTs and conversion values will be provided before the Phase 2 launch. The $GSTAKE token will be native to GalaChain, facilitating transfers and trades on platforms like Gala Connect and Gala Swap. Detailed Phased Rollout The phased rollout of these updates includes: Phase 1: Launching on…
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