The GALA blockchain gaming token has been on a rip recently. However, its tokenomics model raises a few questions.
GALA gaming tokens have more than doubled in price over the past week. Furthermore, GALA has gained 18.6% on the day and was briefly up 232% from its Dec. 30 low of $0.0154
Gala is a decentralized blockchain gaming ecosystem with a claimed 16,000 player-run nodes across the globe. At launch, there was no premine, presales, or early access to the tokens, and seemingly no venture firms were involved.
However, it unlocks a lot of tokens every day, which could put more selling pressure on the asset and GALA prices.