When GALA V2 launches on 15 May, all GALA holders are scheduled for a $GALA(v2) 1:1 airdrop the same day. Ahead of this, GALA holders are advised to avoid keeping their funds in liquidity pools or smart contracts.
According to a blog post, GALA must be removed from any liquidity pools or smart contracts before the 15 May date, as it can’t be guaranteed that GALA will be otherwise recoverable.
GALA added: “In anticipation of the GALA(v2) launch, we have made arrangements for all users holding GALA(v1) on Ethereum to automatically receive the new GALA(v2) token in a direct 1:1 token drop.
“After this drop, GALA(v1) will no longer be supported. Rest assured, we are actively engaging with our exchange partners to facilitate a smooth transition.
“We have already made contact with the majority of our partners, but we strongly recommend storing your GALA in your personal wallet to ensure that the drop is delivered directly to you.”
Gala Web3 games
Web3 gaming team Gala Games are the creators behind titles such as Spider Tanks and The Walking Dead: Empires.
Also under its umbrella is the Gala Film Web3 entertainment platform, with GALA token integrated for users to buy digital assets within the Gala ecosystem.
The GALA V2 airdrop follows the announcement that ‘RZR’, an eight-episode Web3 TV series made by Gala Film, will guest star American Pie’s Mena Suvari, From Dusk Till Dawn’s Danny Trejo, and Sons of Anarchy’s Emilio Rivera.
The series portrays a dystopian Los Angeles where AI and crypto go hand in hand with the criminal underworld.
At the time of writing, the price GALA is trading at $0.03418, down 5.10% in the past 24 hours. It has a circulating supply of 6,977,205,436 GALA coins and currently ranks at number 137 in the crypto market, according to data from CoinMarketCap.
GALA’s all-time high was on 26 November 2021 when it reached $0.8367 – 95.92% up from its current price.