GameFi

Gala Games Will Launch The V2 Version On May 15

Key Points:

On May 15, Gala Games will release a v2 update with new features, such as an improved destruction process, security upgrades, and future upgradeability.
Before the snapshot on May 15, users must delete GALA from any liquidity pool or smart contract.
The authority has arranged for all users who have GALA (v1) on Ethereum to get the new GALA (v2) Tokens straight 1:1; GALA (v1) will no longer be supported after that.

According to the official blog, the blockchain game platform Gala Games will launch a v2 upgrade on May 15, with new features, including an enhanced destruction mechanism, security enhancements, and future upgradeability.

Gala Games Will Launch The V2 Version On May 15 3

An update to the Gala token’s Ethereum contract introduces a slew of new features, including improved burn mechanisms, security upgrades, and future upgradeability.

Users must remove GALA from any liquidity pool or smart contract before the snapshot on May 15th. The official has arranged for all users who hold GALA (v1) on Ethereum to receive the new GALA (v2) directly 1:1 Tokens, GALA (v1) will no longer be supported thereafter.

Whether the user owns GALA, there is no action necessary on their behalf to guarantee they get the GALA (v2) token drop as long as their GALA is not presently being utilized in any liquidity pools or smart contracts.

As Coincu reported, Huobi and Gala Games want to sue pNetwork for working with hackers to leak a huge number of pGALA. It is also known that the two platforms resolved to compensate consumers who sustained damages as a result of the extra pGALA assault event with $50 million.

Gala Games Will Launch The V2 Version On May 15 4

In November of last year, pNetwork was suspected of working with hackers to release over $1 billion in pGALA on the BNB chain and sell it on PancakeSwap, causing the price to drop by 97%.

Gala Games launched a lawsuit against its partner on behalf of pGALA victims on March 20 of this year. Gala Games argues that pNetwork’s incompetence in producing security breaches, as well as the willful execution of the botched recovery plan, created further damage, harming Gala’s market reputation. Games and the GALA Token, harming Gala Games’ image and harming Gala Games The connection between the games and the trading platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.