Informations Center
Cryptocurrencies
News
Community
Become Part of Our PlayToEarn Community
Learn more about the benefits you have as a PlayToEarn user.
Learn more
Advertise
Earn Points & USDT
Tournaments
Login
Profile on PlayToEarn
Hi! Welcome
Login
LanguageEnglish
EnglishDeutschBahasa Indonesia
CurrencyUSD
USDEURBTCETHEOSTRONEnjinPolygonAUDBRLCADCHFCLPCNYCZKDKKGBPHKDHUFIDRILSINRJPYKRWMXNMYRNOKNZDPHPPKRPLNRUBSEKSGDTHBTRYTWDZAR
Dark Theme
Profile on PlayToEarn
Profile on PlayToEarn
0
Account
Logout
Profile on PlayToEarn
Games: 0
Game Tokens: 0
Avg. Social Score (24h)
24h Vol: $0
Market Cap: $0
Dominance: BTC 0%  ETH 0%   SOL 0%
Add new game
For Creators
Dragan
Dragan
Feb 21, 2024
News

Gala Film Announces Upcoming New Token: $FILM

$FILM is an upcoming new utility and reward token that will be minted on GalaChain and is designed to power the Gala Film platform in various ways, allowing holders to support film projects, participate in governance, create film pitches and more.
Gala Film Announces Upcoming New Token: $FILM

Gala Film, the video-focused division of the Gala entertainment ecosystem, has announced that it will launch its very own token: $FILM.

What Is $FILM?

$FILM is an upcoming utility and reward token that will be at the core of the movie-centered platform. It will go live on GalaChain in the future and be used as the main currency for transactions in the Gala Film ecosystem. This means that users will be able to use the token to support film projects, which is set to be rewarded with benefits such as exclusive behind-the-scenes content, early access, and potentially more. Holders of the token will be able to participate in governance by voting on various proposals, while active users will have a chance of earning the token through a range of different ways that may include watching films, participating in community activities, and interacting with varied content.

According to the latest announcement, some of the initial utilities for this new token include buying items on the platform, purchasing Screen Nodes, setting up film pitches, supporting pitches for new films and interacting with Creators, with more use cases to come over time.

$FILM rewards will be distributed every day for node operation, content distribution, content incentivization, and ecosystem supporting behaviors. This means that Screen Node holders can earn the token, but so can users who share and promote content, with creators rewarded depending on the number of views they get and the amount of engagement their content manages to garner. Engagement that “supports the health of Gala Films” is also set to be rewarded.

Rewards for Early Supporters

In an effort to reward early supporters of this ecosystem, Gala has given Screen Node operators special units called ‘POPCORN! Buckets’. These are meant to serve as mint allowances for $FILM after its initial allocation, with holders of POPCORN! Buckets set to receive 10 $FILM for 1 POPCORN!, though there is a chance of getting a bonus based on the size of your POPCORN! Bucket.

The official post states that Screen Node operators will continue to receive POPCORN! even after $FILM’s token creation event, alongside “anyone else who has earned $FILM rewards through various platform interactions.” By letting users mint whenever they want, it will be possible to take “advantage of POPCORN! bonuses by minting larger amounts of $FILM at a time.”

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
Posted: 21 Feb, 2024 14:50 • Updated: 17 May, 2024 00:35
Advertise
Follow us on X
© 2025 PlayToEarn. All Rights Reserved.
Cookie
Cookies
This website uses cookies to enhance user experience and provide certain services and features to users.
Accept all cookies
...
...
Become Part of Our
PlayToEarn Community
Collect PlayToEarn Points, enter airdrops, exclusive discord events and more.
Login with Wallet
WalletConnect
WalletConnect
MetaMask
MetaMask
Phantom Wallet for Solana
Phantom
or login with
Games
News
Awards
P2E Points
Login