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Michael
Michael
Dec 9, 2023
News

Gala Music Launches Music Token

Participants can get learn more about the basics of the new token serving as key to the Gala Music Ecosystem.
Gala Music Launches Music Token

Gala Music, a decentralized world in entertainment , has opened the door to an immersive musical journey for players. The platform has excitedly announced the launch of $MUSIC token, the heartbeat of the Gala Music Ecosystem. As the key to this gamified music universe, $MUSIC has the ability to transform passive listeners into active participants.

With $MUSIC, participants can discover sounds, purchase tracks and experience unprecedented rewards. The team has emphasized that acquiring $MUSIC is an art in itself and participants can support the Gala Music ecosystem by owning tracks. They can also facilitate listening via Node ownership or just explore undiscovered exciting sounds. Additionally, the $MUSIC token is not just confined to GalaChain but is also bridgeable to the Ethereum Network. This would help to ensure flexibility and accessibility. 

More so, participants can venture into the all access store which is a treasure trove for $MUSIC holders. They can gain exclusive access to unparalleled experiences with their favorite artists. 

The Transition from BEAMS to $MUSIC

Gala Music bade farewell to BEAMS as they transitioned to $MUSIC. The conversion was set at a 1/1 ratio thereby ensuring a smooth shift and preserving the value of each player’s accumulated BEAMS. A player with 3000 BEAMS can now seamlessly transition to 3000 $MUSIC. This strategic move helped to utilize 75 million MUSIC tokens which stood as half of the original planned supply. What players once earned with BEAM rewards would now be gotten as $MUSIC rewards through GalaChain Allowance.

Furthermore, the $MUSIC token heralds a future for music enthusiasts by building on GalaChain’s scalable foundation. This innovation has paved a way for endless possibilities in the Gala Music ecosystem. The team has also encouraged players to stay tuned for more exciting updates on their revamped blog.

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: 09 Dec, 2023 01:42 • Updated: 16 May, 2024 04:12
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