Gala (GALA) triggers massive burns as contract upgrade goes live GALA $GALA Galagames Galacoin Galacrypto GalaArmy GoGalaGames
In line with its commitment to burn two billion Gala tokens throughout the year, it first made four burns of 500,000,000 Gala each.
In the march for improvements, it proceeded to burn an additional 3,961,582,987 GALA, equivalent to the total revenue in GALA it has ever received. To fully neutralize the"dump and exit" scenario, the Gala Games team says it decided to burn nearly the entirety of its reserves.With this in mind, it initiated a burn of another 15,000,000,000 GALA, which represents the vast majority of its reserves in GALA, implying it would no longer control any appreciable part of the token supply.
All in all, this totals 20.96 billion Gala burned as the V2 contract launched. Meanwhile, the GALA price is yet to respond to the massive token burn, as it is down 2.46% in the last 24 hours at $0.03.
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