Gala Music MUSIC
1. Summary
- Price
-
$0.05 +0.1%
- Market Cap
- $7.50M (#1581)
- Supply
- 127.35M / 127.35M
- Tags
- Music Ethereum Ecosystem
- Description
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About Gala Music
About Gala Music
Gala Music is a decentralized music platform utilizing blockchain technology to offer artists control over their music, transparency, and improved monetization. The platform allows artists to enhance control over their intellectual property and connect more closely with fans, providing a rewarding experience through direct connections to musicians, access, events, merchandise, and more. Gala Music is part of the Gala ecosystem alongside Gala Games and Gala Movies.
Key Features and Mechanics
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Token Name and Symbol: MUSIC
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Supply and Distribution: The maximum supply of MUSIC is 1 billion. Initially, 150 million tokens were circulated, consisting of 75 million test tokens and 75 million minted for ecosystem activities. The supply follows a dynamic model, controlled by a mathematical formula that aligns token supply with platform growth and utility, reducing over-supply and under-supply issues.
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Node Sales and Node Management: Node pricing is approximately 11,704 MUSIC. Nodes require 20 hours of uptime and can host 10 tracks. MUSIC tokens are used for node upgrades.
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Music NFTs and Ownership: Songs are turned into non-fungible tokens (ERC-1155 NFTs) on GalaChain. Fans can purchase NFTs, becoming song owners and earning MUSIC by hosting the NFT on a node. Nodes can host multiple tracks by using MUSIC tokens.
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Monetization and Participation: MUSIC tokens are used for purchasing NFTs, merchandise, and node upgrades. Fans can earn MUSIC tokens by streaming, redeeming them in stores, or trading on exchanges. MUSIC is burned through utility actions and ecosystem functions, maintaining a balance in the system.
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GALA Music Community: Over 93 artists are listed on the platform, including notable figures like Snoop Dogg. Fans can interact with artists and purchase exclusive merchandise on the platform's stores.
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Price | |
52W High price | $0.28 |
52W High date | 14th Dec 2023 (10 months ago) |
All Time High (ATH) Date | 14th Dec 2023 (10 months ago) |
ATH Price | $0.30 |
% From ATH | -90.44% |
All Time Low (ATL) Date | 5th Aug 2024 (2 months ago) |
ATL Price | $0.03 |
% From ATL | 9.94% |
Supply & Trading Volume | |
Trading Volume (24h) | $2.51M |
Total Supply | 127.35M |
Max Supply | 1.00B |
Circulating Supply | 127.35M |
MUSIC
How does Gala Music's (MUSIC) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-26.8%
MUSIC
-6.8%
Similar Market Cap
60 Day Return
-42.7%
MUSIC
-38.9%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | |
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Active Reddit Users (past 24h) | |
Discord users | |
Active Discord Users | |
Telegram Users | 18,237 |
Twitter followers | 89,632 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://music.gala.com |
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Explorer | https://etherscan.io/token/0xD8c0b13B551718b808fc9... |
@gogalamusic |
What is the correct contract address for Gala Music?
Ethereum | 0xd8c0b13b551718b808fc97ead59499d5ef862775 |
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Galachain | 0xd8c0b13b551718b808fc97ead59499d5ef862775 |
Has Gala Music been audited for security?
No security audits found for this project.
Are you the owner of Gala Music? Edit it here
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