Gala Music Logo

Gala Music MUSIC

Gala Music header image

1. Summary

Ranks

Liquidity
-
Developer
-
Social
11
Momentum (beta)
0
Stack Rankā„¢
-
Price
$0.04 -11.8%
Market Cap
$4.41M (#1777)
Supply
106.39M / 106.39M
Price
52W High price $0.28
52W High date 14th Dec 2023 (6 months ago)
All Time High (ATH) Date 14th Dec 2023 (6 months ago)
ATH Price $0.30
% From ATH -61.01%
All Time Low (ATL) Date 6th Jan 2024 (5 months ago)
ATL Price $0.08
% From ATL 47.08%
Supply & Trading Volume
Trading Volume (24h) $3.02M
Total Supply 106.39M
Max Supply 1.00B
Circulating Supply 106.39M
Description

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

  • Token Name and Symbol: MUSIC

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

2. Price

MUSIC

2.1. Market Performance

How does Gala Music's (MUSIC) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-27.6%

MUSIC

9.4%

Similar Market Cap

60 Day Return

-8.7%

MUSIC

11.5%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 15,905
Twitter followers 85,877
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://music.gala.com
Explorer https://etherscan.io/token/0xD8c0b13B551718b808fc9...
Twitter @gogalamusic

What is the correct contract address for Gala Music?

Ethereum 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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