Cryptocurrency Q&A
Is Gala coin deflationary?
Is Gala coin deflationary?
Giulia
Mon Oct 14 2024
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7 answers
1600
I'm interested in learning about Gala coin. Specifically, I want to know if it is deflationary. I've heard about deflationary cryptocurrencies and how their value tends to increase due to a limited supply. I'm wondering if Gala coin falls into this category.
7 answers
Margherita
Wed Oct 16 2024
Every year, on the 21st of July, the amount of GALA distributed is reduced by half. This is a strategic move aimed at managing the overall supply of the cryptocurrency.
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Caterina
Wed Oct 16 2024
In 2022, the daily distribution was adjusted downwards, resulting in a total of 8,561,643 GALA tokens being made available throughout the year.
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Lucia
Wed Oct 16 2024
As the year progresses, the continued application of this deflationary measure ensures that the GALA supply remains in check.
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CherryBlossomDancing
Wed Oct 16 2024
The daily distribution of GALA tokens follows a pre-determined schedule, designed to introduce scarcity into the market.
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Tommaso
Wed Oct 16 2024
Moving forward to 2023, the distribution rate has been further reduced. This year, only 4,280,822 GALA tokens will be distributed on a daily basis.
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