Gala Film, the video division of the Gala entertainment ecosystem, has announced the launch of its own token: $FILM. This new utility and reward token will be issued on GalaChain and will become the primary currency for transactions within the Gala Film ecosystem. Users will be able to use the token to support film projects, which will be rewarded with exclusive behind-the-scenes content, early access, and potentially other benefits. Token holders will also be able to participate in governance by voting on various proposals, and active users will have the chance to earn the token in various ways, including watching movies, participating in the community, and interacting with content.
Some of the initial utilities for this new token include purchasing merchandise on the platform, acquiring Screen Nodes, creating film projects, supporting new films, and interacting with creators, with new uses to be added over time. $FILM rewards will be distributed daily for node operation, content distribution, content stimulation, and ecosystem support. This means that Screen Node owners can earn the token, as can users who share and promote content, while creators are rewarded based on the number of views their content receives and the level of engagement.
As an incentive for early supporters of the ecosystem, Gala has provided Screen Node operators with special units called ‘POPCORN! Buckets’, which serve as permissions to mint $FILM after its initial distribution. Owners of POPCORN! Buckets will receive 10 $FILM for 1 POPCORN!, with the possibility of a bonus depending on the size of their POPCORN! Bucket.
