• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Gala Games updates the referral incentive system

Gala Games updates the referral incentive system

user avatar

by Max Nevskyi

2 years ago


After receiving feedback from the community, Gala Games has published a revised proposal for the referral incentive system, which Founder's Node operators can now vote on. One of the changes includes making non-chain referrals temporary unless they are written to blockchain through a burning process. If the proposal is approved, the system will be implemented within 90 days through a phased rollout.

Following community feedback and hosting an AMA in the Founder's Node Owner channel, Gala Games decided to revise its original proposal regarding the Referral Incentive System for ecosystem usage, making a couple of adjustments and putting it up for voting among Founder's Node operators.

Gala Games new proposal extends the implementation period of the referral incentive system to 90 days for additional work on integrating referrals into the blockchain, as opposed to the original 7 days. Now all referrals must be registered through a burning process to ensure their long-term activity and rewards for active ecosystem users. Referrals not transferred to the blockchain will have a temporary status, and their benefits will expire if the burning process is not completed.

It is also mentioned that the system will be implemented in phases. In the first two weeks, burn rebates will be provided for referrers based on burns in Ethereum, and the same will happen in one month on GalaChain. Approximately two months later, the first version of the Referral Dashboard will be introduced, and in 3 months, the second version of the dashboard will go live, alongside the ability to write referrals on chain. This means that once this phased rollout is over, non-chain referrals will start to have a countdown showing how much time is left until they expire.

The rest of the proposal remains the same and works as follows: when user C initiates a burn, the account that referred them, user B, will receive a reward equal to 8% of the burned amount, while the account that referred user B, user A, gets 2% of the burned amount. If the proposal is approved, the developers will look to implement the system within 90 days from the day of approval.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Political Debanking Allegations Spark Legal Debate

chest

The recent lawsuit filed by Donald Trump against JPMorgan Chase highlights the issue of political debanking, where banks deny services based on political affiliations, raising legal and ethical questions.

user avatarKaterina Papadopoulou

DeepBook Protocol Launches Margin Trading on Sui Network

chest

DeepBook Protocol has launched margin trading on the Sui Network, enhancing its DeFi capabilities and expected to increase trading volume and liquidity.

user avatarLeo van der Veen

DeepBook Protocol Enhances User Experience with Advanced Margin Trading Features

chest

The DeepBook Protocol has introduced a multilayered security framework and a points system designed to enhance the user experience in margin trading.

user avatarLi Weicheng

Surge in Bitcoin Inflows Signals Potential Selloff

chest

Crypto exchanges saw a significant rise in Bitcoin inflows, suggesting a potential intensification of the current selloff.

user avatarMaya Lundqvist

Chiru Labs Unveils Ambitious 2026 Roadmap for Azuki NFTs

chest

Chiru Labs has unveiled its plans for the Azuki NFT collection in 2026, focusing on product releases and a new manga.

user avatarBayarjavkhlan Ganbaatar

Azuki NFT Floor Price Jumps 48% Following Roadmap Reveal

chest

The floor price of Azuki NFTs surged by 48% after the announcement of the 2026 roadmap, climbing from 0.74 ETH to 0.78 ETH within 24 hours.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.