RERUN: Purchase of a GALA Founders node

Proposal Name: Purchase of a GALA Founders node.

Who Submitted Proposal: @Camel Toad

Proposal Type: DAO Proposal

Proposal Summary: Use the DAO to purchase a GALA Founders node. We could use the weekly payouts for raffle prizes, Degen plays, etc. This would be voted upon later if this get's passed.

Proposal Specification: Gala Games was founded in 2019 by Eric Schiermeyer. Eric was the CRO for Myspace and Co-founder of Zynga games. Zynga games is worth about 7 billion USD, and they are responsible for games such as Farmville, Zynga Poker, Words with Friends and more.

Everything within the Gala Games Network depends on the player-owned Node Ecosystem. The Gala Network is supported by users who run their nodes on their home computers or on VPS (Virtual Private Servers). There will only ever be 50,000 Gala nodes sold. Currently at the writing of this proposal there are only 7,408 left. For every 100 nodes sold the price goes up $2500 per node (currently, can be increased at any time) The node operators are rewarded daily for running their node and supporting the Ecosystem. After all, 50,000 nodes are sold they might be turned into NFT's where they can be sold or traded. (This is not confirmed yet, it will probably be put up for vote). The price of the last nodes is $275,000. If the price per 100 gets increased more this price will also increase.

The decentralized Gala Games ecosystem aspires to blow the doors wide open and give players back the control they deserve. Through decentralization, players not only own their in-games items, but they have a voice in how the Gala Games roadmap develops. Players and node owners will be enlisted, via distributed voting mechanisms, to help determine what games should be added to the platform or what should be funded by the decentralized Gala Games ecosystem.

Gala games has a 7-day money back guarantee on the purchase of a Founders node. Currently the price of a Gala Founders node is 205,521.443 $GALA. It can only be purchased in $Gala but it is on the ETH network so there are gas fees associated. Gala Games is deploying Galachain soon to avoid gas fees and also Flare networks. Flare networks purchased Citadel of the Moon for 3.2m. (NFT in the game of Mirandus)

There is currently only 1 playable game in Gala Games, and this is Town Star which released play to earn recently, this game is similar to Farmville. Below are some of the Gala games so far that have been confirmed.

-Town Star (Simulation) -Mirandus (Fantasy RPG) -Echoes of Empires (Strategy space game) -The Walking Dead empires (Survival MMORPG, Yes AMC's the Walking Dead) -Legacy (Business Sim, yes same makers of the Sim's game.) Some land is currently for sale. -Last Expedition (Survival FPS by Certain Affinity. They created Call of Duty and Halo, huge to be first FPS on the blockchain!) -Spider Tanks (PvP Brawler) -Fortified (Tower defense) As you can see Gala games is trying to appeal to the largest number of gamers by diversifying their games. They also have a large number of huge partnerships (too many to list)

How does operating a node reward you. By operating the node, you are rewarded $Gala daily usually around 9:30 PM est. You can withdraw it right away or keep it in your Gala wallet since you own the keys to your wallet. Nodes are also air dropped NFT's as an incentive for operating the nodes, these drops are random and it's by luck basically. Some node operators have received NFT's that are worth a lot more than the price of the node. Currently node operators receive daily $Gala rewards of approximately 300 coins and also 4-5 town coins (this is the coin from the game Town Star). Each game will have its own token and the Founders' node will receive a portion of every transaction, more players more earnings. In the future the rewards from the games itself are going to be a lot more than the rewards from the node itself.

How much does 1 Founders node earn. At current pricing (0.44 x 300 = $132 daily + 4-5 town coins currently 0.66, so approximately $135 daily, varies with market price) Keep in mind $Gala is down from ATH of 0.83 mostly due to the covid issues. Nodes receive rewards 365 days of the year.

I believe we are still super early because there is only 1 playable game (Town star) once the rest of the games launch the number of transactions will make node operators rich. Some Gala games NFT's have sold for more than 5m and demand is super high.

NOTE: A 2nd proposal will be posted to clarify use of rewards. https://app.gala.games/ https://gogalagames.medium.com/

Proposal Benefits:

The passive $Gala received. Every game will have its coin and will reward the node owners. Future transactions of every game rewarded to node owners. The node itself appreciates. NFT air drops. $Gala is listed on every major crypto exchange, and it is easy to withdraw or send funds to your wallet. Proposal Drawbacks:

The CEO does not consider nodes an investment. (Probably regulation issue) He wants node operators to support the ecosystem because they care about gaming. This is why there is a 7-day money back guarantee. Not really a true con but it should be mentioned. There is a halving every July 21st to reduce the distribution of daily Gala. There is a cap of how much Gala will be distributed per node so that it does not drop below a certain amount. The halving of 2021 was not done per a vote done by the node owners. 2022 halving can be voted also but $Gala can be worth a lot more also. Can't sell the nodes yet. $Gala price could drop, and daily rewards are not worth as much as before. VPS servers to run the node cost $20 per month. We have to use about $90,000 or approximately 23 ETH of funds from the DAO.