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Binance Group Comes Forward in Gala Games\’ Contract Upgrade

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The upgrade to the Gala Games contract is a big change for the game ecosystem. With the update, a new $GALA(v2) token will be made, which will replace the old $GALA token. Users will get a number of benefits from this token swap, such as better security, better growth, and more features.

The update will happen on Monday, May 15, around noon PT time. All people who own $GALA will get the new $GALA(v2) token at a rate of 1 to 1. But keeping $GALA in a centralized exchange wallet may cause some expected problems, since the exchange will be the owner of the wallet and get the $GALA(v2) coin.

Binance Group has become a key player in the shift as the Gala Games ecosystem gets ready for a huge contract upgrade. With the update, a new $GALA(v2) token will be made, which will replace the old $GALA token. Binance has said in public that it backs the contract swap.

The Importance of Exchange Support in the Contract Upgrade

As the Gala Games contract upgrade gets closer, help from the exchange becomes more important to make sure the change goes smoothly. With exchange support, users will be able to get the new $GALA(v2) coin without having to wait or lose money. Centralized exchanges, on the other hand, have to manage the token swap process and make sure that all users get the right new token.

Gala Games has been working hard behind the scenes to get in touch with the people who work at the exchanges that have listed the $GALA coin. Even though they are trying hard, a large number of exchanges may not reply in time to show their support. Gala Games strongly recommends that after the contract swap, centralized exchanges don\’t let users enter or withdraw the old $GALA(v1) token.

Binance Group\’s Support for the Gala Games Contract Upgrade

Binance Group has become an important part of helping Gala Games improve its contract. The bitcoin exchange has said in public that it agrees with the contract swap. Its technical knowledge will be a key part of making sure the change goes smoothly.

At 15:00 UTC on May 15, Binance will stop letting people enter and withdraw $GALA on the Ethereum (ERC20) network. The old $GALA(ERC20) smart contract address will no longer be able to accept deposits or payments of $GALA, since old $GALA(ERC20) tokens will no longer be useful.

During the contract swap, there won\’t be any changes to spot trading, margin trading, futures trading, or Simple Earn payments. Binance will take care of everything technical for people who hold $GALA in their Binance accounts. When the contract swap is done, there will be a separate statement. In the meantime, new $GALA(v2) tokens can be deposited and taken out.

The Benefits of Binance Group\’s Support for Gala Games

Binance has shown that it has faith in the Gala Games team and their ability to pull off this big change without any problems. This vote of confidence from the public is important not just for Gala Games but also for the blockchain and cryptocurrency business as a whole. As more and more people start to use blockchain technology, it\’s important to build trust and faith in the ecosystem. Binance\’s help for Gala Games makes this happen.

Also, Binance\’s backing for the contract upgrade is likely to bring in more users and investors to the Gala Games ecosystem. Binance is one of the world\’s biggest and most trusted places to buy and sell cryptocurrencies. Because it backs Gala Games, the project is expected to get more attention. This could lead to more people and investors joining the Gala Games group, which would be a good thing for the project.

Lastly, Binance\’s backing for the contract upgrade is a good example for other exchanges to follow. Binance has set an example for other exchanges to follow by openly supporting the upgrade and taking the technical steps needed to make the change as smooth as possible. This could make other exchanges more likely to accept the upgrade, which would make the change easier for everyone who owns $GALA.

Binance\’s backing for the Gala Games contract upgrade is a big deal for the Gala Games ecosystem. Binance has shown its faith in the Gala Games team and their ability to handle this big upgrade smoothly by making its support public and taking the technical steps needed to make the transition easier. With this help, the community is likely to get more users and investors. It sets a very important example for future deals. The upgrade is set to happen on May 15, so both the Gala Games community and the cryptocurrency business as a whole will be paying close attention to how the change goes.

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Binance Group Comes Forward in Gala Games\’ Contract Upgrade

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Gaming NFTs On Binance 2023

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The Binance marketplace is a Hit with the fans, despite the Rocky ride of NFTs and Crypto. Binance has entered the NFT market like many other crypto asset exchanges. They launched their own NFT platform in 2021, a few months before the market\’s crypto winter. Notwithstanding the volatility seen in the crypto and NFT markets, their NFT marketplace is well-liked by customers. By developing such a platform, a governing body like Binance closes the accessibility gap for newcomers to benefit from Web3 technology, which is now widely accepted.

Crypto games and NFTs complement one another since they provide players and owners of digital collectibles with more lucrative options. Now let\’s go over some of the best gaming-related NFT collections that are currently offered on the Binance NFT Marketplace.

NFTs on Binance

Gaming NFTs are a huge hit on the Binance Marketplace. So far their total volume has reached $1,055,837,713 and a total of $52,544,925, which could be termed as very high stakes, considering the amount they have spent on it. Binance is now a popular market among gamers, and, hopefully, it will remain so. Here are the top NFT investments that we can make on Binance in 2023.

DERACE

DeRace is a metaverse version of the NFT horse-riding game. Hence, if you enjoy horse racing or even own a horse as a pet, this might be for you.
DeRace is a cryptocurrency game that uses in-game breeding techniques to level up your horse\’s NFTs, just like other current crypto games. Then you put them to the test in competition with other players in races for money prizes and leaderboard bragging rights.

The game\’s different tiers are termed “Horse Tickets”.

It includes Olympian, Demi-god, Alfa, Beta, and Omega.

The Derace cryptocurrency game has fluid gameplay, and as their calendar moves forward, we can assume that there will be additional improvements.

A Horse Ticket NFT\’s current floor price on Binance is 1799.82 USD, which is by no means a bargain. Derace is the first game of its kind because it uses blockchain technology and combines NFTs, horse racing, and sports betting. DeRace will soon be available on mobile devices, making earning money on the blockchain easier to do. On the Binance NFT market, NFT prices have risen by 33.5% thus far.

STEPN – STEPN x ASICS

The next top gaming NFT selection is Stepn, a \”Move-To-Earn\” game that has so far received a positive response among blockchain gamers. They have so far created a variety of NFT collections with sporting goods companies, including this one with ASICS. There are two types of NFT collections on the Binance Marketplace: NFT Sneakers and Shoe Boxes – NFT Sneaker mystery boxes

The floor pricing for these NFTs is much cheaper, starting at 35.99 USD. Prices might reach hundreds of thousands of dollars. We advise against paying because it is probably simply someone trying their luck. Most NFTs are reasonably affordable at approximately $100 or more.

Stepn compensates you for working out. NFT gamers collect the in-game cash $GMT by walking and running while wearing the footwear. It\’s a fantastic tool for people who want to get more out of their fitness routine or who need the motivation to take care of their health.

You can begin making money after you get beyond the entry hurdle, which is the NFT price tag. A rental service is also offered, as mentioned by NFT. So, you can either rent out your own sneakers to other players or hire out NFT sneakers.

DARK FRONTIERS

Set in a future space environment, Dark Frontiers is a third-person open-world NFT game. While the earth has turned into a wasteland, the goal of the game is to travel around the Moon and other planets while creating your land, leveling up your characters, and combating foes.

It appears fantastic so far, and a variety of NFTs have already been made available for this game, including in-game stuff and land on the moon. Three different tiers of NFTs are being offered on the Dark Frontiers so far:

Gamma – Tier 1 (1st Limited Edition)
Beta — Tier 2 (1st Limited Edition)
Alpha — Tier 3 (1st Limited Edition)

The NFT floor prices for this game, which start at 84.94 USD and increase by a total of 13.3%, are rather reasonable.

So these are the top Binance games and financing options for 2023. We have provided the initial information and now it\’s upon you to research the games and their NFTs before plunging into any kind of decision.

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