Gala Games Introduces $TREZ Litepaper with New Ecosystem Incentives
Felix Pinkston Aug 26, 2024 06:35
Gala Games has unveiled the $TREZ litepaper, detailing new incentives and rewards for its Telegram mini app gaming ecosystem.
Gala Games has announced the release of the $TREZ litepaper, which outlines the future plans and economic incentives for its Telegram mini app gaming ecosystem. According to Gala News, $TREZ is set to become the official token of the ecosystem, designed to enrich and incentivize user interaction within Gala's web3 games.
Introduction to $TREZ
The $TREZ token will play a crucial role in Gala’s new “tapper” genre of Telegram mini app web3 games. The initial publication of the litepaper lists games such as Treasure Tapper and Music Coin, with the potential for more games to be added in the future. The token generation event (TGE) for $TREZ will see it minted on GalaChain, the TON Blockchain, or a combination of both, with a maximum supply of 100 billion tokens.
Incentive Mechanisms
The litepaper details a comprehensive reward system for $TREZ, including seasonal and daily distributions. $TREZ will be accumulated by completing goals and tasks within Gala’s Telegram mini app games. These rewards aim to boost user engagement and expand the ecosystem.
Seasonal Rewards
The $TREZ token will be distributed on a seasonal basis, with the length of each season varying. During each Distribution Season, a portion of the total $TREZ supply will be emitted to users based on a point system. Criteria for seasonal rewards include:
- In-game Coins Collected
- Rewards per Hour
- Number of Direct Referrals
- Number of Secondary Referrals
- Creation of Gala Account
- Number of Challenges played
- Gala Store Spend
Future seasons may also feature mission upgrades and in-app purchases that allow users to earn more distribution points or spend (burn) $TREZ for additional benefits.
Daily Rewards
Daily distributions of $TREZ will be based on in-game tasks and leaderboard placements. Criteria for daily rewards include:
- In-game Coins accumulated
- Daily tasks completed
- Daily matches and rematches
- Daily referrals
- Daily play time (app open)
These daily rewards aim to encourage continuous interaction with Gala’s $TREZ-associated apps.
Broader Ecosystem Impact
Gala Games, launched in 2019, has quickly risen as a leader in web3 entertainment, expanding into music and film. GalaChain, the L1 blockchain developed by Gala, offers speed, scalability, and security, and has been opened to external developers with a powerful self-service portal and SDK.
The introduction of $TREZ is expected to further enhance the user experience within Gala’s ecosystem, particularly through its Telegram mini-app games. By leveraging a mobile messaging platform used by nearly a billion users worldwide, Gala aims to simplify the onboarding process for new web3 users.
With the release of this litepaper, Gala sets the stage for a new wave of innovation and engagement within its ecosystem. The tokenomics of $TREZ are designed to not only incentivize interaction but also foster a more vibrant and active community.
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